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 Shares Traded Last Trade
  0.075 3.16% 2.45 3,372,042 09:43:14
Bid Price Offer Price High Price Low Price Open Price
2.40 2.50 2.45 2.375 2.375
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 9.05 0.80 0.15 16.3 16
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:47 O 200,000 2.469 GBX

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United Oil & Gas Daily Update: United Oil & Gas Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker UOG. The last closing price for United Oil & Gas was 2.38p.
United Oil & Gas Plc has a 4 week average price of 2.38p and a 12 week average price of 2.38p.
The 1 year high share price is 6.25p while the 1 year low share price is currently 2.13p.
There are currently 644,803,969 shares in issue and the average daily traded volume is 1,624,510 shares. The market capitalisation of United Oil & Gas Plc is £15,797,697.24.
soulsauce: Buzzzz Greg may have an agenda or he may not. We know nothing about anyone on these boards and I daresay everyone has their own ideas/agendas of how they want this to play out. The fact is there are bigger forces here controlling the share price and the share price is where it is even though we all agree it should be higher. The BoD recently destroyed the share price and sentiment and yesterday after a CC the share price went down another 7% because it was underwhelming. You can continue like snickerdog to blame posters on here for not waving the Uog flag but the damage done to sentiment on a bulletin board is miniscule to none compared to what is going on here including company own goals. But I feel your frustration. I have been feeling it for years as my posts show.
soulsauce: snickerdog get a grip man, blaming gregpeck for damage done to the share price. Do you honestly think a post like that has any merit? You obviously do as it is the same thing you have accused me of in the past. Greg until relatively recently was bullish and for various reasons, notwithstanding the constant sell off in to any piece of news, has become bearish. His remarks are still valid as this is not just to air anything you think is positive. At least two bullish posters on lse have today been winding their positions down for the same reason and the CC has done nothing to change that for them. The recent damage to the share price was done by the man at the top and not by anyone who posts on a bulletin board.
soulsauce: Basically as above Myn0k. If the company are going to continue on the same strategy of growth through production which doesn't follow through to the share price as we have seen, then the company are going to have to find different ways and work harder to get the share price up. They agreed and the hope was they would crank up the PR, especially now travel restrictions are lifting.
mikro1: Still holding patiently. The one good thing about a stagnant share price is that the posters on advfn all tend to be sensible and interesting. If the share price does go up quickly the board tends to deteriorate rapidly.. still a good RNS would be welcome!
gregpeck7: Elefant in the room, and this applies to all oil companies is the actual oil price. Most share prices in no way incorporate a potential 80usd plus oil price. In the case of UOG, if you push around 1,500 boepd at this rate you will see some pretty spectacular numbers which will even be enough to pay Brian's salary! Looking at what is going on within OPEC at the moment and the clear reluctance of us drillers to ramp up. A situation I don't see changing, oil supplies will get very very tight. This business is about profits now and for a long time it's been about output. That's a massive shift.
fbrj: As UOG's warrants are rather topical at the moment(!), as a data point, I've had a look to see what is now outstanding. There are approx 52.46m warrants still outstanding, following todays exercise. BL and JL have disposed of their entire warrant holdings and they relate to the capital reorganisation when UOG was being established and I suppose could be regarded as part of the original founders' consideration. 11.55m of those warrants are still outstanding, exercisable at 1.42857p and expire 31 July 2022. The remaining 40.91m warrants were issued as part of the October 2018 fund raising. I had forgotten but their exercise price is a surprising 8p and expire either in Sep 2022 (per 2019 accounts) or Oct 2023 (per AIM admission document Dec 2019) - I suspect the latter is correct being 5yrs since 2018. Those 2018 8p warrants would raise £3.3m. The current share price would have to approximately double for that, realistically, to happen. Smaller movements in warrants that have been issued/exercised relate entirely to brokers' fee arrangements re placings etc. They have all now been exercised (last batch today). While looking at the warrant position, I noticed that share options seemingly have been issued like confetti to the board during 2020. The number of share options increased from 11.1m to 46.8m exercisable at between 3-4p. I will look into those in more detail!
myn0k: Been following a prospecting stock closely since last year, much higher share price, no assets found as yet, second shareholder dilution. The share price goes up. Here we have a profitable company with guaranteed growth. share price is all over the place. Market is insane.
