United Oil & Gas Share Discussion Threads

[snickerdog] 02/6/2019 10:06

Soulsauce if you don't think that Brexit has not had an effect across the small cap market then you are almost certainly wrong in my opinion remember the run-up into April and May of this year? It had an effect for sure. Perhaps mentioning other factors such as investor impatience may have been better.I have patience and strongly believe that this the bottom

[soulsauce] 01/6/2019 18:13

It may have snickerdog but not on companies like this. I have not seen any such complaints across any of my other shares or any that I have an interested eye on.

[snickerdog] 01/6/2019 17:59

Brexit uncertainly certainly has had a negative impact throughout the year, perhaps he could have expanded but best to concentrate upon the positive. I've been a large adder at these levels and will continue to do so.

[soulsauce] 01/6/2019 09:13

Very good interview as usual from Brian, despite the sound issues, but blaming "Brexit" for the fall in the share price, come on Brian you are better than that.
There are many reasons for the fall in the share price which Brian could have cited but many may be a bit too close to home for him to admit, however I would sooner him be truthful.

First time he has mentioned trading one of the other assets to assist in getting the transformational deal.

He has made a big statement there though. If we get one of these deals done the current share price will be a distant memory, hmmmm we will see.

[maverick247] 31/5/2019 14:08

Another 300k for me this week Value is clear people will be buying this over 6p this year imo

[soulsauce] 31/5/2019 13:25

Indeed cpap

[cpap man] 31/5/2019 13:20

You can watch it over on Tw*tt*r

UOG could well be a serious BUY at these crazy low levels as long as the ex Tullow Oil team finally deliver big time now!

Less talk - more action required!

[uapatel] 31/5/2019 13:13

United Oil's Brian Larkin welcomes industry big hitter as CFO

[...]

Sorry guys doesn’t let put the proactive link up on the interview today

[soulsauce] 31/5/2019 08:52

Lol Spangle, hopefully the company has injected a bit of dynamism and not more blarney.

adorling he will probably be issued a wad as a remuneration package with options.

However it does look like a transformational deal might be a step closer.

[spangle93] 31/5/2019 08:01

well beat me up with a bodrhan, the new CFO an Irish guy who used to be with Tullow Oil.

I guess it saved on the recruitment consultancy fees, but I will look forward to what the annual report has to say about board diversity, because they are packing it with pretty like minded souls

[adorling] 31/5/2019 07:35

“David does not currently own any shares or options in the Company.” I suggest he buys some down at these levels then as it does not get any cheaper!

[cpap man] 31/5/2019 07:25

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

31 May 2019

United Oil & Gas PLC ("United" or the "Company")



Appointment of Chief Financial Officer



United, the AIM-traded oil and gas exploration and development company, is delighted to announce the appointment of David Quirke, ACMA, as Chief Financial Officer and Company Secretary to the Board, effective from June 24th, 2019.

David has 17 years of treasury and corporate finance experience in the upstream oil and gas sector. He established and led the Tullow Oil Group Treasury function for a fifteen-year period from 2003 to 2017, supporting a period of transformational growth. He has extensive experience of the key exploration & production ('E&P') debt and equity instruments such as Reserves Based Lending Facilities, Acquisition Facilities, Corporate Bonds, Trade Finance Facilities and Equity Transactions.

More recently, David acted as a Treasury and Financial Consultant advising Assala Energy on their corporate finance and treasury following the acquisition of Shell's onshore assets in Gabon. He has also supported a number of small E & P companies in managing their capital structure and developing financial strategies.

David is a qualified chartered management accountant. He holds a BA in Law and Accounting from the University of Limerick.



United Oil & Gas CEO, Brian Larkin said:

"We are delighted to persuade someone of David's calibre and experience to join us for the next phase of our development. We are building a team that will enable United to fulfil the undoubted potential of our asset base and to further grow this Company. David's experience in an international FTSE 100 company and extensive banking relationships will strengthen our ability to develop new funding avenues to fuel our growth. His understanding of the Capital Markets and Corporate Finance, particularly in the E&P sector, will expand our financial options for both acquisition and operations."



AIM Disclosures

David Thomas Patrick Quirke, ACMA, aged 46, has held the following directorships and/or partnerships in the past 5 years:

Current:

Past:

Inspired Marketing Services Limited

Tullow Oil Limited



Tullow Oil Overseas Finance Limited



David does not currently own any shares or options in the Company.

There is no further information on David Quirke required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.



In accordance with the commitment made at the time of the AIM Admission to add further financial expertise to the Board of United, the Board has considered it appropriate at this stage to appoint a full-time CFO who will also assume the Group Company Secretarial responsibility.



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



United Oil & Gas Plc (Company)



Brian Larkin

[e-mail]

[cpap man] 31/5/2019 07:23

Another RNS out from UOG ref: new CFO ex Tullow Oil

[soulsauce] 30/5/2019 18:06

And yet the share price continues to crater.

[maverick247] 30/5/2019 13:26

Been adding a few hundred k shares here last few weeks Just found out that a block seller out from twitterOver 2m shares sold past week No wonder price had been smashed but at least I picked up some cheap ones

[bobby1904] 30/5/2019 12:25

Cash at end Dec 18 was £4m. So now somewhere around £3.5m imo. Say £3m to be conservative....

[laptop15] 30/5/2019 11:44

Thanks soul

[soulsauce] 30/5/2019 11:03

Over £3m, the valuation is currently ridiculous but I do understand how we have arrived here.

[laptop15] 30/5/2019 11:00

How much cash have they got at present?? Any guesses??

[bobby1904] 30/5/2019 09:45

From conversations I've had seems like margin calls kicking in for a holder whose been stopped out elsewhere - I think from ARS drop yesterday.

[soulsauce] 30/5/2019 09:22

Yeah, great idea joining Aim then wasn't it.

Seriously poor performance since the last raising and time for BL to start delivering something meaningful to get this back on a more even keel.

[pauliewonder] 30/5/2019 08:53

Absolutely toxic at the moment. BL doing little to stop the rot...