United Oil & Gas Share Discussion Threads

[snickerdog] 26/2/2020 17:28

This thing is far too cheap now

[soulsauce] 26/2/2020 16:14

Let me tell you what will be happening and why selling has increased since the last Rns.

The Rns gave those who participated in the raising confidence the deal is done and will be getting their new cheap shares.
It is clear from that Rns and finishing down on the day some started selling to have their shares replaced this coming Friday.

Now also if you are looking to derisk in this dire market what are you going to dump. Ah yes some shares that are (for all intents and purposes) in profit that are going to get replaced Friday at 3p, hence the jump in volume.

It's what I would do so I know others will be doing it.
What you say may also be true because some might be having to find money to pay for shares they wished they hadn't committed to if they had known the market was going to turn, hence the sells below 3p.
But let's be honest it is the market coupled with the raising causing the big drop.
Why else would it be my biggest faller not only across my Oilers but across my portfolio when it is taking on a 'transformational' asset in a matter of days.

15m traded should tell you something. Apologies for being boring and repetitive.

[buzzzzzzzz] 26/2/2020 16:00

SS

What may happening is this, I actually paid for my shares in Dec but I have only just received the contract note dated for settlement on the 28th Feb.

So it could be that some have participated in the offer and not paid yet and are selling up before settlement.

I would be surprised if this was the case as the company would have already received their money by now and I doubt a broker would have given clients credit since early Dec.

[buzzzzzzzz] 26/2/2020 15:43

Soulsauce

No one's flipping it's just the general market.

Stop blaming the overhang for all the evil it's getting boring and repetitive.

[soulsauce] 26/2/2020 13:26

Looks like the luck has rubbed off dropperking.
Share price below 3p again as the flippers have been taking what bit of profit they can.
Not a good time to have an overhang in this market.

[dropperking] 25/2/2020 20:18

Brian is a good CEO maybe luck off the Irish too .....

[dropperking] 25/2/2020 19:46

Time to buy looks promising this:)

[sammyshares] 25/2/2020 11:26

bearish divergence on MACD

[smackeraim] 22/2/2020 22:18

https://t.me/sharediscussion join Telegram and try get some UOG chat going guys

[burtond1] 21/2/2020 13:33

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[soulsauce] 21/2/2020 07:31

Don't click on that link.

[bountyhunter] 20/2/2020 18:03

Also many may have missed the RNS given the bizarre timing! One for the middle drawer :)

[soulsauce] 20/2/2020 17:59

bountyhunter perversely I think the news has given confidence to some of those that hadn't flipped yet, as it is now a lot more certain that those cheap shares are going to be winging their way into their accounts.

[bountyhunter] 20/2/2020 17:54

That makes three of us!

Plenty of positives in this afternoon's RNS yet we end up down on the day! Unbelievable!

[soulsauce] 20/2/2020 15:18

Indeed marvelman ;-)

[marvelman] 20/2/2020 15:10

Frustration can come accross as miserable snicker so I think I might also be just as "miserable" as Soulsauce :-))

[soulsauce] 20/2/2020 14:48

Is that a rhetorical question snickerdog?

[snickerdog] 20/2/2020 14:38

Soulsauce, why are you so miserable !Forward selling probably not a bad thing at is means that flippers are out early

[cpap man] 20/2/2020 14:10

ASH-2 well

ASH-2, which was drilled to a total depth of 4,030m in the Alem El Buieb (AEB) Formation, has been completed to allow selective production from both an upper and lower reservoir interval. The upper and lower intervals were tested separately at maximum gross rates of 7,027 and 3,851 bopd respectively.

ASH-2 came on stream on 2nd January and has been consistently producing at over 3,000 bopd (660 bopd net to Rockhopper's 22% interest) on a 32/64" choke. The well will continue to be monitored over the coming months, and during this period, the interpretation of the test data and the longer-term planning for the ASH field-development will continue with the joint venture partners and Egyptian General Petroleum Corporation ('EGPC'). The rig is currently being mobilised for the first well in the 2020 infill programme (El Salmiya 5) which is expected to spud shortly.

Since ASH-2 came on stream, gross production from the Abu Sennan licence has averaged c. 8,000 boepd, which equates to c. 1,760 boepd net to Rockhopper's 22% interest.