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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 Shares Traded Last Trade
  -0.05 -1.64% 3.00 2,213,721 14:16:01
Bid Price Offer Price High Price Low Price Open Price
2.90 3.10 3.155 3.00 3.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -1.95 -0.62 19
Last Trade Time Trade Type Trade Size Trade Price Currency
16:22:54 O 8,544 2.91 GBX

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United Oil & Gas (UOG) Discussions and Chat

United Oil & Gas (UOG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-22 16:22:552.918,544248.63O
2021-01-22 16:15:403.04250,0007,590.00O
2021-01-22 15:30:003.0465,7111,994.99O
2021-01-22 15:23:102.903409.86O
2021-01-22 15:05:443.0475,0002,280.00O
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United Oil & Gas (UOG) Top Chat Posts

DateSubject
23/1/2021
08:20
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 3.05p.
United Oil & Gas Plc has a 4 week average price of 2.71p and a 12 week average price of 2.13p.
The 1 year high share price is 4.10p while the 1 year low share price is currently 1.05p.
There are currently 625,153,968 shares in issue and the average daily traded volume is 2,304,352 shares. The market capitalisation of United Oil & Gas Plc is £18,754,619.04.
12/1/2021
14:11
dandadandan: Mystery seller is keeping in the shadows with gradual under the radar sells. A few here and then a few there, every day 500,000+ or 330,000 at a time, Then drop in a few 50,000s or lower. Every day this gradually mounts up, but no TR1s. Someone at UOG has control of the share register so must know what is going on, but no comment. Millions of sells have gone through in October, November and December. Are they holding this share price for a reason? Oil price going up nicely. All drills funded, plus the gas connection. UOG is now self funded according to BL. It it being held back for a reason? DDDD.
08/12/2020
14:41
the chairman elect: Based on a risked valuation of Walton Morant, Cenkos raised its share price target for United Oil & Gas overall to 21.2p from 18.1p and added that unrisked, the value of its assets is 108p. Optiva also raised its price target for United Oil & Gas to 25.1p from 20.5p and noted that the current share price is more than covered by its valuation of the company’s 22% interest in the Abu Sennan producing asset in Egypt, which is currently performing strongly.
26/11/2020
15:20
the chairman elect: Tw*tt*r Tweet United Oil and Gas @UOGPLC #UOG Our finance team are very happy with the way #oil prices have been moving not just recently but in Q3 too. Today's #Brent spot price of $48/barrel is around 70% higher than average H1 prices & making a significant impact upon revenues. Positive for our drilling plans too.... #UOG Bank Of America Sees $60 Oil Next Summer | hxxp://OilPrice.com
25/11/2020
09:05
the chairman elect: LOL soulsauce I was just pulling your leg! In the big picture it doesn't matter a jot what any of us post on here to the UOG share price especially in the medium to long term It is obviously mostly down to UOG plus of course the price of Oil
12/11/2020
12:10
the chairman elect: Watch ya soulsauce LSE:UOG and LSE:KAV are 2 very different natural resources beasts! With regards to LSE:UOG it has seriously under performed in recent times for various reasons but if the oil price does recover next year plus the company generally keep the BS away and just do what it says on the can [and for a change under promise and then over deliver] then the share price should go to 7.5p+ Perhaps if a decent farm in happens with Jamaica then LSE:UOG could go higher at least 10p+
02/9/2020
06:21
