Member Info for Tuggy

There is a lot activity behind the scenes , and I think we will hear some news from Argos in the autumn , which will be good for us but not so good for PMO or RKH, the FIG are getting quite annoyed by the constant delays in sanctioning Sea Lion and are looking at alternatives, and that’s when Argos becomes important in those decisions.

Argos is owned one hundred per cent by the shareholders with massive potential 3 Kim’s away from SL , somehow I think a major might think that’s a better bet than forking out fortunes buying into PMO and RKH.

And Nigoil your delusional and for the record a complete prat. Over and out .

As I posted over six months ago, FIG and govt have given up on the current ownership and now allow the licence to run out and allow a new owner to fund and implement Sea Lion.
Argos Resources will be in the forefront of such negotiations mark my words, this is awful news I am afraid for holders of RKH but Moody has been filling his boots for too long , and the FIG are correctly fed up.

When I see you Nigoil banging on , I feel I need to talk some sense, you can be as rude as you like, but mark my words this share is going to be worth tuppence shortly, I don’t say I did not warn you.
However the will be a silver lining , for shareholders when the licence is taken out of RKH hands and some form of compensation is paid out or huge dilution to remain a side show partner.
No director buys , Moody has tried three hundred different oil companies along side Standard C and no bites, why pay RKH a penny when you can have the whole shooting match for nothing with the blessing of the FIG.

I agree with your analogy, but beg to say the FID is a desired project but not under the current ownership, unfortunately RKH went in with the wrong partner and is now so tied to PMO that is uncommercial for anyone else to partner this shambles. When the licence expires the whole region will come up for grabs , and the is a very important block three kilometres away from Sea Lion which will be used as a stalking horse to gain a foothold in the Falklands whilst the FIG finally loose patience with PMO and RKH and gift the licence to a company who will proceed with FID. and they are circling as we speak, and when you see TD being interviewed you can see the reality on his face.

You now can see the reason behind Noble abandonment of Argos, first half losses and recent shutdown
Of their Israel pipeline.
Exciting times ahead for Argos as they will be in the forefront of negotiations of the future of FI in the very near future.

No sanction no licence

This is my final post until the demise of this company , my final words your all rather second rate morons your all incapable of rationale chat . I give up.

As I have posted for months ,the licence is expiring and the big boys are circling to take this prized asset away from Premier and Rockhopper through non performance,
And I am not even going to mention the stock you should be buying so the big boys have access to the Falkland oil business
I still hope RKH come out of this with something but I have my doubts.
This is my opinion and hope is taken with the best intention.

Tuggy

If you read my posts over ten years ago you would find my posts,were all positive but as time goes by RKH have totally mismanaged a truly exciting oil find, I have a big investment in Argos going back nine years ago and hold a small number of shares in Rockhopper.
The reason for posting on this board is to put over a point of view and ultimately find a way for the Falklands oil collectively be a success,when one company namely RKH make a bad decision and have no realistic hope of success with PMO it is in my opinion time for another company to takeover the operation.
Argos in my humble would be a perfect fit for a large company to drill and start operations and take stock of the SeaLion situation at the same time, and also gain a licence one hundred per cent owned and cheap entry level.

I agree with the various posters who are rather sick of the rather bizarre comments by Ovets regarding well intentioned comments about the state of play at Rockhopper, which by all accounts is appalling due to the mess in Italy and Egypt and the failure ten years ago to secure a decent partner who had the immediate capability of financing Sea Lion after the price of oil recovered, however PMO is racked with debt, Catcher a success , Solan a failure, and only twenty five per cent equity in Zara.
The FIG are becoming very irritated by the non performance and will evidently look elsewhere for an alternative to realise their dream. The main point of all this conjecture is the length of licence, something Ovets seems forget, when extolling the virtues Rockhopper, when in fact they are running out of money fast.

Don't you get it everyone no one wants to do a deal with PMO due to their debt, the FIG want someone new and it does not need a genius to work out three contenders one of which was a early contender alongside PMO, however Rothchilds persaused the Institutions to back PMO due totally to money.

I am sorry you seem to be incapable of accepting other people's view point , however if you have the time find out how many institutional investors back this share, it is predominately PI switch little or no knowledge hoping for a repeat of the good days ten years ago, I wish I were wrong as I enjoyed the ride . Mr Moody s cv does not exactly give one confidence to his ability running a oil company , and when he lost his two best Lieutenants the company has lost all compass. All is not lost in the Falklands and if you back the right horse there will be rewards.

My prediction on Argos was current with regards the extension of licence, my prediction on everything else is for you all to figure out . So long for now .

Interesting things happening on our adjoining licence which will effect Argos in a good way long term,

If you have an ear in the city, I think you will find the pathfinder bank has made no headway, equally the FIG have been extremely patient over ten years since the discovery and have the power to take away the licence if the likiehood of the project not proceeding ,and therefore given clean start to an alternative operator who is not saddled with huge debt to start with.PMO and RKH would probably compensated in some way for all the work they have done previously but it will be neglieable compared to beinG the actual operators.
This cannot be a surprise to any investor, Catcher is a success but Solan a disaster, and RKH investment in Italy and Eypht and complete disaster burning through all the money from selling out to PMO.
There is little upside left in this share, l wish I could be proved wrong because in the early years this was a potential goldmine but sadly they picked the wrong partner, simple as that.

I think questions are going to be raised shortly as to the licence PMO and RKH have left, because not only are they now unable to state proven reserves due to the time lapse but also the well documented inability of Standard Chartered to make any headway in securing any funding for the SeaLion project.
Mr Moody is in a very bad place and I am not sure how longer the status quo will last before this becomes public knowledge, however there are always vultures waiting on the wings to prize away a key asset for next to nothing, so essentially things do not look good short term but long term the Falklands project is going to happen except under different ownership.

I did say this was on the cards, earlier and some disputed my view, this share is going north from here .