Member Info for Tuggy

Ha ha

Oil down to 48 and PMO down to 60 and RKH to 13.
It will pass as the worlds market makers make hay and PMO shooters get their money back.
Do not sell. By the way there are two guys at Argos who are in their late forties so they are not all fossils. Stay calm.

Dear Cyan
Thank you for your very well researched info re Argos prospects ,I a slightly at a loss why you remain so determined in pointing out the so called defiance’s of the licence , if as you point out the drilling of Chatham had not been so disastrous Noble would have gone on to drill Rhea, and I know for a fact they were very excited about the prospect, hence why their is considerable interest again .Cos percentages are only a quide and are not always that accurate.
I appreciate your point of view and strict reference to past disclosures by Argos , but then again they have to release information very much by the book, and hence where the BOD are reluctant to over egg the basic facts before them.

Cyan, I totally agree with you how the companies are separate, and also agree with Nigoil with regard the Chatham and Tyce fields flow into PL001 territory and the Johnson field is one third in that same licence so in effect there is considerable value even before the drilling of Rhea which is only 3 kms from Sea Lion.

Probably did not make it that clear in my last post, that the same people Thomson plus others front both fishing business and the oil business and of course parcels of land in and around Stanley.
One thing they will not do is give the licence or go bust.

Cyan in response to your input, of course the businesses are separate , oil, fishing and property all I am stating as fact because I actually know the people involved that their collective influence counts for an awful lot and they are considered in very high regard within the Falkland people and have been very much the driving force to bring the oil business to the region.
John Hogan fronted Lasmo back in the nineties and said to me personally he has come out retirement just to see the oil to flow from the region.
There are all sorts of scenarios which could happen , been rest assured we are at a pivotal point of negotiations which in my humble opinion will bear fruit.

I have read Cyan rather gloomy outlook and can see the obvious question is essentially sanctioning is crucial for RKH and PMO as the latter have planned for years FI is the preferred long term project , so if it does not happen Navitas will not farm in to help finance SL.
However I think Argos will survive if the SeaLion discovery is bought by a larger British company who can easily afford the production expenses, Rhea and the three other prospects are owned by a company who has been in the FI for a long long time and of course have a very successful fishing business and property interests on the island itself, so they will be justified in passing all their expertise to the new incumbent for a 5 per cent royalty payment of production income , rather than the embarrassment to all involved to withdraw the licence on a whim.
However if RKH and PMO do not deliver they will be shown the door I fear.
Realistically we should all be optimistic in their endeavours bearing fruit, the market will settle down soon, the Zama deal sorted and oil back to 55 dollars to allow PMO to pay down its debt and proceed with Phase 1 of Sea Lion.

My belief is that the company involved namely Navitas would have the opportunity to own the adjoining acreage to SeaLion for practically nothing as Argos are only concerned with future income for existing shareholders as reward for exploring and ultimately producing oil alongside SL.
It would also help pay the costs for their share of Sea Lion overhead with their own income stream.
The current oil price does not matter that much thankfully as we are looking four years away from first production which has a twenty year span.
The reward for Argos will be the in the obvious share price increase during the next year but also the future royalty payment will reward existing shareholders with no risk of dilution, in effect a perfect pension plan.
That’s my theory anyway for what it’s worth , I am sure someone will disagree , but I have been with this company since day one and hold the BOD in the highest esteem and know they doing everything possible the get a deal done.

The above at work typically AIM

Of course this is my opinion so as you always say DYOR, however sanctioning is important so all parties concerned have a lot to loose , however with the new impotence of a new GB government wanting a new territory the chances are certainly better than early December.

The RKH disposal of Epyptian asset significant due to their Israeli tie up and the fact they are based in Houston and Noble heavily involved in the Middle East, makes this farm in with PMO and RKH on Sea Lion sanction an easy gateway to have their own acreage which allows them to have a relatively cheap entree in PL001
No dilution for Argos and a huge potential royalty payment yearly which will make the value of the shares rocket.
Rhea will be drilled and maybe the other three prospects.
It is going to be as exciting as ten years ago.

Note Navitas based in Houston ring any bells , I think we shall hear soon an explanation to our huge advantage

Someone is slowly accumulating shares which are small in circulation, however I have a hunch we have secured a partner to drill Rhea, and an idea of who that is but I shall keep that to myself for now as sanctioning of SL not far away, and all will come apparent then, but I am very optimistic GB want this source of energy independent of outside influences, to the great envy of Germany and France especially.

On the RKH LSE BB I failed to mention

A lot of comment regarding Rhea and Chatham fields on Argos acreage and acknowledge the probabilities of the above mentioned being drilled.also mention of the small Tyce field linked to Chatham on RKH acreage.
I think we will hear news soon, I would not want to be out of this share or the Falkland now, as it is really nearly make or break time for all concerned and I am quietly optimistic especially we are now out of Europe and need another source of energy solely owned by GB

I think the market makers are at work !,,,

When Argos announced the renewal of the licence one of the conditions was a commitment to drill Rhea which is only 3 Km from SeaLion.
With Navatis having strong ties to Noble , I suspect that they will announce sanctioning 1 st phase SL they will also announce a similar royalty deal with Argos which allows 100 percent ownership but also a commitment to drill Rhea when the appraisal rig has a rest period for a month , fully funded and hence no dilution to existing shareholders.
If this is the case and I strongly suspect it is this share will be more than just a multibagger, however there are quite a few twists and turns before this assumption , however someone is slowing accumulating shares as a friend bought a large amount in the last few days and as Falklandinvestor says they were shown as sells !!!!.

Thanks Nigoil, I have replied on Argos board but the bottom line is the involvement of Noble is more than interesting and does explain How and why Navitis are now in partnership and why I now think this tie up could work for RKH and for me as I have much more financial interest in Argos . Maybe Nigoil might get less grief from the normal doomsters , who I find very boring especially when they have no constructive opinion. Well done Nigoil .

Thank you Nigoil for your post and confess I had not investigated fully Navitis and overlooked their involvement in Delek and Noble and the Levithain liquid gas field at present suspended from activity due to environmental issues, however it would explain how they have got interested in FI
Also what is more than interesting is the Noble tie up as they gave up there interest in Argos last year but I still think they have unfinished business and may have been pushed to get out when ENI announced they were internationally up for sale.
This could be the final price in jigsaw, and thanks for Nigoil for bringing this on this board.

Sorry for my absence during the recent news and uplift of Argos shares, I have been away and unable to take part in discussion in the last two weeks, all good news for shareholders of Argos but slightly apprehensive on the Navatis tie up with RKHand PMO as they are a relatively new company with limited funds, however anything which can motivate sanction is welcome , but what is clear is that the market is now realising Argos potential and possible options.
I will have more time to comment further next week , and thank you Winger for your kind words.