Argos Resources Ltd is an AIM quoted oil and gas exploration company based in the Falkland Islands, ideally placed to make the most of an exciting new oil province heading towards production.

Argos holds a 100% interest in Licence PL001, which covers approximately 1,126 square kilometres in the North Falkland Basin. The licence boundary is just 3km from the Sea Lion oil field, a significant discovery on course for production start-up in 2017.

New 3D seismic data of excellent quality was acquired over the entire licence area in 2011 and has identified 52 prospects with a best estimate of 3,083 million barrels of prospective recoverable resource, and a high estimate of 10,412 million barrels. 40 additional leads have been identified which are not included in the above resource figures and which are the subject of ongoing work.

The Company is now seeking an exploration partner to drill a selection of key prospects to unlock the value of this exciting opportunity.

http://www.argosresources.com/
http://www.falklands-oil.com/
http://www.desireplc.co.uk/
http://www.rockhopperexploration.co.uk/

http://www.argosresources.com/docs/AIM-Admission-Document.pdf

The Opportunity
•Proven commercial petroleum system
•52 oil prospects, defined by excellent quality 3D seismic data
•CPR attributes 3.1 billion barrels of prospective recoverable resource to the prospects, with upside of 10.4 billion barrels
•40 additional leads identified and under review
•Several prospects similar to Sea Lion
•Prospects have been de-risked by the Sea Lion discovery
•Potential extension of Johnson gas discovery into licence
•Licence 100% owned by Argos Resources
•Benign operating environment
•Stable Government with a competitive tax regime

No reason for the rise Harry apart from the Johnson prospect and maybe a partner in tow.....early days

Hope Desire does the same soon as i have a boat load,still at a loss why this is up so much.

Might just be a case of 'no real reason for the sp to drop that far and that fast' and now just recovering lost ground? No complaints from me, though holding now until drilling starts.

More likely to do with Anadarko....(hope it's spelt like that )...and the possibility that they could be involved as well.....

http://www.proactiveinvestors.co.uk/columns/fox-davies-capital/8071/

Gravity defying Argos Resources (LON:ARG) continued its moon bound trip today, pushing another 20% higher to 22.75p during trading. This really is a puzzler, as the company said in a previous announcement “it won't proceed with a drilling campaign in the North Falkland Basin which was due to end in December, citing weak capital markets and the limited availability of the drilling rig. As the rig is leaving the region in December, Chairman Ian Thomson said the company had rejected the option of drilling only one well because it remained convinced of the value of the area and the merits of a more extensive drilling program. The firm expects to complete the work in the first half of 2012 before looking for an industry partner to help fund its drilling program.” This one will be a very interesting one to watch play out, as the RNS says clearly they want to look for funding partners.

sp is surely rising purely on the back of the possibility of an interested party looking over rkh rather than for logical and fundamental reasons

The sp is risig on the fact that the drilling campagn in the region (fogl/bor) has attracted worldwide interest with institutions already jumping on board. Arg remains at a reletively low price and when they get funding they and a rig on route the sp will take off to many times its current value. Even without its own sucessful drills a stike by Bor or fogl in the next 4 months will further raise the sp of arg

Profit taking today....stll do not understand why it went up the way it did.

Argos Resources: Your questions answered
By Stephen McDowell | Tue, 28/02/2012 - 11:54

Editor in Chief Stephen McDowell reports from Houston: Falklands player Argos Resources answers Interactive Investor user questions at the NAPE.

Argos Resources (ARG) is the quiet man of the Falklands Basin.

Less diluted than the others, with a different profile of shareholder, it sits aside from the seething excitement of Rockhopper (RKH) and its Sea Lion junior partner Desire (DES).

Answering one Interactive Investor user's questions, the firm’s spokesman, Peter Thomson, said: "Rockhopper’s Sea Lion is key for everyone in the Falklands basin. It’s world class as oil finds go."

Interactive Investor user question: What level of interest they are receiving with regard to ARG prospects, and as they are data sharing with RKH, whether people looking at RKH will also be able to learn more about ARG at this same expo event?

Thomson: “We have a different kind of shareholder though, quite different, ours tend to be much broader in outlook. Everyone is on a slow hold-of-breath awaiting the results of Rockhopper’s farm-out plans, it seems.

“The way the oil business works is that when you get one big company the others will follow. As for us - we had a fund raising in 2010 and raised £22 million so we are continuing to be drill-ready and happy. It is a lot about financing and finding partners. The Darwin spud in the South, owned by Borders and Southern (BOR), is another story in which the islands' entire industry is keenly eying.”

“No-one knows yet just how big it could be. It's serious wild-catting. The story, as far as Argos concerned is as much about the North Falklands Basin, as the single firm.

He concluded: "We talk to each other all the time, we sit ten feet away from each other mostly. There is a great deal of interest in the whole Falklands story. People think we are competitors but we regard ourselves as colleagues in the North Falklands project."

Argos Resources Limited (AIM: ARG.L), the Falkland Islands based explorationcompany focused on the North Falkland Basin, is pleased to announce its financial results for the year ended 31 December 2011.



