United Oil & Gas Share Discussion Threads

[grannyboy] 30/5/2019 07:53

These are a reflection of BPC, who has promised so much for so long, who several months ago looked to be on the way to achieving something, but was then once again thwarted...

Always the bridesmaid..never the bride...

Jamaica will just turn out to be more Jam tomorrow..

[spangle93] 30/5/2019 07:31

Don't know what you're all moaning about, the chairman says it's bloody amazing

[ileeman] 29/5/2019 12:43

As always value will out in the end, just waiting on the big bang news catalysts.

[soulsauce] 29/5/2019 09:04

True to a certain extent iLeeman but there is some scope for good news with the possible farm out of Jamaica and Crown and some resource prediction for Benin.

Of course it is the transformational deal we are waiting for that Brian has for so long has said is coming.
Unfortunately Brian has not yet delivered, despite all his excitement in pieces to various media, and bored PI's have and are moving on.

You take the cash in the bank (raised at 5.5p) and the assets and this really does offer good value, however that does not mean it won't drop further if the company fails to deliver some good news soon.

[ileeman] 29/5/2019 08:55

As previously mentioned good fundamentals and a good board of directors, problem is in this market it wants near term significant news, high CoS drills etc.

Good assets but scope for upside does not come until 2020.

[soulsauce] 28/5/2019 10:40

Unfortunately paulie the share price has suffered from over promise and excitement and under delivery so may be it is good that BL has gone quiet.

A conference call is due in June if he keeps up the quarterly plan set by the last two.
I think if the status quo has not changed by then there will be a few more searching questions to answer.

[pauliewonder] 28/5/2019 09:10

BL needs to provide an update and soon. I believe it was September when the previous opportunity was not taken up. He keeps banging on about a transformational acquisition, but it seems to be taking far longer than expected and hes as quiet as a mouse at the moment. Come on BL, earn your corn...

[soulsauce] 28/5/2019 09:02

Not sure about that bobby but something certainly caused a wave of selling early doors.

Of course what this is really suffering from is lack of news.

[bobby1904] 28/5/2019 08:50

I reckon sellers this am have been hit by stop losses/margin calls on Asiamet. Lots of people in both...

[soulsauce] 26/5/2019 10:19

Yes I remember BL hoping Italy would be Q4 2019 which then became Q1 2020 and now if you look at what Po Valley say it will be Q4 2020.
May be we will get a decision on Jamaica but BL needs to get on with producing the transformational deal he has talked so long about to stem the share price drop and continual selling and maintain some credibility.

[techtrend] 26/5/2019 10:01

Re-listened to the UOG March investors call this w/e and BL said decision on Jamaica must be made this year, with drill having to be 2020 or 2021 based on terms of license with UOG aiming for 2020.

[soulsauce] 22/5/2019 18:23

I think that sort of news is a way off yet. Tullow will want to know what they have in Guyana before making commitments elsewhere.

But in the light of no other news and a very disappointing Q1 and start to Q2 I am happy to be wrong.

I would hope Larkin and Co' start to follow through with the excitement they show in conference calls and pieces to camera.

[techtrend] 22/5/2019 16:12

Just to remind ourselves re Jamaica and TLW. Perhaps not far from a decision re drilling?

Tullow Oil PLC RNS's

25 April 2019
AGM Trading update

Elsewhere within the portfolio, Tullow continues to work up prospects to compete for capital for drilling in 2020 and beyond in Mauritania, Côte d'Ivoire, Jamaica, Peru and Suriname.

13 February 2019
2018 Full Year Results

Jamaica
Interpretation of a 2,200 sq km 3D seismic survey recorded in 2018 continues as Tullow matures prospects that can compete for capital for drilling in 2020.

[bobby1904] 20/5/2019 08:49

When the promised production deal lands the sellers here are going to feel sick!!

[pauliewonder] 17/5/2019 13:23

We need some activity here from management. I still believe the story and think we are undervalued but BL indicated they were close to completing acquisitions and apart from the reference to pulling out in September there hasn't been much. Interested to hear more

[chinese_takeaway] 15/5/2019 11:14

https://twitter.com/GoodnightCharl1/status/1128589775068438528?s=19

[soulsauce] 12/5/2019 23:37

It's a long way from doing 3D to having an actual oil and gas find.
If it wasn't this would be trading at 350p instead of 3.5p.

[alamaison5] 12/5/2019 22:08

I can only assume that none of you is aware of this:

hxxp://jamaica-gleaner.com/article/focus/20190512/norris-mcdonald-tullow-and-jamaica-why-silence-over-big-oil-and-gas-find

No comment except;
Nigeria, Libya, Syria etc.
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1346

[alamaison5] 12/5/2019 22:08

I can only assume that none of you is aware of this:

hxxp://jamaica-gleaner.com/article/focus/20190512/norris-mcdonald-tullow-and-jamaica-why-silence-over-big-oil-and-gas-find

No comment except;
Nigeria, Libya, Syria etc.

[soulsauce] 03/5/2019 14:38

He just gets a wee excited 😁

[spangle93] 03/5/2019 14:32

LOL hermana3, defo agree on that

[hermana3] 03/5/2019 14:02

Brian Larkin already has that one covered!!!!

[cpap man] 03/5/2019 13:15

Any chance that poster could now do some shameless ramping of UOG?!?!?