someuwin: Cenkos update: 2 September 2020 United Oil & Gas Plc A Globally Diversified, Full-Cycle Producer United Oil & Gas has announced the successful placing of Rockhopper Exploration’s 18.3% shareholding in United with a small number of institutional investors and one private investor at 2.66p per share. At a time of relative uncertainty in the sector, the placing significantly strengthens United’s shareholder base and provides a clear vote of confidence in the business model, management team and assets. We update our valuation to use the latest Brent and Italian PSV forward curves, increasing our valuation to 17.1p (from 17p), a 407% premium to the current share price. * Globally Diversified Producer – We believe United is the only globally diversified, full-cycle producer on AIM. United’s strategy is to maximise value from its low-risk, cash generative business in Europe and Egypt whilst also looking for low-cost, highreward exploration opportunities. * A Vote of Confidence – United has successfully placed Rockhopper Exploration’s 18.3% shareholding in United with a small number of institutional investors and one private investor. At a time of relative uncertainty within the oil and gas sector, we view this support as a clear vote of confidence for United’s assets, its strategy and the management team. At 2.66p per share, the disposal price represents a 6.7% discount to United’s closing price on the 26 August 2020, and a 13% discount to Rockhopper consideration share issue price of 3p per share in February 2020. * Industry Leading Costs – With operating costs of just US$6.5/boe and G&A costs of cUS$3/boe, we believe United is one of the leanest companies in the sector, making them much more resilient to commodity price volatility. At US$6.5/boe, the low operating costs at Abu Sennan provide solid operating margins, even at * Share Price Performance – A common complaint with small cap stocks is a lack of liquidity, however in United’s case this is not the case. With an average daily liquidity of 1.7% of its free float over the past three months, United’s liquidity is only second to Hurricane in the AIM E&P space. With a high amount of activity across its portfolio and regular engagement with both institutional and retail investors, United has definitely caught the attention of the market. * Valuation update – We update our valuation, incorporating the latest Brent and Italian PSV gas price forward curves to 17.1p/share (from 17p/share), a 407% premium to the current share price.
21/8/2020
11:27
fbrj: soulsauce - I did say "Of course it is easy to pick holes in the company comparatives but I think the overall point still stands." - which is exactly what you then did! Perhaps I should have made a better comparison - how about FTSE350 O&G sector, compared to UOG? You will find that the point I made re BP still stands and that is that the UOG share price has outperformed the FTSE350 O&G sector - taking 21 July 2019 at 4p (OUG)and the O&G sector at 9142 to current (2.9p) and 4226. The whole sector has been hammered! You can play around with comparison charts here: hTTps://uk.investing.com/indices/oil---gas-advanced-chart. You mentioned TXP (a company I know little about!) and found that its share price suddenly took off in December 2019. You will know why and the answer was that they announced a "Significant Oil Discovery at Cascadura" (Trinidad and Tobago) and hasn't looked back since (TXP - 13p to currently 70p). I haven't investigated what has happened since but I assume ongoing good news from there. I would argue that this was their "trigger" and is exactly what I'm hoping for with UOG re our Jamaica farm down. Prior to that TXP announcement, its market cap was approx £20m (cf UOG currently approx £18m) and is now £130m. It also has some core investors including Edale Capital who were "in" before that December announcement - just what UOG needs too! tintin - re "transformational" - I would argue that the Egypt deal was so, in that in an "instant" it has provided UOG with relatively material actual O&G revenues - whereas before there were precisely none! I would also say that, although admittedly not transformational, the share price has outperformed its sector. I think the release of the interims will be important too because it will provide a better financial insight into what precisely the Egypt investment provides in terms of cash. As far as 3p is concerned - it appears to be the equilibrium until some hard news appears. There is nothing to propel the share price much further. So far, there seems to be some buying support as it drops down to the 2.60-2.70p area. We can argue/debate this and that but at the end of the day we are all on the same side - patiently waiting Brian, for you to walk the walk!
