United Oil & Gas Share Discussion Threads

[soulsauce] 13/9/2018 17:04

Building nice and steadily here and still off the radar.

[soulsauce] 12/9/2018 09:55

Spread doesn't help here may be should get another MM on board.

[maverick247] 12/9/2018 09:54

25k buyer all over this

[spangle93] 12/9/2018 08:20

Wait a couple of weeks, bootie, and wee Barney Gray will be due to adjust his risked valuation upwards again ;-)

[bootie64] 11/9/2018 18:43

Thanks Spangle, can you post that again tomorrow please...

[moormoney] 11/9/2018 17:46

Excellent prospects under the Tullow umbrella, I think the board are aiming for far higher than 17p before the end of the year imo. I am adding whenever I can!

[maverick247] 11/9/2018 17:21

Stock of 2017/18 imo

[pauliewonder] 11/9/2018 17:03

Good action today. Starting to move in the right direction. Such a steal at these lowly prices.

[tektonik] 11/9/2018 15:11

A small, yet elegant step in the direction of 17p.

[fbrj] 11/9/2018 15:00

Looks like a few others have read that too.....sp quite perky today!

[dorset64] 11/9/2018 14:07

Nice one Spangle.

[soulsauce] 11/9/2018 13:12

Cheers Spangle

[spangle93] 11/9/2018 05:32

From Proactive News Desk

Optiva ups United Oil & Gas’s core valuation for second time in a fortnight after reviewing the explorer's operations

14:56 10 Sep 2018

The City broker said its risked valuation for United Oil & Gas is now 18.7p per share on a fully diluted basis, having already upped it to 17.1p per share, from 15.7p following last month’s awards of new North Sea assets to the explorer.

In a note to clients, Optiva analyst Barney Gray concluded; “Although we reserve the opportunity to adjust this valuation in the event of the conclusion of a number of farm-in deals, we note that our unrisked valuation for United is over 44p per share at this stage, representing major potential upside to the company.”

United Oil & Gas shares are currently changing hands at 5.1p each, meaning Optiva’s valuation indicates big upside potential.

The City analyst pointed out that since United Oil & Gas’s admission to the main market of the London Stock Exchange through a reverse takeover of Senterra Energy in July 2017, the group has established a compelling independent oil and gas business spanning the UK offshore and onshore sectors, Italy and Jamaica.

Gray said: “Utilising the management’s extensive technical and commercial experience, the company has assembled a formidable portfolio of assets ranging from near-term development projects in addition to high impact appraisal drilling opportunities and high risk/high reward frontier exploration where drilling success will be transformational for the company.”

He noted that United Oil & Gas’s near-term focus is the UKCS P1918 licence in the Central North Sea where the company has a 10% exposure to the upcoming Colter appraisal well on Licence.

The analyst noted that the Colter discovery, located in shallow water adjacent to the large Wytch Farm field, is estimated by United Oil & gas to contain mean recoverable resources of at least 19 million barrels of oil (mmbbls) with a high GCoS (Geological Chance of Success) of 58.5%.

Gray added: “With a well Authorised for Expenditure by the Colter equity partners and scheduled for drilling in Q4 2018, we anticipate that a successful result will represent substantial upside to the company.”

He also pointed out that last month United Oil & Gas was awarded a 95% interest in UKCS Licence P2366, which contains the Crown discovery.

The analysts noted that Crown is estimated to contain gross recoverable resources of up to 16 mmbbls and United Oil & Gas is now poised to instigate discussions with potential farm-in partners in order to expedite future drilling activity on the licence.

Gray said: “In the event that the company can secure a carried interest or a partial carry on a future appraisal well, we believe that a reduced equity interest will still represent significant value to United.”

In January 2018, the analyst added, United Oil & Gas secured an option to farm-in to a 24% interest in UKCS Licence P2264, which contains the Acle prospect, estimated to contain mean prospective recoverable gas resources of 122 billion cubic feet (BCF) with an attractive GCoS of 40% upon the drilling of an exploration well.

He pointed out: “At this stage, we understand that United’s option is executable upon the basis that additional partners are brought into the licence by the current operator.

Aside from the UK North Sea, Gray noted that United Oil & Gas holds a 20% interest in the Podere Gallina licence in Northern Italy which contains the Selva gas field.

He pointed out that Selva was flow tested successfully at the beginning of 2018 and the operator, Po Valley Energy has submitted an application for a production licence.

He added; “With planned facilities capable of producing up to 5,300 million cubic feet per day (mcfpd) at peak output in 2021, the company’s interest in Selva will represent a solid cash flow stream to United from the onset of production.”

The analyst noted that Podere Gallina licence also holds several additional exploration targets that have the potential to augment significantly the value of the wider licence.

Further afield, Gray noted that in late 2017, United Oil & Gas secured a 20% interest in the frontier Walton-Morant offshore licence in Jamaica on highly favourable terms.

Walton-Morant is operated by Tullow Oil plc (LON:TLW) which recently completed a 2,250 km2 3D seismic survey focusing on the Colibri lead, estimated to contain recoverable resources in excess of 200 mmbbls of oil.

The analyst noted: “This survey is the first to be acquired in Jamaica and constitutes an early stage of the programme to de-risk this potentially multibillion frontier hydrocarbon play.”

Having reviewed all the firm’s operations, Gray concluded that United Oil & Gas constitutes a “well-balanced portfolio with major upside.”

[maverick247] 07/9/2018 14:10

Well worth a listen over the weekend

[maverick247] 07/9/2018 13:56

Ive added again simply too much upside from here and its all about to kick off

[billyboychrisd] 05/9/2018 09:37

I actually feel like I need to add a little here with news over the next few weeks, even just to trade before the spud.

[soulsauce] 04/9/2018 15:45

Anybody there lol. Surprised this has not continued to rerate.

[moormoney] 31/8/2018 15:30

Broker target 17p....up next week I hope.

[costax1654x] 31/8/2018 10:47

I mentioned Sosandar 2 weeks ago and they did +50% ,now I am telling you about SBTX And Dish that are going to blow soon!

[soulsauce] 30/8/2018 17:03

Yes rollovers.

[mr.oz] 30/8/2018 16:59

Any comments on the large trades this afternoon please?

[spangle93] 28/8/2018 22:54

Hi Dorset

Ref commercial and using your 75:25 rule...

"United's internal estimates suggest a range in recoverable volumes of 4-16mmbbls oil, with mid-case estimates of ~9mmbbls for the Crown Oil Discovery"

My guess based on nothing more than gut feel that if it were at the 4 MMbbl end of the scale, it wouldn't be commercial, so there's probably about a 75% chance that it contains sufficient recoverable hydrocarbons to be viable.

[croasdalelfc] 28/8/2018 20:05

https://twitter.com/proactive_uk/status/1034451814744252416?s=2117.1p target