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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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= $15 a barrel.15x3000x350=$ | 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 ,,,,,,,,,,,,,,,,,,,, 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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