Share Name Share Symbol Market Type Share ISIN Share Description
United Oil&Gas LSE:UOG London Ordinary Share GB00BYX0MB92 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  +0.20p +3.85% 5.40p 1,306,574 15:19:28
Bid Price Offer Price High Price Low Price Open Price
5.20p 5.60p 5.45p 5.025p 5.20p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -0.59 -0.59 15.7

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DateSubject
20/7/2018
09:20
United Oil&Gas Daily Update: United Oil&Gas 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 5.20p.
United Oil&Gas has a 4 week average price of 4.45p and a 12 week average price of 4.15p.
The 1 year high share price is 6.38p while the 1 year low share price is currently 2.50p.
There are currently 291,068,531 shares in issue and the average daily traded volume is 2,482,923 shares. The market capitalisation of United Oil&Gas is £15,717,700.67.
10/7/2018
22:22
spangle93: Also this month: "The Selva production concession application will now be considered for preliminary award at the next Italian Ministry Hydrocarbon Commission meeting expected in July." PVE continued "...that is just the first step. The production concession application area includes not only the Selva stratigraphic reservoir successfully drilled by Podere Miar, but also the highly prospective Selva East, Selva South Flank and Riccardina extensions - each of which has potential to significantly increase the size of the overall Selva development. In the AGM presentation, the CPR valued PVE assets at Selva at AUD 23.2MM. That makes UOG share around AUD 7.35MM or £4.2MM. OK, only 1.5p/share, but there are the additional prospects there which have been derisked to a degree by the discovery,
01/6/2018
08:23
dorset64: After the run from circa 2.5p - over 6p its always good for a share price to take a breath, whether us shareholders like it or not. As we can see from the chart this has now been consolidating for about 3 months and hopefully now, will bring in new investors on our next run up as after all, the company is exactly the same company it was when 6p but now with further news than we had then. This remains my second largest holding and one I'll hold, if the story remains, for years to come.
27/4/2018
12:50
cpap man: Hello Everyone, Please find a research note on United Oil & Gas which has been prepared by independent oil and gas analyst, Barney Gray. Key points that Barney makes in the attached are: Based on the current portfolio and excluding any value for our Jamaica license, Barney has calculated a share price target of 15p undiluted, and 13.5p fully diluted for the company. In Italy, Barney has increased the ascribed chance of success (CoS) for the East Selva prospect from 15% to 30% to reflect the positive implications of the well test data from the Selva gas field. This has resulted in an increased indicative valuation of 0.7p, up from 0.3p prior to the Selva field well data. His valuation of the Selva field itself has also edged up by 0.1p given that the higher than expected pressures encountered during testing means that compression facilities are unlikely to be required in the early years of production and consequently ongoing opex is expected to be lower for the first 5-6 years of production. Given the early stage nature of the Jamaican asset, Barney believes that ascribing a valuation to United’s interest would be more appropriate after the initial data from the current 3D seismic programme is known. However, he believes that a notional 200 mmbbls development could generate a gross unrisked net present value (NPV) in excess of US$600m (US$120m net to United’s interest). It is important to note that indicative NPVs should not be examined on a standalone basis given that exploration success will de-risk future drilling significantly and has the potential to open up a new multi-billion barrel offshore play in Jamaica. Kind regards, Brian Larkin Chief Executive Officer United Oil & Gas Plc
26/4/2018
11:50
cpap man: UPDATED BROKER NOTE OUT ON UOG Company update Barney Gray On 20 April 2018, United conditionally raised £2.5m with which to advance the current phase of its high impact exploration and appraisal programme. Of these new funds, we anticipate that the company will utilise c.£1.1m to fund its share of 3D seismic work on the Walton-Morant licence in Jamaica and a further £1.0m has been earmarked to fund United’s share of drilling costs related to the upcoming Corallian-operated Colter exploration well in the UK. On 20 April 2018, United conditionally placed approximately 58.8 million new shares at 4.25p per share in order to raise gross proceeds of £2.5m. The issue of these new shares, which will represent 25.33% of the existing share capital, is subject to shareholder approval at a General Meeting being held on 10 May 2018. New Chairman, Graham Martin, who was previously an Executive Director of Tullow for almost 20 years and was appointed to the United board in February, participated in the placing, subscribing for over 1.4 million shares. United completed the farm-in agreement and the transfer of a 20% interest in the Walton- Morant licence offshore Jamaica with Tullow Jamaica Limited on 1 March 2018 and followed this up with news that seismic acquisition on Walton-Morant had commenced in early April. The ‘Polarcus Adira’, vessel, which has been contracted to acquire 2,250 km2 of 3D seismic data, arrived in Jamaica’s capital, Kingston on 23 March 2018 and the data acquisition programme commenced on 2 April 2018. This programme is expected to take approximately eight weeks and will be focused on the high-graded Colibri prospect. In our note dated 27 November 2017, we estimated that Colibri could contain mean recoverable resources in excess of 200 mmbbls of oil. However, this is an early stage estimate and we anticipate that the results of the 3D survey will add considerable clarity to our nascent resource estimates. In the UK, United announced that it had