United Oil & Gas Share Discussion Threads

[cpap man] 03/8/2017 11:00

Your post got a tick up encarter but only 6p?!?!?

These ex Tullow Oil boys want to build an O&G company with a share price in the £'s and not the p's!!!!

[encarter] 03/8/2017 10:52

Yes. A main market listing with top management and only good news to follow over the short term. When they are 6p and awaiting drill results will be decision time for those in at these levels.

[cpap man] 03/8/2017 10:15

Good to see that UOG are on the up again today!

[cpap man] 03/8/2017 07:55

No probs Nissan300

[nissan300] 02/8/2017 22:58

Cheers cpap man

[cpap man] 02/8/2017 19:15

BARNARD NOMINEES

INVESTMENT COMPANY

CONTACT: James Richard Atkinson

[cpap man] 02/8/2017 17:36

We will take NOTE Nissan300....good luck with UOG

[nissan300] 02/8/2017 16:58

After getting battered on CLLN (well a £1400 loss) I've joined the party today with a small £1500 punt.

[cpap man] 02/8/2017 13:55

For more information please visit the Company's website at www.uogplc.com

[cpap man] 02/8/2017 13:50

Brian Larkin, the Company's CEO, commented: "We are delighted to list United Oil & Gas Plc on the London Stock Exchange along with completing a fully subscribed share placing of £3million. Our work programs are wholly funded and we look forward to drilling our first well in the Selva field in the Po Valley in Italy, in October. In addition, we continue to evaluate further potential acquisitions and farm-in opportunities".

[cpap man] 02/8/2017 13:45

Managing Director – Brian Larkin.

Brian is the founding director of United Oil and Gas Limited. He is a Qualified Accountant and has an MBA from Dublin City University. He has extensive oil and gas industry experience having worked for Tullow Oil Plc, where he held both finance and commercial positions. Brian has worked on a variety of production, development and exploration projects in countries such as, French Guiana, Guyana, Suriname, Uruguay and Asia. Prior to Tullow, he worked for Providence Resources Plc, in senior finance and commercial positions. During his time with Providence Resources Plc, Brian worked on a wide portfolio of assets in regions such as, the Gulf of Mexico, offshore Ireland, onshore United Kingdom, and offshore Nigeria.



Technical Director – Dr. Jonathan Leather.

Jonathan has 18 years experience in the oil industry and holds a Geology degree from Oxford University, a PhD in Sedimentology from Trinity College, Dublin, and an MBA from Warwick University. He worked for Tullow Oil Plc form 2007 to 2015, where he held a number of senior positions, including membership of the Global Exploration Leadership Team. He also managed Tullow’s Subsurface Technology Group – a team he established and built up to provide specialist technical input across the company in both exploration and development. As part of this, he worked on assets and opportunities ranging from onshore producing fields to deepwater frontier exploration.
Prior to Tullow Plc, Jonathan worked for Shell, where he was initially involved in North Sea exploration – identifying both near-field opportunities and new play concepts. He then moved into a global team, working on development projects in Nigeria and Abu Dhabi, as well as continuing to be involved in exploration in Europe, Malaysia, and Saudi Arabia.

[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?