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

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

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

no problem getting a CFD.

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

From tips thread:

The Guardian

Argos barometer indicates possibility of a cold Christmas.

bb which Argos?

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

rf maybe bb is looking to become a toy boy!

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

No oil here.

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

To the article in the grauniad

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

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

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

Taken from ii . 14/9-1 Amerada 2590. 14/9-2 Amerada 2345 oil stains, in current Argos are, subsequent seismics show wells poorly positioned to hit reservoir target.

if i have read the RKH file correctly, the next wells/fields to be spudded (in 2011) are Jason, Fox and Stephens ..... it is worth noting that these are (just) to the EAST of the proven Sea Lion field and NOT to the north or to the west towards the Argos prospects .... to me, that indicates that RKH do not believe their holdings to N+W of Sea Lion are (particularly) strong contenders for riches

East of Sea Lion that would be cynic....... not Ernest.

quite right .... sorry chaps .... now corrected above

Online bid price is massive compared with the monitor bid.

They are showing 33-33.75p spread but bidding 33.61p online so there has
to be a large buy order.

Think i will take a small position at 33.75p..(edit bought 10k)