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Look at noble Falklands energy site

Oil industry news in America 16 Oct

Noble announced a hour ago they are encouraged by the promising signs of the current drill, all good for Falkland Oilers. They would not be carrying the total cost of further drilling if they were not fairly certain of finding oil.

I stand corrected Shaggymac , you are right it is for the further drill not the overall acreage,but my point is that Folg have no more money and are at the mercy of Noble to be able to carry on the exploration, something Argos will not be required to do in the event of similar circumstances when drilling Rhea. Hence me banging on about the deal being very forward thinking and a safe bet for existing shareholders.I see Oil over 50 again.

The RNS out on Humpback clearly states they have found oil and gas shows , but more depressing for the FOkg shareholders is the 35 per cent dilution they have had to relinquish to carry on the drill. My point is as I have said over and over again this is the reason the Argos BOD have done a very clever deal in allowing Noble total discretion over the licence meaning no further costs and no dilution . I know what company I want to have shares in . This delay does mean Rhea will not be drilled until new year but one month more to wait . Not long .

Up 2 bucks which represents nearly 6 per cent up and a Market Cap over 15 Billion US , could news of Humpback be leaking ? , although all other US oil stocks are going up in tandem . All good news. This share is going to fly in the next six weeks, But that is only my opinion I do not want to be posted as the constant ramper , but when I believe in something I find it hard to not excited and also believe all the shareholders need a break !!!!

53.12 end of play today, Humpback due any time and PMO gaining so at least it's Market Cap looks slightly better.2016 is going to be such an exciting time !!!!!

PMO up over 10 per cent ,on the oil price recovery, and all other Falkland co up, now is the time to buy this share, three months away from spud ding well.

52.68

51.88

Oil now 51.37, Noble steaming along up nearly 4per cent ,all other Falkland like us are down , rather bizarre !

Oil over 50 , you could be right on January 2016 if the ER continues any further delays, Noble up 6 per cent this week. Great time to buy at these prices!!!!!

Because of the huge delay on Humpback , drilling will not start until beginning of December I reckon , but more importantly is the collapse of PMO and RKH share price. PMO are scaling back any further investment in the Falklands and are under scrutiny of a takeover themselves, but who would want to buy into 2.5 billion debt. The only way forward and I keep shouting this message from the rooftops is that the only way the Falklands oil is going to be produced is by the Americans and they are going to do that with Rhea and Argos in the coming months. To be honest it would be good to have the equation for shareholders on the 5 per cent ORRI but because of the uncertain oil price it would be foolish to publish any form of statistic at this stage. Noble are very bullish on Rhea and my premonition for Humpback , a bit of a curates egg!!!!!!!

Good answer Worddog

Fair comment EEGbvi but I am sure Argos would not have gone into this agreement without sorting out the length of licence available if they are successful with Rhea. One thing is cast iron is the Licence reverts back to Argos if Noble find no oil, something heaven forbid will not be the case. In all probability Noble will not leave the Licence without conducting more than one drill anyway as they have the whole area under 100 per cent control. Having said that I would agree with the wish for the BOD to release a general statistic as to how each shareholder can evaluate their individual value of their shares. I think that would encourage not only existing shareholders but new investors, especially when we know the value of the shares are not going to be subject to any dilution, a key fact in the future of all the Oil companies in the Falklands.

I have never heard the most stupid post on this board in my life, are you a Corbyn supporter or the most monstrously ill informed investor. We would not be here without the so called management, do you not read the papers ,or follow the news, we are so lucky to get this chance to find our Oil , and it is all down to the tenacity of the BOD not to sell out to RKH for tuppence, they hung on till they found they partner who can find the oil and produce it something no other company in the Falklands has yet accomplished, I rest my case.

I still think we should drill before the end of the year and as wordog say s the weather will be much better their Summer and also give time for Oil price to stabilise , meanwhile lets hope we have some definitive explanation as to exactly how much per share the ORRI means in a form of dividend and for how long this will carry , 20 years is what was muted earlier. However if Rhea is a huge success and the follow up appraisal well later on in 2016 , it is then when Noble will decide to go into production in 2019/2020 and who knows will they decide to honour the ORRI or offer Argos an irresistible offer to take them out completely !!!!!!!

As I said yesterday , having only just completed the deal , it would be a little presumptuous to give figures of that nature before now. Be patient and I am sure we will be given the whole run down in the next week or so. Awaiting Humpy news and location of next drill!!!!!

I was never the greatest speller. Hope tomorrows market is better than today's!!!!!

Give them a little time they only announced the completion this morning but I hope it follows shortly as I think it will not only put a lot of existing shareholders extreme comfort but more importantly new impotence to the share price. I see PMO and RHK shares being mangled at present something I thought might happen due to there inability in sanctioning SeaLion . All eyes will be on Noble, and once they drill which bit of oil will they produce first ,the one they own 100 per cent of course!!!!!