21/8/2020
07:50
fbrj: Just to add my tuppence worth....I think one's views on the share price performance is probably coloured a little by when we bought in and what our average price is standing at. Most longer holders, like me, will be nursing paper losses - in my case around 25% (having averaged down too). Others who bought in March - May are probably wondering what all the fuss is all about, having seen gains of 50-100%+ since then.You might be surprised to know that the UOG share price has performed better than BP over the last few months. In the YTD (on a comparable basis), the BP price has gone roughly from 5p to 3p - whereas UOG is unchanged (at 3p). Even taking the earlier 4p price we are still ahead. Of course it is easy to pick holes in the company comparatives but I think the overall point still stands. You also have to take into account the PoO. The current price is 25% down since around our suspension time. It had been trading around $60 for quite a while - now $45.I don't believe RHK has been selling.I cannot believe they would flagrantly breach the rules re TR1 disclosures.The shareholders are all PIs. There are no financial institutions who are anchor investors (a question for the corporate brokers - why not if the story is so good?). The answer I suspect is sector and we are just too small for most.So, why are PIs selling - well there are a myriad of reasons we would all recognise - low holding time threshold, boredom, realising gains (!), realising losses in case of economic concerns, personal financial needs, perceived more attractive investments elsewhere...etc etc. Also there is the well made point by Spangle that the BoD aren't actually in charge of very much - we have minority interests in two of our major investments - Egypt and Italy. We all know BL can talk the talk. At least he can't be criticised for not promoting UOG! However I think Jamaica has become rather critical in terms of BL actually delivering something that *is* in the Board's control. A farm down involving a "major" would be quite a coup and I think would provide the kick start for the share price Anyway, I hold quite a substantial number of shares and I'm prepared to give BL his chance to deliver!
18/8/2020
10:33
9tintin: I'm not negative on UOG - just puzzled as to why after all the good news as outlined further up the thread, that the share price languishes at it's current level. I know the stock market can be irrational, but prior to the 'transformational' deal UOG was suspended at 4p - surely if all was a bed of roses as the uber bulls would have us believe then the share price would be way past the pre deal level, especially as the boepd are that much better than originally projected. There was a similar story at Amerisur where a disaffected (large)shareholder 'attacked' the company to depress the share price and facilitate a cut price T/O. This doesn't feel exactly like that, but there are similarities, the lack of TR1's is a bit disconcerting as it means the seller isn't done yet, though I'm not convinced about the accuracy on AIM of using that as a guide. Nevertheless it does look like there is a concerted effort to hold the share price at 3p it's gone on too long to be "day to day" traders. tintin
03/8/2020
11:50
fbrj: I think the most important point re Jamaica is that UOG are now more (I say "more" because presumably the Jamaican Gov have input too) in control of events, rather than Tullow. Obviously, on their own the project is probably near impossible in terms of costs/resources etc. The real near term impact news re Jamaica, to my mind, will be news re the farm down. The identity of the partner(s) will be critical. A "big" name would add impetus and credibility as to the potential and overall success of the project. This will be a real test for the UOG management. In an excellent post by Spangle (way) up thread it was pointed out that UOG aren't actually in control of anything material. UOG are minority partners in the key assets (Egypt and Italy); they are not the decision makers in those projects. This will be their chance to deliver. From the RNS we can see that the farm down is very much on the agenda...."A farm-out process is ongoing, and with United now as operator, we look forward to taking full ownership of the process and driving it forward" and "...and the feedback from a very active farm-down process. Our goal will be to further de-risk the asset, bring in partners and move ahead to plan a well on the Colibri prospect." I would like to believe that an announcement must be not that far away - because I don't think the Jamaican Gov would be content to see UOG with 100% (after all UOG is a tiny little unknown new company with a market cap of just US$23m) - unless partner(s) were pretty well lined up. The credibility of the government is on the line too. UOG has done well to have gained the extension (and now 100% operator) - the Jamaican Gov could have just let it lapse. They must have presented a convincing case. A snippet here: hTTp://www.jamaicaobserver.com/business-report/united-oil-gas-committed-to-oil-exploration-in-jamaican-waters_197133?profile=1056 As far as the share price performance is concerned - you have to remember that unless you bought shares after Feb 2020 (ie in the last 5 months) you will be under water - like me (av price 4p)! I think the sluggish performance is partly those recent shareholders exiting for anything up to 100% gains (low point was about 1.5p) and longer-term holders deciding to get out as a loss and move onto something else (and maybe out of the sector altogether?)- selling as soon as there is some news to sell into, like today. Anyway, I'm sitting tight!
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