With a situation whereby no further capital is required The only risk is that the well is dry In the belief that so many experts are probably not wrong, I think it is well worth a buy and sit on for a couple of years
Argos don't need to raise money for anything (unless they are building garbled fabled hotel or expanding their real estate footprint in the Falklands) as all they really own (in acreage terms) is a 5% royalty entitlement on any 'future' production from the block...
IF you really were a LTH in the FI stocks you mention you would already know all of that...
Jumping Jack Flash...
FIVOR Top Tip...
one should always bank a meteoric rise and rumoured profit and not get greedy...
oh and anyone remember this...
3 rigs and rusty old wellheads on a fruitcakes T-Shirt...
Hope it's not a pump in advance of a cash raise? I have been suckered into a few of these over the past year - including some that specifically stated that there would be no cash raise only 2 weeks prior!
I have held these for yonks along with BOR and good old RKH - here's hoping that all us LTH's will see an end to our suffering and see some just rewards before too long.
IMHHO this has a massive upside as the Falklands have so much potential as the big boys know! Can see this easily breaking the past highs, and another BIG rise tomorrow, but please DYOR and decide for yourself. Happy days forward.
I'm not sure what the rules are on that but one assumes it's up because RKH and BOR have gone up a lot last Thurs/Friday on the back of RKH's AGM this Friday. Obviously potential news there.
I stuck my neck out Friday morning after it had gone DOWN 4.5%. Wish I'd held on longer but best not to be too greedy or the market will turn round and bite!
The only reason Noble did not drill in 2016 was that the rig was not fit for purpose and PMO/RKH cancelled the contract.
If Sealion gets the go-ahead, there might be a rig in NFB in 2nd half of 2019, and then a Rhea drill is more or less certain IMO.
In the success case, ARG get 5% of gross revenues from production, with no financial commitment whatever. No need to fund-raise, just wait. https://www.investegate.co.uk/argos-resources-ltd--arg-/rns/licence-pl001-farmout-agreement/201504130700179636J/
Great to see the excitement returning to FI exploration. Main risks are: (1) Oil price collapse, and then (2) Rhea dry.
I like Noble's exploration plans. Their website says:
"Exploration is an important component of Noble Energy's growth engine. Our job is to build a world-class portfolio of opportunities for growth into the mid-20s that will help transcend the current growth trajectory provided by our U.S. Onshore and Eastern Mediterranean assets."
I do hope Rockhopper do a deal with them and the drilling commences.
THIS SHARES OWES ME 26P EACH, HOWEVER THE UPSIDE IS THAT WITH THE FARM OUT DEAL THE COMPANY CANNOT LOSE. MUST BE THE ONLY SHARE LIKE IT ALSO WITH THE COMPANY BEING A FALKLAND ISLAND COMPANY PERMISSIONS SEEM TO COME MORE EASILY
TARGET PRICE 12.5P FISRT DIVI 2020
IN FIVE YEARS TIME EVEN I WILL BE SHOWING A 100% GAIN
"Argos ResourcesFor a Budget day, the market proved remarkably placid, with the FTSE 100 closing unchanged. While the usual "wait 24 hours" rule will doubtless apply until folk digest what was actually said, we'd submit that should the FTSE trade ..."
" ARGOS RESOURCES (LSE:ARG), GOLD FUTURES, DOW FUTURESÂ For a budget day, the market proved remarkably placid with the FTSE closing unchanged. While the usual "wait 24 hours" rule will doubtless apply until folk digest what was actually said, ..."
This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016.
The FCA have finally replied, saying its nothing to do with them as they only deal with market abuse & insider dealing, now is your chance to have your say.
If you hate seeing buys reported as sells etc!!!!!!
Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog.
My local MP supported this petition by writing to the petitions committee to help un-stall it.
Theres 650 MPs in Westminster, So have you written to your MP? 649 to go!
If this petition doesnt reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. ONLY 8 weeks to go !!!
So If you havent yet signed or indeed have but havent passed it on to others, then nows the time to do so.
Just a 3-4 year wait before anything interesting happens. Then there might be a one-well, all-or-nothing blip of trading and, if successful, another 4-5 years of waiting for a dividend that might never come because somebody finally figures out how to make cold fusion economically viable.
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