United Oil & Gas Share Discussion Threads

[mcpaulas] 29/1/2019 17:03

The market always goes over board.So as you say there could be a real buying op coming our way

[soulsauce] 29/1/2019 16:31

mcp I don't see why the market would give this a 'real kicking' if Colter is not drilled. We only have 10% and much bigger fish to fry and I am sure they will find a new home for the money saved.
If you are right I will buy many more.

[mcpaulas] 29/1/2019 16:10

Only 28days in february looks like they may not be able to drill in the aloted time ,they may have to seek an extension from the council.The market will give this a real kicking if drilling is cancelled or delayed.

[maverick247] 29/1/2019 14:46

Rig moving now

[soulsauce] 29/1/2019 10:50

Yes I think the share price is discounting the possibility that Colter won't happen. Much more going on than Colter so I am not getting upset about it.

[techtrend] 29/1/2019 10:46

ENSCO-72 oil rig delayed for Poole Bay drilling

[fbrj] 27/1/2019 11:31

Mustbefunny - you are right of course but owing to the size of the company I'm not sure that in the overall scheme of things it makes much difference (some II can only invest in main market listings).

adorling - Assuming the directors did not participate in the 5.5p placing I think the answer is 4.6%.

[soulsauce] 25/1/2019 15:28

What a muppet.

£5m in the bank plus interest.

[cpap man] 25/1/2019 15:21

Yes DATAIT get back to the UKOG thread [where they need funding] remembering that UOG are fully funded for all the current extensive work programme having raised funds just a few months back at 5.5p

[letsnotpanic] 25/1/2019 15:18

Is the meant for UKOG as we're fully funded?

[adorling] 25/1/2019 15:01

Fbrj, what share holdings excluding warrants and options do the Directors actually hold?

[mustbefunny] 25/1/2019 11:54

Main market not AIM

[mcpaulas] 25/1/2019 11:53

With very little freefloat 400,000 sell will move this downwards and the seller knows it.Watch out for his return when it drops below 4.8 on the offer.

[fbrj] 25/1/2019 11:39

With all the recent podcasts etc (and no real new news) I hope this will come good in a big way...otherwise there is a danger of it becoming another AIM hype. For the time being I'm a BL fan, as he has pretty well delivered on all he has spoken about previously. I love his enthusiasm. My only slight niggle is the amount of actual equity the board holds - I don't include all the warrants/options here. They provide the upside with zero risk! I've averaged down over the last couple of months and finally am just about b/e. I hold 1%+ of UOG.

Incidentally....seeing the trades today I really just don't get how someone sells 400,000 shares just when we are about to get the Colter appraisal results. Unless there are really good personal reasons (fair enough), why divest right now? The risk is commercial volumes.....not actual oil!

[ftangftang] 24/1/2019 14:18

HTTPS ://audioboom.com/posts/7153214-united-oil-gas-shield-therapeutics-and-chris-bailey

[soulsauce] 24/1/2019 13:55

Podcast out. Link on lse.

[maverick247] 23/1/2019 10:33

Think this goes on a run now still silly cheap any one of the eight assets justifies current cap

[tektonik] 23/1/2019 10:22

Well put Dorset. We currently have some good momentum in an environment creating plenty of headwind. Our portfolio here transcends Colter and whilst we all anticipate a result it doesn't change my view on this investment if we do not get one.

[soulsauce] 22/1/2019 15:35

Yes nice to see this going in the right direction. Brian did say we would have a busy January and February news wise after a disappointing q4.
Well Jan is three quarters through and still nothing so it is time to start delivering.

[dorset64] 22/1/2019 15:23

Good conversation guys and on both sides, always good to question our investments no matter how good we all think they are. As for Colter & the CoS, personally, I'm not too hung up on it at all as if thats all we had, I wouldn't be invested here at all but it isn't, we have far far more than just one site with a prospective CoS of circa 65%.

For me, I'm here and invested for the longer time to run UOG into the future due to the management, their contacts, what we currently have and what they will no doubt be bringing in, in the near and longer term.

For me this is a long term investment and don't see how whilst trading, you can expect to be making too much money in the short term, unless you're dealing in million's of shares which no-one obviously is. Long term hold.

[the manini] 18/1/2019 21:20

https://twitter.com/Lee_Trades/status/1086225548551041026?s=19

[gunsofmarscapone] 18/1/2019 13:26

Ronconomics

I have no doubt that oil prospectors use experience and intuition but remember that in calculating a g.c.o.s there is a list of four key risks. Each one of those risks is a single point of failure.

Dr M Butler of Baron Oil had an involvement in the prospect many years ago, I do not know if that was before or after the discovery well.

[gunsofmarscapone] 18/1/2019 11:47

Morning Spangle

Put some feelers out for info but it’s really not necessary for puntvestment tactics on well ops. A strategy is required even if sometimes missing out on huge profits the priority is risk-to-capital. Its very difficult to recover from losses if ‘investingR17; in oil wells. Gamblers fallacy etc, I use Huygens theorem which in very simple terms instructs distribution of positions and requires sufficient wealth. If you start this game on the backfoot financially you are much less likely to succeed. Thats why Maninis approach is so risky but to be fair to him if an investor can pick the right companies and invest people like Manini can wipe the floor with other investors.

I’m not sharp enough or sufficiently well researched to develop enough willpower to buy and hold. Had to work out my own approach. Here’s a para from an Optiva note last Jan, should be searchable. Also I posted a link to English Channel prospectivity earlier, right down your street!

However, further seismic reprocessing is underway and we expect that the results of this, expected to be available at the end of January 2018, will increase United's understanding and confidence in the prospect and mitigate a degree of the associated risk. At present, the well has been ascribed a 58% chance of success (CoS) which we have applied to our internal assumptions.

I apologise, think I posted 56% earlier. The discovery only flowed 8.5 barrels and 100 barrels of water. I have no idea how long this was attempted for. 48 hours max? Sound sensible?

Much as I relish banter and swim against the current I’m not planning to post my tactics again. Mongolia last year was more interesting. Some politics, climate V weather, pressurised decisions re seismic, visas, logistics of kit movement and of course the wells themselves.

[ronconomics] 18/1/2019 11:44

My take generally speaking is a find has to be economic. The success criteria for that is multi faceted bringing into play assumptions about future costs and the oil price, risk appetite, opportunistic elsewhere etc So it's judgemental and specific to the owners of the asset or someone who wants to buy it off them.