extended its option to acquire an additional 10% interest in three southern UK oil and gas assets from Corallian Energy Limited on 3 April 2018. The original deal, which was agreed in January 2018, entitled United to a 10% interest in licences P1918, PEDL330 and PEDL345 in return for paying 13.33% of the costs associated with an exploration on the exciting Colter prospect. The option expired at the end of March 2018 but was renewed until the end of April. We note that the terms of the farm-in agreement with Corallian remain unchanged and United retains an option to purchase an additional 10% interest by way of paying 13.33% of the costs of a well on Colter. Corallian plans to drill an appraisal well on Colter in Q2/Q3 2018, updip of the original discovery well, drilled by BP in 1986, in order to assess the full potential of Colter. United has ascribed a conservative mean base case of approximately 19 mmbbls for Colter which we understand is below the operator’s estimate and a well, planned to be drilled from an offshore jack-up rig is expected to cost approximately US$9.4m (c.US$2.5m net to United). It is very important to note that United is now fully funded for its exciting exploration and appraisal activities in the current year. We estimate that a successful result at Colter alone could be worth in excess of US$40m to United on an unrisked basis, equivalent to over 8.8p per share (fully diluted). It is also important to note that we have not yet ascribed any potential upside for United’s interest in Jamaica at this stage. However, the establishment of early prospective resource estimates for Walton-Morant in the event that the 3D survey yields positive results could enable us to instigate an indicative risked valuation for the asset representing several multiples of the current share price.
22/2/2018
15:40
cpap man: LOL cf456 seem to recall that we were in the pub at the time! [on a more serious note he has said this in the context of that is where he would like to get the UOG share price to in the medium to long term as that would demonstrate real success - he most certainly was not trying to ramp up the UOG share price]
20/12/2017
13:25
cpap man: United Oil & Gas Plc - Update Hello Everyone, Please find attached two announcements that we made this morning: Oversubscribed placing This morning, we announced a top-up placing of £1.25 million at a price of 4p. This was completed at virtually no discount to our current share price and is a great result. Since we listed the company on the 31st July, we have doubled the share price, drilled a successful well in Italy and added the high impact Jamaica licence to our portfolio. It is important to finance when we can and not we have to, so it made sense to do a small top-up placing now on the back of this year’s success. This placing of £1.25mil will strengthen the cash position on our balance sheet before year-end and ensure that the company is well financed moving into 2018. The funds raised will be used to advance further farm-in and acquisition opportunities along with contributing to our currently projected work programs. It was also very pleasing to see the strong demand for our stock, which is a reflection of the company’s performance over the last two years. In addition, we were very well received in the city of London, and the placing was completed in less than a day. Italian Well Update This morning we also provided an update on our Italian well, Podere Maiar 1. We are very pleased to be able to announce that the well encountered 41 metres of net pay, with excellent reservoir quality, and encouraging reservoir pressures. This is a fantastic result and we now look forward to the rigless well-testing scheduled for January which will determine production flow rates. The rig has now completed and is currently demobilising to go off site. An update on the well testing results will be made when they become available. Whilst we’ve had a great year, we are not resting on our laurels and we will continue to look for further opportunities to create value for our shareholders by adding to our existing portfolio. I’d also like to take this opportunity to wish you all a very Happy Christmas and New Year and thank you all for your support during 2017. No doubt 2018 will be an equally exciting year for our company. Regards Brian Larkin Chief Executive Officer United Oil & Gas Plc Phone: +353 1 905 3557 www.uogplc.com
04/8/2017
13:25
cpap man: Thanks Ed....there are perhaps a few more that we share in common such as KOD If you ever look at small cap oil & gas companies maybe take a close look at recently [Monday] fully listed [standard] United Oil & Gas [UOG] UOG are headed up by 2 ex Tullow Oil [TLW] boys Brian Larkin and Dr. Jonathan Leather MKT CAP is £6M with over half of that being in cash....UOG have 2 drills planned in the next 4 to 6 months with the 1st drill in October Obviously with their TLW connections the boys have some massive plans to take the UOG share price from pennies to £ pounds £
31/7/2017
13:21
cpap man: It has taken until lunch time but the UOG share prices & trades are now accurate....LSE:UOG
31/7/2017
08:35
cpap man: Thanks for that encarter but where are you getting the UOG share price from? On ADVFN it comes up with an Aussie listed company.... And when you put LSE:UOG in it comes up as unknown? Perhaps we need to get ADVFN to correct this....best way is by letting them know at the HELP thread here on ADVFN
30/7/2017
15:15
cpap man: SEN were suspended at 2.5p [RTO of SEN by UOG] and then the UOG placing raising £3M was done at 2.5p so assuming the MM's open around these levels then that is pretty decent initial upside potential for the UOG share price. "the upside valuation for the company could be as high as US$38.0m (£30.3m) on an unrisked basis, equivalent to 13.3p per share on a fully diluted basis."
United Oil&Gas share price data is direct from the London Stock Exchange
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