Member Info for Tuggy

Argos have done an amazing deal for shareholders, giving away operating rights means they do not have to go the market to raise any money as they would have done if they retained say 20 percent , the dilution would be huge and difficult to raise .This way our acreage is being drilled with what Noble top woman called humongous , they would not be doing this if they were not sure of another Sealion .The share price in August will not be 6p especially when all shareholders get 5 percent royalty on gross for all the oil for the period of between 15 to 20 years . The Market is about to realise this. This has not been very well explained by Cenkos the brokers who put the value at 17 pence.