Argos Resources Live Discussion

Live Discuss Polls Ratings
Page

eye_user 24 Apr 2015

Re: SP As Rpoodle quite rightly points out the Chatham drill is potentially key to farm down negotiations on SL, particularly for PMO. So what if after they have drilled the top sections the BOP is fixed. It would make more sense to drill on to TD at Chatham surely? Noble would probably like this too, could give some clues to Argos acreage and Rhea drill? PMO would like it. FOGL aren't paying for it anyway, so probably wouldn't mind.-----Intresting....

penguin14 24 Apr 2015

Re: SP 24/04/15: Just holding above 7p, not 8p ! Onwards and trying to hold !?

eye_user 22 Apr 2015

SP 8p is holding up well, just need to break the 9p resistance.Onwards and upwards

eye_user 20 Apr 2015

Re: New Foundation i am in,at these level if it come good ,lets see.gla----your posting history .... wonder what MM thinks about it?

NerveWreck 20 Apr 2015

Re: 40p I bought a ton of these in 2010 from 20p up to 41p - it was definitely a technical buy when it was in the low 40's in 2010I then sold out completely at 59-59.5 when it became obvious the highs were not going to hold.The stupid move was when I bought back in - and now hold at an average of 23 - ARG doesn't owe me anything on paper but it would be nice to recover that profit from 2010.

etadelete 20 Apr 2015

Re: New Foundation i am in,at these level if it come good ,lets see.gla

Captain Pedant 20 Apr 2015

Re: New Foundation I thinks Argos and RKH are both going to do well but are very different investments.RKH is a 'safe' bet. It has oil but is down due to lack of any firm timetable for FID and the oil price. If Isobel Deep is a hit I think it might actually help Argos more than RKH. It would simply be lined up behing Sea Lion in the rather open ended time table. Sentiment RE the N Falklands basin however would rise and we'd start to see a return to Pete's Bar etc and all that hype which would do Argos no harm at all. If Humpback comes in that would increase things even further (even though geologically it's a seperate issue).Argos has the potential to come on line first. Noble probably wont mess around. If there's oil there to get out they'll commit. If Isobel is a hit I don't think they'd stop in the NFB, even if Rhea fails, it would look too much like a genuine new oil province.If Rhea hits and is 200m barrels that might be being pumped in 5 years. 200m at $75/barrel, of which Argos get 5%, would be 750,000,000. Argos recon they're admin would be less than $800,00/annum (the amount they'll receive until royalty payments come in). Over 20 years that would be 16,000,000. Net funds available would then be: $734,000,000 or $3.67/share or 18c/share every year!So 8p now (12c) buys a ticket that will pay 150% of that EVERY YEAR for 20 years! (but 40% chance).Of course Oil might be $100/barrel.Rhea might be 400 m barrels.There's a lot of acres of PL001 outside of Rhea and 5% of it is all ours.They're still in the exploration game too and are looking at other prospects. They have the seismics and soon might have an income stream to do something about it. If we know one thing about Argos it's that they don't mind waiting a bit!So I have Rockhpper as a Banker and Argos as a nice little flutter on the side, just don't get caught out the wrong side of an RNS like Desire if all your eggs are in the Argos basket.Just my thoughts and my ISA balance to date suggests I'm not very good at this but that's mainly AIM and oil price/sentiment driven and I think later this year that might all change and Argos might just ride the wave! Happy sufing?

chopper1000 20 Apr 2015

Re: New Foundation *slam dunk !*

marlonmonkey 19 Apr 2015

Re: New Foundation "That's 10 billion high estimate I don't care what the odds are"I have given you a tick, as this is the honest statement....far from "knowing the risks" as you previously claimed, the truth is you "don't care what the odds are"This much was obvious.Therefore, you understand that those of us who "do care what the odds are", and have read in detail all of the information on the Falkland Islands oil companies may have a different opinion than yours.Not everyone who doesn't believe every price is a BUY, or selling is in some way disloyal is a "basher" hoping for a lower entry point.I got out of ARG in profit at 30p because I cared that the odds on ARG getting a funded campaign based on the issued CPR was reduced. I was correct, the OG left without drilling. I stayed out because the odds on ARG getting a great deal based on their licence expiry data was reducing, I was right. Now, they have a new foundation, a fully funded well with two good partners...problem is it cost them 95%. Now the odds are reasonable....rhea is a good prospect.I got out of DES at 72p because the odds of Jacinta and Ninky were poor. Both failed and the price fell to 12p. I got back in DES at 15-18p because I thought the odds of 15-4 were good. DES shares (as fOGL) are now worth 20p+.I never owned BOR, and warned others that the sp at 50p going into Darwin was very risky even based on a success....garbled went "all in" at 90p.So, looking at the odds has helped me avoid some of the pitfalls...unfortunately not all of them.I thought Rachel had a good chance of success...I was wrong.I certainly never thought rockhopper would do a deal so utterly inept that five years after discovery we'd still be a year from a FID, and the production would be scaled back to 30% of what it might be....I was wrong there too.But "not caring about the odds", that's dangerous...."not caring about the odds", but criticising those that do...that's even worse.

