Prospex Oil And Gas Share Discussion Threads

[marvelman] 11/2/2020 13:22

Huge spread but getting narrower and chart gathering momentum..interesting share to be holding with plenty of news to come

[theshareguru2] 09/2/2020 11:45

Well Italy gas very near, Spanish gas nearer good tie up
With warrego,o semce some buying soon.

[ant15] 04/2/2020 13:06

Thanks BROAD don't forget CHAR

[johncasey] 03/2/2020 20:50

with with eua,ggp,iron,vast..i think these tiddlers are going to make me very rich..and dont forget the likes of vog,ukog,angs,ecr,alba,prim,clp,kdnc..all bombed out stocks at the bottom..only way is up and could be dramatic

[johncasey] 03/2/2020 20:46

i see that oil man dont rate this company..good i will buy more

[ant15] 03/2/2020 19:12

Vauch according to the CEO more than the market cap and net assets.

[vauch] 30/1/2020 08:26

Also am I correct in thinking we now own 49& of a power plant?

[vauch] 30/1/2020 08:25

What will be the income of the 5 additional wells over a year?

[blueblood] 30/1/2020 08:21

That's good news and hopefully last placing before we become self funding and profit making by end of 2020.Just need to start bringing production online now.

[soulsauce] 30/1/2020 08:09

Well there is the placing, however the company look to have done very well to get it away at the price they have and directors taken up quite a chunk themselves.

[ccr1958] 14/1/2020 14:29

Be buying back soon .

[block4gooner] 08/1/2020 11:41

I stoodI waitedI'm still waiting!:)

[ihavenoclue] 07/1/2020 16:29

That's a fair comment reference JohnCasey

[iamgreat1] 07/1/2020 16:23

Keep away from this dog

[johncasey] 07/1/2020 15:07

blue touch PaPer lit...stand well back

[ccr1958] 07/1/2020 15:07

Little spike but very little action from The punters.

[johncasey] 07/1/2020 15:06

Prospex non-executive Chairman, Bill Smith, said, "Thanks to the receipt of this environmental approval, first gas production at Selva remains on course to commence at an initial rate of 150,000 cubic metres per day later this year. At this rate and at current gas prices, Selva will generate significant cash flow that will not only highlight the disconnect that has opened up between our market capitalisation and the value of our assets, but will also free up funds for reinvestment across our asset base. This will soon include the recently announced conditional acquisition of up to a 49.9% indirect stake in El Romeral, an integrated gas production and power station operation located in southern Spain. Comprised of three producing wells which supply gas, through its own network, to a 100%-owned 8.1 MW power station and multiple low risk development opportunities with gross contingent and prospective gas resources of 5Bcf and 90 Bcf respectively, El Romeral, together with Selva coming on stream, promises to generate much high impact newsflow in 2020. I look forward to providing further updates on our progress in the year ahead."

[cpap man] 07/1/2020 15:03

07 January 2020

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

7(th) January, 2020+BCL

United Oil & Gas PLC ('United' or 'UOG' or 'the Company')

Italian Licencing Update

United Oil & Gas PLC (AIM: "UOG"), the AIM traded oil and gas exploration and development company, notes the announcement issued by Po Valley Energy Limited ("Po Valley"), operator of the Podere Gallina Licence, stating that they have received formal technical environmental approval from the Italian Environmental Ministry for the development of the Selva Gas field. United holds a 20% economic interest in the Podere Gallina licence.

This approval is an important milestone in advance of the decision to grant final approval by Environment Minister decree and the issuing of the required INTESA (intergovernmental agreement) and the final grant of a Production Concession issued by Italy's Economic Development Ministry.

A Competent Persons Report included in the Company's AIM Admission Document dated 6 December 2019, covering all of the Podere Gallina Licence, including the Selva Malvezzi Production Concession identified gross 2P Reserves of 13.3Bcf (2.7Bcf net attributable to United), a further 14.1Bcf of gross 2C Contingent Resources (2.8Bcf net attributable), and 91.5Bcf of unrisked gross Prospective Resources (18.3Bcf net attributable).

The Po Valley ASX announcement can be accessed via this link:



Brian Larkin CEO, United Oil and Gas PLC:

'This approval is an important milestone in the proposed development of the Selva Gas Field. We look forward to further constructive engagement with the Italian Government and continued progress on this field, with the objective of achieving first production in 2020.

[rwells4474] 07/1/2020 15:00

Decent RNS

[soulsauce] 07/1/2020 13:27

Uog haven't Rnsd either so may be more to it.

[blueblood] 07/1/2020 11:45

Where's the nomad? Price sensitive news from JVP and we haven't released RNS ffs!

[blueblood] 07/1/2020 10:00

Thanks Broad. Great news but where is our RNS? Ed still on his jollies!