United Oil & Gas Share Discussion Threads

[cpap man] 26/4/2018 11:15

Could you please post the "dial in" details for the UOG investor conference call at mid day today?

[croasdalelfc] 26/4/2018 10:11

Conference call scheduled at 12 today

[cpap man] 26/4/2018 09:45

• The management team at United Oil & Gas has a proven track record of successfully evaluating and recommending farm-in deals, and will actively seek appropriate opportunities to acquire assets in which full value is not currently being realised.

• Once licences are acquired, we will use our experience of actively working operated and non-operated equity holdings to instigate activity and unlock the identified additional value.

• In Europe and the UK, United Oil & Gas are aiming to create value through building an actively managed portfolio of production, development, and low-risk exploration / appraisal assets.

• United Oil & Gas will also consider assets in other regions on an opportunist basis. Given the management team’s previous experience, our focus here will be on Latin America and Africa, where we believe we will be able to access opportunities with low Capex entry costs and potentially transformational upside.

• The management team have an extensive network of senior oil and gas executives which we will use to access early divestment opportunities and avoid auctioned transactions.

[cpap man] 26/4/2018 09:15

Entrepreneurial management: application of strong technical discipline with established links to industry

Strategy focused on value creation: acquisition of assets where near- term activity unlocks untapped value

Significant progress made over the last twelve months:

• Low-risk European portfolio of development and appraisal / exploration assets has been assembled

• European portfolio underpins / complements a parallel high- impact growth strategy in Central & South America / Africa

Current portfolio generates near-term news-flow and growth opportunities
2018 value-drivers are focused on production development, appraisal drilling, and seismic activity:

• Onshore Italy PM-1 gas discovery – development planning underway; Seismic acquisition late 2018 to unlock exploration opportunities

• UK offshore Colter appraisal – well spuds Q2 / Q3. Structure is adjacent to Wytch Farm, Europe’s largest onshore oilfield

• UK onshore Waddock Cross oil re-development – potential well in late 2018

• Offshore Jamaica Walton-Morant high-impact exploration – seismic programme commences Q1 2018

Ongoing evaluation of attractive asset acquisition opportunities

[griffin81] 26/4/2018 07:56

The interview Brian gave yesterday on Proactive Investors was brilliant and really sums up why UOG is one of my biggest holdings. Compelling story and I continue to add on the dips. I fully expect United to become my biggest single investment as the year progresses. Great stuff.

[soulsauce] 25/4/2018 16:04

Glad I grabbed another 10k this morning.

Hope you don't mind if I make the link work maverick.

[maverick247] 25/4/2018 15:26

Investor call tomorrow and there will be a recording - should bring further interest£12m cap is no way reflective of current portfolio imo

[dorset64] 25/4/2018 15:01

Someone likes it Maverick as these took off as you posted it. Got any more haha

[maverick247] 25/4/2018 14:48

Must listenhttps://m.youtube.com/watch?v=HseIVydc1kI&feature=youtu.be

[dorset64] 25/4/2018 14:10

Received & replied Spangle.

[spangle93] 23/4/2018 23:11

Hi Dorset, good to hear from you.
I thought UOG had got beyond good value, but I've been watching the walkdown to the placing with interest (probably happier than LTH's here :-(, and picked up some today.
Have a few toes in the water. UPL looks similar in many ways to UOG - same M/Cap, similar cash after recent raising, probably more mid-term potential overall, especially as the Malaysian Sarawak stool leg, but fewer current physical assets than UOG - and I've more in that

Company website looks the same, so I'll drop you an email

[seans66] 23/4/2018 19:44

Topped up today & continue to accumulate & hold. This strategy has worked incredibly well with ARS & I will be happy it works as half as good here.

