Argos Resources

ARG: 6.88 0.00 (0.00%) delayed: 17 Aug 2018, 16:57

Trade now
Bid Price 6.50 High Price 6.83
Ask Price 7.25 Low Price 6.50
Open Price 6.83 Spread 10.34%
Prev Close 6.88 Volume 9,501

Argos Resources Share Price

Intraday
Historic - 6 months
>> Advanced Argos Resources Charts >>

Argos Resources Share Price Information

Name Argos Resources
Epic ARG
Sector Oil & Gas Producers
ISIN FK0114538241
Activites 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.
Index n/a
Latest Share Price (p) 6.88 Net Gearing (%) -2.37
Market Capitalisation (£m) 15.19 Gross Gearing (%) 0.20
Shares in issue (m) 220.71 Debt Ratio 0.00
P/E Ratio 137.60 Debt-to-Equity Ratio 0.00
Total dividends per share (p) 0.00 Assets / Equity Ratio 1.00
Dividend Yield (%) 0.00 Price to book value 0.52
Dividend Cover 0.00 ROCE (%) 0.41
Earning per share (p) 0.05 EPS Growth (%) 600.00
52-week high / low (p) 11.70 / 2.88 DPS Growth (%) n/a

Argos Resources Broker Views

Date Broker Recommendation Price Old Target Price New Target Price Notes
21 Jun Jefferies International Underperform 6.88 12.00 12.00 Retains
25 Jun Jefferies International Underperform 6.88 14.00 12.00 Retains
22 Mar Investec Buy 6.88 - 44.00 Initiates/Starts
16 Dec Evolution Securities Buy 6.88 79.00 79.00 Reiterates
09 Dec Evolution Securities Buy 6.88 79.00 79.00 Reiterates
>> More Argos Resources Broker Views >>

Argos Resources Director Deals

Date Director Type Volume / Price Trade Value
20 Oct 2017 John Hogan Transfer Out 1,000,000 @ 0.00p £0.00
04 Sep 2017 John Hogan Exercise 1,000,000 @ 2.00p £20,000.00
08 Jul 2015 Drew Irvine Exercise 375,000 @ 2.00p £7,500.00
08 Jul 2015 Christopher Fleming Exercise 275,000 @ 2.00p £5,500.00
08 Sep 2014 Drew Irvine Exercise 500,000 @ 2.00p £10,000.00
>> More Argos Resources Director Deals >>

Argos Resources News

>> More Argos Resources News >>