Member Info for Tuggy

Now who's laughing , all that doom and gloom , look at the market , we Brits have a fantastic opportunity to go out alone again without the constraints of EU doctrine, well done everyone who had the courage, apparently huge interest again in London property, due to the currency and the safe haven aspect. Argos should announce extension soon .

I meant to say hopefully the POO will be at the figure required for Noble to feel comfortable in an exploration programme, what is important is that we have a company totally convinced that Argos have potentially huge quantities of oil , with no fear of dilution makes this an extremely attractive to new investors at these prices.

I am sorry Falkland investor, 60 dollars is the range that would expedite Noble into drilling and producing , and this should happen by Q4 2016 .

Following the result on Friday the effect on Argos shareholders will be minimal, as Noble and Argos should announce shortly a signed agreement to extend the licence for at least another three years, however Noble will not support an immediate drilling campaign until POO is a steady 60 dollars for a considerable time , then Noble will in my opinion exercise an immediate drilling campaign and more importantly a production programme . During this time the Americans will be looking closely at PMO state of health. This will of course take time to pane out so do not expect anything for at least eighteen month or two year period , but the shares should rally strongly when the market knows for sure Nobles total commitment to the Falklands,and Argos is seen as an active share. We have a chance to shape and control are destiny, have faith , work hard and we will prove as when we exited the ERM all those years ago, we came out of recession and became one of the strongest nations in the world.

I totally understand to anguish of shareholders since the float in 2010 , but this is not the time to feel downtrodden , quite the opposite,, Argos thought they were within a month of drilling a month later of knowing whether Rhea was a find then the Erik Raude was found totally environmentally a total liability , Argos and Noble have had to restructure the licence the annual payment to Argos and also find another rig , under a very exacting enviremont namely oil at 27 , It takes time to restore all the original plans , patience is required for a little time longer is my opinion, people selling at these prices need their hands examined.

To reach the 50 p share price , the first uplift will be announcement of the extension, that will confirm Noble commitment and therefore add 10 p to the existing price, announcement of the drilling campaign wii add a further 25p to the share price , and the run up to drilling Rhea another 10p to 20 p which adds up to 50 p ,. Striking oil will obviously take this to another plain and production will take this share into orbit. No dilution along the way is the key. A nice scenario lets hope it happens , it has every chance of achieving this as long as POO stays stable.

There is a lot happening behind the scenes at the moment , I e licence extension , recruiting a new rig and plan a new drilling campaign, all this takes time and patience for us the shareholders, but one great thing for all FI oilies the POO is now over 52 . Once the licence agreement is signed , Noble are in for the long term and will drill and will produce on one of the three potential wells . Not forgetting PMO and RHK , they will want to appraise Isobel ASAP . Huge potential here, patience will triumph.

Just hot off the press the FIG have just released a new productive Licence extension,guidance for June 2016, all with new documentation with regards all the new licences. To be honest I have not been able to download the info but it has come up on Rockhopper II Bulletin board . This has to be clarified by Argos and Noble but proves that they have every intention of committing to a drilling campaign, something that has deflated the share price since March when there were all sorts of scaremongering about Noble s committnet.

I agree the is no delay in renewing the licence, my point being that they might be agreeing more than just PL001. I also agree there is a lot going on behind the scenes and as Falklandinvestor says it will not be long before we are way above the current share price, note Argos have not benefited in anyway so far to the increase POO, like PMO and RHk so when licence renew is announced this share is incredibly cheap .

I do agree that the delay in renewing the licence might be due to the fact Argos and Noble are negotiating with RKH the northern licence above PLOOI when the area in question was examined with 3D seismic two years ago. Also the FIG have indicated that they are prepared to be more commercial in terms of Taxes etc due to the current market conditions. We have plenty of time before the November renewal date. The FIG also alerted to the fact that there will no new drilling within their current tax year, so it is in line with the train of thought that Noble will start drilling in the second half of 2017 , plenty of time to offload 25 per cent of costs with another American company. With POO stablishing at around 50 it should be easier to not only fund the drilling campaign but also future production , with or without PMO and RKH.

Brent finished 50.09 for the week , hopefully next week POO will consolidate over the magic figure ,which will encourage oil companies to look at easy licences to produce oil. Argentina threat has disappeared towards the whole falkland oil industry and see the potential is to do business rather than the old regime. News on licence renewal imminent, governments work at snails pace !!

I meant drilling this time next year , as it will take six months to hire the rig and then do all the H and S checks. I agree that Noble will share the rig with RKH and PMO to appraise Isobel again. If one of the drills Rhea , Helois. Or Kratos are successful they will have time to look at a production programme whilst PMO are doing Isobel. However they will have to go back to the preferred drill site to fully appraise the find , that hopefully can be done by the same rig. During this time the share price of Argos will not be 4.25 p.

Brilliant, should hear about new licence extension shortly , and the announcement of a new drilling campaign early next year. We will move from a dormant stock to an extremely active stock shortly.

Interesting RNS this morning that implies Isobel was not,the huge find they originally thought, however I agree with various comments that they are giving little away for fear of a takeover or further dilution before they and PMO find a partner to fund the production. Argos have a free carry and now have the prospect of a multiple drill with no fear of dilution from fundraising during the production phase, how Rockhopper must envy Argos position.

Not long before this is all agreed with FI govt, these shares will have huge uplift from that news alone.

With the current dialogue with Argentina, investors will soon see the Falkland environment will seem very attractive compared to Fracking and war torn areas of the the Middle East. It will not be long now , plus Noble and Argos extension of the licence under way plus looking for rigs for 2017.

I agree with most of Falkys sentiments, but we still have to secure the licence extension to make the city know Noble mean business , we know it is a long process and will take time. It is only a formality but investors will shy away until that is nailed down. Meanwhile securing a rig and making contingencies for certainly three wells is now on the agenda, although I would not be surprised to see a 25 per cent American partner come in to share the costs and ultamely the production costs. As Falky has said no rights issue for Argos just steady news of licence extension , then rig update, then drill three wells , then hopeful find , then production. Imagine the share price after all those eventualities , and no dilution for Argos shareholders is the crucial,factor. The long term investors can look forward to a very good pension.

Luckyman thank you again very interesting exposure on the frailties of exactly how much spare capacity is out there and more to the piont how quickly it can be distributed . Also a view on Nigerias and Venezueula plight at present. All bodes well for the safe environment in the Falklands especially if the Argentina Govt want to do business .

Thanks Falklandinvestor, very good news, as I think everyone suspects we will soon be supplying Argentina with oil and probably more interestingly gas. If the POO of oil can breach 50 then the switch will be turned on .

Maybe securing the extension on the licence , lets hope so. Share price starting to gain momentum and POO remaining steady.