United Oil & Gas Share Discussion Threads

[spangle93] 03/9/2020 11:41

Assuming it's the same company (the operator is listed as "United"), it appears that UOG has been provisionally awarded 100% equity in two part-blocks in the 32nd UK offshore licencing round.
Thanks to Steelwatch on SQZ thread for the link



Looks like it's SE of Zeta

[tidy 2] 03/9/2020 09:13

1.388m buy

[bozzawozza] 02/9/2020 18:19

Even a small amount of good news will put this through 4p

[theuninvitedguest] 02/9/2020 17:59

A lot of news flow in the next few weeks then. Will we see ES5 rates before the end of the month?

[parob] 02/9/2020 16:39

Malcolm Graham-Wood is interviewing BL on Friday and said he will write it up soon afterwards.That may bring new investor interest over the weekend.

[dandadandan] 02/9/2020 16:33

Waiting for the next set of financials from BL.

It sounds like we are in for a nice bonus from Egypt.

Just waiting for that BL interview.



Cenkos also like these. They must have also got wind of some good news this month.
Multibagger in the making. It has been a long wait.

Patience pays

DDDD.

[tidy 2] 02/9/2020 16:25

Close above 3.5 and it's game on guys.

[mesquida] 02/9/2020 13:40

I suspect that we will get back to this morning's high point (3.6 bid) before the close of play. And if we manage to close at that level, with volume of say 25 million, then our chartist friends are going to turn super bullish.

[markstevenkirby80] 02/9/2020 13:04

This month my prediction

[markstevenkirby80] 02/9/2020 12:56

When will we get the new highs

[parob] 02/9/2020 11:27

20M shares traded and its not even midday.

[dubjon] 02/9/2020 09:55

It will be quite illuminating to see how strongly the dip is bought.

[the chairman elect] 02/9/2020 09:50

In my view @ UOG it is now a simple case of buying any short lived dips in the share price [as is happening right now as I type this post]

[spangle93] 02/9/2020 09:29

Briefly a wobbly leg moment there when I thought I was going to reach break even!

[mustbefunny] 02/9/2020 09:08

Looks like we're churning through a good chunk of the 114M again

[90005nelson] 02/9/2020 08:53

I'm expecting them to buy into another near term production asset from their cash pile around year end.

[bozzawozza] 02/9/2020 08:31

5 million traded in the first 30 minutes, that's not too shabby at all ?

[parob] 02/9/2020 08:30

Just one third of those analyst targets takes us to 5.6p.

[bozzawozza] 02/9/2020 07:52

I'd be happy with reaching half that price

[parob] 02/9/2020 07:38

So Share Price Targets:

Optiva: 17.7p
Cenkos: 17.1p (out today)

[soulsauce] 02/9/2020 07:23

Cheers someuwin appreciated.

[someuwin] 02/9/2020 07:21

Cenkos update:

2 September 2020

United Oil & Gas Plc

A Globally Diversified, Full-Cycle Producer

United Oil & Gas has announced the successful placing of Rockhopper Exploration’s 18.3% shareholding in United with a small number of institutional investors and one private investor at 2.66p per share. At a time of relative uncertainty in the sector, the placing significantly strengthens United’s shareholder base and provides a clear vote of confidence in the business model, management team and assets. We update our valuation to use the latest Brent and Italian PSV forward curves, increasing our valuation to 17.1p (from 17p), a 407% premium to the current share price.

* Globally Diversified Producer – We believe United is the only globally diversified, full-cycle producer on AIM. United’s strategy is to maximise value from its low-risk, cash generative business in Europe and Egypt whilst also looking for low-cost, highreward exploration opportunities.

* A Vote of Confidence – United has successfully placed Rockhopper Exploration’s 18.3% shareholding in United with a small number of institutional investors and one private investor. At a time of relative uncertainty within the oil and gas sector, we view this support as a clear vote of confidence for United’s assets, its strategy and the management team. At 2.66p per share, the disposal price represents a 6.7% discount to United’s closing price on the 26 August 2020, and a 13% discount to Rockhopper consideration share issue price of 3p per share in February 2020.

* Industry Leading Costs – With operating costs of just US$6.5/boe and G&A costs of cUS$3/boe, we believe United is one of the leanest companies in the sector, making them much more resilient to commodity price volatility. At US$6.5/boe, the low operating costs at Abu Sennan provide solid operating margins, even at

* Share Price Performance – A common complaint with small cap stocks is a lack of liquidity, however in United’s case this is not the case. With an average daily liquidity of 1.7% of its free float over the past three months, United’s liquidity is only second to Hurricane in the AIM E&P space. With a high amount of activity across its portfolio and regular engagement with both institutional and retail investors, United has definitely caught the attention of the market.

* Valuation update – We update our valuation, incorporating the latest Brent and Italian PSV gas price forward curves to 17.1p/share (from 17p/share), a 407% premium to the current share price.

[90005nelson] 01/9/2020 18:45

Great Buy well done