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UOG United Oil & Gas Plc

0.19
-0.005 (-2.56%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
United Oil & Gas Plc LSE:UOG London Ordinary Share GB00BYX0MB92 ORD GBP0.00001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -2.56% 0.19 0.18 0.20 0.195 0.19 0.20 2,295,120 15:42:31
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 15.83M 2.35M 0.0036 0.53 1.25M
United Oil & Gas Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker UOG. The last closing price for United Oil & Gas was 0.20p. Over the last year, United Oil & Gas shares have traded in a share price range of 0.19p to 2.15p.

United Oil & Gas currently has 656,353,969 shares in issue. The market capitalisation of United Oil & Gas is £1.25 million. United Oil & Gas has a price to earnings ratio (PE ratio) of 0.53.

United Oil & Gas Share Discussion Threads

Showing 5351 to 5373 of 7500 messages
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DateSubjectAuthorDiscuss
06/5/2021
17:39
9tintin 6 months ago the shareprice closed at 2.9p today it closed at 5.2p which is a 79.31% increase. If we go from 6 weeks ago where it closed at 4.6p it is a 13.04% increase which works out at over 2% per week. Maybe not hundreds of percent but solid nonetheless and we're currently on the next up leg which should see the last swing high (at 6.34p) taken out within a week or two.
the manini
06/5/2021
15:20
Swan

Much appreciated for your clarification - maybe goes some way to explain the turgid response to all the good news - though I don't think that's the whole story here.

Would you have a view on the lack of positive movement in the share price over the last six months? Edit - make that last six weeks !!

Cheers

tintin

9tintin
06/5/2021
09:33
"Am I missing something ?

The rate imposed on the profits realised by oil and gas exploration and exploitation companies is 40.55% (Article 49, Egyptian Tax Law No. 91 of 2005 and its Executive Regulation)"

The Egyptian General Petroleum Company (EGPC) pays income tax on behalf of the contractor out of EGPC's share of the petroleum saved under the terms of the concession agreement.

The usual concession terms are that the contractor retains up to 30% of production to cover costs (cost oil) and 17.9% of the balance (profit oil.) Hence the contractor retains a maximum of 30% + 17.9% * (100% - 30%) = 42.53%

All of this checks out (close enough) if you attempt to reconcile production and revenue numbers in the accounts. Obviously noone does that. I mean why would you? /s

swanvesta
06/5/2021
08:20
The stocks I am looking at that seem to be doing well are speculative, high risk and crypto. Nothing with guaranteed growth. It's doing my head in. May as well move all my savings over to crypto or stick it all on black :p
myn0k
05/5/2021
15:51
9tintin5 May '21 - 12:06 - 4940 of 4951 Edit

There you go - bang on cue !!

What's the bet we don't hold the day's high into the close!

tintin
===================================================================================
So predictable & so frustrating.

tintin

9tintin
05/5/2021
15:22
Am I missing something ?

The rate imposed on the profits realised by oil and gas exploration and exploitation companies is 40.55% (Article 49, Egyptian Tax Law No. 91 of 2005 and its Executive Regulation)

14goose14
05/5/2021
15:02
At $50 a barrel they get 50x0.42-6= $15 a barrel.15x3000x350=$15.75M/yearNot too shabby for £15M purchase
mustbefunny
05/5/2021
14:49
It's not that critical if UOG has to give 58% of it's production to the Egyptian government !!

I believe CAPEX is around $6 a barrel.

tintin

9tintin
05/5/2021
14:32
The critical thing is how much they are making per barrel and as costs are less than $10 that's still plenty per barrel
mustbefunny
05/5/2021
14:27
See earlier post by Swanvesta - RE net 42% after Egyptian take.

tintin

9tintin
05/5/2021
13:17
9tintin"1200 doesn't have quite the same ring as 3000"3000 is net to UOG! Deliberate misrepresentation or naivety?
the manini
05/5/2021
11:49
Eventually fair value will out, even if it takes years :D
mrbeaky
05/5/2021
11:29
Totally agree mate
gooner1886
05/5/2021
11:10
Gooner

Getting increasingly difficult !

I just find this share soooo frustrating.

tintin

9tintin
05/5/2021
11:07
Come on tin tin be positive lol
gooner1886
05/5/2021
11:06
There you go - bang on cue !!

What's the bet we don't hold the day's high into the close!

tintin

9tintin
05/5/2021
11:03
WooHoo the air is getting a bit thin up here 😉
soulsauce
05/5/2021
11:00
Currently just because of higher oil pricesThis year will double of revenues on current bopd than last year , and we have many drills to go yet to add to production figures The Jamaican license is what I am really excited about though Potential to add multiples here
jailbird
05/5/2021
10:55
Closing in on retesting ATH,,,
someuwin
05/5/2021
10:50
Hey guys

Where has our seller gone -LOL

Wait a minute ,,,,,,,,,,,,,,,,,,,,,,,or two.

He'll be back I'm sure.

tintin

9tintin
05/5/2021
10:46
swan

Thanks for reminding me of the punitive terms of the Egyptian licence !!

Strange that it's never mentioned when Brian bangs on about bopd production .

1200 bopd doesn't quite have the same 'ring' as 3000.

UOG basically running to stand still, an appropriate increase in the price of Brent would fix the problem - LOL

Does put a more sober outlook on things, and could account for the non event that is the "UOG Transformation"

Once again thanks for putting me straight.

tintin

9tintin
05/5/2021
07:10
9tintin,

"By my reckoning ASD-1X producing net to UOG at 350 bopd would provide revenues in the region of $8M per annum @ $65 a barrel and 350 days production."

If those are the kind of revenue expectations people have, no wonder they end up disappointed. Egyptian terms are that the company receives a maximum of 42% of their share of production.

swanvesta
05/5/2021
06:39
"...More to Come – The EDC-50 drilling rig has now moved to the Al Jahraa field, where the drilling of the AJ-8 development well commenced on 2 May 2021. The AJ-8 well will target the Abu Roash and Bahariya reservoirs in an undrained portion of the Al Jahraa field. Similar to the other recently drilled development wells in the Abu Sennan concession, we would expect AJ-8 to take c30-40 days to drill, with initial results expected early-mid June 2021."
someuwin
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