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Share Name Share Symbol Market Type Share ISIN Share Description
United Oil & Gas Plc LSE:UOG London Ordinary Share GB00BYX0MB92 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2.70 2.60 2.80 2.75 2.66 2.75 579,972 08:02:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.0 -0.6 - 17

United Oil & Gas Share Discussion Threads

Showing 2001 to 2025 of 4075 messages
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DateSubjectAuthorDiscuss
31/7/2019
11:07
probably at interims in September ahead of UOG publishing the prospectus prior to relisting in Q4 (assuming all goes as anticipated)
bountyhunter
31/7/2019
10:45
True cpap. When might we get an update here on progress re suspension?
chinadog3
30/7/2019
18:30
Rather depends chinadog3 if they are attached or not!?!?!
cpap man
30/7/2019
15:40
how long is a piece of string?
chinadog3
30/7/2019
06:09
More evidence that RKH arranged to sell us non-core assets to improve their financial position ahead of a loan application for Sea-Lion... https://uk.advfn.com/stock-market/london/rockhopper-exploration-RKH/share-news/Rockhopper-Exploration-plc-Sea-Lion-funding-update/80422889
bountyhunter
28/7/2019
16:54
Thx bountyhunter, if those figures are right that's very encouraging! Add on some extra capacity as we go along and this is gonna be a superb asset for us.
the manini
28/7/2019
14:31
And from Rockhopper's accounts to 31 Dec.2018: "In Egypt, all of the Group’s oil and gas production is sold to EGPC. The average realised price for oil was US$68.4 per barrel, a small discount to the average Brent price over the same period. Gas is sold at a fixed price of US$2.65 per million British thermal units (“mmbtu”)." and "Cash operating costs on a per barrel of oil equivalent basis remain attractive at US$11.7 per boe."
bountyhunter
28/7/2019
14:25
According to Rockhopper Egypt back in H1 2017 operating costs at that time were very low at just $8/b which is very encouraging.
bountyhunter
28/7/2019
13:34
No, I'm just saying that based on a hypothetical closing date of early November 2019, ~$1m income to UOG per $3 profit on each barrel would be due to UOG on completion at that rate of attributable production since 1 Jan 2019. I would expect the actual profit per barrel to be much higher but don't know what it is, no doubt we will find out in the readmission document in due course prior to relisting.
bountyhunter
28/7/2019
12:52
Is it known for sure that $3 per barrel is their profit or is this an industry average figure you've used bountyhunter?
the manini
25/7/2019
17:44
Absolutely, >1100 boepd will be an average figure so applicable to every day of the week from 1 Jan 2019. So say the deal completes at the start of November given Q4 completion that's 1100 x 300 = > 330,000 boe of production revenue attributable to UOG which for every $3 per barrel of profit equates to $1m!
bountyhunter
25/7/2019
17:21
I would assume that is average per day for year, including any downtime due to maintenance/faults etc. So yeah 7 day, was my assumption but I'm not 100% on that.
kevd1986
25/7/2019
16:13
The 1,100 boepd, figure would you calculate that for 5 or 7 days a week? Anyone with any idea and what price would you use? The current oil price or some discount? Answers much appreciated coz from what I've calculated so far and by likely completion time the figures look very good but without knowing for sure about the above points I could be a fair way off...
the manini
25/7/2019
15:29
plus revenue due from Italy from next year, so that's £4m cash on the balance sheet + £4m from Crown sale + revenue from >1100 boepd since 1 Jan 2019 for the aquisition (several million pounds? - does anyone have an estimate for that?) + ongoing revenue from the aquisition post completion + revenue from Italy next year not to mention Jamaica and the other assets, ...not bad going for a company with a market cap of just £14m at the time of the RTO suspension! Given the likely positive revaluation on relisting following the RTO I would guess that a modest placing even if priced at 4p would be comfortably oversubscribed.
bountyhunter
25/7/2019
15:00
the Crown asset sale will ultimately bring in aroound $5m; meanwhile the placing is to bring in new IIs not just for this transaction but also "for the next one and the next one"
bountyhunter
25/7/2019
14:53
from the Youtube link UOG are also looking with BP at other potential acquisitions
bountyhunter
25/7/2019
14:45
https://www.energyvoice.com/oilandgas/north-sea/204286/united-oil-and-gas-to-divest-or-drill-wells-on-north-sea-assets/
kevd1986
25/7/2019
14:24
Nice interview with IG here too: https://www.youtube.com/watch?v=z8IXOM6Z7J8
thebigbadone
25/7/2019
09:53
And there could be a reason Uog might be up a substantial amount on return. Not beyond the realms of possibilities. I apologise to anyone who thought my post misleading but as it is only iLeeman that has taken it out of context and posted several times about it after saying he would leave it at that then I am sure most of you have taken it in the manner it was meant. And by the way iLeeman my text does not contain the words 'like RRE', get your facts straight for a start. If it had we wouldn't be having this argument.
soulsauce
25/7/2019
09:48
Name calling you have already lost the argument, as I said all for factual positive posts but misleading posts need to be called out...there is a reason RRE is up 100% so saying 'like RRE' is misleading. Sorry for off topic, have a good day.
ileeman
25/7/2019
09:45
iLeeman are you thick? There wasn't a comparison beyond the big uplift. The post was just hoping that we may get a 100%+ uplift on relisting like RRE. Do you get it now?? The reason I used RRE is that they had done just that. It could have been any company relisting like Pere but then I am sure you would have been pedantic enough to point out they are in copper and not oil Sorry for off topic guys. Agreed bountyhunter and while we are suspended there are all sorts of different ways the share base and raising can be structured.
soulsauce
25/7/2019
09:22
Agreed soul. Re the UOG cash situation... Cash and cash equivalents reported in the most recent audited accounts on May = £4,035,910 So not insignificant and should be taken into account together with the Crown proceeds and production revenue for 1100bopd due from 1 Jan 2019 on completion in Q4. (UOG market cap just £14 at RTO suspension)
bountyhunter
25/7/2019
09:20
lol "'hoped' we would get a 100%+ uplift on relist" then why use RRE as a comparison. All I am saying it helps to be factual rather than misleading. Have a good day.
ileeman
25/7/2019
09:04
FFS iLeeman get a life!! My post was that I 'hoped' we would get a 100%+ uplift on relist, nothing more, nothing less. You have again tried to tell me what I already know about UOG & RRE. Please don't try to tell me about UOG when you have been here 2minutes. Depending on how this deal is done it is entirely plausible that we could come back a good deal higher than it suspended at. Hope that helps.
soulsauce
25/7/2019
08:45
No Soul you implied UOG would get a 100% gap up like RRE, I think people can read your post and see exactly what you said. RRE is a cash giant with cash exceeding their market cap on relisting, it paid for their acquisition entirely with their own cash. UOG does not have enough cash to cover the entire acquisition and will need to raise, completely different. All for positive views but at least be realistic and factual.
ileeman
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