United Oil & Gas Share Discussion Threads

[soulsauce] 12/2/2019 17:08

Yes chinadog moving to Aim. I don't think anyone gets that other than the BoD.

Apparently it will increase liquidity which is the thing killing us at the moment with the large seller and low volume.

[chinadog3] 12/2/2019 16:17

Soulsauce many thanks. But if successful it will be a positive here.

A tad surprised to note that UOG wants to align in AIM. Less expense, less scrutiny?

[soulsauce] 11/2/2019 17:31

chinadog flattered you should ask but Spangle is probably the best to answer. However my take fwiw.
For all intents and purposes it is an appraisal well. There should be no question that oil is there. The question is will there be enough to make it commercial and producable profitably through the Wytch facility.

If I am being honest I would say it is 50/50 but I am not in UOG for Colter so it will just be a nice surprise if it comes in.

[chinadog3] 11/2/2019 17:00

soulsauce what's your take on Colter?

[soulsauce] 11/2/2019 13:40

More large sells through this morning but able to buy at 4.677p 😕

[bountyhunter] 08/2/2019 14:59

May pick up further on move to the AIM as no stamp duty then.

[ileeman] 08/2/2019 12:10

Seems fairly simple to me people want everything near term on LSE...2020-2021 for UOG main targets might aswell be in the next century.

Welcome to the London stock market.

[dorset64] 08/2/2019 12:03

At the end of the day, the reasons for one or more people selling can be numerous, whereas the reasons to buy here are obvious.

I to ignore when a large holder, whether insti or private is unloading as it happens all the time and for many reasons. What you have to keep on eye on is the story, and if the story hasn't changed from when you first bought shares & the share price is lower, then the obvious answer is to buy more if you can.

UOG are building a great future prospect here and I for one am happy to be on board at this stage given I am more a long term invested rather than a trader, so I have seen this type of selling many times before and not once have I joined them unless a RNS is released to say I should.

With cash in hand I would be a buyer again at these levels if I could but agree, it is damm annoying seeing the sale side being continually loaded, but it will end at some point for sure.

[bountyhunter] 08/2/2019 11:55

Agree Bobby, bought in today as there is plenty of newsflow ahead to drive this up imho provided positive news which I think is quite likely. Buy when others are fearful is Buffet's mantra.

[jaka] 08/2/2019 11:54

2 mill Off Trade again.

[bobby1904] 08/2/2019 09:50

Yep, I agree. Are there any real investors left in the small cap space? Just seems to be dominated now by day traders...

[soulsauce] 08/2/2019 09:35

bobby it has been going on for ages and is very frustrating.

[bobby1904] 08/2/2019 09:33

Who are the morons selling any of this today? I can only deduce they had 1 brain cell before & now that has dribbled out their nose this morning as you literally need your head tested to be selling now with Colter just spudded, recent positive Selva news and Jamaica news around corner!!

[soulsauce] 07/2/2019 18:39

Be nice to think so cpap.

[cpap man] 07/2/2019 17:45

An odd number soulsauce so dare I say that our seller is now done?

[soulsauce] 07/2/2019 17:39

And there is today's big sell.

[thebigbadone] 07/2/2019 16:38

I think the Jamaica CPR will blow the market out of the water. The key being that Colibri is visible on the 3D which BL has spoken very positively about. I'm also positive he, JL and GM will deliver a producing asset in the near term financed predominantly by debt which, particularly in this market, will prove to be very valuable indeed.

[soultrading] 07/2/2019 13:12

Listen to Sachin Oza, co-CEO of #RBD discuss yesterday’s spudding of #Colter – Reabold has an “effective interest of around 16% [in #Colter], which is the largest of all the publicly-listed companies…”

[soulsauce] 07/2/2019 10:18

Well all that news did was allow some liquidity for the large seller to bail some more.

Hopefully the Jamaica news will actually move us on a fair bit from here and clear the big seller altogether.

[spangle93] 07/2/2019 09:05

Ha ha, Soulsauce - is there a hint of an irish accent in your post?? ;-)

[soulsauce] 07/2/2019 08:59

No you are wrong, they will hopefully be re-drilling Waddock X, but they have transformational deals in the pipeline which may include production or near term production.

And of course the Jamaica CPR will be in the hundreds of millions of barrels.

[ileeman] 07/2/2019 08:54

Good news but am I right in saying they do not have production or more drills until 2020? apart from Colter ofcourse.

[spangle93] 07/2/2019 07:51

How unusual to quote a "best" case for the other prospects, rather than a most likely case.

PXOG includes the same table (PVE hasn't [yet] announced it), so it's a partner choice rather than UOG's shennanigans.

I'm just not sure how this helps investors, unless "best" case is a poor choice of words, i.e. it actually does mean "our best representation of the subsurface is...."

If any of you has a hotline to the boss, maybe you could clarify this. I guess he'll be back on TV once the last CPR is published, but I'm sure his focus will be on Colibri