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UOG United Oil & Gas Plc

0.19
-0.005 (-2.56%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
United Oil & Gas Plc LSE:UOG London Ordinary Share GB00BYX0MB92 ORD GBP0.00001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -2.56% 0.19 0.18 0.20 0.195 0.19 0.20 2,295,120 15:42:31
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 15.83M 2.35M 0.0036 0.53 1.25M
United Oil & Gas Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker UOG. The last closing price for United Oil & Gas was 0.20p. Over the last year, United Oil & Gas shares have traded in a share price range of 0.19p to 2.15p.

United Oil & Gas currently has 656,353,969 shares in issue. The market capitalisation of United Oil & Gas is £1.25 million. United Oil & Gas has a price to earnings ratio (PE ratio) of 0.53.

United Oil & Gas Share Discussion Threads

Showing 2026 to 2047 of 7500 messages
Chat Pages: Latest  84  83  82  81  80  79  78  77  76  75  74  73  Older
DateSubjectAuthorDiscuss
05/8/2019
13:04
With FTSE down 440pts+ in the last week - it's not a bad time to have our shares suspended!
fbrj
05/8/2019
08:01
Yup quoting an RNS, I am such a bad guy. LOL.
ileeman
05/8/2019
08:00
No, happy that others know what you are like.
soulsauce
05/8/2019
07:57
Good that we agree. Must have been the 100p remark that calmed you down.
ileeman
05/8/2019
07:54
Thanks for making my point - 'pointing out the very obvious' lol.

Oh and as suspected you don't have a position.

soulsauce
05/8/2019
07:44
@Soul

Dont know why you are getting upset I am only pointing out the VERY obvious, I dont need to hold to have an opinion.

Just think it is strange figures getting thrown about when the only thing that really matters to the market is what price the equity is. If you get upset over me just quoting the RNS then you are over exposed.

And saying BP is involved so it must be good is silly, as an example look at SRSP.

100p on relist happy now?

ileeman
05/8/2019
06:01
So are we saying that the placing will most likely be announced at the same time or maybe even after the prospectus if the CPR is not expected until then?
bountyhunter
05/8/2019
05:59
Not just the CPR, a whole AIM admission document.

If they use the same independent CPR that Rockhopper did, then that would considerably shorten the time. Plus if it's a full Aim admission doc, won't we also need a CPR on the new licences, and potentially a CPR update/refresher on the other assets that were included in the AIM admission document 6 months ago.

When they moved from the main market to AIM, they announced the move on 31 Jan, and the AIM admission prospectus was dated on 22 Feb, and announced 26 Feb.

Maybe the work is more extensive this time, but I would have hoped (that word again) that it could be issued by the end of this month.

edit - not sure whether this will be linked, but last year's interim results were issued on 18 September

spangle93
04/8/2019
21:20
I would think having done months of due diligence they will already have much of the information but Spangle is the one to ask about that.
soulsauce
04/8/2019
21:04
Do we now when that will be?
bountyhunter
04/8/2019
20:58
Bounty I am sure they will wait until after the Cprs are published.
soulsauce
04/8/2019
20:41
The share prediction is certainly a tricky one in this case. Yes the relisting will be several weeks at the earliest as they have said 19Q4 but I was wondering at what point they will do the placing.
bountyhunter
04/8/2019
17:11
Yes probably a matter of weeks before resisting bounty.

I am still reckoning on some share base reorganisation so may be I ought to have put 18p rather than 6p.

soulsauce
04/8/2019
16:57
that's what I thought I was doing :-$

any idea when we might hear news on the raise, presumably before the relisting doc is published or is it anyone's guess?

bountyhunter
04/8/2019
16:39
Not a bad strategy Spangle, a win win 😊
soulsauce
04/8/2019
16:32
Souls - I was basing my low price on iLeeman's reasoning - I'm hoping yer man will blarney his way to getting insti investors to part with their funds at a higher price than that which it's suspended at, but not expecting it. I'm hoping Owls will get promoted, ....

Some of the AIM listed big oil and gas producers have very low PER, like DGO or JSE. You'd like to think there would be a re-rating of these at some stage. Others produce 2,000 bopd (TXP, CASP), but do these have earning after corporates and tax have eaten into the operational profit?

On the flip side, it's a proven play, rather than the chance to invest in a greenfield development that carries more risk, and like you say, the most interesting (and positive) riddle is why BP would put up funds. I can see their rationale in the win:win deal that SQZ negotiated, and I know they're very active in Egypt, but, well, why would they?

So I've punted low - either to be proven right or pleasantly surprised ;-)

spangle93
04/8/2019
14:24
I agree and I see my guess as on the conservative side, although the price of the raise will have some impact of course and that is yet to be seen.
bountyhunter
04/8/2019
14:15
It wasn't a wild guess. I calculated earnings per share based on the figures from Rockhoppers RNS's for their oil, and applied a PE ratio I thought appropriate and came up with just over 11p. Does anyone know the current average industry PE ratio for a junior AIM listed oil and gas exploration/development/production company? I think 11p is entirely possible given the broker gave us a risked 11p valuation BEFORE this acquisition. Whether we'll hit it upon re-admission is debatable but it's in the realms of possibility IMHO. If not on re-admission, certainly by year end with a decision to drill Jamaica and a plan to scale up production further...
the manini
04/8/2019
13:51
"Equity placing planned to fund the balance of the Transaction"

Surely the price of relist will depend on what price the equity raise is, if it is a discount then it will not go down well but flat or premium raise would go down very well.

As I said if the asset is a good as they claim in the RNS then they should have no problem raising at a higher price.

ileeman
04/8/2019
12:13
Yes we need a clean relisting absolutely no later than Q4 with no ifs or buts! However a deal in this case is essential! ;-)
bountyhunter
04/8/2019
12:10
We are all BORIS trained
cpap man
04/8/2019
12:07
At least there is a little bit of optimism there lol!
bountyhunter
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