Member Info for Tuggy

May be slightly over optimistic , but the 3d seismic shows 10 billion on the upside , 10 per cent of that. Might not be too far off the mark. Still wondering why my trade has not come up , 41000 @ 7.87 p at 10.15 am . Small beer but still quite like to see it logged in the data. People have taken some profits from yesterday's rise, but soon this share will soon comprise of II and long term holders who wish not to day trade but hold on to an incredible investment.

Will be drilled straight afterChatham which is approx 5 km awayI think ,probably mid August Spud. I am rather mystified my earlier trade was confirmed at10.15 in Wiltshire and I am now inLondon and it has still not come up, surely not enough for MM to delay trade one their tactics to blunt the price.

Just bought another 41000 at the price of 7.87p. Thanks you sellers this is making it terribly easy to buy cheap. Your call. But I am in for the long term not playing Mickey Mouse games, of making a turn here and turn there, this is a serious opportunity to get in at the ground floor.

Even if they go for 3 to 4 wells that puts the total amount approaching 1 billion barrels. I am happy with that , then imagine the income of 5 per cent royalty on all that lot, anyone in the city of London would be scrabbling for shares at that point as no one else is going to give you that return on your money. This a PENSION of huge proportions which if extracted properly can be tax effienct as well.

Everyone can buy a nd sell shares when they wish ,but in this case the new deal makes it non sensical to not keep the shares you have bought and put them in the bottom drawer, as unlike all the other companies in the Falklands this is the only one that guareentees huge income once production starts. Come early autumn imagine the price Pre spud of rhea, then success and new target drills Helois and Kratos same size as Rhea. Sky's the limit , but why sell any shares at this Mickey Mouse price.

This share did not receive the reception it deserved this time last week, finally all the doom merchants have gone. Remember there are very few shares available , because of no dilution the value of the knowledge that we will know by early September is now being shown in the rise, this share has been ripped apart for the last year and its true price should be back to the 30 to 40 mark even with the uncertainty on the success of Rhea. The Yanks have a fantastic record of success and more to the point get the oil into production, something which is still not on the cards with all the other falkland companies, they are trapped by PMO inability of financing the project into production stage. Noble and Edison have no such problem and will proceed nevertheless . This is not just a punt it is reality at last.

Someone who now understands the fundamentals and structure of the potential deal and like me , thinks that Rhea will not be the only drill and points out the outrage returns for shareholders. Imagine this share after the Rhea drill hopefully comes in , with no dilution during any period of drilling in future no production costs , you have a company with an massive income and just the same shareholders before, and as Captain Pedant has pointed out the return on investment is huge ,so people will in effect buying the shares for an income or a final settlement from Noble once they have realised how much they can get out the ground. The figures are based on only a tiny amount of the perceived quantity the 3d seismic suggests. Don't forget Chatham , Tcyhe , and 30 per cent of Johnson . Edison are Gas experts.

500000 buy early days trading , this share is only going one way. And they have yet to meet the city boys to explain the nuts and bolts of the deal ,then this share will be back to its opening price back in 2010 or more.

They have not been diluted, going nuts!!!!!

An error in the last post is that the shareholders have been diluted. The beauty of this board is you can respond to ones mistakes. I have been only posting for one week but been a Shareholder from day one October 2010 and remain adamant this company wil deliver huge returns.

Having read the article in The Sunday telegraph today, it is a surprise Noble involvement was not even mentioned, so it was obviusily a Rockhopper PR exercise to make the point that The Falklands is about to Happen but disgruntled to extent that they know Argos has stolen a march on them in partnering an American company who now have total control of their own production once they have drilled Rhea. What is paramount in this whole campaign,is that all the companies come together to make the Falkland a replica of North Sea. What people are missing out on is the huge potential of the shares of Argos , floated in 2010 at 31 p went to 65 p then the general decline due to no activity and then the amazing 3dSeismic and then the Oil price decline. Now we have a proper operator to drill and produce what would the price be now back in 2010 , £ 2 . It is still a mystery the relevant ions of last weeks Farm in was not shown in the share price, imagine they find oil drilling Rhea the shareholders which have been diluted , will then start to get an annual royalty payment of £250000 per year for owning 1per cent of the company AND this will carry on for 20 years . Do you think they will carry on paying those sums especially when that is based on 200 million barrels been found , half of what Rhea alone has. The final part of the jigsaw for Argos Shareholders will be a final settlement in one final payment , the monies involved are unamginable but something the other companies Rockhopper or Folg do not offer.

