Luckyman2
15 Sep 2015
Don't worry she will be gone soon
luckyman2
13 Sep 2015
Re: 68p per share Yes you didn't take into account the rise in oil price over the ten year period.You have done a calculation at only $50per bbl when it could be above $75 for maybe half that time.
videodawn
12 Sep 2015
Re: 68p per share Have I got anything wrong?=========It only works if they pay the royalty out as a dividend. The directors might pay themselves a fat bonus and huge annual salaries for decades to come. Why should they care about your wealth?
iiTown
09 Sep 2015
Re: 68p per share No.If they can find more oil (at thankfully no cost to ARG) then there may be considerable upside too. Personally I can imagine the share price today could be the yearly dividend in a while.Of course there is considerable risk that all will be lost though.
fadilz
09 Sep 2015
68p per share Let's see if I have this rightThey recover 100m barrels at $50 per barrel, of which 5% goes to ARG, shared over 220m shares, with $/£ = 0.6That's 100 * 50 * 0.05 / 220 * 0.6 = 68 pence per shareSo you buy a share now at 7.5 pence, you get paid 68p over a 10 year period, starting about 7 years from now.Sounds pretty good to me.Then put a 10% chance on that, and it still looks pretty good.Have I got anything wrong?
penguin14
06 Sep 2015
more oil news... [link]
iiTown
26 Aug 2015
Re: 5% revenue? While trying to conjure-up some margin of safety on ARG, I wonder what would happen if Rhea is a failure?When this 5% deal completes, ARG would have received US$2.75 million and should also pass the FIG drilling hurdle to extend the licence for 10 years. If NBL pulled out there should still be some cash left for say 3 year's overheads and the 10 year 100% licence should still have considerable value.40% Rhea success could give say $50 * 5 million barrels = US$250 million with considerable exploration upside.60% Rhea failure may leave a saleable 100% licence area.I guess the price of oil is the real decider on whether development will go ahead but it does look interesting to me as ARG don't need to fundraise, unlike all the other Falkland O&G companies.
iiTown
24 Aug 2015
Re: 5% revenue? Thanks NerveWreck. I thought the same after reading the recent Annual Report.
NerveWreck
24 Aug 2015
Re: 5% revenue? Eg. If the oil is sold for say $50 per barrel. What will Argos receive?---------- ---------- ---------- $2.50 per barrel
iiTown
23 Aug 2015
5% revenue? I read from the recent presentation that: "a 5% Overriding Royalty Interest (ORRI) on gross proceeds from all sales of oil & gas from all fields developed in PL001 for the life of the licence"What is this 'gross' figure? Is it before Opex, Capex or including them?Eg. If the oil is sold for say $50 per barrel. What will Argos receive?
eye_user
14 Aug 2015
Re: Time to top up soon Hey eye_candy your calls are even worse than the Essex fruit Cake ----Hey Ace how's EMED doing? Buy buy 10p > 50p4p and still dropping Throwing stones in glass houses....
Ace08
08 Aug 2015
Re: Time to top up soon Hey eye_candy your calls are even worse than the Essex fruit Cake
eye_user
07 Aug 2015
Time to top up soon Will this sneak under 6p hmmmDon't leave it too late for the drill!
penguin14
06 Aug 2015
more industry news [link]
Warthog4
28 Jul 2015
Re: another view on oil prices "That's it dump some more on us ... We could see 6p based on the latest RNS.eye_user "Nearly there!!!!!!
