United Oil & Gas Share Discussion Threads

[cpap man] 31/7/2017 07:30

alexios120118 Jul '17 - 18:53 - 74 of 85 1 0

UOG group up and running on twitter

Give a shout will add you in

@alexios1201

[cpap man] 31/7/2017 07:25

timw331 Jul '17 - 07:18 - 6 of 6 0 0 (Filtered)

[timw3] 31/7/2017 07:18

Been ramped all over advfn adn twitter this weekend by cpap man

AVOID THIS PUMP AND DUMP!

[cpap man] 30/7/2017 15:15

SEN were suspended at 2.5p [RTO of SEN by UOG] and then the UOG placing raising £3M was done at 2.5p so assuming the MM's open around these levels then that is pretty decent initial upside potential for the UOG share price.



"the upside valuation for the company could be as high as US$38.0m (£30.3m) on an unrisked basis, equivalent to 13.3p per share on a fully diluted basis."

[cpap man] 30/7/2017 14:30

United Oil & Gas [UOG]



Barney Gray [Oil & Gas Analyst]



Leveraging experience to build a portfolio

United is an independent oil and gas company established by two former senior employees of Tullow Oil in 2015. United’s strategy is to leverage management’s experience and contacts within the oil industry in order to acquire an exciting portfolio of hydrocarbon assets. The company has already secured an interest in the Waddock Cross oil field in the UK and agreed to farm into the drill-ready Selva gas field in Italy. With the company currently conducting an RTO of Senterra Energy, we believe that United is poised to accelerate significantly the development of an exciting European- focused oil and gas business.

United’s strategy is to build a portfolio of oil and gas E&P assets with an initial focus on the UK and Europe. In particular, the management has demonstrated expertise in evaluating oil and gas assets and subsequent farm-in opportunities. Further expansion of the company will likely focus on assets within stable political and fiscal regimes and management is keen to leverage off its contacts within the industry to gain access to early divestment opportunities and avoid auctioned transactions.
United acquired interests in the Waddock Cross field (26.25%) and the associated exploration upside (18.95%) on licence PL090 in Southern England in July 2016. The field was shut-in in 2014 due to an excessive water cut. However, reassessment of existing 3D seismic data has indicated that two wells to probe the crest of the field well above the oil water contact have the potential to boost production significantly by 2018/19.

We expect that United will participate in the first of a two well programme in Q4, whereby a successful result will de-risk the field significantly. Consequently, we anticipate that the company’s maximum financial exposure to Waddock Cross will be approximately US$0.6m by the end of 2018.

In Italy, United has signed an exclusive option with ASX-listed Po Valley Energy to acquire a 20% interest in the Podere Gallina licence in Northern Italy under a capped 2 for 1 farm-in agreement. This licence contains the currently shut-in Selva gas field in addition to several exploration opportunities on the surrounding block.

United understands that a single well drilled updip to previously exploited areas of Selva will access at least 17 BCF (gross) of gas resources located in very high quality reservoir. As such, Selva has the potential to produce gas at stable plateau for up to eight years providing a very attractive source of long term cash flow to United.

On the exploration side, United has identified the Broadmayne prospect on UK licence PL090 as possessing major potential upside, whereas in Italy, the Podere Gallina licence exhibits several interesting prospects, one of which; East Selva could provide significant upside to the re-development of the main Selva field.

In the context of the imminent RTO with Senterra, we have established a conservative NPV valuation of US$11.1m (£8.8m) for United which focuses on the core assets within the portfolio. This is equivalent to a pro forma fully diluted value of 3.8p per share assuming a total of 228.9m shares in issue. For illustrative purposes, we also calculate that the upside valuation for the company could be as high as US$38.0m (£30.3m) on an unrisked basis, equivalent to 13.3p per share on a fully diluted basis.

[cpap man] 30/7/2017 13:15

Thank you so much S W for setting up this new [MODERATED & BANNING] thread for fully listed [standard] UOG [RTO into SEN] which as you state commences trading at 8.00 a.m. tomorrow.

[still waiting] 30/7/2017 12:45

Coming to market 31/7/17

[pollyjohn] 21/5/2002 09:32

Weinerworld
I share your interest and I'm thinking about asking the company what happens next.
Would taking the shares out of nominee holding improve transparency?

[weidnerworld] 15/4/2002 17:50

Have just received the docs re the Cash Offer for United Overseas Group by Univers SAM. The offer of 2.5p per share is about 9% of what I paid.

Has anybody experience of compulsory purchase of shares if the buyer obtains the 90% that is required to enable the compulsory purchase.
In the event that the buyer does not achieve 90% I am inclined to retain the shares in the company as they have so little value now I prefer my chances by waiting to see how the new company trades. If I do not accept the offer and the buyer does reach 90% anyway, are they going to offer more than the basic price just to tidy up my share holding?

Any experiences of others that have found themselves in this situation are of interest. Thanks in advance. Jamie.

[merson] 08/2/2002 00:23

And low and behold the did delist.

[cool hand kev] 22/8/2001 15:21

what do you mean delist ?
dont know much about this co but i believe they trade on the SQOS
if they delist they move down to another market were they may become harder to trade (not go private)but i dont think they would have a rights issue with 67% taken up if your shares devalued. they'd be worth what ever they trade at!

[voy.10] 22/8/2001 12:13

hi all..saw the news today that 67% of the 12 for 7 rights issue was taken up @ 2.5p per share..Considering the company is going to delist sometime late sept/2001 i was wondering....should i cut my losses and sell or see what the new management do with the company......im new to this so when the company does delist will my shares be worth anything?...considering they are only worth about £450.00 now, i am thinking of letting them ride....comments welcome....

thx in advance.

[cool hand kev] 04/8/2001 00:53

a mate of mine holds these from what ive read here you lot don't seem to bullish

opinions appreciated are they to risky ?

[cool hand kev] 03/8/2001 17:11

some one bought 1,000,000 today £25k invested they dont see it as a risk

[rosemary999] 20/7/2001 10:53

cheers dub!

[dublin] 20/7/2001 10:37

Rosemary999

Well done but be really careful with this one if you make any profit on this one take it they may be around this price for a very long time. Hope you make a mint.

dub

[rosemary999] 20/7/2001 10:20

gee, thanks

[rosemary999] 18/7/2001 19:13

shame ,
howabout a little tiny bounce for Aunty Rosemary before you go .

[dublin] 17/7/2001 10:34

Heading below a penny bye bye UOG!!!

[rosemary999] 12/7/2001 17:06

Oops! if back down to where it started again.....oh well

[rosemary999] 12/7/2001 16:49

There ! up 33% today and top of the list.....