Argos Resources

ARG: 2.30 0.00 (0.00%) delayed: 18 Oct 2019, 16:57

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Argos Resources Fundamentals

Share Price Information

Name Argos Resources
Epic ARG
Sector Exploration & Production
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

Key numbers

Latest Share price (p) 2.30 Net gearing (%) -2.43
Market capitalisation (£m) 5.08 Gross gearing (%) 0.20
Shares in issue (m) 220.71 Debt ratio 0.00
P/E ratio 12.78 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 0.17
Dividend cover 0.00 ROCE (%) 1.37
Earning per share (p) 0.18 EPS growth (%) 260.00
52-week high / low (p) 5.35 / 2.30 DPS growth (%) n/a

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Dec 2018 Full Year 1 0 0.18 USD
31 Dec 2017 Full Year 0 0 0.05 USD
31 Dec 2016 Full Year 1 -0 -0.01 USD

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year

Contact details

Company name Argos Resources
Address Argos House, H Jones Road, Stanley, Falkland Islands FIQQ 1ZZ.
Telephone +500 22685
Website http://www.argosresources.com/

Advisors

Company's broker Evolution Securities
Company's joint broker n/a
NOMAD Evolution Securities
Registrar Computershare Investor Service
Auditors BDO Stoy Hayward
Solicitors Preachey & Co

Directors

Appointed Director Position
12 Dec 1995 Ian Main Thomson Executive Chairman
16 May 2005 Andrew Grant McKenzie Irvine Finance Director
16 May 2005 John Anthony Hogan Managing Director
29 Aug 2008 James Charlton Ragg Non-Executive Director
29 Aug 2008 Christopher James MacDonald Fleming Non-Executive Director
16 May 2005 Dennis Ray Carlton Non-Executive Director

Company financials

Assets (£m) 2018 2017 2016
Reporting date 31 Dec 2018 31 Dec 2017 31 Dec 2016
Tangible assets 0 0 0
Intangible asssets and goodwill 29 29 29
Investments and other non-current assets 0 0 0
Total non-current assets 29 29 29
Inventory / work in progress 0 0 0
Trade and other receivables 0 0 0
Cash and equivalents 1 1 1
Other current assets and asset held for resale 0 0 0
Total of all assets 30 30 29
Liabilities (£m) 2018 2017 2016
Short term liabilities 0 0 0
Long term liabilities 0 0 0
Other liabilites / pension etc 0 0 0
Total of all liabilities 0 0 0
Net assets (£m) 2018 2017 2016
Net assets 30 29 29
Equity (£m) 2018 2017 2016
Share capital 7 7 7
Minority interests 0 0 0
Retained earnings -7 -7 -7
Share premium account 30 30 30
Other equity 0 0 0
Total equity 30 29 29
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 0 -0 0
Cashflow before financing 0 -0 0
Increase / decrease in Cash 0 -0 0
Income (£m) 2018 2017 2016
Turnover 1 0 1
Cost of sales 0 0 0
Gross profit 0 0 0
Operating profit 0 0 0
Pre-tax profit 0 0 -0
Profit / loss for the year 0 0 -0