penguin14 19 Apr 2015

Re: New Foundation Perhaps you should stop the ramping TOO;including saying there is more oil in arg license!? There MIGHT be of course, however, you have no facts until a drill and testing...it is as simple as that.BTW, don't tell me what to do or say . You have been sounding off nearly every day here with your dreams and few respond to this tired old story. Few of us try to shout you down,,,,,Just maybe you suffer from an anxiety issue? If you do, then we may understand your situation. I do think you sound like that garbled person, it is as simple as that. No association, here I can assure you so calm down.Now. lets' hope all the license blocks produce something like oil in quality n quantity, I think we share that in common, only !

eye_user 19 Apr 2015

Re: New Foundation ...yes, maybe he is Garbled in disguise?Next please.----Stop trying to tarnish other posters with your association with Garbled.

eye_user 19 Apr 2015

Re: New Foundation Of course there is a point comparing....no matter what the price on this share has been, no matter what the risk has been, you have said its a buy...trotting out the same nonsense (lie) that ARG has the most oil.ARG does not have the most oil. ARG has never had the most oil. Other than a million to 1 shot ARG never will have the most oil.-----I know the risks and really no point comparing 2010 to 2015. That's fine if you don't believe Argos will not have more oil than RKh or FOGL. We haven't drilled yet... i'm going on the information provided by Argos Resources and have invested. 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.That's 10 billion high estimate I don't care what the odds are. Any investor can go on the website and see for themselves. P.SI have stakes in all of the FI's

penguin14 18 Apr 2015

Re: New Foundation ...yes, maybe he is Garbled in disguise?Next please.

marlonmonkey 18 Apr 2015

Re: New Foundation Eye userOf course there is a point comparing....no matter what the price on this share has been, no matter what the risk has been, you have said its a buy...trotting out the same nonsense (lie) that ARG has the most oil.ARG does not have the most oil. ARG has never had the most oil. Other than a million to 1 shot ARG never will have the most oil.You trot out this 10billion barrel number...that is the P10 number for every prospect in PL01, ARG now have 5% of this...so a P10 of 500mmbs...based on overturning odds of millions to 1.FOGL could have 500mmbs based on a couple of SFB prospects coming in at P50, RKH could have 500mmbs if the F3 fairway is P10.....maybe 100-1 shots, but not 1 million to 1.You talk about the Rhea stack P50 of 450mmbs, the odds on this range from 10-40%, it's a good target in part. ARG could end up with 20mmbs carried to production....RKH already have multiples of this.Like I said previously on this thread, ARG now have a good foundation, with a 5% share of a good prospect being drilled with excellent partners...that's good.However, your buy tip at 45p, 30p, 25p, 20p, 15p, 10p etc etc...and never a single word of caution, never an understanding of the risk, never a sell rec....shows that far from "knowing the risks", you are clueless to them...P.s.ARG have less oil than Fogl or RKH, no matter how you measure it (reserves, resources, contingent resources, risked prospective resources, unrisked prospective resources, made up fantasy resources) ....stop repeating Garbleds lies...you should be better than that.

eye_user 18 Apr 2015

Re: New Foundation Lol....eye-soreWhen it was 45p you were saying buy....it will got to £1....it'll never be 10pNow it's 8p you are predicting only 20p....what happened to the £1?I said 6p was a new foundation with the deal that was signed, and guess what, the market agrees...the first time in five years I said it was positive, and it goes up 30%.Whereas everyday for 5 years you've said it was positive and it's down 80%.Sorry you can't see the difference.----2010 was 6 years ago really no point comparing what was then and now. 20p short term.... so I take it 200% gain isn't enough? I still remain positive in Argos and why not we are finally drilling. Argos has the most oil and a lot oil will be found and future drills (IMHO). I've invested and know the risks

Page