United Oil & Gas Share Discussion Threads

[jailbird] 04/5/2021 08:59

Hi SoulLooks to me the seller is using the good news to sell into every time Once this seller is done I think it go I see very little risk at these levels

[soulsauce] 04/5/2021 08:53

You're counting boepd (i.e including the gas). That is why I said bopd. Hopefully provision will be put in place from the start of production to deal with the gas instead of flaring and then your figure will be right.

[mustbefunny] 04/5/2021 08:47

Where does 335 cone from? I see 258 + 173 =435

[gooner1886] 04/5/2021 08:42

Anyone have level 2? Who are the mms for this stock currently?That spread is a disgrace after an rns like that

[soulsauce] 04/5/2021 08:35

Absolutely nothing to see here, what I have been saying for the last 18mths is all b*llocks and conspiracy and this is all normal trading and above board.

Right I will take my tongue out of my cheek.

Anyway on the constrained choke it looks like another 335bopd to UOG, and then there is a decent amount of gas which I hope will be part of the equation by the time we get producing from there.

[spawny100] 04/5/2021 08:30

And...... down it comes again. Tedious this share.

[gooner1886] 04/5/2021 08:29

Sort the spread out uou c u n t s

[mrbeaky] 04/5/2021 08:16

Good volume anyway, that should help flush out the seller. Unfortunately seller seems like a skiddy that you can’t flush away

[9tintin] 04/5/2021 08:04

Within minutes of the open, Mr Seller plonks a 200k sell into the mix to spoil the party, will be interesting to see who wins out.

Orchestrated containment,,,,,,,,,,,,,,,,,,,,,,?

NAH! you're havin a laugh.

tintin

[9tintin] 04/5/2021 07:57

The RNS does not say from which reservoir they intend to start production - maybe they will co-mingle both - which would be a decent number at 22%.

All looking good for a positive move north today.

tintin

[gooner1886] 04/5/2021 07:41

Love the development leaseApplication part :-)

[parob] 04/5/2021 07:33

Headline test results from both reservoirs EXCEED United's internal pre - drill expectations.More share price target upgrades to come.

[soulsauce] 04/5/2021 07:20

Excellent news. Opens up a new commercial discovery.
Not the numbers of the Ash well but the importance of this well is that it was commercial.

[someuwin] 04/5/2021 07:15

04 May 2021

/+United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

04 May 2021

United Oil and Gas plc

("United" or "the Company")

ASD-1X Well Test Update and Submission of Notice of Commercial Discovery

United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, is pleased to provide the following update on the testing of the ASD-1X exploration well in the Abu Sennan concession, onshore Egypt and the spudding of the AJ-8 development well . United holds a 22% non-operating interest in Abu Sennan, which is operated by Kuwait Energy Egypt ("KEE").

Highlights

-- Notice of a commercial discovery and an application for a development lease covering the ASD-1X discovery have been submitted to EGPC by the operator, KEE

-- The ASD-1X well tested both the Lower Bahariya and Abu Roash C ("ARC") reservoirs
-- Preliminary short-term test results from the Lower Bahariya reservoir indicate:
o A maximum flow rate of 1,619 bopd and 2.840 mmscf/d (c. 2,187 boepd gross; 481 boepd net) on a 64/64" choke

o A rate of 852 bopd and 1.600 mmscf/d (c. 1,172 boepd gross; 258 boepd net) on a more constrained 32/64" choke

-- Preliminary short-term test results from the Abu Roash C ("ARC") reservoir indicate:
o A maximum flow rate of 1,215 bopd and 1.371 mmscf/d (c. 1,489 boepd gross; 328 boepd net) on a 64/64" choke

o A rate of 661 bopd and 0.632 mmscf/d (c. 787 boepd gross; 173 boepd net) on a more constrained 24/64" choke

-- Headline test results from both reservoirs exceed United's internal pre - drill expectations.
-- The EDC-50 rig has now moved to the Al Jahraa Field within the Abu Sennan licence, where drilling of the AJ-8 development well commenced on 2(nd) May

United Chief Executive Officer, Brian Larkin commented:

"Today's announcement is yet another positive result from Abu Sennan, with the notice of a commercial discovery at ASD-1X, and it is very pleasing to see the application for a development lease being submitted. This will not only enhance production but will further increase the proven reserves on the licence.

