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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


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

markymar - 24 Sep 2010 11:16 - 82 of 185

This will come down with a bang, i have sold all my holding, it hasent even done 3D its a crazy price its not worth 132 million just on 2D.

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.

markymar - 19 Oct 2010 09:45 - 88 of 185

What I was thinking here was that the OG will still be in the Falklands when they want to use it but will they get a borrow it is the question.

If Desire hits oil then I would think another rig will have to come to the Falklands one for RKH and one for Desire so they can both carry on drilling.

markymar - 21 Oct 2010 11:49 - 89 of 185

Good to see theym are sharing and keeping cost down.

Argos and Rockhopper sign up Polarcus to carry out Falklands survey

Falkland Islands oil explorer Argos Resources (LON:ARG) has signed a contract for marine seismic acquisition services with Polarcus.

It will carry out a substantial 3D seismic survey covering all of the Argos acreage in licence PL001, as well as adjacent areas.

The seismic vessel MV Polarcus Asima will be available by early January next year and it is estimated the survey will take 50 days.

Proactiveinvestors recommends
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A separate contract to process the acquired data will will be put out to tender shortly.

However, Monarch Geophysical Services has been retained to provide specialist acquisition and processing supervision throughout the 3D seismic project.

Argos chairman Ian Thomson said: At the time of our listing in July we stated that it was our aim to secure a seismic vessel to commence shooting in the austral summer of late 2010/early 2011, allowing the possibility to commence exploration drilling as early as the fourth quarter of 2011.

Signing this contract secures the front end of this timetable. The MV Polarcus Asima is a state-of-the-art vessel which should ensure an efficient seismic acquisition programme.

We are also delighted to have been able to sign this contract in a co-operative arrangement with Rockhopper.

This allows both companies to share mobilisation and demobilisation costs and to capture the technical and cost efficiencies resulting from a larger programme.

As a result of these savings, I am pleased to note that Argos should be able to acquire more 3D coverage, over the whole of PL001 and adjacent areas, than originally envisaged at the time of listing.


markymar - 21 Oct 2010 14:50 - 90 of 185

http://www.diamondoffshore.com/ourFleet/rigStatus.php

October update

Ocean Guardian 1,500' Falkland Is.
Current Contract AGR/Desire/ Rockhopper Eight firm wells plus two remaining optional wells mid 240's mid Feb. 2010 late Jan. 2011

markymar - 10 Nov 2010 16:06 - 91 of 185

WTE holding Argos Resources Plc - 1,200,000

markymar - 04 Jan 2011 14:14 - 92 of 185

Argos Resources Limited, oil and gas exploration company, has announced that the MV Polarcus Asima seismic vessel is in transit to the Falkland Islands and is expected to arrive within the company's license area to commence 3D seismic acquisition in the first half of January 2011.
The Company plans to acquire 3D seismic data over the entire area of License PL001, and also intends to acquire additional 3D data in open acreage to the north of the license.
The seismic vessel has been contracted in a co-operative arrangement with Rockhopper Exploration plc, who are also participating with Argos in the 3D acquisition in the open acreage.
Commenting on this progress, Ian Thomson, Chairman of Argos, said: "Argos is on schedule to acquire 3D seismic over our license area in the austral summer weather window, allowing us the possibility to commence exploration drilling as early as the fourth quarter of 2011."

HARRYCAT - 04 Jan 2011 14:18 - 93 of 185

Time to start stockpiling ARG shares then?

markymar - 04 Jan 2011 14:59 - 94 of 185

I have a few at moment Harry and hope to continue topping up before result are know on the 3Dthere is lots of work to be done here but the prospects so far look quiet exciting especially with them so near to Sea Lion where RKH hit.


http://offshore.no/international/article/Falklands_seismic_to_start_

Argos has previously indicated, based on 2D seismic data, that its licence area contains seven prospects and five leads with a total unrisked potential of up to 747 million barrels of prospective recoverable resource, and up to 1.75 billion barrels in an upside case

Captguns - 17 Jan 2011 11:47 - 95 of 185

Slide 11 and zoom in 3D seismic pre plot

http://www.polarcus.com/assets/0000/1209/Polarcus_Company_Presentation_SEB_12_Jan.pdf

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 - 17 Jan 2011 14:18 - 98 of 185

Overlaid the 3D map from Polarcus with the NFB prospect/license map and you can now see where the 3D is being done in relation to the targets.

markymar - 05 Jul 2011 09:17 - 99 of 185

http://www.proactiveinvestors.co.uk/companies/news/30229/argos-resources-says-fast-tracked-3d-yields-encouraging-early-results-30229.html

Argos Resources says fast-tracked 3D yields encouraging early results

Been slowly building up a stake here when its been in its low 20s

markymar - 15 Jul 2011 11:26 - 100 of 185

Intresting trades going through.
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