Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Looks likes there's great potential here to get a few bags.
Hopefully they tighten the spread to attract trades though, as the spread early of 25% looked very off putting.
Really Jono
Must do better
Looks like someone taking advantage of inflated price to offload before this drops to 0.1p, can't blame them.
Chill this good as back to 3p just got me some 🙃
Yes
Better to wait for 1p then you buy ...
United Oil & Gas Plc (AIM: "UOG"), the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets announces that it has received a default notice ("Default Notice") from Kuwait Energy Egypt Limited ("Kuwait Energy" or "Operator") for a total of USD $3,822,143 for outstanding cash calls in relation to the Abu Sennan concession.
Pursuant to the joint operating agreement ("JOA") relating to the Abu Sennan concession, the Company has 30 days ("Default Period") to remedy the default from the start of the default period which is 28 January 2024
Also bp debt.
The Company is in discussions with its debt provider (current balance owing USD $1.089 million) and will update the market in due course.
Fact not fantasy.
Better to wait and see what the outcome of the default notice and the outstanding debt owed to BP is before making any investment.
Don't be conned by the rampers who post fantasy predictions like 6850%, investing.c.. has this a as Strong Sell, say no more.
Well done ameen
that post is very good, SP dropped because of sellers and
now sellers gone this should Start to rise to 1p
This is the clear winner .imp
United Oil & Gas is a full-cycle oil and gas company with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK and a high impact exploration licence in Jamaica.
The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions
I have posted this before and will post again (notes from the recent investors call).
* The Company has a receivables balance of USD $0.80m outstanding from EGPC and cash in the bank of approximately USD $1.3 million.
* BP debt $1.089m to be cleared
* They're raising another final invoice of around $0.70m still outstanding/due from EGPC
* They're no longer liable for costs due to the default notice
* Based on the above and as stated by BL, we should have around 12 month cash runway plus the possibility of refinancing other plays using BP loans/facility as we will be paying off the existing loan
I just don’t understand WHY people who have seen value @3p don’t see the risk v reward now with such a low MCAP. Maybe they should close the door behind them and leave us to it (we all know the risk in investing so I hope to think and the rewards obviously).
Target 6850% for UOG!
https://www.investing.com/equities/senterra-energy-plc
Jamaica License extension renewed for $23billion NPV to UOG
oil and gas
worth a look at United oil and gas presentation 🛢️🦄
https://youtu.be/_91AQVXoUXI?si=85reL-JqN6RRu1rQ
insane upside potential, all because of the
Good advice Jono
Well said Oily
Although to be fair with that sort of upside the share price will take up residence in the attic
GLA
Watch the presentation and let me know why UOG is not going to make big money?
Some big buys in the last couple of weeks,
someone loading up, TR1 should come, wonder who is loading up
You really don't understand the business do you? Why would any Company pay millions in back costs if they could pick up the Company for a fraction of the cost? Simply doesn't make any sense
Stick to company vision
not ex holders who bought at 3p and now wants this to fail...... UOG won't fail,
as Jamaica is too big for them
https://twitter.com/UOGPLC/status/1755586872108109920?t=O7kfngrVxuVDd8aPFOwouA&s=19
United Oil & Gas Plc (AIM: "UOG"), the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets announces that it has received a default notice ("Default Notice") from Kuwait Energy Egypt Limited ("Kuwait Energy" or "Operator") for a total of USD $3,822,143 for outstanding cash calls in relation to the Abu Sennan concession.
Pursuant to the joint operating agreement ("JOA") relating to the Abu Sennan concession, the Company has 30 days ("Default Period") to remedy the default from the start of the default period which is 28 January 2024
Also bp debt.
The Company is in discussions with its debt provider (current balance owing USD $1.089 million) and will update the market in due course.
Fact not fantasy.
Better to wait and see what the outcome of the default notice and the outstanding debt owed to BP is before making any investment.
Don't be conned by the rampers who post fantasy predictions like 6850%, investing.c.. has this a as Strong Sell, say no more.
There is going to be a significant uplift to the Jamaican economy in the form of Tax receipts remember the Government has a percentage stake in the project as outlined within the presentation,
The project supplements the Leisure & Hospitality sector which is located in the North of the Island and the Oil Reserves are off the South Coast,
The real dividend to the male workforce is the employment created on the Rigs remember the added value North Sea Oil & Gas brought to Aberdeen & the Scottish Economy,
The high value employment that shall be created shall fund the future college education of the children of those working on the Oil Rigs and for the affiliated Support Sector Businesses, remember the wells have a requirement for ancillary products and support services,
As the Jamaican Economy grows as as result of the Oil & Gas project there is a multiplier effect to the economy,
An absolute Win Win for the Country, Its Economy & For All Genuine Stakeholders,
Regards,
Hi Mannan
sorry was busy saw your message
worth a look at this company presentation
BTW this oil and gas is offshore, so won't spoil Jamaica landscape.
https://twitter.com/UOGPLC/status/1755586872108109920?t=s-cze9qSUuo6OJMRZCRYsg&s=19
6850% broker target
This share is capable to do so
Earl lots of Jamaicans around you should talk to one about how J'cans really feel about this.
I wouldn't hold my breath for this actually happening
Yes the average one does want the money but for the last 400 yrs money made of any significant venture always end up in Miami or London with the wealth gap growing even wider
This venture will potentially will wreck their homes
Stuck on their island with few allowing visas to them their fairly clean land space is all they really have
Lets just say they're keeping a very close eye on Guyana
I’m in 😃 better to be in at the lows
GLA
Mikee p
saw on 6850% broker target on Investing.com for UOG
could be true then.
or they added extra zero.
685% seems more realistic