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
  -0.95 -23.46% 3.10 3.00 3.20 3.50 3.05 3.25 10,087,641 14:48:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.8 -0.3 - 11

United Oil & Gas Share Discussion Threads

Showing 2176 to 2198 of 2200 messages
Chat Pages: 88  87  86  85  84  83  82  81  80  79  78  77  Older
DateSubjectAuthorDiscuss
09/12/2019
17:31
Yes that's how I was thinking as well and given the BP part financing and cash resources I expected the placing to be smaller in scale and at a price of at least the suspended price given the future low cost production in relation to market cap, but unfortunately that wasn't to be.
bountyhunter
09/12/2019
17:28
Cheers bountyhunter. I was hoping given they said it was transformational that they would have managed to get something away akin to Serica. I was way wide of the mark unfortunately. Hopefully they can turn this around but I must admit it's a bit hard to be happy at the moment.
soulsauce
09/12/2019
17:25
Well done to techtrend who of those who had a guess while suspended got the nearest with a prediction of 4.0p, Spangle coming a close second at 4.25p.
bountyhunter
09/12/2019
17:01
Quite right soul, very easy for some to be wise after the event! The placing price is disappointing but market conditions for a small cap to raise funds right now are not good, although I am still surprised at the scale of the placing as well as the level of discount. I got this wrong as well but that was my personal opinion and throughout the suspension so couldn't affect anyone's investment decisions. I still think we could be a fair proportion higher in a year or so time but there will now clearly be quite an overhang to clear first.
bountyhunter
09/12/2019
14:01
@iLeeman well that would be true if Uog were raising in that timeframe but were not. Uog came up from 3 to 4p before suspending and placing. I know what you was saying and already said I got it wrong. Have a good day yourself.
soulsauce
09/12/2019
13:53
@Soulsauce that is irrelevant, if you say RBD was walked down from 1.4p then placed at 0.9p then you have to say the same about UOG walked down from 5-6p and placed at 3p. If we just stick to the shareprice pre raise then RBD raise is better and they raised a larger amount. Anyway going off topic, all I am saying maybe dont shut down a difference of opinion. Have a good day.
ileeman
09/12/2019
13:01
I bought £10k worth of these a few months ago at just under 3p. Sold today and made about £300.... could have been worse I guess.the outlook for oil and gas investment has changed dramatically over the last few months, and I'm saying that as someone who has worked in the industry for 30 years.....
failedqs
09/12/2019
12:17
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costax1654x
09/12/2019
11:29
The comparison was about getting placings away and the quality of the asset that is why I mentioned RBD. 12% lol. It was walked down from 1.4p and is now 0.75p after raising at 0.95p. If W-N is so good why has that happened? Like I say I own RBD so not having a dig for the sake of it. Yes and I was wrong with my prediction. I will post a gold star to ADVFN with your moniker on it.
soulsauce
09/12/2019
11:12
If we are talking about prevailing shareprice to when the placings were announced to be more precise you are right UOG about 30% discount RBD 12% discount still that is a huge difference and to me yes that does tell you something about the quality of the two assets. Not sure why you are bringing up Reabold as it is a bad comparison. For clarity all I said a few months ago was we need to wait for the placing price before making these silly predictions and I was right.
ileeman
09/12/2019
10:31
@iLeeman, I was wrong about the relisting price but there was no intention to mislead. Markets have deteriorated but that said I may have been a little too taken in by the 'transformational' wording by the mgt. And it IS good to have balance, so my bad. But get your figures right it is not 30-40% discount, it is actually about 28%. And RBD touched 1.4p before it was walked down to 0.95p while the placing was being done and bad house keeping allowed the news to sneak out so it was hardly a 10% discount unless you are massaging the figures. For balance I hold RBD shares.
soulsauce
09/12/2019
10:20
@Soul AKA the one who wanted to shut any opinion of balance, yes you could say that about UJO as it is a dog on the other hand RBD has done some amazing placings recent placing to take majority of West Newton was only done at a 10% discount to share price at the time compared to UOG 30-40% discount. The way you talked day in and day out about a significant opening price was just misleading, balance is a good thing.
ileeman
09/12/2019
10:01
Well time will tell thebigbadone, at the moment it's a bit of a kick in the gonads.
soulsauce
09/12/2019
09:29
Give away price is spot on! Huge value down here at 3p.
thebigbadone
09/12/2019
09:15
A lot of glass half empty this a.m. @ UOG - the placing was originally going to be at the circa 3.5p to 4p price area but due to the current extremely poor market conditions the price got chopped back to an almost give away price of 3p There is no reason why UOG can not [assuming of course that market conditions within the small cap natural resources sector improve] within the next year become at least a 1X BAGGER
cpap man
09/12/2019
08:50
And that was always the issue they had to get away a good placing. If the asset is so good why is the placing price so poor? People saying 100%+ on relist are bonkers. Resident rampers try to shut down any sort of debate, just stuck to name calling.
ileeman
09/12/2019
08:14
Strange wording on Italy? And with Tullow having another disastrous day I wonder about Jamaica.
soulsauce
09/12/2019
07:49
Should be able to buy this circa 2.8 in coming months.
stockport loser
09/12/2019
07:45
Brian Larkin, CEO, said: "The Rockhopper Egypt Acquisition is a transformational development step for our Company. Upon completion of this deal, United will have material production which will generate significant cash flow for reinvestment into the business. In addition, we look forward to announcing the completion of our Crown divestment before the year end. We also gain exposure to an exciting fully funded development programme in Egypt which includes four wells in 2020. Along with activity across our wider portfolio, including the potential for future production from Italy and moving our Jamaican asset forward, we expect 2020 will not be short of significant news flow across our asset base. We are now on track to transform United into a highly cash generative and asset backed business and I would like to thank shareholders for their support so far, especially with reaching this important milestone in United's journey."
cpap man
09/12/2019
07:42
What with 159m shares to churn through, I doubt it.
soulsauce
09/12/2019
07:32
Not really. It's a very difficult environment to raise in currently. Any raise is impressive. Not the price any of us wanted but this should climb to around £30-40m mcap soon enough.
thebigbadone
09/12/2019
07:20
3p? For an 79% dilution Good luck to those who punted high in the relisting competition :-(
spangle93
09/12/2019
07:19
Looks like a £19m MCap on relist - with 1,100 barrels and four development wells to be drilled very cheap
snickerdog
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