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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
  0.10 3.57% 2.90 2.70 2.90 2.80 2.65 2.65 2,428,644 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.0 -0.6 - 18

United Oil & Gas Share Discussion Threads

Showing 4076 to 4100 of 4100 messages
Chat Pages: 164  163  162  161  160  159  158  157  156  155  154  153  Older
DateSubjectAuthorDiscuss
05/12/2020
06:14
Trying to find a oiler as undervalued as this, most around this price are making heavy annual loses.We should have a profit this year and a big increase on Assets on the balance sheet. Any guess on value of Assets they will post for year accounts? Curious as to what value 100% Jamaica will be.
theuninvitedguest
04/12/2020
18:11
I keep looking for an interview with Brian about the receipt of payment for Crown, but I haven't seeen one published yet.
spangle93
04/12/2020
08:42
To my eyes, the chances of being paid have improved. No effect on the bottom line AFAICS, unless the asset is returned and impaired more than we've already been paid for it.
swanvesta
04/12/2020
07:52
Gsus it's gonna be another dusta Derek! :#
valhalla3
04/12/2020
07:45
I had a long chat with BL just the other day....2021 with the oil price headed back to $60....is potentially looking very promising for UOG especially in Egypt with rising revenues!
the chairman elect
04/12/2020
07:38
Yes cleverly says doesn't affect the operations in Egypt but what does it mean for the bottom line as a whole for the company?
soulsauce
04/12/2020
07:30
Tone of the RNS especially from BL much better [no sugar coating - it is what it is] At least it has NO impact on the drilling over the Christmas & New Year holidays
the chairman elect
04/12/2020
07:26
Didn't see that one coming Brian 🤔😄
soulsauce
04/12/2020
07:25
Crown money delayed hTTps://www.investegate.co.uk/united-oil---38--gas-plc--uog-/rns/update-on-crown-disposal-milestone-payment/202012040700025266H/
spangle93
03/12/2020
10:01
ooops spangles... silly me! good point re net :-) Not really following this closely but will do when rig operations get underway again. Still in virtual lockdown so to speak but have had a decent run of late on covid news related OP recovery aiding producers. Trust all is well with you.
xxnjr
02/12/2020
19:43
xxnjr - from your quote, that's 220 boepd NET The pipeline is 1000 boepd GROSS "This pipeline has the potential to add up to 1,000 boepd of gross production", from today's RNS By coincidence, we have 22% equity. Ergo, the pipeline is just for ASH-2... QED? And we'd have to wait for another one for ASH--3 PS Noticed a gap in your posting. Hoping you were spending winnings somewhere :-)
spangle93
02/12/2020
18:29
Ash is indeed a lot less gassy than ES but that is a good thing. My reading is the gas pipeline was sized to about 1000 boepd, or roughly about 5 or 6 Ash wells (with a bit of drop off on the earlier wells), given that the 6th July Cenkos note said ".....Over the next 12-months we see a significant amount of planned activity across the United portfolio. Following the success of the ASH-2 well in December 2019, United has indicated that the gas from the ASH-2 well will be tied into facilities at El-Salmiya adding an additional 220 boepd net. The main thing is the Ash-2 well has produced about 1m bbls in less than a year. Presumably still churning out roughly 3K bbls a day then?
xxnjr
02/12/2020
17:33
Spangle, first half of June was with ES-5 testing wide open? Every enthusiast wants to show off the best snaps of their baby! At interims forecast for H2 was a 'conservative' 2300, so no disappointment since then.
swanvesta
02/12/2020
13:30
Snickerdog: I think there is a good to be positive about in this announcement. But there is nothing actually new that's been delivered, so that's probably why the share price hasn't moved much. (Future) Positives - ASH-3 is the next well, given the success of ASH-2 - Well target is updip - recognising nothing in the subsurface world is ever what you expect, updip of a production well is in most cases pretty nailed on, and hopefully will deliver similar stonking rates to ASH-2 - Rig is expected to start drilling before the end of this year, which is earlier than I'd pencilled in - They plan to get after the exploration targets - there are a lot on the block and my reading of the situation is that they have a limited time to progress them - Funded from cashflow - no confetti machine needed for Egypt at least (Actual) Negatives - ASH-2 gas pipeline not yet complete and commissioned. Way overdue. - I can't find anywhere the quoted gas rates from ASH-2, all volumes I can find are bopd. However, 1000boepd gross seems pretty poky. If we use 6,000 scf = 1 BOE, then 1,000 BOEpd = 6MMscf/d. For comparison, El-Salmiyah-5 alone tested at 18 MMscf/d. So either ASH has a much lower gas content, such that 2 ASH wells = 1/3 of ES5, or some gas will continue to be flared, or it will be a constraint on the oil production - Linked to above, the production. Larkin has been trumpeting 3,000 bopd in his pieces to camera but as usual, he's banked what hasn't yet been delivered. The RNS on 24 June said "3,060 boepd net working interest) average production from the Abu Sennan concession for the first half of June". So I was expecting a figure a bit more in line with this, rather than projected numbers from earlier in the year. Edit - the P ro ac tive interview is worth a listen. But as predicted that was the first sign that Selva wouldn't be 1H, now it's just "in 2021".
spangle93
02/12/2020
13:22
Proactive interview out.
