United Oil & Gas Share Discussion Threads

[rumobejo] 20/12/2019 14:08

i like that 400k at 4.1p, good on you andrew

7000bopd should equate to 7p today, am not good on math, just like for like

10p Monday if not TODAY

10p

[seagullsslimjim] 20/12/2019 14:08

Well the buying appears to be pretty relentless and bodes well.

[rumobejo] 20/12/2019 14:03

that's a proper xmas rns

10p

[soulsauce] 20/12/2019 13:49

Iamgreat have you read the Rns?

Let's say it levels out and choked to produce 2000bpd that is another 440bpd to Uog. A 40% increase on what they have bought.

[cpap man] 20/12/2019 13:48

LOL iamnotreallysogreat1 you idiot take a look out the RNS just out from UOG

[marvelman] 20/12/2019 13:47

...looks like you have only been great for 2 weeks according to your profile...a mere child

[iamgreat1] 20/12/2019 13:45

Dnt be fooled and Dnt be taken on by the rampers many of them are bailing as they ramp

[soulsauce] 20/12/2019 13:44

Someone text Brian and ask him for the lottery results 😉

[cpap man] 20/12/2019 13:42

UOG



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



20th December 2019



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



Egypt Update in response to media reports



On 23 July 2019 United Oil & Gas PLC (AIM: "UOG"), the AIM traded oil and gas exploration and development company, announced the proposed acquisition of Rockhopper Egypt Pty Ltd from Rockhopper Exploration Plc. The acquisition will include a 22% non-operating interest in the Abu Sennan concession onshore Egypt. United issue the following statement pursuant to media reports in Egypt and some significant share price movement since market opening today.

Brian Larkin CEO, United Oil and Gas PLC:

"It has been very encouraging to see the positive results so far from the ASH-2 well, with 50m of net oil pay recorded and flow rates of 7,000 bopd achieved on test. However, with testing still in progress, it would be premature to draw any further conclusions on the oil volumes associated with the well, or the sustainable production rates that may be possible from it. It is worth emphasising that these could be significantly lower than the initial test, and we will keep the market updated as more information becomes available from the ongoing well-testing."

[soulsauce] 20/12/2019 13:32

You're welcome Alastair.

Even with 30 to 50% of the initial 7kbpd it would be a very significant addition to the 1120bpd already being achieved for us.

Must be decent pressure and good viscosity.
The material thing could be what this find opens up going forward as it sounds like 50m was very unexpected.

[2000tober] 20/12/2019 13:26

Is it 7000 just from Ash_2

[alistair4444] 20/12/2019 13:25

Thanks soulsauce at last an RNS

[seagullsslimjim] 20/12/2019 13:24

confirmed as ours in the RNS

Classic MMs shake and then up she goes.

[iamgreat1] 20/12/2019 13:24

Could be a duster

[marvelman] 20/12/2019 13:21

...and we were having so much fun...gave the mm's an excuse to make some good money...nothing has actually changed except that mark down

[soulsauce] 20/12/2019 13:19

Wow so it is just from Ash-2.

That is very significant for us.

Brian is right to play it down but really could be a game changer.

[aimbagger] 20/12/2019 13:16

Confirmation news

[seagullsslimjim] 20/12/2019 13:15

Post lunch push coming?

[marvelman] 20/12/2019 13:06

"The Effective Date of the Transaction is 1(st) January 2019"

Quite a bit of production cash has accumulated then...what a deal..a mini RRE to be sure. Certainly have had the luck to go with it.

[soulsauce] 20/12/2019 13:05

I see our partners in Selva are having a very good day too.

[cpap man] 20/12/2019 12:55

Brian Larkin can not stress the importance of this enough!

[cpap man] 20/12/2019 12:53

Yes but any UOG shareholders in size must complete simple FORM OF PROXY which is on the UOG website and e-mail it over to UOG

[maverick247] 20/12/2019 12:42

Nope SPA is signed

[aimbagger] 20/12/2019 12:38

I believe it's a done deal with formal completion early Jan, signed and sealed already