Member Info for Tuggy

I have heard similar rumours , but being kept incredibly hush hush, there is an alarming quiet re FI oil at present, good to see POO over 50.

The actual return for shareholders is about 20 cents a barrel which in effect means a 1 per cent shareholder should receive £250,000 per annum , so a shareholder owning 100,000 shares would receive a royalty of £12500 per annum. It does put into context the excellent deal Argos have with Noble, patience is needed before the ship comes in !

Yes I agree Argos moving to Gibraltar for tax reasons , but what is more interesting is the expected 9 per cent Royalty FIG will get at current POO namely 4.05 dollars a barrel, the 26 per cent Govt tax will not come into effect if the POO remains at that level, that is why Noble wil only explore when the POO is 10 dollars more than the current level. When the glut disappears we should see that early 2017. One more interesting fact 5 per cent royalty effectively means 2 dollars a barrel for shareholders , no dilution !!!!!

Yes I agree Argos moving to Gibraltar for tax reasons , but what is more interesting is the expected 9 per cent Royalty FIG will get at current POO namely 4.05 dollars a barrel, the 26 per cent Govt tax will not come into effect if the POO remains at that level, that is why Noble wil only explore when the POO is 10 dollars more than the current level. When the glut disappears we should see that early 2017. One more interesting fact 5 per cent royalty effectively means 2 dollars a barrel for shareholders , no dilution !!!!!

The announcement of RKH of their latest results and stating for the first time that PMO are looking to Farm down Sea loin something I have been saying for ages, and the Argentine new Govt wanting to do business with FIG over hydrocarbons , this all bodes well for the future !!!!!

Yes very encouraging news, especially regarding the hydrocarbon stance, this might prove pivotal in getting a farm in for PMO to help fund the development of Sea Lion, and in turn encourage our own partners in sanctioning a new drill campaign in 2017 with a new American partner to shoulder some of the costs as I s the way for most USA explorers these days. If POO can reach 60 dollars then the touch paper will be lit.

50.77 keep this up and we will be nearing the crucial 60 target

49.65 as we speak , good news

Good news all round the rise in POO and the new financial deal PMO have hopefully concluded with their bankers will give potential farm in partners more confidence to pursue a cooperation in Sea Lion , notably the American contingent would not have gone into sharing a rig to explore their own wells and appraising Rockhoppers existing finds and finishing Chatham. With relations thawing with Argentina, the FI dream might start to become reality.

47.28 slowly rising, which is good news

45.32 hopefully rising , will give comfort to Noble in securing a rig campaign , but need it to be mid fifties to activate the whole FI basin, it might be quicker than you think !!!

Noble are obviously still keen as mustard to drill Rhea and other prospects but like all oilies at the moment will not commit until P OO is slightly higher and stable, that is the key, but still with this share is still a steal at the current price and also,no dilution especially important with today's oil companies.

Good to hear you are still around , exciting times ahead all we need is a steady 55 to 60 POO we are laughing .

Totally agree Eegbvi , where did you get the info re BP , having said that I have mentioned that Noble will more than likely get another American partner to do the three drills on PL001 but will probably share the rig with whoever is in charge of the Sea Lion project as they need to proceed with some appraisal wells amnd the well they had to drop earlier in the year.

Because Noble are Argos partners and far better equipped than Either PMO and RKH to take this whole project a step closer to,production , your blindness to the financial position of PMO to ever afford this project and happy to hear for the first time that BP or another American player will come into the frame alongside Noble is correct. They are not going to leave such value in the ground as they did back in 1994 when they have only a sniff of what they have today, all we need POO to rise and these shares will BOOM

All the earlier doubters have been proved wrong , and add icing to the cake a further ten year option after that, all we need is a slight rise in POO to activate the whole FI into action, I think there is an lot going on behind the scenes and we have the trump card Noble Energy totally committed . Wacth this space , clever guys bought T the bottom this morning at 3.90 p you will not see that again . More news to follow just pleased the doubters have been proved completely wrong.

Absolutely, I have been banging on for the past year that Noble is fully aware of PMO financial difficulties and made together the dual decision of abandoning the disastrous Erik Raude, so they know each other and RKh very well, however Americans like partnerships so expect one more US company coming in to not only drill PL001 but will see Sea Lion as a cheap way to guarantee the initial investment if the Argos drills prove unsuccessful . The POO is crucial as with all oilies at present , but by all accounts POO will strengthen in the near future making FI oil a viable concern.

It's pretty quite everywhere except Downing Street. however Argos should announce shortly a new 3 year extension of the licence with Noble and Edison being the operators of the forthcoming drilling campaign. That should cast aside the city doubters of the American commitment to the Falklands , which should spark some life into the rather dormant faze we are experiencing at the moment.

I suspect stamp duty will be cut to stimulate the market.

POO at 50.92 as we speak , I reiterate my earlier messag that the POO will have to be a steady 60 for Noble to mobilise the drilling campaign , they are confident that will be by 2016 3rd Q, along with the chairman of BP , so feel confident that this is not a pipe dream this is going to happen, make my words.