eye_user
21 Mar 2016
Re: RIP Company will receive future cash payments from Noble Energy Falklands Limited ("Noble"
and Edison International S.p.A ("Edison" which will be sufficient to meet its ongoing running costs until first oil production.
Warthog4
18 Mar 2016
Re: RIP Aren't we all? Down 50% since the January hyped up SP and ne news.Write this one off good folk-all the Falklands Oilies are pie in the sky if the truth be known
luckyman2
11 Mar 2016
Re: RIP Watching and waiting patiently.
luckyman2
22 Feb 2016
Re: 300K - RNS $800.000 DOWN TO £300.000 DOLLARS TO POUNDS
eye_user
22 Feb 2016
300K - RNS Paymemts have been reduced from $800,000 to £300,000 Everything else still in place.
Warthog4
22 Feb 2016
Re: Shakespeare Yep-nice spike beginning Feb.-down 44% since
luckyman2
17 Feb 2016
Re: Shakespeare $ 800.000 a year for waiting, Not bad.
Warthog4
17 Feb 2016
Re: Shakespeare "Due to operational issues with the rig, ........"Be interesting to find out what the "operational issues" actually were which justified Noble being able to invoke force majeure, usually confined to Act of God, political shenanigans and other impersonal events.
eye_user
12 Feb 2016
Re: Shakespeare Why, it's doing nothing but going down. No drill, no hope.----I take you don't sit on the board? You have no idea what Argos are planning:Argos can sit back and wait for a rig. All will come good.
Captain Pedant
12 Feb 2016
Re: Shakespeare Moderation in all things.Today is possibly a set back for today, this month etc but longer term? I do wonder what would have happened had the Rhea stack come in dry. Perhaps Noble would have done a FOGL and left Argos to it returning the acreage?Today they have commited to continue paying Argos their agreed fee and are presumably planning to return in due course with a different rig. Who knows when that might be? Rigs however at the moment are cheap and given that Noble are top heavy with North American shale assets they may want to diversify ASAP? They might even have been considering their options since the FOGL drill? Obviously they will want value for money. That would likely as not mean drilling several prospects with this drill which eill in turn increase the overall chance of success for them, and Argos too.Every cloud, and the shares are cheap now too.... even better.CP.
pb999
12 Feb 2016
Re: Shakespeare Why, it's doing nothing but going down. No drill, no hope.
eye_user
12 Feb 2016
Re: Shakespeare All eyes on Argos now 
Blue Horseshoe loves chip fat
12 Feb 2016
Shakespeare Oor Bill would sell IMO. 2p or not 2p? Looks likely IMO The only way is Essex innit )BH (Bard Horse)
NerveWreck
12 Feb 2016
Re: Rig Cancellation Well there's the RNS
Captain Pedant
12 Feb 2016
Re: Rig Cancellation I guess:Noble might still take the rig if the contract was tight enough - reduced rates?Refuse to take the rig? They'd then either have to find another rig or ask the Falkland Islands Government for an extension to the contractual time window that they have to drill or get out of the Falklands and hand it back to Argos.I can't see them dropping the Falklands, at least not the North Basin, there's just too much oil all over the place. I think they'll seek an extension and then bring another rig down to drill Rhea and a few other of the better prospects too. In the long run that might well be a good thing and actually bring the ultimate goal (oil and income) forward.Argos have a guarenteed income stream whilst this is all happening. Over time the only thing that will happen is that the North Falkland Basin oil will be developed and our area will look increasingly irresistable to Noble or whoever. The SP is as low as ever. Buy and hold (and hold) but it will come good.