Highlights



· Acquisition of 3D seismic data over the entire PL001 licence area was completed in April 2011 with further 3D data acquired in open acreage to the north of the licence through to mid-May



· Argos now has access to some 4,500 sq kms of high quality 3D seismic data covering most of the northern half of the North Falkland Basin



· The 3D data is the best quality seismic data that has been acquired in the basin to date and has transformed the Company's understanding of the prospectivity of its licence



· To date, a total of 28 stratigraphic and structural prospects have been mapped; further prospects may be added as detailed mapping continues



· Of 22 stratigraphic prospects, several bear close analogies to Sea Lion. The 6 structural prospects evident on the original 2D data have been confirmed by 3D data as robust closures



· 3D data quality over Johnson, a potential multi-TCF wet gas discovery by Shell which appears to extend into the Argos licence, is much improved. Extensive mapping and seismic modelling studies are underway



· The best estimate of unrisked prospective recoverable resource has been increased to 2.1 billion barrels, and to 7.3 billion barrels in the high case



· The Company's cash position is sufficient for its ongoing overheads

StockMarketWire.com
Argos Resources has issued 1,250,000 shares following the exercise of options by three directors.

The options were granted on 12 November 2009 prior to the company's admission to trading on AIM on 29 July 2010.

http://www.proactiveinvestors.co.uk/companies/news/45564/argos-resources-city-analyst-eyes-more-falkland-farm-outs-and-rig-news--45564.html

Argos Resources: City analyst eyes more Falkland farm-outs and rig news
1:30 pm by Jamie Ashcroft

28 August 2012


ARGOS RESOURCES LIMITED

("Argos" or "the Company")


2012 Interim Financial Results


Argos Resources Limited (AIM: ARG.L), the Falkland Islands based explorationcompany focused on the North Falkland Basin, is pleased to announce its interim financial results for the six months ended 30 June 2012.



Highlights

· With the final processed 3D seismic now available, ongoing work is identifying additional prospects and leads

· Best estimate of prospective recoverable oil resources, currently 2.1 billion barrels, is expected to increase

· A farmout programme seeking industry partners is under way

· Premier Oil's commitment to develop Sea Lion and undertake further exploration drilling is an endorsement of North Falkland Basin prospectivity and a major boost to its commerciality



Mr. Ian Thomson, Chairman of Argos, said:

"We are delighted with the early results of our 3D seismic with a best estimate 2.1 billion barrels of recoverable oil in 28 prospects, and upside of 7.3 billion barrels. Mapping of the 3D data continues and is identifying additional prospects and leads which we expect will add further to the resource potential of the licence.



Premier Oil's farm-in to the adjacent Sea Lion oil field and its commitment to develop the field is a significant milestone in the exploitation of the North Falkland Basin and a major step towards the commercialisation of discoveries.



Further exploration drilling is planned and we are extremely well placed to participate in this activity."

Nearly doubled in value in the last two months. Not bad for a company which hasn't yet done anything!

Your bang on the button there Harry,there still in the same starting blocks from 7 years ago.

There in no hurry,so no reason for price to rise as it has,when you go up a hill you come down one.

Up another 8% today. Looking for 40p and will then consider my options!

Result of Annual General Meeting

Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin, is pleased to announce that at the Annual General Meeting of the Company held in the Falkland Islands on 19 October 2012, all resolutions were duly passed by shareholders.

At the Annual General Meeting, Ian Thomson, Chairman of the Company, made the following statement:

"The Company has made significant progress in interpreting the substantial database of 3D seismic we have acquired and processed. The Competent Person's Report issued in October 2011 was based on fast-tracked processed data. We are now interpreting the final processed version of the seismic data which indicates that many of the existing prospects are larger than reported. In addition a significant number of new leads have been identified which do not fall within the scope of the existing CPR. These are in the process of being mapped in detail and high-graded.

A copy of the presentation to be delivered by John Hogan, Managing Director of the Company, is available on the Company's website - www.argosresources.com. In particular, the presentation highlights two specific examples of this new prospectivity. The first, Tyche, is potentially an extension of Rockhopper's Chatham prospect in the adjacent licence. The second, Big Metis, is a significant upgrade in the resource attributable to the prospect formerly known as Metis, which forms part of the Helios Stack and lies entirely within the Company's licence area.

The Company continues to seek an industry partner for exploration drilling and will issue an update in this regard at the appropriate time."

Video with Argos Resources (AIM-ARG)
John Hogan, Managing Director
AIM-quoted Argos Resources holds a production licence in the North Falkland Basin, adjacent to Sea Lion, the first commercial oil strike in the Falkland Islands.

Click the link below:
http://www.brrmedia.co.uk/event/106557/john-hogan-managing-director

ARG is now the most over-valued company in the Falklands - £55m market cap, with only $6m cash.

The bubble has burst and so will this SP

"most over-valued" is probably a bit of an exaggeration, but over-valued for sure .... as far as i remember, it really has no proper assets at all .... +/-10p might be fair value