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

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)

hey ravy what's happened with that GBO you were pumping last week lad? You moved onto this sack now then?

I'll believe that when i see it.,.

Fisrt warning CR.

I left advfn to get away from parasites like you so if you continue then you
know what will happen.

Quite funny how you first few posts were all denial but now you are showing
your true colours.

ps...i hold all sorts of stocks, i still hold Spmg and Dcd and Cltv but rarely post on those threads, i still hold 50% of my Gbo, it's looking solid to me
with buys to match the sellers.

EVO target price for Argos Res 52p.

When compared to the likes of Desire Petroleum or even FOGL and BOR : it looks undervalued as these three have not exactly set the world alight with drilling results (BOR has yet to spud a well).....in the long term, after drilling its first well not so sure but for the moment the market cap is lot,....lot less than the others....and should react like the others to excellent Rockhopper flow tests.

Took a quick profit at 36p bid for 2p gain after charges.

Have to keep an eye on it though, they go nuts for these stocks when
they do find oil.

try IF!

This one up 6% also!!! (Marky, any chance of a chart in the header please?)

I have some of these...for the potential and low market cap compared to DES...

They would be up more if Novum let it go.

Strange but everytime a stock hits a price where Novum are offering
it takes a huge amount of buying to shift them.

They are the mm alone on 38p offer not budging on mostly buys.

This will play catch up because of a tiddler sp .....next week....starting now...

I reckon that next week will see the sp here climb....just on possible potential (if that's what you can call it)....

their licences are a long way away from the only proven oilfield of Sealion and if the shares are marketed by just a single MM, the chances of being treated fairly at all times are pretty slim

:-))

There's a lot of market makers in this stock cynic and it's extremely liquid, i was
making reference to the mm Novum who have a habit of sitting on the offer in a
lot of stocks with endless amounts of stock to sell, as it happens they did move
up a short while after my post, why sell for 38p when you can sell for higher when
the herd chase on momentum, refreshing this one is not a sets stock, thats why
i trade it, i hardly touch sets thesedays.

ah; thanks ..... it's on my watch list, but can't currently get very excited about its prospects, and i am always wary of MM only stocks as it's impossible to see any underlying orders

I actually prefer mm only stocks, L2 is all false and always will be but if you
check online limits regularly you will know the real positions of the mm's, sxx
was a good example, lots of shakes all bar one mm was very short of stock.