United Oil & Gas Share Discussion Threads

[phoebusav] 02/8/2017 12:52

I would not post such an assessment without very careful research. The figures are all derived from RNS statements and presentations and they speak for themsleves. Rather than suggest I do even more research it would be more constructive to address the facts with a coherent argument.

[cpap man] 02/8/2017 12:25

All sounds most interesting not phoebusav - you clearly have NOT done any proper research on UOG so until you do and can offer much more balanced posts i will not be responding to your posts further.

[cpap man] 02/8/2017 12:16

westmoreland lad2 Aug '17 - 11:10 - 39 of 44 1 0

cpap --

westmoreland lad
31 Jul '17 - 11:52 - 2835 of 2881 1 0 Edit

cpap man
29 Jul '17 - 14:29 - 2828 of 2834 1 1
Did you westmoreland lad go for any UOG in the end?

No, because I was already holding Senterra via their last placing. Cheers.



Sorry westmoreland lad i must have missed that post....good luck with UOG

[phoebusav] 02/8/2017 11:56

Cpap, while £6M looks cheap I suggest you ignore the poster-boy NPV and crunch the numbers. Getting in at this share price you are paying the following per barrel for the upcoming drills - [Podere Maiar] paying 1121p/BOE for 0.57 MMBOE net, [Waddock Cross] paying 1995p/BOE for 0.32 MMBOE net, [Broadmayne] paying 1678p/BOE for 0.38 MMBOE net. Even combined the company already costs 503p/BOE for the total of 1.27 MMBOE net. These are eye-bleeding levels. Even if you net off £3M cash the overall figure is still 267p/BOE, which is still massive. I would expect this sort of market-cap to BOE ratio for drills carried out by established big juniors such as CNE, ENQ or PMO, not a tiddler like UOG. If we ignore all CNE's assets and value it just on the basis of the Druid/Drombeg well underway, it only costs 194p/BOE. There are much better value exploration and appriasal drilling options on the exchange. Look at AAOG for example. Drilling TLP-103 in a few weeks targeting 36.5 MMBOE net recoverable P50 with COS 60% and 25% for the apprisal and exploration intervals, which equates to 32.3p/BOE or a measly 15.6p/BOE if we net of their approximate £6M in cash.

[cpap man] 02/8/2017 11:33

Sorry phoebusav i for one strongly disagree with your post in that how can an O&G company that has a MKT CAP of circa £6M of which over 50% is in cash [£3M+] with 2 drills [October 2017 & January 2018] coming up and all paid for with 2 excellent ex Tullow Oil guys at the helm looking at some seriously MAJOR new deals due to their exceptional industry connections....etc, etc....be very expensive?!?!?

Time for you to do some proper research....starting with the highly respected O&G analyst by the name of Barney Gray....



CONCLUSION:

"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."

[powells workwear] 02/8/2017 11:32

Did anyone see what happened to ECHO share price when people like the new team it went mental this could easy happen here

[phil1969] 02/8/2017 11:24

On the surface, you're right phoe. But of the £3m raised, they have enough funds to see them through the next 18months exploration work on existing licences and approx £1m cash for further acquisitions. It's the directors credibility and background which makes this a speculative buy. They've deliberately held cash back to add to the portfolio in short term.

[phoebusav] 02/8/2017 11:18

I'm quite surprised folks are interested in buying at this level. Based on their forward drilling program the current share price looks very expensive indeed.

[westmoreland lad] 02/8/2017 11:10

cpap --

westmoreland lad
31 Jul '17 - 11:52 - 2835 of 2881 1 0 Edit

cpap man
29 Jul '17 - 14:29 - 2828 of 2834 1 1
Did you westmoreland lad go for any UOG in the end?

No, because I was already holding Senterra via their last placing. Cheers.

[chinese investor] 02/8/2017 10:43

Looking Good !
I Got Some At 2.7p !
Good Luck To All Genuine Holders !

