United Oil & Gas Share Discussion Threads

[snickerdog] 20/8/2020 18:29

I apologise but you are overly critical at times and you don't seem to be able to grasp simple concepts which are pointed out to you - for example the retail selling which you continually refer to as a 'seller' Any 'seller' being previous loose placees now done. You also criticised those placees even being shown the stock - trust me if the company had had any choice they would not have got a sniff, markets were tough.It is quite possible to find out and understand issues or to listen without continually posting negative things on bulletin boards.

[soulsauce] 20/8/2020 18:07

The only thing I wish snickerdoodle is that the price goes up and stays up.
You have told me to FO twice now. You are wasting your time.

[snickerdog] 20/8/2020 17:57

Mustbefunny - exactly, nothing pleases Saucyguts - he would probably rather still be down -4% so it would give him something else to complain about

[mustbefunny] 20/8/2020 17:49

Active promotion. That's a bad thing now?

[snickerdog] 20/8/2020 17:43

Soulsauce you think you are smart but you are not. Misery, misery, misery. When can you sell and FO?

[hermana3] 20/8/2020 17:16

Wee Brian is a junior oil co. CEO ie an active promoter. Caveat Emptor applies....

[soulsauce] 20/8/2020 17:05

He's always got a good excuse ready though Spangle, brexit, tough market, sector weakness, yadayadayada. 😏

[spangle93] 20/8/2020 16:57

That's what annoys me about Larkers. He banks things that haven't actually happened, and he claims to be in control of things when he isn't.

Example in this clip -he says right up at the start "we've tripled production in Egypt"... but then drops in "we're working to hook up ES-5". So as of now, no, they haven't tripled it. The operator will have tripled it when the well is flowing continuously and generating revenue.

Another classic is "we've got $5MM from the sale of Crown". Well, apart from the minor oversight that UOG actually has 95% of Crown, he will have got $5MM for partners only once there's production, which could be years away. The $5MM is set up as a series of milestone payments. "Subject to milestones relating to the approval of the Marigold Field Development Plan being achieved, an additional sum of up to US $3 million will be paid before the end of 2020" which if things go according to plan will close out $4MM by the end of this year. That aspiration was pre-CoVid, how are we doing at gettting our cash.

Likewise he can work as many of his exploration targets up as he likes - 5, 35, 135, it doesn't matter. UOG is not the operator, and until the operator aligns the partners with a work plan and budget, all he's doing is preparation for a meeting.


Have you seen that mental acuity exercise where you get a paragraph of text but each word only has the first and last letters correct, and the letters in between are garbage, but somehow you can make sense of it? Well, the audio equivalent of that is Larkers stringing long sentences together, full of long clauses punctuated by infrequent commas, and throwing in exciting words - asset, value, shareholders, adding, delivery - but actually if fact checked, clause by clause, not all of it is correct. It's aspirational rather than grounded.

When/if he delivers the Jamaica farm in, then we'll be aligned here as to whether he's the Messiah or a very naughty boy ;-)

[soulsauce] 20/8/2020 16:56

Lol hermana 😉

[hermana3] 20/8/2020 16:46

The wee man is outdoing The Donald at this rate!

[soulsauce] 20/8/2020 16:37

Desperate tweeting from the wee man. Another 3 tweets and he'll have repeated all that Proactive interview.
Ah sure enough so, it strengthens the share price for a bit but doesn't stop the tide of sells.

[soulsauce] 20/8/2020 16:13

Ahh the old silly PIs scenario lol. Yes there are so many PIs that can't see value here that it is beyond comprehension.
Jason you are right it is tedious and it is very fishy.

[cpap man] 20/8/2020 15:50

Tw*tt*r

Tweet

United Oil and Gas

@UOGPLC

#UOG Clapper board

Video: Brian Larkin describes Jamaica as "game-changing" & touches upon upcoming activity from Egypt where ES5 gas flows will shortly be put into production as well as beginning work on 35 drill targets at the licence which has historically had an 80% chance of success....

[snickerdog] 20/8/2020 15:08

Nothing untoward about that Jason, they are probably as annoyed at the small sells. Silly PIs getting bored when they should be holding fast before news kicks off again !

[jason_scrap] 20/8/2020 14:53

Company tweets then volume increases.... Selling really getting tedious now.... fishy lol

[chessmaster10] 20/8/2020 14:49

Hmmm.

Despite looking like we were on our way a few days ago, price has now dropped back and currently dipped below the 50 sma.

Selling volume still seems low, but I'd like to see a bullish pin bar today. A close below the 50 would be bearish, short term at least.

Perhaps we need a catalyst to kick this up to the next level, it does feel like a coiled spring.

[cpap man] 20/8/2020 11:00

Various including the NOMAD and company have clearly stated it is NOT RKH

As I have suggested to other posters it would be a good idea if you also contacted the NOMAD and company reference RKH for further verification

[cpap man] 20/8/2020 10:56

On the down days the volume is relatively light considering the current MKT CAP which is bullish

My opinion has always been that there were and indeed still are [but fast running out of ammo] investors most likely from the last extremely difficult placing who are on balance sellers

At some point soon in my view this will end with an explosive rise in the share price most probably on the back of news flow

[jason_scrap] 20/8/2020 10:22

The price isn't moving because there's a large seller. Every time we get going its sold into Simple. Question is who, and why would anyone sell at these prices, unless they know something that we don't. That is whats worrying investors.

[90005nelson] 20/8/2020 10:05

Egypt & Jamaica assets are worth far more now than when they were originally acquired. Yet to be reflected as the company is also far better position.

[90005nelson] 20/8/2020 09:57

I'd say buying pressure because the share price has doubled since I bought in.

[9tintin] 20/8/2020 09:08

The share price is where it is due to selling pressure,,,,,,,,,,,,,,,

What's the difference?

It is what it is - the share price is moribund for a reason, which at this time is an unknown.

tintin