United Oil & Gas Share Discussion Threads

[cpap man] 16/1/2019 08:25

It looks as though on very light volumes mind that UOG [Colter] have now been marked down by the MMs in sympathy with all the various Wick plays!

This is clearly madness as the COS is almost 2/3rds at Colter where as it was not far off 1/3rd at Wick

Colter is not so much about finding oil [already been found] but much more about how much and is it commercial?

[cpap man] 16/1/2019 07:55

Sorry to hear the news on Wick soulsauce but to be fair there is a massive difference between Wick and Colter

[soulsauce] 16/1/2019 07:40

Yes let's hope Ensco72 has more luck at Colter and drills a bit faster than they have done at Wick.

[cpap man] 16/1/2019 07:35

"the ENSCO-72 jack-up rig will subsequently be mobilised from the Moray Firth to the English Channel to drill the Colter prospect."

[gunsofmarscapone] 15/1/2019 17:04

Oh yes my sauce of soul, standby for some seriously comical waffle!

[soulsauce] 15/1/2019 12:18

Oh no not GoM. 😕

[gunsofmarscapone] 15/1/2019 12:04

Joined the party, not going to start carping honestly. Had been avoiding over expanding my E and P portfolio but having made the effort to study the company operational info and moreover to check the cash and expenditure position something really stood out.

A very rare and parsimonious attitude to compensation and emoluments. A positive indicator.

In for a modest holding.

[soulsauce] 15/1/2019 10:43

5p traders, gone now and we move on.

[maverick247] 15/1/2019 10:36

Thick I'd say

[bobby1904] 15/1/2019 08:16

Why would anyone sell any of these now with news flow for 2019 just starting & Colter spud days away! Must be mad or desperate!!

[soulsauce] 15/1/2019 07:21

Yes great news. Should be a nice little earner next year.

[moonwizz] 14/1/2019 22:43

Preliminary award of Selva production concession

[soulsauce] 14/1/2019 16:00

Good to see this continuing to build ahead of news on many fronts and commencement of movement of Ensco72 to Colter in the near future.

[spangle93] 13/1/2019 11:06

I don't follow it, but AFAIAA ECO hasn't found anything, yet its share price has responded a lot to potential ...

Maybe having big lumps on seismic in the West Indies is following too close behind BPC though

[thebigbadone] 11/1/2019 23:12

Agreed but I think the market looks for something more tangible these days rather than potential hence I don't know if the Jamaica cpr data is what is exciting people. Don't get me wrong, I think it will be unbelievable if BL's enthusiasm is anything to go by. We know Colibri alone has 200mmboe potential and that there are 15-20 further targets with equal resource. Like I said, so much going on here which is why I am happy to be in on the ground floor. First purchase was around 3p and have been averaging up all the way into the late 5s but made sure I loaded up in the 4s more recently. Exciting times!

[soulsauce] 11/1/2019 16:16

Could also be positioning for Jamaica seismic and cpr or crown cpr and possible farm out or developments on the look and like prospects in Italy or re-drill of waddock x in Dorset.

So much on the cards, many of which could have us at 10p in a heartbeat.

[thebigbadone] 11/1/2019 15:10

Great stuff today and long overdue given the risked NPV alone. I look forward to Colter next but will, of course, be holding here long term, and have a fair whack of my SIPP invested for that horizon. Are we potentially seeing the market taking a position for both Colter but perhaps more so the 'transformational' deal that Brian has talked about for a while? We all know, after a great deal of DD, that he and James pulled out of the last one after going deeper. With Graham Martin on board, absolutely anything is possible!

[billyboychrisd] 11/1/2019 12:50

Yep, I think we will see new highs in January. Things to get excited about here

[soulsauce] 11/1/2019 12:35

Good to see the rise continuing and buyers once again having to stump up 5p for the privilege and it will be a privilege.

[soulsauce] 09/1/2019 16:13

1 trade logged if you believe in it.

[amaretto] 09/1/2019 14:39

Their most recent presentation (December 2018 - p9) ties in with PVE's and states early 2020 production. No difference there.