United Oil & Gas Share Discussion Threads

[someuwin] 17/7/2019 10:41

Excellent news! I'm in for more.

[bobby1904] 17/7/2019 10:38

Agreed. How can anyone other than a numpty or desperado sell at 4p off the back of this. It beggars belief that people that stupid have earned enough money in their life to invest in the first place!!

[soulsauce] 17/7/2019 10:35

And as ever the seller's are hot on the news. Don't understand it

[zen12] 17/7/2019 10:29

30bags! Excellent investment and sale..

[soulsauce] 17/7/2019 10:28

Nice. Will take that. OK it is spread over time but we have value from an asset I never thought we would. Lining the ducks up by the look of it.

[maverick247] 17/7/2019 10:26

Wow that's 30 bags on the 150k spent on crownImagine a prod deal lands now !

[pauliewonder] 17/7/2019 10:25

Fantastic RNS - should really light the touchpaper. Huge profit on the Crown asset. Have been worried that management havent delivered shareholder value over the past 12 months given the drifting share price but that is a very impressive piece of business. Look forward to the rerate which should start now. The great thing is they have cash anyway following the last raise and this provides a foreseeable cashflow in the short term which removes the uncertainty of a future raise. Well done management.

[soulsauce] 17/7/2019 09:13

Nice bit of movement today.

[soulsauce] 12/7/2019 15:06

I am not sure Spangle. May be it is close to farm out? To be honest I don't see anything on mainland south of England getting drilled either, too much opposition and nimbys. It's all about the deal for me and may be something on Jamaica and Benin and ultimately Italy. Much of the rest is just packing out the portfolio.

[spangle93] 12/7/2019 10:20

Souls - yep, I think the broker has let slip what UOG hasn't said i.e. that Waddock Cross is back into the long grass. The thing I have a little issue getting my head around is £8MM valuation for Crown, which is equivalent to half the current share price. UOG won a bidding round. Unlike the US system, they didn't pay a royalty or fee, or any back costs. All they've done is got some acreage for free (excluding some timewriting), done some desktop studies, had a CPR, and now it's worth £8MM? No, surely it's currently worth what someone will pay for it. UOG didn't pay anything, and they haven't managed to farm it out. The new, Round 31 licences don't have a value by Optiva, even though the twitter feed shows prospects on the licence. Benin isn't given a figure, and Acle isn't on the list (in the AGM presentation this time last year it stated "drilling targeted for 2019"). Why is Crown any different?

[soulsauce] 12/7/2019 08:01

Thanks Spangle, hmmm kind of at odds with what was said in the pre' Xmas call-in about getting something away at Waddock X. Hopefully we will get something from Benin soon but more importantly the company delivers 'the deal'.

[pauliewonder] 12/7/2019 07:43

So if I'm not mistaken this is the same as Barneys last valuation of 15.4p I believe but takes into account dilution. Tasty upside potential

[spangle93] 12/7/2019 07:34

"The estimate is that United currently has cash resources of £3.5m with which to fulfil short term obligations and fund future expansion plans." :-) The understanding is that United does not have many substantial capital commitments within the next six months. Optiva believes that assets including Waddock Cross, Walton -Morant and exploration activity on Podere Gallina have no immediate or significant near term funding requirement in 2019" :-(

[cpap man] 11/7/2019 07:45

More than enough for me here....love the U/R share price target number for UOG of 51p bobby190410 Jul '19 - 15:38 - 1464 of 1464 New Optiva (Barney Gray) research note out today. Risked Valuation of 11.4p on fully diluted basis (excluding any value for Benin or provisionally awarded 31st Round Blocks). Unrisked valuation is 51p. All of this ignores extra value in the event of potential new farm-in opportunities.

[the manini] 10/7/2019 17:45

Link to new broker notehttps://twitter.com/UOGPLC/status/1149011439790829568?s=19

[thebigbadone] 10/7/2019 15:47

Leak? Or PIs reading the broker note and realising how undervalued we are?

[fbrj] 10/7/2019 15:08

adamski - see post 2 above yours....

[adamski_mk1] 10/7/2019 15:04

Have I missed why the increase in price has happened this afternoon?

[soulsauce] 10/7/2019 14:51

Thanks Bobby against a share price of 3.8p. Mind you the company still need to deliver the transformational deal of hopefully debt funded production. Been talked about for a year now and we still wait :-/

[bobby1904] 10/7/2019 14:38

New Optiva (Barney Gray) research note out today. Risked Valuation of 11.4p on fully diluted basis (excluding any value for Benin or provisionally awarded 31st Round Blocks). Unrisked valuation is 51p. All of this ignores extra value in the event of potential new farm-in opportunities.

[soulsauce] 04/7/2019 11:46

hTTPs://www.valuethemarkets.com/2019/07/04/united-oil-gas-a-mid-tier-oil-player-in-the-making-uog/ Good find maverick.

[maverick247] 04/7/2019 10:15

Great article out todayHTTPS://www.valuethemarkets.com/2019/07/04/united-oil-gas-a-mid-tier-oil-player-in-the-making-uog/

[soulsauce] 02/7/2019 17:25

Yes at some time in between all the tumbleweed blowing around.

[the manini] 02/7/2019 17:21

Hence why they're looking to buy a profit producing asset now...