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Argos Resources

Current Price 2.77p Bid 2.30p Ask 2.80p Change 0.00%
Last Updated: 19/09/2019 13:30. Prices delayed by at least 15 minutes.
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Company Overview

Argos Resources Ltd is a quoted oil and gas exploration Company based in the Falkland Islands. The Company's principal asset is a 100 percent interest in Production Licence PL001 covering an area of approximately 1,126 square kilometres in the North Falkland Basin. Based on 2D seismic, seven prospects and five leads have been identified by Argos in the Licence Area. The prospects have a total unrisked potential of 747 million barrels of prospective recoverable resource in the most likely case, and up to 1.75 billion barrels in the upside case. No resource estimates are reported for the mapped leads as it is considered that these require further work to mature. The Licence Area adjoins licence areas being explored by Rockhopper and Desire, who between them are involved in a multi well drilling campaign in the North Falkland Basin in 2010 and 2011. Argos has placed £22m of new shares which commenced trading on July 29th 2010. The Company's plan is to undertake a 3D seismic programme during the austral summer weather window of 2010/2011 over the prospects identified from its earlier 2D seismic. The intention is to better define those prospects, and potentially to identify new prospects, leading to the selection of possible targets for a subsequent drilling programme in Q4 2011 and 2012. The Company announced in October 2010 that it had contracted the MV Polarcus Asima to undertake this 3D programme, and seismic acquisition is due to commence in January 2011.

Financial Highlights Year Ended 31/12/2018

Turnover
£0.78m
Operating Profit
£0.45m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
14.17

Key Personnel

Ian Main Thomson
Executive Chairman
Andrew Grant McKenzie Irvine
Finance Director
John Anthony Hogan
Managing Director
James Charlton Ragg
Non-Executive Director
Dennis Ray Carlton
Non-Executive Director
Christopher James MacDonald Fleming
Non-Executive Director

Stock Details

EPIC
ARG
ISIN
FK0114538241
Shares in Issue
220,713,205
Market cap
£5.63m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
2.55p
Bid Price
2.30p
Ask Price
2.80p
Volume
10000
Change Today
0.00p
% Change Today
0.00%
Open
2.77p
Previous Close
2.55p
Intraday High
2.77p
Intraday Low
2.77p
52 Week High
6.25p
52 Week Low
2.50p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Argos Resources Intra-day Chart

Argos Resources News

News in this section is provided by AJ Bell

Director Deals - Argos Resources Ltd (ARG) 12 Nov 2018 | 09:00

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
0.0
0.0
Intangible Assets & Goodwill
28.8
28.8
Investments & Other Non-Current Assets
0.0
0.0
Total Non-Current Assets
28.8
28.8
Inventory
0.0
0.0
Trade & Receivables
0.4
0.0
Cash & Receivables
0.8
0.8
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
29.9
29.5

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
0.1
0.1
Long Term Liabilities
0.0
0.0
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
0.1
0.1

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
29.9
29.5

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
6.7
6.7
Minority Interests
0.0
0.0
Retained Earnings
-6.9
-7.3
Share Premium Account
30.1
30.1
Other Equity
0.0
0.0
Total Equity
29.9
29.5

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
0.1
0.0
Cashflow Before Financing
0.1
0.0
Increase / Decrease in Cash
0.1
0.0

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
0.8
0.4
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
0.5
0.1
Pre-Tax Profit
0.4
0.1
Profit / Loss for the Year
0.4
0.1
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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