Argos Resources raised £ 22 million for hydrocarbons exploration in Falklands

Tuesday, July 27th 2010 - 23:46 UTC

Full article 24 comments

Argos Resources with exploration licences in the North Falkland Basin expects its shares to be admitted to trading on AIM on Thursday 29 July. Argos Resources has raised £22 million (£20.6 million net of costs) in a placing of new ordinary shares at 31 pence per share which will give the company a market capitalisation of £67 million. Read full article

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Hoytred
ARG - hmm, maybe could have selected a better symbol :-)

I suppose they'll be getting a nasty letter soon !
Jul 28th, 2010 - 02:47 am - Link - Report abuse 0
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Frank
Hmmmmmm, a viking longship with a bit of Patagonian roadkill on the sail.... interesting
Jul 28th, 2010 - 04:33 am - Link - Report abuse 0
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Think
- ARG -
A childish plot to lure gullible Argentinean investors :-)

(Where can I buy some?)
Jul 28th, 2010 - 05:50 am - Link - Report abuse 0
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briton
by falklands you are abt to get new bosses.
david camaron has just sold you down the river,, we can no longer defend overseas, how long will it be before argentina cottens on, that there is no one to stop them now,
Jul 30th, 2010 - 04:17 pm - Link - Report abuse 0
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Hoytred
Do stop going on briton, a strategic review is bound to ask serious questions about efficiency and expenditure and big ships make such big targets. Some of the money will be better spent putting in military standard runways on St. Helena and maybe Tristan da Cunha.

Different type of wars these days.

As for the Falklands .... no-one picked up on a comment at a recent meeting there? I quote “ ... felt that all people presently entitled to plots should be dealt with first because indications are the population could increase to 10,000 people...”

Now, are they getting geared up to breed like rabbits, or is an influx expected?

:-)
Jul 31st, 2010 - 03:33 am - Link - Report abuse 0
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Think
(5) Hoyt
About Military Toys.....
A pity that Whitehall has seen the light.....
From the Argentinean position; it was nice seeing GB binding all their money into pharaonic projects doomed to obsolescence before completion.

About Squatter Sheilas
I suppose that if Her Majesty Government laced the Island’s feminine settler population's Tea with a proper cocktail of hormones, they could, theoretically, give birth to litters of 6 to 8 babies :-)
Jul 31st, 2010 - 07:27 am - Link - Report abuse 0
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Cadfael
Of course there'll be a big influx, there are now 5 oil companies in the mix, even though ARG is not expected to drill for some time.
All good news for the Falklanders in my view.
Jul 31st, 2010 - 08:17 am - Link - Report abuse 0
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Think
(7) Monitoring the South Atlantic.....
Again a case of: “One little feather can easily grow into five Hens”

Somebody here seem to be under the impression that five companies are boring like hell around Malvinas.
Well........Status as for today:
As today, only one “shared” platform booooring in the area.
As today, this platform lease contract expires in November and has not been prolonged.
As today no lease contract signed yet for other platforms by any of the actors.
As today, Argos Resources the new “rising star” is having difficulty in selling their shares. (sold under £ 400.000 yesterday)
Big Influx?
What Big Influx?
It sounds more realistic for Her Majesty Government to lace the Island’s feminine settler population’s Tea with a proper cocktail of hormones so they could give birth to big litters :-)
Jul 31st, 2010 - 08:52 am - Link - Report abuse 0
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Hoytred
Hmmm .... so where's the influx to come from? (I shall ignore Think on this occassion)

The planning authority is certainly looking at making more plots available for development! Do they know something we don't?
Jul 31st, 2010 - 11:38 am - Link - Report abuse 0
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Think
(9) Hoyt
Without knowing very much about the referred meeting at (5), and influenced by my socialistic suspicious mind I would ”Think” that the majority of “Real Islanders”, after being denied the right to own land in Malvinas by their ”Absentee Lords” until 1982... now witness how a new generation of ”Lords” are trying to take over.
And they are feed up with it..........
Jul 31st, 2010 - 12:00 pm - Link - Report abuse 0
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harrier61
“the majority of “Real Islanders”, after being denied the right to own land in Malvinas by their ”Absentee Lords” until 1982”

Oh yeah. Quote relevant law. Identify “Absentee Lords” by name.
Jul 31st, 2010 - 02:35 pm - Link - Report abuse 0
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Think
THIMC
A little pearl from the link below:
Lord Hatch of Lusby : My Lords, I wonder whether the noble Lord saw the television programme put out by the BBC on 14th February in “Panorama” on this subject? If he did not, may I suggest to him that he asks for a copy of the script? Is he aware that that programme showed clearly in direct interviews with the islanders that there was a great concern among the islanders that if they were going to remain on the islands, and particularly if there was going to be any chance for their children to remain on the islands, the crucial issue was their ability to get land, and that that ability was at the moment frustrated by absentee landlords?
http://hansard.millbanksystems.com/lords/1983/apr/18/the-falklands-land-purchase-and

The “Shackleton Report” makes good reading too...........
Jul 31st, 2010 - 02:52 pm - Link - Report abuse 0
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harrier61
Still haven't quoted relevant law. Or identified “Absentee Lords” by name.
Jul 31st, 2010 - 04:59 pm - Link - Report abuse 0
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briton
ok lads back to normal, the peas are back in the garden,
think, as much as we like you, and as you harbour thoughts of being british, we have decided that no you cannot have the islands , they dont want you, the falklands are to remain BRITISH sorry
Jul 31st, 2010 - 11:21 pm - Link - Report abuse 0
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Hoytred
why sorry?
Aug 01st, 2010 - 05:27 am - Link - Report abuse 0
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Think
Because he is a polite troll :-)
Aug 01st, 2010 - 05:59 am - Link - Report abuse 0
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briton
ah yes a gentleman will always be polite, especialy when he knows he is on, the winning side, and the british are always on the winning side, [sometimes]
Aug 01st, 2010 - 12:14 pm - Link - Report abuse 0
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Think
Third day in the market for “Argos Resources” and the havn't raised more than 4 million £.
Not exactly a “Popular Share”
C'mon Britons and Falklanders .....
Put your money where your mouth is ;-)
Aug 02nd, 2010 - 09:22 pm - Link - Report abuse 0
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Hoytred
I thought they'd already raised 22 million from institutional investors ?
Aug 03rd, 2010 - 11:45 am - Link - Report abuse 0
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Think
Uppppssss. Still going down...
http://www.google.co.uk/finance?q=LON:ARG
(19) Hoyt
Of course they got those 22 million before from their “mates”.....
That's to insure their wages and lifestyle during the next 5- 10 years no matter what.
But now thy need “our”money...
Why aren't you buying? :-)
Aug 03rd, 2010 - 12:20 pm - Link - Report abuse 0
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Hoytred
My shares are in a company looking at the problem of Heavy Fuel OIl .... I'd like to keep the liners going :-)
Aug 03rd, 2010 - 02:16 pm - Link - Report abuse 0
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Think
That's cool.....
The whole shipping industry should change to something better...
Remember reading somewhere that a little cargo ship contaminates more than 10.000 cars.
Spooky
Aug 03rd, 2010 - 03:42 pm - Link - Report abuse 0
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harrier61
Self-determination ruled to be primary consideration. Overrides “territorial integrity”. Self-determination also overrides historical claims.

Falkland Islands forever!!

Rule Britannia!!!
Aug 03rd, 2010 - 10:00 pm - Link - Report abuse 0
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briton
us poor guys cannot get in with all these shares, so we will leave this story,
Aug 03rd, 2010 - 11:04 pm - Link - Report abuse 0
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