United Oil & Gas Share Discussion Threads

[soulsauce] 17/12/2019 11:17

Lol, I asked for that.

[cpap man] 17/12/2019 10:35

Just looked on the world map soulsauce and note that it is still there!

[soulsauce] 17/12/2019 10:25

So what happened to Benin? Anybody know.

[bountyhunter] 17/12/2019 10:19

Buzz, yes agreed, HUR has certainly (unexpectedly) become a bit of a conundrum!

[buzzzzzzzz] 17/12/2019 08:18

BH

HUR a basket case, not sure who to believe. But looking a long term investment.

[bountyhunter] 17/12/2019 07:23

From PXOG this morning...[UOG has 20%]

o Podere Maiar-1 well on 17% owned Podere Gallina licence in Italy which is expected to commence production in 2020 at rates up to 150,000 scmpd (5,300 mscfd), subject to regulatory approvals and installation of production equipment

[bountyhunter] 16/12/2019 18:25

Absolutely Buzz, hope you are keeping well. By luck rather than judgement I had to sell my HUR shares early October hence my lack of posts recently. I may get back in there but a bit unsure after the unexpected WS result. Meanwhile I have joined the Directors and yourself here at a similar price (top up) as given the future anticipated production from Egypt alone this seems to be well undervalued to me.

[buzzzzzzzz] 16/12/2019 17:54

BH

Fancy meeting you here!!
Bought in the placing, 10k

Let's hope it performs better than HUR is doing at the moment.

[snickerdog] 15/12/2019 17:23

Yes Mr Manini and not scared to add. There seems to be a bit of placing churn. Been adding to Asiamet too taking advantage of what I believe to be temporal low prices.

[the manini] 13/12/2019 10:03

I personally think we'll see a double figured shareprice in 2020

[someuwin] 13/12/2019 08:33

Adding at these levels.

[cpap man] 12/12/2019 11:51

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

12 December 2019

United Oil & Gas PLC ('United' or 'UOG' or 'the Company')

Completion of Sale of North Sea Blocks 15/18d and 15/19b (Licence P2366)



United Oil & Gas PLC (AIM: "UOG"), the AIM traded oil and gas exploration and development company, is pleased to announce the completion of the sale of the North Sea Blocks 15/18d and 15/19b (Licence P2366) to Anasuria Hibiscus UK Limited ('Hibiscus') for a headline consideration of up to US$5million (the 'Sale').



The completion of the Sale has triggered a payment of US$900,000 to the sellers, United and its minority partner Swift Exploration Ltd. (US$855,000 net to United). This is in addition to US$100,000 (US$95,000 net to United) previously paid on signing of the Sale and Purchase Agreement (see announcement of 7 October 2019). Up to a further US$3 million will be paid by Hibiscus (US$2.85m net to United) before the end of 2020, subject to certain key milestones being achieved. In the event that these milestones are not achieved the licence will revert to United and Swift Exploration Limited, if Hibiscus exercises its option not to pay the US $3 million and the US$1 million will not be repaid. In addition, up to US$ 1 million will be paid through an overriding royalty scheme once the Crown discovery has commenced production.





Brian Larkin CEO, United Oil and Gas PLC:

"The completion of this divestment is further proof of United's ability to manage our portfolio in a way which delivers tangible returns for shareholders. We have, in a short space of time, added significant value to Licence P2366 and realised a significant return. With activity across our portfolio of multi-stage assets over the next twelve months, including the completion of the Rockhopper Egypt acquisition and the commencement of production at the Selva field in Italy, the momentum behind the business is set to continue and I look forward to providing further updates on our progress".

[soulsauce] 12/12/2019 11:35

Nice, a welcome $885k to the coffers with another $3m or return of the licence to come next year.

[the manini] 12/12/2019 11:10

Think it's starting to sink in that this is a great deal for UOG. Will be starting 2020 in great shape, a different entity with 4 new wells to increase production with an historical 80% success rate...

[the manini] 12/12/2019 09:33

Write uphTTps://www.energyvoice.com/oilandgas/africa/213840/united-nears-abu-sennan-deal/?utm_source=twitter

[soulsauce] 10/12/2019 16:05

What market is he talking about that has dropped 20%? In July the Ftse was 7400 it is now 7200. Now I am no mathematician but that's not 20%.

[the manini] 10/12/2019 15:48

If I wasn't scalping bit coin I would have ;)

[soulsauce] 10/12/2019 15:28

Thanks for the links Manini.

If you change the tt in https to TT the links should work.

[the manini] 10/12/2019 15:12

vox interview https://audioboom.com/posts/7447645-united-oil-gas-immupharma-w-resources

[thebigbadone] 10/12/2019 13:28

Great interview as per by Brian. We should see further uplift on the 2 test wells this side of Christmas too. Could easily see plenty of uplift on the 1100bopd from Egypt. There's so much to like about this company especially with the BP and perhaps now less so the Tullow link! No need to raise again crucially. Cashed up. Time to sit back and let this shift up a few gears into double digits.

[the manini] 10/12/2019 13:19

Interview with Andrew Scott https://twitter.com/UOGPLC/status/1204388579553755136?s=19

[stocktrend2] 10/12/2019 12:22

Might buy back at 2-2.5p soon