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Argos Resources (ARG)     

markymar - 27 Jul 2010 12:41

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

markymar - 09 Sep 2010 08:15 - 27 of 185

Des have only drilled one hole...............early days.....Desire found Gas in Liz.

That rig is not leaving the NFB in a hurry.....Fact!!!!!

Balerboy - 09 Sep 2010 08:37 - 28 of 185

chill marky...only putting another point of view... i want to make money as much as everyone else here.:))

robnickson - 09 Sep 2010 17:53 - 29 of 185

2 wells were drilled by Shell on the Argos acreage back in 1998, but where plugged and abandoned as uncommercial after having oil shows . So we know there is oil to be found.

cynic - 09 Sep 2010 17:59 - 30 of 185

only offered by 4 x MMs and in blocks of only 10,000
interestingly, sp is still below opening price when it came to market

robnickson - 09 Sep 2010 18:04 - 31 of 185

"Shell abandoned some small finds near the Sea Lion discovery " Would be nice to know how much they found ".

robnickson - 09 Sep 2010 18:06 - 32 of 185

I bought just a top up of 3000 shares the other day no problem ( Natwest )

cynic - 09 Sep 2010 18:08 - 33 of 185

my post is accurate! .... natwest would have had to buy from MMs, so sp potentially distorted and controlled

halifax - 09 Sep 2010 19:10 - 34 of 185

no problem getting a CFD.

cynic - 09 Sep 2010 19:41 - 35 of 185

i know that, but those are still governed by 4 x MMs in tranches of +/-3,000 .... merely a caveat

Balerboy - 10 Sep 2010 14:13 - 36 of 185

From tips thread:

The Guardian

Argos barometer indicates possibility of a cold Christmas.

halifax - 10 Sep 2010 16:13 - 37 of 185

bb which Argos?

required field - 10 Sep 2010 16:16 - 38 of 185

Could not find them in the catalogue anywhere...!?...strange.....loads of kettles...electrical goods...pick up or delivery .....bizarre.....but no oil....

halifax - 10 Sep 2010 16:17 - 39 of 185

rf maybe bb is looking to become a toy boy!

required field - 10 Sep 2010 16:19 - 40 of 185

I have always wanted to become one with some beauty.......you just hang around...great job with loads of perks....

skinny - 10 Sep 2010 16:20 - 41 of 185

No oil here.

required field - 10 Sep 2010 16:21 - 42 of 185

I've learnt not to click on things...what is that link ?, skinny ?...

skinny - 10 Sep 2010 16:22 - 43 of 185

To the article in the grauniad

required field - 10 Sep 2010 16:35 - 44 of 185

pardon ?.......which newspaper....the Guardian.....?...

skinny - 10 Sep 2010 16:48 - 45 of 185

Yes :-) just hover over the link and the address will show at the bottom of your screen.

Balerboy - 10 Sep 2010 18:34 - 46 of 185

ROFLOL.....got so much oil in my head thought they meant this lot......gave you something to laugh at.....silly b*gger.,.
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