Member Info for Bebeto

Totally Agree Iglu, when Brian say's "we have 35 targets to date" you know there's probably more to come as they get to understand the acreage etc.

All self funded and low risk, I'm just keep adding as long as they keep drilling.

Looking forward to the next drill ASD-1X, low risk exploration well in the structure D area of Abu Roash. They are targeting 4 payzones with this one so I'm more than hopeful that they'll hit something commercial as we already know structure D holds commercial grade from near by previous drills. Should be spudded next few weeks IMO.

Hear Brian saying it again this morning, 35 targets and they're going to continue drilling so I'm holding this one all the way.. No Brainer.

https://twitter.com/UOGPLC/status/1367014377996644353?s=19

Ghrtrader, it's a SPAC company rumoured going to RTO a tech company. The guys behind it have been behind some phenomenal growth shares AAA being one of them. Well worth a go on it just by their track record. UOG & RDGC are my biggest holdings excited about them both.

This is my only O&G play , I'm also into my first SPAC share RDGC.

It's like a rocket ship with parts falling off the higher it goes by the time it's at the very top it's just one astronauts worth.. Lol when I sold at 8p thinking was behind it was it would probably get to 10p and buying a house was more important than a paper profit. No complaints just proves I can pick them. It only takes two or three shares like that/this one to become a millionaire.

Art, I was buying in GGP from 0.62p bought house at 8p held upto 36p. Not me but some of the holders there were making upto £100k per 1p rise. The markets are flooded with the 5-10% brigade but they don't make no where near what you can potentially make with the right share.

Quoted 4.05p to buy £5k worth. I worked out the best way to make serious amounts of money, is to buy in low and keep building your position and not be concerned with daily fluctuations and see the story through. I did just that in GGP and bought my house for cash. I'm now looking to buy a hotel from UOG profits lol.

Hi yeah, that's purely based on what these guys can deliver, their track record speaks for itself and I don't see them changing their winning formula.

Hear it from Brian himself, when the oil prices were in twenties we were making and now they're in the sixties and we now have extra gas as well as another well.

https://twitter.com/UOGPLC/status/1366648050828115969?s=09

We have 3 producing wells currently but potentially by the end of the year we could actually have upto 7 producing wells, depending on successful drills & using the available space in the rig contract for the extra two drills. As Brent is currently $63 bbl it's definitely viable for the extra drills too.

I think we'll emulate the rise of TLW which came out of nothing to a mid-cap company. The more cash we generate the more growth options we'll see.

Hi Guys, I'm bought in here in January and my plan is to hold 5yrs+ just keep adding all the way with my first slice at 40p. The broker notes seem to be adding 2p per well and we've got 35 self funded drill targets. No fear of dilution through placings as revenues are ample now to sustain massive growth.

I'm not even looking at any other AIM listed O&G play. For anyone looking at this company and thinking about buying in take heed:

UOG's debt is $4.8m which will be paid off in 18months. They have 3 producing wells with revenues of around $25m and are totally self funding their share of the current drilling campaign. The question they should be asking themselves is how many producing wells will UOG have when they have zero debt and what would the the shareprice be then.

He sounds like a decent chap and knows his berries.!

Someone else is loading up too by the looks could get a few more TR-1 'S next week.

Demand is strong combined with higher prices it makes more drills more viable. That's why I think they'll be adding to the current self funded drilling campaign.

Tullow had to manage their debt $2bn hole so a massive scale back in exploration was one of things they did.

UOG on the other hand has minimal debt after March's payment it'll be around $4.5m.

It was a month from signing the rig contract to Spud ASH-3 , so I'm guessing towards the end of March for spud. EGPC /Egypt Govt owns/controls just about everything from the drill rigs to all the infrastructure, so they will have everything in place beforehand IMO.

Looking forward to them cracking on with it, it's already stated there's space in the rig contract for an extra two drills this campaign too.

I estimated the seller would have had upto £500k worth but they took him out £330k area. Brokers were involved with identifying target seller. These sells are most likely lth flushing out and profits taking as some of my buys are 40-50% up.

By the way I haven't sold a bean as I'm in for at least a ten bagger plus here from this range too. Jamaica maybe 10p of the target price but with the broker adding 2p per successful well drilled and we have upto 35 drill targets, there's potentially a very long way for the shareprice to go and it's totally low risk.

Big seller has been taken out, this is just flushing out the rest. They won't stop where this heading.