"The new discovery at ASD-1X is also a positive sign for the remaining exploration potential within the Abu Sennan concession, and we will continue to work with our JV partners to prioritise these opportunities which can ultimately be brought into production in short time frames.

"With the EDC-50 rig now drilling the AJ-8 development well, we look forward to providing further updates on the continuing 2021 Abu Sennan drilling campaign in due course."

ASD-1X Well

The ASD-1X exploration well, located 12km to the north-east of the producing Al Jahraa Field, safely reached Total Depth (TD) of 3,750m MD on 30 March, several days ahead of schedule and under-budget.

Preliminary results suggest the well encountered a combined net pay total of at least 22m across a number of reservoir intervals, including the primary reservoir targets of the AR-C and AR-E, as well as the Lower Bahariya and Kharita Formations.

The ASD-1X well has now been successfully tested from both the Lower Bahariya and Abu Roash C ("ARC") reservoirs. Preliminary short-term test results from the Lower Bahariya reservoir indicate a maximum flow rate of 1,619 bopd and 2.84 mmscf/d (c. 2,187 boepd gross; 481 boepd net) on a 64/64" choke, and a rate of 852 bopd and 1.6 mmscf/d (c. 1,172 boepd gross; 258 boepd net) on a more constrained 32/64" choke. The preliminary short-term test results from the Abu Roash C ("ARC") reservoir indicate a maximum flow rate of 1,215 bopd and 1.371 mmscf/d (c. 1,489 boepd gross; 328 boepd net) on a 64/64" choke, and a rate of 661 bopd and 0.632 mmscf/d (c. 787 boepd gross; 173 boepd net) on a more constrained 24/64" choke.

Based on these preliminary test results, notice of a commercial discovery and an application for a development lease at ASD-1X have been submitted to EGPC by the operator, KEE. Production from what would be the 8(th) development lease within the Abu Sennan licence, would be expected to commence shortly after approvals are granted.

The well was drilled by the EDC-50 rig, which has now been moved to the Al Jahraa Field within the Abu Sennan concession, where the drilling of the AJ-8 development well commenced on 2(nd) May. This well will target the Abu Roash and Bahariya reservoirs in an undrained portion of the Al Jahraa field.

[johncasey] 04/5/2021 00:22

any news about the selva gas field? im in pxen prospect energy and i believe this company has a joint venture in italy...all time low...need a break

[soulsauce] 03/5/2021 23:00

Thanks for sharing fbrj 👍

[parob] 03/5/2021 09:10

Should bring some fresh buyers in tomorrow.

[gooner1886] 03/5/2021 08:33

Very good article.

[parob] 03/5/2021 06:47

UOG in the Sunday Times. Great exposure. Sunday May 02 2021hTTps://www.thetimes.co.uk/article/united-oil-boss-brian-larkin-is-the-man-with-the-golden-gas-fields-l6jqn0nhdUnited Oil boss Brian Larkin is the man with the golden gas fieldsEgypt is a pipeline to profit for United Oil boss Brian Larkin, and now the Bond fan has a licence to drill in JamaicaFull article posted in the Telegram group:hTTps://t.me/joinchat/S8v5DUPgMD78Ot2p

[gooner1886] 01/5/2021 10:14

Theyve doubled share holders money since the summer, ( x5) if you clubt covid crash. Which i dont count btw.Keep doubling share holder value, whats wrong with a bonus?

[spawny100] 01/5/2021 09:48

The bumped up pay packages might have been received more favourably by the market if awarded AFTER a successful farm out of Jamaica. Rewarding yourself in advance is kind of counting your chickens before they hatch and isn't a great look.

[gooner1886] 01/5/2021 09:08

I wont care about an 100k bonus if they sort a farm out deal with jamaica.We will all be in the £££