United Oil & Gas Share Discussion Threads

[cpap man] 17/7/2018 12:06

Just FILTER tidy 2

By the way have NOT ramped this every where just happened to mention on the BPC thread that BPC where starting to look really rather over valued MKT CAP wise especially when compared to the likes of UOG

All part of a general discussion on the merits of different Oil & Gas stocks.

[maverick247] 17/7/2018 11:55

Agree different gravy UOG ex tullow team creating tullow mk 2

[billyboychrisd] 17/7/2018 11:50

How has this not risen more on the volume!?!

[joemon2] 17/7/2018 10:11

Another good piece in this mornings papers


Irish explorer considering additional UK licence bids



Tuesday, July 17, 2018 - 12:00 AM
Geoff Percival

Irish exploration company, United Oil and Gas, is considering applying for further UK licences, as part of that country’s latest North Sea licensing round.


The Dublin-based company — headed up by former Tullow Oil executives — has built up a strong international asset base, since floating in London last year, by taking shares of licences in the UK, Italy, and Jamaica.

Last week, Britain’s oil-and-gas authority launched a new licensing round, with 1,766 offshore oil-and-gas blocks in the North Sea up for grabs, in a bid to attract further investment in under-explored areas of the mature basin, which is enjoying a revival of investor interest.

“We will be looking closely at the blocks on offer in Round 31 over the coming weeks. If we see an opportunity that we believe can enhance our UK portfolio, then we will make an application,” said United’s chief executive, Brian Larkin.

The application process will begin in November, with applicants likely to receive a decision during the first half of next year. Part of the areas on offer are covered by UK government-supported, seismic data packages.



The UK is planning to launch another licensing round next summer, which will focus on mature areas.

In May, United became the first Irish explorer in 10 years to be awarded in a UK licensing round. It won two licensing blocks in the North Sea, taking its British-based portfolio to three blocks, including a share of the highly-rated Crown discovery, which contains an estimated 16m barrels of oil.

United is due to drill at its first UK well in the autumn: the shallow water Colter discovery, lying next to Wytch Farm, on England’s south coast, which is Europe’s largest onshore gas field.

[maverick247] 17/7/2018 09:15

Expecting a move though the previous high of 6.38p. Given jamaica news close now and closing in on colter drill

[cpap man] 17/7/2018 09:00

Brian Larkin's red an' white army!

[maverick247] 17/7/2018 08:26

Possible break out coming

[soulsauce] 16/7/2018 19:58

Welcome moormoney. The potential here could be as good as Upl and just like the other U it has great management that have done it all before.
As well as the potential big upside from Jamaica they are still looking at other projects and are on record as saying the next would be a step change. Given these guys contacts I think it quite possible.

[moormoney] 16/7/2018 19:32

Thanks ss and maverick I bought two lots today after your chat on the Upl B.B. very happy I did!

[soulsauce] 16/7/2018 17:31

Cheers cf456 says it all. Very undervalued.

[cf456] 16/7/2018 17:24

"3 Reasons to add United Oil & Gas #UOG to your Watchlist"

[maverick247] 16/7/2018 15:07

Two top ups for me today in from 2.5p but buying all the way up pre colter drill given hi cos appraisal could see a run to 10pAny sniff of decent jamaica seismic and who knows

[pauliewonder] 16/7/2018 14:01

Looking pretty tasty today. Chart-wise looks pretty good, and hopefully news this week on Jamaica. Could be transformational. Exciting times and nice to see some upwards momentum here again.

[rpt_regal_petroleum_buy_now] 16/7/2018 10:57

RPT (Regal Petroleum) - Very much undervalued.

40 million USD cash in the bank
3100 boepd production
VAS 10 about to be hooked up further boosting the above
2 Great drilling updates last 2 weeks
84% of shares in institutional hands. Free float under significant pressure.
Significantly improving outlook in Ukraine for politics and gas and oil prices following new legislation.
40p short term price target based on fundamentals
Share prohets strong buy

hxxps://www.shareprophets.com/views/36976/regal-petroleum-continues-to-perform-strongly-operationally-buy

Company is very much on the turnaround, get in before the herd.

[soulsauce] 16/7/2018 10:56

Chart looking ready for next leg up.

[spangle93] 16/7/2018 10:36

cf456 - wow, who is that awful interviewer? I have a headache now.

The one question that should have been asked, that wasn't, is if there's a chance of success at Colter of 58.5%, what are the main factors that reduce it from 100%. Assuming the standard form that COS is trap * seal * Reservoir * source * etc was used to generate this 58.5%, oil in the exploration well and an updip target for the appraisal implies trap, seal, and source are all present. Is it reservoir quality? Is it size?

[meta1mickey] 16/7/2018 09:43

Excellent vid for any newbies wondering why MCAP is £14m vs PF NAV of $250m

hxxps://youtu.be/FqPj55ZkMY8

[dorset64] 12/7/2018 12:12

Thanks for the links MM, an interesting video.

[meta1mickey] 12/7/2018 09:30

Private investor video from twitter - good overview of the company and roadmap ahead

hxxps://youtu.be/FqPj55ZkMY8

[spangle93] 11/7/2018 12:49

Ref Italy - Peterhouse has recently initiated coverage of Prospex. They place a valuation on Prospex's 17% of Selva at £4.5MM, as well as a risked £3.2MM for the exploration prospectivity.

That implies 1.8p for selva and 1.3p for potential upside.