United Oil & Gas Share Discussion Threads

[maverick247] 08/6/2018 10:19

Next leg up ?

[duplicate book] 05/6/2018 16:31

Same as yesterday afternoon, taken down just before the bell. Need to bounce from here tomorrow, or the chart will suggest a re test of recent lows!

[bobby1904] 04/6/2018 20:32

I agree. To best of my knowledge that is not an intention of theirs at the moment. Brian also said as much, publicly, in the Vox podcast.

[skiboy10] 04/6/2018 19:49

This might be of interest

New main market listing anticipated in a couple of weeks for KAV

*Alert* "Kavango Resources to list in London and advance flagship project in Botswana" - Proactiveinvestors

www.valuethemarkets.com/index.php/2018/02/08/kavango-resources-debut-standard-list-two-major-exploration-projects/

Kavango’s Kalahari Suture Zone project bears striking similarities to giant Norilsk deposits in Russia

09:30 29 May 2018
Kavango Resources is going big game hunting in Southern Botswana



IPO of Kavango Resources PLC [KAV] early next month on the LSE [standard list] with the main fund raising being conducted by the Stockbrokers SI Capital

For further info ref: #KAV

Nick Emerson
Tel No: 01483 413500

[cf456] 04/6/2018 16:28

Great buying opportunity on this pullback with huge upside to the Optiva target...

15.7p target vs current 4.9p online quote to buy.

---

"Since our last publication on 26 April 2017, we have elected to include a conservatively risked initial valuation for United£s Jamaican exploration assets in anticipation of fasttracked seismic data expected to be published in July. As such, our core valuation for the shares is increased from 13.5p to 15.7p per share on a fully diluted basis.

Although this does not yet include any value related to the acquisition of Crown, United is currently exposed to very exciting upside from its suite of UK assets including the expected drilling of Colter in Q4. Consequently, we will endeavour to augment our core valuation upon additional substantive news flow over the coming months."

[cf456] 04/6/2018 09:25

"I think what we're looking at now is kind of identifying those clever deals that you can do with minimum dilution but maximum upside for our shareholders.

It'd be fair to say that we're advanced on a couple of things that I'm really, really excited about."



From 19:41

[cf456] 04/6/2018 09:19

Company makes it clear that it is keen to avoid dilution as per podcast from a few days ago:

"We need to think clever. What we want to avoid at all cost is dilution"...



From 19:24

[snickerdog] 04/6/2018 08:45

Its risky, seems to be the case that they want to return to it. I've heard BrL and JL are in Jamaica. Re any placing It's a Standard List stock and takes about 3 months to Issue a prospectus if they want to raise so definitely not on the case

[joemon2] 04/6/2018 07:45

If that was on the cards short term i'd say the option would have been extended further

[itsriskythat] 04/6/2018 07:21

There you have it today.

Thanking shareholders for being extremely supportive (in advance of a placing to raise the money for the extra 10%).

[dunderheed] 03/6/2018 22:52

Reserved for Saul

[croasdalelfc] 03/6/2018 12:49

https://www.rigzone.com/news/cgg_pcj_announce_discovery_of_live_oil_seeps_in_jamaica-21-feb-2018-153598-article/

[dorset64] 01/6/2018 08:23

After the run from circa 2.5p - over 6p its always good for a share price to take a breath, whether us shareholders like it or not.

As we can see from the chart this has now been consolidating for about 3 months and hopefully now, will bring in new investors on our next run up as after all, the company is exactly the same company it was when 6p but now with further news than we had then.

This remains my second largest holding and one I'll hold, if the story remains, for years to come.

[soulsauce] 31/5/2018 23:05

Can't disagree with that paulie 😉

[pauliewonder] 31/5/2018 22:37

Starting to see some momentum here. Have a top up in the next few days when money clears, assuming we are below 6p, as it's my view that sub 6p is massively undervalued.

[duplicate book] 31/5/2018 15:58

Chart is starting to look better again now too after today's rise. Be good if we can hold onto today's gains. 'W' formation could take us back up to the 6p range and beyond with consistent buying and a bit of good news thrown in 😀

[croasdalelfc] 31/5/2018 15:40

Corallian farm in news due any day as well.

[soulsauce] 31/5/2018 08:38

1st of June tomorrow, the month we hear (in part) the actual potential of Jamaica. Could make quite a significant shift to the share price

[duplicate book] 31/5/2018 08:31

Looks like the MM's want to play today. I think any buying pressure will have this away.

[spangle93] 29/5/2018 09:00

Nice picture of lovely fertile farmland for the pipeline route on the PVE version of the news release


The Prospex release includes a slightly different slant on the story line too

[cpap man] 29/5/2018 07:40

United Oil & Gas PLC / Index: LSE / Epic: UOG / Sector: Oil & Gas



May 29, 2018

United Oil & Gas PLC ('United' or 'the Company')



Operational Update: Further Progress at Podere Gallina



Highlights:



· Operator Po Valley Energy has submitted an application for a production concession on the Podere Gallina licence

· Planned facilities will be capable of producing at up to 150,000 cubic metres of gas per day

· Important milestone in moving the 41m net gas pay encountered in the Podere Maiar 1 well closer to production

· 3D seismic programme proposed in late 2018 / 2019 to progress additional targets within the production concession



United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to confirm that Po Valley Limited, operator of the Podere Gallina Exploration licence, has submitted the production concession application to develop the high return Selva gas field. United holds a 20% interest in the Podere Gallina licence.

The Podere Maiar discovery was announced by United in January. The drilling results from the PM1 well delineated two gas bearing reservoirs (with a combined gross sand interval of 62m and a net pay of 41m). The strong flow rates at the discovery, allied to the fields proximity to existing gas infrastructure

Under the first phase of the development plan submitted today, Po Valley will install a fully automated gas plant at the existing Selva/Podere Maiar 1dir well site at a cost of EUR2.4m and run a one kilometre long pipeline to connect with the nearby Italian National Grid connection. Based on dynamic reservoir studies, the field development is designed to produce in the first phase at a rate of up to 150,000 cubic metres (5.3 mmscf/day) a day from successfully tested C1 and C2 production levels in the Medium-Upper Pliocene sands of the Porto Garibaldi Formation.

In the second phase of the development (contingent on 3D seismic results), additional wells would be drilled in the field's highly prospective Selva East, Selva South Flank, and Riccardina prospects, all of which fall within the production concession application area. Following the success of the Podere Maiar 1dir Well in January this year, 3D seismic will be acquired (subject to JV approval) across these areas in the second half of 2018 or early 2019 with a view to significantly increase the size of the Selva natural gas resource.

The Selva production concession application will now be considered for preliminary award at the next Italian Ministry Hydrocarbon Commission meeting expected in July. In the interim the operator, Po Valley, will prepare EIA documentation so as to be able to commence the next stage of environmental approval pending preliminary award.

United Oil & Gas Plc CEO, Brian Larkin, said, "

"We are delighted with the excellent progress being made in relation to our first commercial discovery, Podere Maiar. Today's announcement moves us along the path to production at this discovery. It also gives proof of the additional prospectivity that this licence offers. We will be working with the operator to design a programme of seismic activity for later this year and early 2019, with the goal of identifying additional drilling targets.

"The timing of this announcement, following on from our recent success in the 30th UK Licencing Round, is further evidence of our commitment to delivering for shareholders. We are continuing to grow and develop our asset base and we look forward to further positive announcements in the weeks and months ahead."

[dorset64] 25/5/2018 21:34

Many thanks for posting the note above Joemon, appreciated.

[soulsauce] 25/5/2018 12:10

Cheers cpap.