Member Info for Bebeto

The journey is only just beginning here.

Agree totally, Brian say's in his interviews 35 targets to date, so we know there's plenty more to come.

Tullow has around 80 wells for a mid-cap and I fully expect Egypt to get us somewhere halfway with zero debt. That's where my 40p prediction mainly comes from.

If all goes to plan the production could be trebled by end of year but we want to see all 35 drills and more.

Wow spudded already , there's surely enough scope now for the extra drills.

Agree yes, what I'm trying to say after the RTO it's not the end of the story it's just the beginning for the new company. Which should be in good shape going forward with plenty of scope for growth.

Thanks yes, also after the RTO you can get a good feel for the company and how well you think it will grow. The guys in AAA thought they had made it with a ten bagger and sold out and now look how much more growth came , we're talking life changing money missed out on.

The company value will continue to rise well after the RTO and suspension has gone. IMO

Off piste I know but I just wonder if there's going to be a small move into green energy in the future, especially in Egypt.

Looking forward to next week and the next 5yrs here. Debt free in 18mnths then the exponential growth will gain the most momentum.

Will increase my position here tomorrow. I really like the way you can buy into an established company at start up prices.

Haha Jono44, nice one I'm already having seconds and it tastes just as nice.

I'm going to ride this one all the way, rare opportunity for a low risk massive upside O&G play.

A very rich private investor said earlier this week: you can buy shares make a profit and take a nice slice of cake or you can see the story through and take the whole cake, it's upto you.

For this one I'm taking the cake.

Easily worth 7p right now. IMO happy to accumulate a bigger position here as the exponential growth hasn't started yet.

*CORRECTION* When I said Q1 I actually meant H1 , for clarity the first half of 2021 , I think it would take 3 to 6months to organise a drill in Jamaica.

Fair point but I think they have until January 2022 to drill or drop in Jamaica. I think we might find out if theres any serious interest Q1

I think 6000+ bbl per month are hedged at $60 with BP to repay loaned debt, which worked out well for UOG in 2020.

This is very much under the radar but UOG is going to have massive Organic Growth. 3 producing wells right now with 35 drill targets which will be paid for from revenues. $4.8m debt left with 18 monthly installments left to go. $2.8m cash from divestment coming in April. Brent currently $68 and we're producing 3200 boepd.

UOG'S cash pile will be building up with 4th well coming online and I'm expecting their expansion momentum to increase inline.

Jamaica, is one to watch as I'm expecting to hear something in Q1.

Long term hold for me with massive returns from this range.

Agree, even though I'm just as guilty as I myself also mentioned another share.

UOG is at least a 5yr plan for me and I'll continue buying all the way as every increase will compound all my gains. Someone mentioned today their price target of 10p (easily achievable imo). I see United's operations in Egypt especially like they are essentially a type of investment company. Great investment companies can make thousands percent profits and I think UOG is on a real winner, therefore my price target is ambitious but achievable at 40p.

Brent $67 bbl and UOG releasing quarterly production levels in a few weeks. Looking forward to seeing how much we're making at current levels.

Next couple of wells will get the cash pile building up fast and they'll definitely be looking to expand with momentum.