Member Info for Tuggy

Maybe investors are realising the distinct possibility of any success on Rhea will then be followed up by an appraisal drill nearby to further evaluate the more exacting elements of the find . I think at that point Noble will know what the future potential of further finds and maybe wish to buyout Argos with a full and final payment rather than the agreed 5 per cent royalty due on any gross production which will cost Noble huge amounts. All of this is subject to not only success on Rhea and probably a second drill and of course the price of oil , but from an investors point of view the Market Cap will be worth considerably more than £13 million. Seven times that figure would be realistic and a complete takeover considerably more. Remember these shares are not going to be diluted in anyway during the lifetime of the company, a huge plus for existing shareholders and of course new investors. Either way it is take the money and run this time next year or receive a huge pension for the next twenty years, not a bad sceniero but of course we have be successful with Rhea, lets hope and pray.

48.92 great rise before weekend

47.02 hurrah

46.05

Up to 45.84 at 4 pm

Yes of course the deal has been agreed and passed by both sets of shareholders and a commitment to drill Rhea after Chatham and a further drill at Isobel around the end of October , taking approx a month drill. They pay Argos 2.75 million and a further £800000 per year for the privilege. They can then drill on all 52 prospects if they wish, all paid for by Noble.No dilution no raising money just the hope Rhea is a success and we are away.

Price up to 6.75 and oil up to 44.55 as we speak. The more relevant question with this share is assuming Rhea is a success the price will hopefully go up on the news,we then have to wait until they do another appraisal well later in 2016 to finalise plans for production a further three years down the line , meanwhile are we going to wait en masse to get our 5per cent royalty or sell our interest in its entirety at a considerable multiple to the share price say in nine months time. Either way what a perfect time to get in when the price is so low. No finding funds like Folg or dilution like PMO and RHK . Noble in my opinion will takeover at some stage the ultimate production programme in the Falklands it is only a question of time . Rhea is all important of course to all Argos investors , but two out of two is pretty good and awaiting Humpy in a months time.

The reason for the delay on Humpback is the appalling weather and the ER having to reposition itself when the weather becomes too bad. We are all very hopeful of success down south but it has delay us by a month so I reckon end of October. We are all in the same boat with the Oil price , but I still maintain Noble will takeover the operations in the Falklands when it comes to production . Lets hope and pray a relay in the oil price and another find in the SFB. We will be the new North Sea make my words.

Someone knows this share is an absolute steal, we should see a recovery shortly, good weekend .

As I have said on many occasions if hea comes in Noble will press ahead with production as long as the price of oil does not go down to the thirties as than it becomes unrealistic for even American companies ,however I have always said Noble will be the first into production as Rockhopper picked the wrong partner to go into business with and that is why the whole Falklands project is so hammered by the markets. However when Rhea is drilled then it is probable they will invite RKH and PMO and Folk to help with production costs etc but they will be running the show. Meanwhile Argos will undoubtably gain from Noble continued drilling PLOOI and receive huge royalty s along the way for at least 20 years. Share price at that time will be reflected by the enormous cash flow. If Oil can stay above 45 and we hit oil in three months time , all this will be worth the long wait since 2010.

My thoughts exactly

I think they hope to drill mid autumn and of course subject to the price oil not decreasing any further a price of 12 p is easily achievable and of course the result of Humpback and more importantly Chatham which is acknowledged by Rockhopper as attached to our own field Tcyche. The hype up to the drill will be dependent all sorts of factors , but if Rhea is remotely successful at excess of 334 mmb the price should put the company at a market cap of £ 185 million minimum, at present the market cap is £14 million, so in effect the price should be about 80pence and then of course Noble will devour the rest of the 52 prospects on offer, especially when they do not have to pay anymore for any discoveries just pay for the drilling and the production. Argos of course do not have to go cap in hand to the institutions to raise a brass farthing something RKH and Fogl will have to do to keep them in the game , and that means further dilutions . Something Argos do not have to worry about, the 219 million shares will remain totally undiluted and prove to be a cash cow , which will atTract all sorts of investors. Exciting times.

I wholeheartedly accept King 999 explanation and thank him for admitting his mistake, thank you. However far from ramping the stock I have admitted the price is down and others in the Falklands due to the current oil price, which I share the opinion with many others that it is short term and be back to around 65 by October. Argos are drilling in the Autumn the Rhea prospect and happily admit we need to be successful for the share to recover, but surely any idiot realises that having found the oil , this share is going to fly, no further money to find just the royalty payment on gross revenues in about 3 to 4 years, which make the company a huge cash cow. Do your own research but when all this comes to boil in October don't say I didn't tell you.

I think you are treading on quite deep water here my friend and suggest you retract some of your bizarre comments, you have been a pain in the arse for months , just sell up and disappear. You are either drunk or in a dilemma with some of your investments, but it does not allow you to spout such untrue statements on this board . There has been a sell by non ex for £15000 worth of shares and a transfer of shares within the main board of directors which has to be noted by notice of directors. There has been a tiny amount of options taken up to take the number of shares from 218500 to 219300 . Please get your facts straight ,and do everyone a favour and sod off

The second quarter loss was actually attributed to costs involved in future markets not the actual viability of the business , they are a very water tight company who can withstand this type of market and have every capability of delivering the goods on Rhea.

I am afraid the oil price of 49.55 is the reason our shares have nosedived in the last weeks and of course the price of Noble in America as they announced a second loss of US dollar loss of 194 million . All things considered it could be worse , we could be in the throes of drilling whilst this latest Polictical mayhem develops , hopefully by October the Market will realise they have got their figures wrong and the price of oil will be back up to 65 . All oil shares are taking a hit , it could be a bloody site worse, keep the faith.

I have been posting since April this year as a matter of fact. In response to your rather short sighted onslaught on me and BOD , I will remind you all this vitriol in November. All the Falkland stocks are down due to the oil price and the lull in activity in the region , come October things will be quite different. Do not listen to all the doom and gloom merchants , we have had along journey since 2010 when Argos listed so it is pointless to complain at a time we are hopefully going to strike oil in precisely four months time. You can hang me out to dry if it is not a success and Noble hand back the licence , but not before. Have faith we will prevail, apart from the fact everyone on bloo dy holiday. Happy weekend and to you King 999!

Listening to some of Eegbvi comments on Falkland Oil and gas board I am glad he has not replicated the utter tripe he his saying on this board.I would personally invite him to sell his shares to me now to get rid of such badly informed and total rubbish he keeps producing . It does not help anyone when he accuses the board of all sorts of skulduggery , when in fact they have played an absolute blinder in getting Noble to drill and give us potentially fantastic returns in the future 20 years. So to answer the question , my quess prior to drill a price of 15 p to 20 p and in the event of Rhea success , the Market Cap must be in the region of £200 million , so in effect around a £1 come November. Then of course the production programme is put into place. Price of oil is crucial above 50 is needed, and in three years time predictions say 80 . Nothing is fail safe but Noble have a very impressive record in oil exploration. Roll on Novemember.

200,000 shares is hardly dilution , equates to around £15000 worth of shares. Rhea is a top prospect have no fear.

Finally the Royalty payment is Gross , excluding all costs in drilling and production . It is a well known formula in America which I gather is not well known in this country. But this is the deal Argos have cut .