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
cynic
- 23 Sep 2010 14:16
- 81 of 185
i have shorted both ARG and FOGL, but continue to hold RKH and DES though on a much reduced level from what i had a couple of days back
cynic
- 24 Sep 2010 12:14
- 83 of 185
just shorted some more at 60.5 ..... that's now quite sufficient, so fingers crossed that common sense takes over, which it has patently NOT done with FOGL!
halifax
- 24 Sep 2010 16:27
- 84 of 185
cynic moving against you.
cynic
- 24 Sep 2010 16:37
- 85 of 185
happy enough to stay put ..... indian ropes have a habit of collapsing, and even if i'm wrong this time, i can think of plenty of others where i have had a complete disaster .... shorting ARG will not be one of those
cynic
- 28 Sep 2010 15:24
- 86 of 185
closed my short here with sufficient profit to pay for one dinner at the Waterside + taxi home! ...... had a staggeringly good meal there on saturday for Beloved's b'day ...... bill was truly eye-watering, but nevertheless passed the acid test of us wanting to return
HARRYCAT
- 19 Oct 2010 09:31
- 87 of 185
Completely forgot about this one! There was money to be made on the bounce here, but sp now recovered.
HARRYCAT
- 04 Jan 2011 14:18
- 93 of 185
Time to start stockpiling ARG shares then?
Captguns
- 17 Jan 2011 11:47
- 95 of 185
markymar
- 17 Jan 2011 12:23
- 96 of 185
cielo
- 17 Jan 2011 12:30
- 97 of 185
Getting weak as the sells are taking over v buys, closing positions mos likely after the rise and MMs not letting sells on size online, Max was 3K @ 45 / 45.0p
markymar
- 05 Jul 2011 09:17
- 99 of 185