With Yanks firmly on board this pathetic attempt is just another ruse from Kirchner, lets be assured before endorsing any commitment in Falklands they would have had to get the OK from the powers above. What week , a feeling of real achievement in at last running with the big boys, and the share price is only going in one direction, even Kirchner realises its hopeless , an attorney in some backwater, it's pathetic really.

I did alert that Argos was not going to rest on their laurels and just rely on the yearly royalty payments, with a major player now as a partner they can utilise the huge knowledge and completed 3d seismic to gain further territory. Now the have the backing , watch this company gain in value massively. The whole weeks events are now unravelling to the fact that Argos have got a most amazing deal and the share price is only going to go one way .

At last people realising the clever deal the Argos men have fulled off, much more mileage in this share ,imagine the price on the eve of the Rhea drill or even earlier when Rocky drill Chatham literally a kilometre away from argos own Tyche field which has been acknowledged as linked.Great day for everyone, much more to come.

At last the penny has dropped that this deal is a winner and at this price a no brainer , even on the down side of Rhea being a duster I don't think Noble will walk away from the licence, they will have another crack at Helios and Kratos before they relinquish the licence back to Argos who meanwhile will be gathering forces on their 3dseismic north of PL001. I am pleased for all the hard work of the board of directors who have had to endure all sorts of unpleasantries like School fees etc, totally riduculous plus the cost of using a high powered Bank to make this happen . We all owe them a great debt of thanks.

Slowly but surely the penny will drop with investors, Salida a Canadain outfit and JP Morgan are pretty heavy duty players and would not be still in this if they were not confident of success. Unlike all the other NF companies the large proportion of shareholders are IIs and there will be no share dilution . What will the price be I wonder 30 days into the drill of Rhea in August/September, not 6.5p!!!!!!!!!

Argos have no intention of delisting as for a start the IIs would not like it and also when they finally get round do something with all their seismic work outside the licence which again is a huge asset. Argos might have become a cash cow by September but has so much potential a delisting is not on their agenda. I should think they will be speaking to the analysts next about the current share price!!!!!!

I meant producing the oil not drilling sorry

He has been wrong on a few things but right on the fundamentals ,essentially Argos is at present the most logical choice of share to have in the Falklands campaign , maybe not at 50 p but at 6 p this is a joke . Rockhopper will find it very difficult to raise their bounty for the production side , and will in turn allow further delay from PMO Argos has no problem we will be drilling well before anyone else and the share price of a royalty stock will be sky high

The other key component of this deal is that their will be no dilution of shares and in the event of a successful drill on Rhea, they will not stop there, and their is a small question of the Rockhopper Drill of Chatham which is acknowledged to be attached to Argos !s Tyche well.So if Chatham comes in and we already have a third of Johnson the share value would be considerably more even before the Noble drill of Rhea. Helios and Kratos are also key in the Argos acreage. The Royalty gross payment a normal event in America is paid to Shareholders yearly. So for example anyone with 500000 shares would get approx £60000 pounds per year assuming they produce 50000 barrels a day over a period of 10 to 20 years. That 500000 amounts to £30000 investment plus your undiluted shares which will be valued by that time by the income it produces. Noble are no mugs and have a history of not hanging about going into production so 2019 would be the earliest . The key is by August we will know the result, who knows they might drill another if they even have oils shows as they did back in the nineties. John Hogan mD of Argos who was with the drilling company during that period came out of retirement to get that oil, OIl is likes whales their is always more than one.