[maverick247] 23/4/2018 13:37

Silly cheap added 100k

[dorset64] 23/4/2018 12:58

Hi Spangle, indeed a very long time no speak and great to see you again. I trust you are well and making loads on the markets. Have you invested here or looking to invest as for me, although everything early stage is a gamble to a degree, with the portfolio assembled to date, the management inplace and the pace they are growing looks to me as a very decent bet indeed.

UOG is now my 2nd largest holding behind that of Ars. What else are you into at the moment and are you still living 'up North'?

[soulsauce] 23/4/2018 12:06

Yes I have joined this morning. Looks good value at this price.

[cpap man] 23/4/2018 11:30

It is all pure speculation Spangle93 but have to say that I concur with scotty666 especially as you can now buy UOG for less than the 4.25p placing price!

[scotty666] 23/4/2018 11:22

At this price I can wait, tucked another 100k away.
Cheers

[spangle93] 23/4/2018 11:08

Thanks cpap man - I guess as a non-operator, especially in Italy, they'd be a hostage to fortune if they'd put a date into the interweb space, but I thought I'd ask in case anyone had heard a suggestion.
It would be great to have early production, but things move slowly there, so I'm thinking 2019.

[cpap man] 23/4/2018 10:40

FAO: Spangle93

Q "Has there been any company guidance from either PVE or UOG for a milestone of likely gas production start? I haven't found one so far"

A "These numbers are clearly economic and the field will now be progressed to development as quickly as possible."

[cpap man] 23/4/2018 09:55

"Through farming in to the Podere Maiar well, operated by Po Valley Energy (PVE), UOG have acquired a 20% working interest in the Podere Gallina Licence in the Po Valley region of Italy. The well was successfully drilled in December 2017 and strong gas flows on test have confirmed a significant commercial discovery"

+

Podere Maiar Well, Selva Stratigraphic

•In March ’17, UOG agreed to farm-in to the Podere Maiar-1 well at 20% equity on a 2-for-1 basis. The well targeted an undrained area of the Selva Field (in production until 1984) updip of the previous wells

•PM-1 was completed in December 2017 after encountering 41m of net gas pay in excellent quality C1 and C2 sandstone reservoirs of the Pliocene Porto Garibaldi Formation.

•The lower, C2 reservoir, reported a peak flow rate of ~150,000scm/d (875boepd). On a separate test, the upper, C1 reservoir, flowed at a peak flow-rate of ~130,000scm/d (750boepd)

•CGG have completed a CPR on the accumulation, and suggest a range in gross recoverable gas volumes of 205-525-846Mm3 (1.2-3.1-4.9mmboe). These numbers are clearly economic and the field will now be progressed to development as quickly as possible.

•PVE have operated in Italy for the last 10 years, and are experienced in Italy’s regulatory process across the full-cycle of the oil and gas business.

[spangle93] 22/4/2018 00:05

Hi, could someone answer a wee question.

Ref the successful test on Moder Maiar, the outcome announced on 19-Jan was that Po Valley would submit an exploitation licence request, following interpretation and analysis of all well results, and preparation of a development plan

Has there been any company guidance from either PVE or UOG for a milestone of likely gas production start? I haven't found one so far

TIA
P.S. @Dorset64 - long time no speak, hope all is going well

[cpap man] 21/4/2018 13:45

"United has made exceptional progress over the last twelve months assembling an impressive and balanced portfolio of development, appraisal and high impact exploration assets. Although the introduction of Acle to the company’s remit is contingent on the exercise of an option at this stage, the successful execution of the proposed deal has the potential to increase United’s fully diluted valuation to 15.4p per share. It is very important to note that we have not yet included any potential upside for United’s Jamaican assets which, although early stage, have the potential to be transformative for the company’s valuation."

[euclid5] 20/4/2018 12:20

Cpap man.....don't get so defensive about a simple post.

Seems pi's here don't want to hear anything except positives, you have to look at both sides of the board.

I am not knoking the co at all, just making a comment based on today's rns.

It's a factual comment based on what they said, & agree so long as they create s/holder value taht's what matters

Have no connection with Prismo either