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Argos Resources – was Chris too bearish

Over the last few weeks we have seen an uplift in sentiment towards the Falkland Island plays. Rockhopper (RKH) and Falklands Oil & Gas (FOGL) were the early movers out of the blacks followed by the dogs Argos (ARG) and Borders & Southern (BOR). 


Argos Resources will benefit from drilling in the Falklands: Buy

Drilling for oil is due to start again in the Falkland Islands in the next few months and is bound to create a lot of interest despite the current state of the oil industry. The Erik Raude deepwater rig has already been contracted by Premier Oil (PMO) and Noble Energy to drill a number of wells that they farmed into with Rockhopper  (RKH) and Falklands Oil and Gas (FOGL), respectively.


Argos Resource offers an alternative Falklands play

Excitement is starting to build about the forthcoming drilling in the Falkland Islands, given what was discovered previously. Even though the rig won’t arrive until spring 2015, interest is already returning to Rockhopper Exploration (RKH) and Falklands Oil and Gas (FOGL), and I would expect both to be at a higher price by the time drilling commences. But if you fancy a different play to the two main companies, then Argos Resources (ARG) is well worth a look and seems to have been largely forgotten about.

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