United Oil & Gas Share Discussion Threads

[cpap man] 24/6/2019 15:00

News from the AGM seems to rather strongly imply that something really rather beautiful is just around the corner for UOG

Or put another way TRANSFORMATIONAL

[maverick247] 24/6/2019 14:31

Time for the real news to drop now that's done

[spangle93] 24/6/2019 13:59

Taking a while for the "all resolutions passed" email to be issued... I was hoping for a new presentation too

[soulsauce] 23/6/2019 11:36

Yes. Anyone going to report back?

[cpap man] 22/6/2019 10:38

AGM on Monday

[soulsauce] 20/6/2019 18:09

Yes what you hearing wiseacre?

[maverick247] 20/6/2019 14:55

Price action says news coming What noises you hearing hope it's a new producing or development asset as BL mentioned on conf call

[soulsauce] 20/6/2019 13:26

Looks like Mr 250k still sniffing around 😊

[soulsauce] 19/6/2019 18:09

Hope so wiseacre.

Nicely maverick my biggest holding by value too. Well it was when I purchased it 😣 hopefully will surpass my average again in due course.

[wiseacre] 19/6/2019 16:05

Am hearing encouraging noises. Prepare for takeoff!

[maverick247] 19/6/2019 13:42

Probably the most misunderstood junior oil and gas story on aim My largest holding now personally Market cap does not reflect asset base and value simple as that

[soulsauce] 19/6/2019 12:33

SP graph starting a nice little uptrend. Let's hope it continues and more importantly we get some tangible news.

Agm next Monday.

[soulsauce] 17/6/2019 11:34

A bit of the old over promise and under deliver at the moment.
The board have been talking transformational deals for what seems like an eternity but yet to deliver one.
That said I am sure one will come.

[kevd1986] 17/6/2019 11:13

I'm new to investing so not experienced by my own admission but do work in the Oil and Gas sector so have some knowledge.Came across this and did a little research, looks like a no brainer to me but not hearing much noise on it? Anyone know why it's not getting a lot of mentions?Like to get both pros and cons opinions

[maverick247] 14/6/2019 13:55

Makes a difference when big sellers finish

[soulsauce] 14/6/2019 13:32

Starting to show a little resilience. Hopefully it will continue for some time.

[soulsauce] 13/6/2019 11:33

And who were these sellers and why maverick, seems a bit odd given what we are told is coming?

Disgruntled placees because the last deal fell on stony ground?

Placees that were given a big warrant present in the last placing?

[maverick247] 13/6/2019 10:47

Yes and another seller out the other day who dumped 2m last month or soExplains why it came back so for

[snickerdog] 13/6/2019 10:46

Hearing seller out - 575k last of it

[bountyhunter] 13/6/2019 08:44

[ UOG have 20% of Podere Gallina vs PXOG 17% ]

from the above link - PXOG finals today...

"One of these substantially de-risked projects is the Podere Gallina Exploration Permit in Italy. Here we have reported (post period end) maiden gas 2P reserves of 2.26Bcf net to Prospex's 17% interest, as contingent resources previously assigned to the Selva gas field were reclassified as reserves following the successful testing of the Podere Maiar well ('PM-1') in January 2018. This represents the first time that reserves have been assigned to one of our projects by an independent third party, in this case via a Competent Person's Report produced by geophysical services consultancy, CGG Services (UK) Limited ('CGG'). Being assigned first reserves is a major milestone. Not only does it provide Prospex with significant asset backing, particularly when compared to our current market valuation, it also opens up new channels of non-dilutive funding, such as reserves-based lending. Additionally, production from these reserves will lead to a step up in our internally generated revenues which in turn will provide another source of funding for investment in late stage onshore European opportunities both inside and outside our existing portfolio.

January 2019's preliminary award of a production concession for Podere Gallina keeps first production at Selva on course to commence in 2020 at a gross rate of up to 150,000m3/day. At this level and at current gas prices, Selva alone promises to generate significant cash flow for reinvestment across our asset base. This includes Podere Gallina where multiple follow-up targets, many larger than Selva, have already been identified. The scale of the additional run room at Podere Gallina was quantified by the substantial resource upgrade we reported post period end. In addition to 13.3Bcf of gross 2P reserves, Selva's two historic gas producing North Flank and South Flank reservoirs are estimated by CGG to have a 60% - 70% chance of holding 14.1Bcf of gross contingent resources ('2C'). At the same time, aggregate gross prospective resources (best estimate) for four large prospects (East Selva, Fondo Perino, Cembalina, and Riccardina) have increased by 74% to 91.5Bcf from 52.7Bcf. Following the upgrade, our 17% interest in Podere Gallina now translates into net 2P reserves / 2C resources / prospective resources of 2.26Bcf / 2.40Bcf / 15.56Bcf respectively. The joint venture partners are keen to prove up Podere Gallina's potential and bring Selva online."

[bountyhunter] 13/6/2019 07:32

worth a read given the Italian connection...

[soulsauce] 13/6/2019 07:23

Obviously not.

[tunley] 05/6/2019 09:53

...and RBD, and ADL...:-)