soulsauce
02/12/2020
13:10
Perhaps seeing is believing? Once spud and gas tie-up is announced the operations side should be settled, and cashflow reasonably secure. That's important in case of disappointment with the Crown payment.
swanvesta
02/12/2020
11:29
17p + next year
markstevenkirby80
02/12/2020
10:48
Yeah great, the market loves it. Not even a sniff of getting back above 3p 🥱 But did I not say 'decent update' in my first post this morning or did you conveniently miss that?
soulsauce
02/12/2020
10:40
Soulsauce - they have committed to a lot of activity here, surely SOMETHING to be positive about
snickerdog
02/12/2020
10:21
Well that went down as well as a fart in a space suit.
soulsauce
02/12/2020
07:42
Nice to see these guys embark on a multi-well campaign that should help boost production levels. Even the exploration well sounds as if its got its merits. Hopefully after all that the market cap will start to reflect its current production and assets let alone future. Should be a very strong start to 2021 here, fingers crossed. Regards, Ed.
edgein
02/12/2020
07:34
Decent update but very disappointing the gas production from Ash is still not connected and still have a very woolly date of it being completed. Absolute travesty for our coffers and the environment that amount of gas continues to be flared. I imagine the same continues to be wasted at ES-5.
soulsauce
02/12/2020
07:31
United Oil and Gas plc ("United" or "the Company") Operational Update - Egypt · EDC-50 rig has been contracted to commence a drilling programme on the Abu Sennan concession · Drilling will start with the ASH-3 development well, which is planned to commence in the coming weeks · Expected follow-on targets include a low-risk exploration well, and a further development well on the ASH structure · Working interest production from Abu Sennan on target to exceed previous guidance of 2,300 boepd for H2 2020 · ASH gas pipeline to boost production from start of 2021 United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets offers an update on the Abu Sennan Licence in Egypt (United 22% working interest), including the signing of the rig contract for the ASH-3 well. The EDC-50 rig has a history of successful drilling in the Western Desert. It has been contracted for a drilling programme, starting with the ASH-3 development well, with low-cost rig-rates linked to oil-price. The campaign will be funded from operating cashflow. Subject to EGPC approvals, the rig is due to come on site before the end of the year, with drilling starting shortly after this. It is anticipated that the ASH-3 well will take up to 60 days to drill and test. The ASH-3 well will target the producing Alam El Bueib (AEB) reservoirs in an area of the ASH Field updip of the ASH-2 production well, which came onstream at the beginning of the year, and which to date has produced in excess of 1 million barrels. The ASH-3 development will be the first well due to be drilled by the EDC-50 rig in the 2021 campaign. United expect the second well in the drilling schedule to be an exploration well, targeting the Abu Roash reservoirs in the 4-way dip-closed Prospect D structure in the north of the Abu Sennan licence, close to the producing Al Jahraa field. This is a low risk well, located close to existing infrastructure, capable of being brought into production quickly. Average production rates on the Abu Sennan Licence for the second half of 2020 to 29 November are c. 2,370 boepd net to United's working interest. This is a 20% increase to the average H1 production achieved after United's entry to the licence at the end of February. Average H2 production is likely to exceed the previous guidance of 2,300 boepd net. In the near term, production is due to benefit from the completion of the ASH-2 gas pipeline, expected to be brought onstream at the start of 2021. When completed, the pipeline will substantially increase recovery rates and reduce the need to flare gas, improving the environmental performance of the licence. This pipeline has the potential to add up to 1,000 boepd of gross production. In order to give greater visibility to shareholders, United will, from January, report production levels on a quarterly basis. United Chief Executive Officer, Brian Larkin commented: "Following an intense period of planning, we are delighted to be ready to re-commence drilling activities at the Abu Sennan licence, fully funded from our operating cashflow. We have worked closely with the operator, Kuwait Energy Egypt, over recent months to design a drilling campaign for 2021 and believe the scheduled wells can maintain the exceptional record of over 80% drilling success which has been achieved on the licence to date. "The Abu Sennan licence continues to perform strongly and deliver low cost production growth. With over 35 mapped prospects on the licence and following on from the outstanding success of the ASH-2 and ES-5 wells where drilling outcomes significantly exceeded pre-drill expectations it offers excellent potential to deliver even greater returns for the licence partners. We look forward to updating shareholders on the progress of the ASH 3 development well in the coming weeks and months."
the chairman elect
02/12/2020
07:12
Average production rates on the Abu Sennan Licence for the second half of 2020 to 29 November are c. 2,370 boepd net to United's working interest. This is a 20% increase to the average H1 production achieved after United's entry to the licence at the end of February. Average H2 production is likely to EXCEED the previous guidance of 2,300 boepd net.In the near term, production is due to benefit from the completion of the ASH-2 gas pipeline, expected to be brought onstream at the start of 2021. When completed, the pipeline will substantially increase recovery rates and reduce the need to flare gas, improving the environmental performance of the licence. This pipeline has the potential to add up to 1,000 boepd of gross production.
parob
02/12/2020
04:29
Very impressive and really good addition to UOG I'm now having a conversation with myself here, time for bed (on nights to clarify) hahahaha
theuninvitedguest
Chat Pages: 164  163  162  161  160  159  158  157  156  155  154  153  Older
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