Member Info for wordog

Defenx PLC Q&A: 2015 Full Year Results, Developing Markets & a Good Start to 2016 http://www.***************************/defenx-plc-qa-2015-full-year-results-developing-markets-good-start-2016/412699986

c700% increase on all time high volume, we should see some momentum move into Monday. Some brokers targeting 270 here, personally I'll be happy with 200 in the mid term. Let's hope the windows mobile protection software performs as well as the Android

Bought some of these today after downloading the Android App, really nice piece of software and i believe the text to delete content function is a key selling point.

Mkt Cap 10.3mil Equity 5.8mil (of which 1.3mil cash) Turnover 4.5mil Profit 191,918 Not too bad, if not slightly over valued. Might dip in here.

Seem quite healthy, but although quite a simple observation, just went on the Apple App Store and there were no reviews for their IOS products. So I went on CNet, again no reviews, so I looked on Amazon, 2 reviews, both of which from the same source. Am I missing something? Are they targeting the commercial market?

What company in its right mind would charter a rig without a licence extension. One step at a time I think..

Nothing new in the RNS really, shouldn't change anything.

It might be a fair wait but I'm convinced this delay works in favour of Arg, multi well campaign on the horizon IMO.

Could be a delayed trade, could be nothing!

Read the last RNS mate, NBL still committed but will take longer and need permissions to extend licence from FIG, which I hope shouldn't be an issue given the circumstances and oil market climate. So NBL will be coming back at some point, maybe not for a while but i think we may see a multi well campaign on the ARG acreage.

I honestly think that this delay has become an opportunity for Arg, and this isn't just the rose tinted glasses opinion. I can envisage Noble returning with a new rig contract (as they have stated their intent) and drilling more than one well in Arg acreage. Normally I would sell these in any other circumstance, but happy to hold and average down until they announce the news.

Depends if it will be one or more. I was hoping for 10p this time around

Imagine what a multi target drilling campaign would do to the share price!

And I think that's the key, if Noble mobilise a rig they will wish to drill more than one well that's for sure. Where exactly and with whom we don't know. But one thing I know for sure is that if I was Noble it will be a hell of a lot cheaper and less risky drilling multiple targets in Argos acreage which has cost you peanuts.

A new farm out agreement? Please tell me more..... "Noble intends to apply to the Falkland Islands Government for an extension to the current phase of the license, Argos said. The license requires the drilling of a commitment well to move to the next phase." "A new participation agreement between the parties to reflect the various changes created as a consequence of Force Majeure will replace the Farmout Agreement."

Interesting to see what this means for BOR.

Tuggy, I presume this is your opinion? Just can't see any information supporting your claims. I would have thought that any mod/demob costs of a new rig would offset any reduced cost unless there was a wider drilling programme - its a long way to move a rig for one or two drills.

Mkt Cap of $9mil. Is there much chance of a Noble buyout?

My money is on PMO cancelling the contract, fully abandoning Chatham and the rig moving to Rhea earlier than expected.

May I ask where this information has come from?