Stock quote - Summary

Argos Resources
ARG: 2.75 0.00 ( 0.00 %) delayed: 10:15AM
Bid price 2.50 High price 2.55
Ask price 3.00 Low price 2.55
Open price 2.75 Spread 16.67%
Prev close 2.75 Volume 107,579

Argos Resources - Share price charts

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Argos Resources - Share price information
Name Argos Resources Epic ARG
Activities 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. ISIN FK0114538241
Latest Share Price (p) 2.75 Net Gearing (%) -1.88
Market Capitalisation (pm) 6.04 Gross Gearing (%) 0.50
Shares in issue (m) 219.71 Debt Ratio 0.00
P/E Ratio -392.86 Debt-to-Equity Ratio 0.00
Total dividends per share (p) 0.00 Assets / Equity Ratio 1.01
Dividend Yield (%) 0.00 Price to book value 0.21
Dividend Cover 0.00 ROCE (%) -0.07
Earning per share (p) -0.01 EPS Growth (%) 98.11
52-week high / low (p) 5.50 / 2.63 DPS Growth (%) n/a
Argos Resources - Broker views
Date Broker Recommendation Price Old target price New target price Notes
21 Jun Jefferies International Underperform 12.00 12.00 Retains
25 Jun Jefferies International Underperform 14.00 12.00 Retains
22 Mar Investec Buy - 44.00 Initiates/Starts
16 Dec Evolution Securities Buy 79.00 79.00 Reiterates
09 Dec Evolution Securities Buy 79.00 79.00 Reiterates

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Argos Resources - Director deals
Date Director Type Volume / Price Trade value
08 Jul 2015 Christopher Fleming Exercise 275,000 @ 2.00p £5,500.00
08 Jul 2015 Drew Irvine Exercise 375,000 @ 2.00p £7,500.00
08 Sep 2014 Christopher Fleming Exercise 500,000 @ 2.00p £10,000.00
08 Sep 2014 Dennis Carlton Exercise 500,000 @ 2.00p £10,000.00
08 Sep 2014 Drew Irvine Exercise 500,000 @ 2.00p £10,000.00

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Argos Resources - Company news

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Capita Asset Services is a trading name of Capita IRG Trustees Limited which is authorised and regulated by the Financial Conduct Authority and which is also authorised to conduct cross-border business within the EEA under the provisions of the EU Markets in Financial Instruments Directive. Registered office: The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU. Registered in England and Wales No. 2729260.

www.capitaassetservices.com