[cpap man] 02/8/2017 10:30

UOG are so far today in the ADVFN TOP % RISERS list

[powells workwear] 02/8/2017 09:25

I do not think UOG is on the radar of small investors yet. I do think we will gets some big up days when they click on

[cpap man] 02/8/2017 09:15

UOG looking good so far this morning!

[cpap man] 02/8/2017 08:15

Are you a UOG shareholder now then westmoreland lad?

[cpap man] 02/8/2017 07:15

HOLDINGS RNS

BARNARD NOMINEES - 9M UOG shares / circa 4.5% holding in UOG

[westmoreland lad] 01/8/2017 16:56

Tuesday, August 01, 2017

Geoff Percival - Irish Times

Newly-floated exploration company United Oil and Gas (UOG) will consider acquiring licences offshore Ireland in the medium-term, after building cash reserves and executing a near-term expansion plan in mainland Europe.
Shares in the Dublin-based company — headed by former Tullow Oil executives Brian Larkin and Jonathan Leather — grew by 20% in initial trading yesterday as the company was readmitted to the London Stock Exchange following UOG’s recent reverse takeover of formerly quoted explorer Senterra Energy. That valued the company at around £6m (€6.7m), with it also raising an additional £3m through a stock placing.

UOG’s takeover of Senterra gave it a 20% stake in the Podere Gallina licence in the prolific gas region of northern Italy.

Operated by Australian explorer Po Valley Energy, drilling there begins at the end of October. UOG is also confident of drilling starting at one of its UK licences early next year and has its eyes fixed on growing its asset reach across mainland Europe.

“We’re actively looking at farm-in opportunities around Europe and hope to announce at least one more deal in the coming months. We will continue to grow by acquisition and farm-ins,” said Mr Larkin.

However, while UOG is chiefly focused on acquiring non-core/low capital expenditure requirement oil and gas licences from larger companies, Mr Larkin said the company hasn’t ruled out looking at Irish offshore opportunities, saying that UOG will start considering Irish assets in the medium-term, roughly meaning within around five years from now. He added that UOG is now fully-funded for the next 18 months.

[euclid5] 01/8/2017 12:28

Hi Maverick,

Where did you find they can produce up to 2000 bopd potential - is this on the Waddock Cross oil field?


Waddock Cross - 26.25% wi x Contingent 0.32mmbbls1 = 8.4 mmbls

Broadmayne - 18.95% wi - Prospective 0.38mmbbls = 7.2 mmbls



Thanks

Mr E

[cpap man] 01/8/2017 11:55

Is that BLUE sky out there for UOG?

[maverick247] 31/7/2017 19:01

Once the initial volatility out the way ie today i expect to see a build from the ipo price.£3m + cashExperienced BodTwo development assets one with potential to get to 2000bopd! As has exploration upside on the license.Brian Larkin has also indicated other assets in the pipe being dd'd nowLooks like a superb investment to me Dyor of course!

[powells workwear] 31/7/2017 16:43

Bit disappointed in today glad we are back plenty of news to come. But i can not see how anyone who sold today made any profit. Bring on some drilling news and off we go

[cpap man] 31/7/2017 14:45

snickerdog31 Jul '17 - 11:54 - 20 of 21 1 0

Thanks for setting up Still Waiting.

I like the look of this one, Brian Larkin seems to be pretty ambitious, here's a podcast to add to the header link

hxxps://audioboom.com/posts/6111024-brian-larkin-managing-director-of-united-oil-gas-uog-14th-july-2017?t=0



S W only set up this new UOG thread as a favour snickerdog31 so your request will most likely not be met - need to find another BLUE poster who is a UOG shareholder and willing to set up another [MODERATED & BANNING of TROLLS] UOG thread....

[cpap man] 31/7/2017 14:15

Basically from hitting an intra day high of 3.1p....UOG have now drifted back to U/C on the day at 2.5p [which was both the SEN suspension price prior to the RTO with UOG as well as the UOG fund raising price] on volume of well over 16M shares traded.

[cpap man] 31/7/2017 13:23

Next for the UOG charts in the UOG thread header!

[cpap man] 31/7/2017 13:21

It has taken until lunch time but the UOG share prices & trades are now accurate....LSE:UOG