9tintin: Guys Thanks for the kind comments, glad to be back on board. The thing that has really baffled me and Soul has raised this time and time again, is all the news flow and back ground info since the deal completed has all been positive - and all the commentary and broker notes have supported the feeling of progress. Yet there has been and still is a concerted plan to stymie the share price - now any rational and clever person with a chunk to move on would either let the share price move north in line with events and make a significant profit or do a deal with a broker to transfer their stake to an institution in one go and accept the lesser return but get clear and move on. But no, the seller seems intent on holding UOG back in a way that almost looks vindictive, it certainly won't be for monetary reasons - as stated above. A couple of years ago there was a similar case at AMER where a disgruntled very large shareholder who tried to get on the board of directors but failed, proceeded to sell down his holding over a long period to the point where, even with good drilling news and profits the share price retraced to such a level it was gobbled up by a predator for a song and shareholders were sold out by the management. This feels similar and I'm wondering if BL has upset someone on the way up to getting CEO of UOG - wouldn't be the first time that's happened in this business. I would not be surprised if T/O were in the wind - the fundamentals are simply too good for a company who will be producing nearly 5000 boe in the near future to be languishing at a Mkt Cap £32M. As yet the 'deal' has not seen the transformation that was trumpeted at every opportunity by Brian - just hope he gets to realise his dream, but we should all remember what happened to Tullow !! tintin
9tintin: I originally bought into UOG back in April '18 and topped up to a not (for me) insignificant holding, some of my stash were bought at 5.22p - we are below that now! After the transformational deal and subsequent placing at 3p - I became frustrated by the lack of response in terms of the share price - all the good news was being sold into in a way that screamed " manipulation" the seller was relentless. My patience was exhausted and after the Abu Sennan drilling resumption and good results I sold up with a profit, to invest in pharma. After much soul(ha ha) searching I have bought back in slightly above what I sold at, in the belief that the story is better than ever - the drilling results and reserves up grade suggesting UOG are grossly undervalued. I find 5p something of a puzzle though and does seem to indicate a lack of confidence by the market that the 'deal' is as good as it looks (to me). Soul has called this right all along and proved his conviction by staying with it far longer than a good many - including me!! I'm just hoping that the story will come good now that the drilling campaign has sprung to life - but as intimated above the share price still languishes below where it was nearly three years ago. As I said I'm back in, in the knowledge that production and value will out in the end - just hope I can stay the course this time. tintin
someuwin: SP Angel... United Oil & Gas (UOG LN): Significant uplift in reserves Share Price: 5.2p, Market Cap: £32m • UOG has announced a reserve update on the Abu Sennan concession, onshore Egypt, where the Company holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. • The report, which is relevant to end 2020, by Gaffney Cline & Associates indicates material increase in reserves at Abu Sennan. • This includes a 24% increase in Abu Sennan Gross 2P Reserves to 16.8MMboe (15% gas) from 13.5MMboe at the beginning of 2020, representing a near 200% reserves replacement ratio, before the recent drilling success at the ASH-3 and ASD-1X wells. • Gross 1P reserves are up by 59% to 6.7MMboe and gross 3P reserves up by 21% to 34.7MMboe (from 4.2 MMboe and 28.6MMboe respectively at the beginning of 2020). • Significant additional growth opportunities were also evaluated in the report, noting 21 exploration prospects, many with multiple reservoir targets. Our take: Following a string of successful wells, it’ll come as little surprise that UOG reports an uplift in reserves. Nevertheless, the numbers reported today will have exceeded many expectations in our view. UOG continues to maintain strong operational momentum following recent success at ASH-3 and ASD-1X, serving unlock significant new resource plays for the Company and its partner. Shareholders will also be encouraged that the recent recovery in oil prices has significantly enhanced operational cashflows and improved the economics of additional development wells and there will be further drilling activity with the AJ-8 development well in the near term."
United Oil & Gas share price data is direct from the London Stock Exchange
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