Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
United Oil & Gas Plc LSE:UOG London Ordinary Share GB00BYX0MB92 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125 -2.87% 4.225 4.15 4.30 4.35 4.20 4.35 2,456,085 15:08:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 9.1 0.8 0.2 28.2 27

United Oil & Gas Share Discussion Threads

Showing 5601 to 5624 of 5625 messages
Chat Pages: 225  224  223  222  221  220  219  218  217  216  215  214  Older
DateSubjectAuthorDiscuss
15/6/2021
00:08
Gregpeck - you say the 'only winner from the field is the Egyptian govt' but I would suggest the other winner is UOG and us (its shareholders) - who bought an asset for $16 million that is now netting us around $16 million a year in free cash flow. But sometimes it takes patience for the share price to reflect the winners. Buy right and sit tight.
mikro1
14/6/2021
22:23
Cash operating costs are rising I believe (think they are over 7 now) Recent workover result was impressive but so was the decline, how fast do these wells decline? UOG conceal this with only supplying the nice numbers, but are these wells declining at a very speedy rate? lots of workovers needed? I don't know but I have zero trust in mgmt so thats why I left. The broker note describes the PSC terms along the lines of "eye watering" and they are .. The only real winner from the field is the Egyptian govt, probably why they declared commerciality so quickly as its in their interests to! I have never seen a PSC where after costs the govt takes 70 percent of output..
gregpeck7
14/6/2021
17:51
Also, the cash operating costs were only $4.36/boe at last reported interim results. Most oilers have costs of $20/boe or higher(?) - so although the govt gets most of the cut of production, you have to take the low costs into consideration too - this is the other side of the coin I don't see being talked about here?
king suarez
14/6/2021
17:42
Gregpeck - I believe in looking at what we have not what others have - I think investors don't need to be concerned with what the Egyptian govt gets, just with what UOG gets net of that. By my calcs we are getting net around 1400 bond which means that the market cap is cheap. That's without any progress in Jamaica or future production growth in Egypt - both of which are likely in the next 12 months.
mikro1
14/6/2021
16:33
I finished selling some time ago. Likewise bought Genel some time ago. So it's not me.
gregpeck7
14/6/2021
15:40
The seller today was probably you selling out to buy genl. GL but goodbye
mwap80
14/6/2021
12:05
Seller still hammering in. Prob realises Egypt govt take 70 percent of production! As the broker note says. Eye watering psc.
gregpeck7
11/6/2021
14:11
Monday then? meanwhile I have bought more..
mikro1
09/6/2021
23:44
If this drill takes the same time as the last development well, we will get news this Friday..
mikro1
07/6/2021
13:50
Currently 4.37p to sell and 4.5p to buy...strongest i have seen it for a while and wouldn't be a surprise to see this tick up! but hey its UOG...probably close red!
croxie
07/6/2021
13:46
Well, based on the TR-1 this morning, Joshua Rowe isn't the seller.
spangle93
06/6/2021
20:37
Can I have a stab at it? 2020 results showed revenue (ie excluding Egyptian govt share) of $9.1 million for 10 months of 2200 boepd with an average oil price of $37. Assume 2021 will be 3,300 boepd for 12 months at an oil price of $60 and (without a calculator) I get an approximate $25 million revenue. Operating costs were $3.9 million in 2020 so considering the increased production in 2021 and 12 months in 2021 I assume operating costs of $7 million. Central expenses were $1.7 million - not sure how these will change this year - I assume $3 million. If so operating cash-flow will be $15 million. That is conservative as I believe if results from the current well are positive and they then drill 2 more then production for 2021 will likely be quite bit higher than 3,300. CAPEX will probably account for a large part of the cash but cash at year end should still be significantly higher than now.
mikro1
06/6/2021
11:35
SwanvestaGood reason why the share price is this low with 3kboepd.What fcf are we looking at here?
neo26
05/6/2021
08:38
Looks like warrant overhang cleared explains price action
mustbefunny
04/6/2021
15:25
More volatile than usual on lowish trading. Strange.
mustbefunny
04/6/2021
14:48
Oil is doing well
mrbeaky
04/6/2021
14:36
Looking a lot better than it did at midday. News leak?
mustbefunny
04/6/2021
12:21
Cost recovery is up to 30%, but they get 17.9% of the rest. So another way of looking at it is 17.9% clear profit (apart from G&A) with government taking 82.1% of profit, even worse than your 70%. But I'm not saying it's good or bad. You have to do the sums yourself vs SP/mcap.
swanvesta
04/6/2021
12:00
It's 58 or 59 I think then when cost recovery is done it's 70.
gregpeck7
04/6/2021
11:47
Same old same old here.....
spawny100
04/6/2021
11:44
GregWasnt it 55% the gov takes?
neo26
04/6/2021
11:44
We don't know. They have issued a guidance range
gregpeck7
04/6/2021
11:43
Whats the total production now for uog, gas and oil separate?
neo26
04/6/2021
11:32
Well I have reduced significantly. Adding to my GENL position so that should keep people who want unhappy holders "out".... Would draw attention to the last RNS, all clearly a bit smoke and mirrors, they report the increase in the workover rate, but no idea how fast it declined so significantly.. That sort of information would be nice to know. Do these wells run down very quickly from initial rates? I do not know but thats a very significant increase for sure... And although they add 500 bopd, only about 200 to UOG... Once cost recovery pool is dry the PSC rules state that the Egypt govt take 70 pct of the production, so for 10,0000 bopd the operators would only see 3,000 Thats the highest number I have personally ever seen.
gregpeck7
Chat Pages: 225  224  223  222  221  220  219  218  217  216  215  214  Older
ADVFN Advertorial
Your Recent History
LSE
UOG
United Oil..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210615 03:53:42