Member Info for Tuggy

In exchange for 100 per cent drilling rights Argos will piggyback a drill on Rhea and that new company will either invest in production of SL or not , depends on sanctioning.

I am glad at last Argos is at last getting all this interest on this BB, I have been saying for quite some time how PLOOI is to the whole scheme of things , and I agree that Rhea is only three Km from SL and Chatham is already attached to Argos territory as well as a third of RKH Johnson field. Argos are cheap at present , a gamble , but one I would happily take.
The other Johnson is crucial to FID, as Corbyn would happily hand back to Argentina, not realising we are sitting on a new North Sea, 100 per cent owned by the British.

PMO are committed tomSea Lion make no mistake, therefore if they bring in another company to share costs they also could be in the frame in drilling the huge Sea Lion lookalike Rhea field, and have their own individual foothold in the Falklands, all very plausible and exciting, good to hear you FI

Note in this further extension they have to drill one well, which indicates they have a plan, something I commented on some weeks ago, we might finally be going places especially with PMO nearing sanctioning SL.

One thing for sure PMO will not get funding to sanction Sea Lion which has been identified as their core strategy for the next decade, shown by them offloading Zama, if Labour get power, they will hand back everything plus the Falkland Islands to Argentina, however the Tories see SL as a new North Sea and provide essential energy owned 100 per cent by the British Govt not EU.

We are all screwed if Corbyn gets in as Blooblood says he wants to give Falklands back to Argentina whereas Boris will get the money to sanction SL and then have an alternative source of energy when Brexit happens.

As I posted a couple of weeks ago a chance meeting with an ex premier Falklands man gave me renewed hope for sanctioning of SL for all sorts of reasons, however I am far more financially involved in Next door Argos , which will benefit from not only renewing their licence at the end of the week and the benefits of Premier getting this over the line, as my informant told me Sea Lion is the future of PMO.

I had a chance meeting with a recently retired Premier man closely linked to the Falklands and after a long chat I have to admit I have to change my earlier post some months ago that said sanctioning SeaLion is remote, only on two criteria one oil price stays above 45 and Boris Johnson remains in power, as he realises the importance of an alternative source of energy.

A chance meeting with quite an influential ex Premier oil man has given me renewed confidence in the Sea Lion sanction and the future value of Argos , should hear shortly of the licence extension.

I think Rockhopper tarred with the same brush , until news on Sea Lion what ever the oil price the FI oil companies will remain dormant, hopefully have news in the next eight weeks.

Argos have been in the falklands for nearly twenty five years, and is profitable and no debt, and if PMO and RHK had been more proactive Noble would still be on board, however the FIG are not going to strip the licence away when there is a lot of things happening behind the scenes
Hold and in my opinion shareholders will be rewarded in the long run.

The future farm in partner will presumably see Argos as an ideal entry to gain crucial territory in the run up to any development of the Sea Lion sanction, and act as a fall back if things a go wrong with PMO and RKH

The farm out by PMO on Sea Lion will make this share paramount in the future of whole scheme of things, in September I think we will have some positive news.
Also the share is rock bottom at present the 80000 buy was the start.

Shares suspended .........?

Obviously touched a nerve as normal Nigoil, you seem to be oblivious of the reality of the situation, I admire your devotion to Mr Moody but I assure you I know more than you on this matter, and also share your wish for the Falkland dream to happen but sometimes you have to think outside the box and face reality that PMO and RKH have hit a brick wall on funding .

I think Moody has tried to buy them on the cheap in the past and now has little cash or clout to offer Argos anything remotely interesting, the problem has always been PMO debt levels which rely totally on high price of oil to sustain substantial reductions in debt which is the lenders provacative at present.

Obviously RKH had to find some cash as all other assets namely Sea Lion and Ombrina Italy are both bogged down in delay and money sapping indecision .
Meanwhile with Alan Duncan gone from his position in the foreign office which never liked the FIG dream, Boris can now get a proper major player to take out Premier as senior player.
Argos would been seen as the realistic entry point to hold a potentially huge oil province on the doorstep 3 Kim’s away from Sea Lion
The market did not like RKH latest move, but could rescue themselves from the abyss if they started talking sensibly on an exit strategy, which would give back money to shareholders rather than management salaries.

At least someone else is realising what is about to happen
Boris will not allow thIs potential British asset go unfulfilled and will get a major player to come in and takeover the whole NFI using Argos as a cheap entry point with its own potential.

Boris will help reactivate the FI dream, but will be a completely new company taking over the whole basin, watch Argos .

Boris can now expediate the plan to make FI a self funding principality and providing long term oil for Britain , Argos will be in the forefront of the negotiations.