United Oil & Gas Share Discussion Threads

[gregpeck7] 28/2/2024 15:23

And no - not a placee but I have bought a few shares today.They are now in pretty short supply.

[gregpeck7] 28/2/2024 15:22

Look at the market cap. If someone wants to drill Jamaica they just buy the company now. Simple clean transaction. At the current price I think it's a steal. Tullow spent 30 odd million defining the prospect. It's still ready basically. There is value here.

[1347] 28/2/2024 15:07

No it doesn't, until someone farms into Jamaica, which they almost certainly won't now, then it's as interesting as a dead dog. You're not a placee by any chance are you?

[gregpeck7] 28/2/2024 11:37

Looks very very interesting again at these crazy low levels. The company could easily be purchased now just for the licenses for a song. I expect some interesting moments to come. Will probs grab at least a million or 2.

[1347] 27/2/2024 17:13

I will vote against for sure.

[soulsauce] 27/2/2024 10:00

Don't worry 1347 I will be voting down and recommend everyone else do the same.

[1347] 27/2/2024 09:54

soul - No not forgotten Selva but that wasn't a total failure as at least they got something from it. But yes again Larkin screwed up there, couldn't meet the cash call and ended up in legal dispute. I think every interest has ended up in some kind of dispute and/or litigation right? Nobody will trust him anymore. This placing is purely to buy time for him to find some other jam tomorrow story. Vote the resolutions down, he's just given away over 70% of the company for £1 million and that's after many years to build the company up. Abject failure. Take him down.

[soulsauce] 27/2/2024 09:12

And don't forget Selva 1347. That income would have been very valuable just now.

[1347] 27/2/2024 09:08

I've said it before and I'll say it again, if anyone was seriously interested in Jamaica they could just take out UOG for relative peanuts and send Teaboy on his way. The fact that Tullow let it go for the grand sum of £0.00 tells you all you need to know.

Just to remind everyone it's not just Egypt but Larkin messed up not one, not two, but all three North Sea Licences they acquired in the Licencing rounds, I note that Maria has gone now.

[soulsauce] 27/2/2024 08:56

Massive dilution and a massive discount to the already bombed out share price - what a moron and not an ounce of contrition!!

[1347] 27/2/2024 08:31

Makes no odds, UOG is a failed company, only Jamaica left now and it very much seems that no-one is interested in that. May still be liabilities/legal action from the Eygptian fiasco. UK assets went nowhere slowly. Many, if not most, of these placing shares will have been flipped to retail by forward selling them already (note the recent little mini spikes?). I'll still vote against all resoutions in the GM, it's time to call time on these AIM jam tomorrow companies fleecing shareholders with tales of pots of gold (or oil) at the end of rainbows to fund useless directors trying to play hot shot oil execs.

[spangle93] 27/2/2024 07:52

Well done Mr Larkin, a successful raise

A total of 500,000,000 New Ordinary Shares will be issued pursuant to the fundraising, representing 76.18 per cent of the Company's issued ordinary share capital.

Just the 76%, so not a total wipeout then.

I admire your confidence in buying £10k's worth, or 0.001% of the shares issued. Barely small change on the $300k pa salary and benefits you pay yourself for running a nano-company (which used to be a micro company before your transformational deal)

At least the fund raise means you can go on paying yourself while UOG relentlessly markets an asset to a world that doesn't want it.

[ozzywalker] 26/2/2024 20:07

Embarrassing

[soulsauce] 26/2/2024 19:14

Totally smashing the shareholder base for original investors.
Yes vote it down.

[quietlife] 26/2/2024 18:27

What a proper sh1t show this is

[soulsauce] 26/2/2024 18:18

Any self respecting Ceo would have stepped down thirdtimelucky.

[thirdtimelucky1] 26/2/2024 18:15

An ashtray on a motorcycle…

[soulsauce] 26/2/2024 17:58

He is having to consolidate the shares due to not having the authority to list such a large amount I would guess.
The tea boy couldn't even boil a kettle. What a failure.

[spangle93] 26/2/2024 17:49

Never mind KIN, Larkin would have a very short time on the show if he even made it through qualifying for the Apprentice.

"Brian, you had an exploration focused portfolio where the aim was to process data, improve the value of the asset, and flip it to buy more, thus growing market cap, like your previous company Tullow Oil.

So why did you considerably overpay for a producing asset that wasn't part of that strategy? How did you and your team fail to convert any of the assets your held to anything like their true value

As the leader of the team, you have to carry the can. You're fired"