United Oil & Gas Share Discussion Threads

[shortforever] 09/3/2020 19:57

On the drop , bought here today , looks good to me :)

[thebigbadone] 09/3/2020 17:46

Please see attached Optiva's newly updated Flash Note on United Oil & Gas, in response to current oil price news. The operations and share prices of both the integrated and junior oil and gas companies have come under severe pressure following Saudi Arabia's decision to instigate a global oil price war compounded by the impact of the coronavirus and efforts to contain it. However, in this regard we note that United is comparatively well protected from the worst of the potential downside given that more than one third of the company's production from the Abu Sennan concession in Egypt is protected by fixed price mechanisms for both oil and gas. We estimate that some 33%-38% of United's Egyptian oil and gas production is contracted at fixed prices affording the company significant protection from the current oil price environment. As outlined in our reports in January and February 2020 we initially ascribed a valuation of United's interest in Abu Sennan of almost $35m. Just as we would not upgrade this assessment immediately in the face of an oil price spike, we feel it only prudent to gauge our next valuation assessment in the context of the direction of oil prices over the next two to three months during a period of relative stability.

[xxnjr] 09/3/2020 16:21

6600/(30.5*1700) or 12.7%

[p@] 09/3/2020 16:01

someuwin-how much is a portion?

[soulsauce] 09/3/2020 10:01

Thanks someuwin.

Suffered rather harshly this one.

[xxnjr] 09/3/2020 09:59

sorry, 6600 @ $60 bopd :)

[someuwin] 09/3/2020 09:36

United Oil and Gas‏ @UOGPLC · 17 minutes ago

#UOG Our Egyptian financing structure with BP includes a portion of production at a floor price of $60/bbl for c.6,600bbls of crude oil / month for 30 months effectively hedging this portion of production allowing UOG to benefit from market prices above $60

[xxnjr] 09/3/2020 09:34

Post 2355 might be a 'virus'.
Probably best not to click on that link.

[xxnjr] 09/3/2020 09:06

Suppose 'transformational' really means they are now a producer. Agree it's not a game changer as a percentage of that brokers NAV. OTOH Egypt is real. Italy is real. The rest may never get drilled. Also Crown may not proceed to FID, so could come back into portfolio. Did we get the $1m from the Malaysians? The 6K at $60 per month in Egypt will help to keep the lights on.

[xxnjr] 06/3/2020 23:10

They haven't made a decision on Benin option yet. It's still under evaluation.

[backtogo] 06/3/2020 18:29

This is going to 1p. Oil into 30 bucks next week.Take it or take half, your choice.RegaaardsKash

[spangle93] 06/3/2020 18:07

What's happened to Benin?

I thought that was a great oportunity to spend a little money to increase value quite significantly and then spin it off, but I haven't even heard when we've taken up our option to participate

I would relish an update from the company as to where we are with each of the assets, because it's all been the "transformational" one recently (though that's debatable, since at least one of the brokers values it at less than 50% of our assets)

[cashandcard] 06/3/2020 17:55

Problem is, you need to be connected to deal with dictatorship and it's ministries and gain their respect. The BP's Shells Apaches offer huge investment in infrastructure which the state needs, they won't mess them about. But it's a different story for others. Many smallcaps have been to Egypt and struggled. Not struggle operationally, at field level, but bureaucracy and of course getting paid for their oil sales. In a downturn, the government will have to balance any deficits and it's usually the oil companies, particular small ones that are made to 'carry the weight'.I'd rather Jamaica at this point, it's just distrust of the government there - not the geology.Cash

[soulsauce] 06/3/2020 16:50

A good chunk of our production is gas as well.

[xxnjr] 06/3/2020 16:28

Egypt is relatively good in a low OP environment, as, and I'm quoting from Apache's webcast last week, "Egypt is relatively insulated at lower oil prices due to PSC
mechanics", i.e your % take can increase as the OP reduces. In fact it's so good Apache are now "shifting Permian activity to Egypt" as Egypt better competes for capital in their global portfolio.

[backtogo] 06/3/2020 14:55

lol 1p soon. oil heading to 30 bucks

[cpap man] 06/3/2020 13:40

Recently we have received analyst notes from our brokers. Please follow the links below to read the reports.



Cenkos

A new price target for United Oul & Gas in the wake of our recent Egypt acquisition, sees some 270% upside to the current market price.

House broker Cenkos has adjusted its price target to 9.09p, up from 8.9p, against a market price of 2.45p.

Please click on the button below to read a media writeup of the report.
*Cenkos note in full is available to Institutional and Professional investors only.



Optiva Securities

Optivas's valuation of United’s interest in Abu Sennan is $35m.
This represents a per share valuation of 4.3p. The company’s current market capitalisation is well covered by their valuation of Egypt alone and United comfortably justifies 10.4p valuation for the wider portfolio.

Please click on the button below to read the full report.

[donsan] 06/3/2020 10:56

A new price target for United Oil & Gas PLC (LON:UOG), in the wake of its recent Egypt acquisition, sees some 270% upside to the current market price.

House broker Cenkos has adjusted its price target to 9.09p, up from 8.9p, against a market price of 2.45p.

Cenkos also repeated a ‘buy’ recommendation for the AIM-quoted share.

[xxnjr] 05/3/2020 07:00

cashandcard 2 Mar '20 - 14:35 - 2338 of 2341

They need Jamaica news to bring some life back into this.....

TLW are taking an $800m charge, which includes

"The remaining write-offs include Jethro, Joe and Carapa well costs in Guyana as a result of drilling results and Kenya Block 12A, Mauritania C3, PEL37 Namibia and Jamaica licence costs due to the levels of planned future activity or licence exits."

UOG seem to be suffering from TLW'itis i.e. they don't seem very disciplined in a geographical sense.

[soulsauce] 02/3/2020 16:49

I have not seen it yet, just listened to the conference call.

I want to listen to the call again in conjunction with the presentation.

[spangle93] 02/3/2020 16:38

Soulsauce

Was this the presentation that you saw on Friday