Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Would it be better to give up Egypt for now and concentrate only on Jamaica?
Just scraped it so …. Hopefully a wake up call for him !!
Nice buy volume on Friday
'not a great vote of confidence'
Yes he got 75.4% of the total votes cast but he only got 28.6% of the total votes that could have been cast, so an awful lot of shareholders did not vote and the reason why it succeeded.
Also he only succeded by exactly 1m votes, it wouldn't have taken much to swing the vote so a great vote of confidence imo.
75% he got
Sounds like there’s still many who think this will come good?
I would be very sceptical now on anything that uog says.
For instance they released an rns on 2nd Jan saying how pleased they were about the results for the ASD S-1X exploration well but failed to tell investors that they couldn't afford to pay their share of the cost of the well and had in fact been trying since November to exit Egypt for that reason.
United remains in regular discussions with the Egyptian government to ensure all outstanding payments are received and used to settle the outstanding debt
Well it seems the begging letter to shareholders worked, just.
They needed 75% of votes cast they got 75.4%, think shareholders had no option and probably a lot declined to vote against the the placing but couldn't vote for it either.
So maybe now uog will update the market as to whether they have,will or won't pay the outstanding debt and if they could also let the market know the outcome of the default notice served on them in January that had to be addressed by 28th Feb!, they seem to want to keep it quiet.
Thses are market sensitive and they should be made public according to aim regs.
Old news. Maybe post something about a positive well result in Egypt next.
Planning underway for the acquisition of a piston core survey to sample trace of hydrocarbon that have naturally leaked to the surface
Ongoing dialogue with prospective farm-out partners
2.4 billion barrels of mean unrisked resource potential across 11 potential targets
It’s bursting
Sitting back and praying for a miracle 🤞🏼
I don’t know much about what’s going on with UOG but TRP should start moving up few good news should come
Both shares are crushed to the floor Big time All Time Low
Where have you been all this time🤔 still holding?
Where have you been all this time🤔 still holding?
When you check on my previous posts you’ll doubtless find little if any; which will probably bring multiple negative hits from frequent key tappers. But I use all your threads wisely from afar, and utilise your procrastinations wisely.
I’m very much old school and prefer pens and graph paper to the internet. But having a diverse portfolio I’d just like to raise a parallel that’s manifested to me over the last 3 years: United Oil and Gas as a graph line will have mirrored Tower Resources almost perfectly on rise and fall. Obviously there’s a difference in value to the shares, but their tit for tat rise and fall is almost seamless. Any logical explanation for this my fellow share holders…?
Hargreaves Lansdown AM (1) 105,493,438 16.07
Interactive Investor (1) 72,650,556 11.07
James Brearley & Sons (1) 44,785,559 6.82
Halifax Share Dealing (1) 39,794,718 6.06
IG Markets (1) 38,653,139 5.89
Directors, Employees & Related Parties (Combined) 30,824,849 4.70
A J Bell Securities (1) 28,511,227 4.34
Mr W SC Richards 22,193,296 3.38
Interactive Brokers (1) 22,044,253 3.36
Premier Miton Investors (1) 16,060,558 2.45
Jamaica
Walton-Morant licence: 22,400km2 | United equity: 100%
This is a 22,400km2 offshore exploration licence, located to the south of the island of Jamaica.
With extensive seismic data coverage, including 2,250km2 of 3D data, numerous plays and prospects have already been identified and mapped across the area – leading to over 2.4 billion barrels unrisked mean prospective resources being assigned to the licence. The drill-ready, high-impact Colibri prospect alone contains mean prospective resources of 406 mmbbls.
Egypt
Abu S. operated by Kuwait Energy Egypt)
The Abu Sennan licence is located in the Western Desert, onshore Egypt, c.200km west of Cairo. United acquired its 22% working interest in the licence in April 2020.
During January 2024 the Company received a Default Notice from the concession Operator. United has not remedied the Default and, subject to legal advice, intends to withdraw from the Abu Sennan Concession pursuant to the terms of the JOA.
UK Onshore
UK Onshore (26.25% working interest) PL090
Waddock Cross
PL090 includes the Waddock Cross oil field. The field was discovered in 1982 by British Gas with the WX-1 Well which encountered 22 metres of 29 API oil in the Jurassic Bridport Sandstone at a depth of c. 610 m TVDss. Egdon spud the WX-2 well in 2003, and completed it in January 2004. WX-2 also encountered a 22 metre thick oil column. Following acquisition of 3D seismic survey over the area, the WX-3 well was drilled as a horizontal appraisal well in 2005. The field was put onto production in 2013 through WX-2, but was shut-in in 2014 due to high water cut from this well.
The Operator Egdon Resources coordinated the completion of reservoir modelling work on Waddock Cross. The Operator estimates that Waddock Cross contains a significant Stock Tank Oil Initially in Place (STOIIP) volume of 57 mmbbls, and that a new horizontal well could yield commercial oil production of 500-800 bopd and c. 1 mmbbls recovery per well.
As of 31 October 2023, the Operator Egdon advises that they are progressing plans for restarting production at Waddock Cross.
Waddock Cross licence
Interest:
26.25%
Operational Phase:
Development
Operator:
Egdon Resources
c. 57 mmbbls
of Stock Tank Oil Initially in Place (STOIIP) (Operators latest estimate, April 2023)
Just got rid of another alias , pity it `s not that easy with BL what an absolute disaster for sharehoders he has been.
Small trades gone through today