United Oil & Gas Share Discussion Threads

[the manini] 29/10/2018 17:58

I topped up again today. That's my lot now!

[senn1] 29/10/2018 16:14

am in for more market makers spiking some on a 250k sell but still more buys then sells and they drop the bid. hey no.

[senn1] 29/10/2018 16:14

am in for more market makers spiking some on a 250k sell but still more buys then sells and they drop the bid. hey no.

[soulsauce] 29/10/2018 15:59

I see the seller is still prevalent and the sales still on. I have itchy fingers for more.

[funtimejonny] 28/10/2018 13:02

Thanks for posting bud.
.

[soulsauce] 28/10/2018 09:31

Cheers Spangle nice summary.

[mr.oz] 28/10/2018 08:42

Very clear, cheers Spangle

[spangle93] 28/10/2018 08:30

Things I took away from this presentation, which as previously noted was a development of previous ones in terms of content:

Company
"No company breakers, but many potential company makers" = build a solid low risk platform from which to underpin stakes in wildcat exploration areas. They have assets in each phase of the oil cycle - exploration, appraisal, development, production

"No exit plan" - intent to build a mid size oil and gas company as soon as possible. Not really looking for any more licences but seeking the transformational deal to move them to the next level

"Sniper, not shotgun approach to assets" = looking to acquire stakes in areas that they knew well from Tullow, i.e. where they had personal experience and contacts

"Funded for activities for the next 18 months"

"G&A = 750k/year". currency not specified


Assets
Waddock Cross - seismic shows crest away from previous wells, well by end of Q1 2019, lots of oil in place, modelling on 200 bopd (not stated, but presumably gross, and UOG has 26%)

Crown - won licence in 30th Round, but it was competitive, i.e. they beat other applicants to it. Currently 95%, looking to farm down, already interest, but may wait til after seismic reprocessing which is being started and seeks to reduce range of uncertainty, cos they may get more value as a result.

Jamaica - Colibri is clearest target - known before 3D but looks better now, Close to source, and therefore most likely to derisk / prove up play concept. Estimated at 200 MMbbl, but by no means largest structure - they have identified 15 to 20 structure of 200-500 MMbbl size. Tullow been there for 5 years, good rapport with national oil company. Partnership looking to farm out prior to well before the end of 2019.

Selva - they say production before the end of 2019. [Partner says mid 2020, probably more likely given Italian speed, but that's just my thought]. Will deliver cash flow of $2.5MM per month NET to UOG !


Hope that helps

[soulsauce] 26/10/2018 17:18

Yes due to the seller they are in the sales at the moment. Not for much longer I would suggest.

[the manini] 26/10/2018 17:15

I have added today

[1bokke] 26/10/2018 16:54

I will be adding more over the next couple of weeks.

[soulsauce] 26/10/2018 16:37

Good watch and these are valued at just £18m fully cashed up for 18months and with the Crown farm out advanced and with super wildcat Jamaica in the back pocket. Go figure.

[tektonik] 26/10/2018 16:16

No new information really, just a good overview of the company, it's assets and strategy. Brian continues to allude to these "transformational deals" that will take the company closer to being a Mid-tier oiler.

Either way good to hear from these guys as usual and I'm sure we'll get some big news in the next month or so.

[soulsauce] 26/10/2018 16:07

Thanks tek.

[tektonik] 26/10/2018 15:28

Presentation from Wednesday:

[senn1] 26/10/2018 13:03

No worries should see a move up now this next few weeks as the uncertainty about the drill has gone

[dorset64] 26/10/2018 12:48

Nice find senn1, thanks for posting the link.

[senn1] 26/10/2018 11:51

Colter well approved

[senn1] 26/10/2018 11:50

Approved

strong buy


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Boom123
Posts: 9,692
Opinion:No OpinionPrice:0.875

RE: Approved ---- I think

Today 09:21

etermination
Following consideration of the ES, the responses received from consultees and the general 
public and the additional information provided by Corallian, BEIS OPRED is satisfied that the 
proposals will not have a significant adverse impact on the receiving environment or the 
living resources it supports, or on any protected habitats or species or other users of the sea.
Recommendation
BEIS OPRED is content that there are no valid grounds for objecting to the proposals and 
agrees to the issue of the necessary consent by the Oil and Gas Authority (OGA). This 
agreement is not subject to the inclusion of any specific environmental conditions in the OGA 
consent.
Jonathan Ward 23/10/2018
………………………………………… ……………………………. 
Jonathan Ward Date 
Director, Environmental Operations
BEIS OPRED


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Boom123
Posts: 9,692
Opinion:No OpinionPrice:0.875

Approved ---- I think

Today 09:18

[mr.oz] 25/10/2018 10:15

Yes, I'd like to see the presentation
Newsflow expected but would be good to get the latest time frames committed to

[ifthecapfits] 25/10/2018 09:44

In the daylight it's actually a 'pirate ship'with tall light up rigging....lol.

[tektonik] 25/10/2018 09:38

Yep strange the presentation isn't up yet

[ifthecapfits] 24/10/2018 22:42

Down in Poole at the moment. Think I can see the/a rig offshore.

[spangle93] 24/10/2018 21:11

Would have thought that the presentation would be on the UOG website, but they haven't chosen to add that, or the September presentation they did either.

Wonder if he went for the hat-trick of references to "if Carlsberg did seismic..." ;-)

[tektonik] 24/10/2018 15:06

Annoying had a ticket but had a manic morning so couldn't attend. Would appreciate any feedback from anyone who went, assuming they recorded it all so will also be looking out for the videos on proactive