Member Info for Bebeto

New all time high for revenues today.!

https://youtu.be/X7QqV1dZb8Y

Should also see a few disconnected LTH depart too as they won't be underwater & moaning lol

This share is only going one way now and it's upwards.

Massive shareprice correction under way but with longer term view cenkos today says 28p but with each successful drill the target price goes up and I'm expecting to hold for 40p range as we have 35 self funded drill targets.

Was worth over 7p before flow rates announced yesterday now we're producing 40% more .

Actually it's historic 80% chance of success meaning 8 from 10 are successful drills.

The Newlands have increased holding from 3.54% to 4.06%.

ASH-3 well adding additional net 910 boepd to the 2,310 boepd net production.

Buy & Hold for Massive Returns from all 35 self funded drill targets .

It's now $66 bbl today and Goldman Sachs are predicting $70 then $75 this year. Which would be a big boost to our finances going forward.

https://www.bloomberg.com/news/articles/2021-02-22/goldman-sees-oil-supply-response-lagging-behind-demand-rebound

UOG will be hitting all time high profits now and ASH-3 well coming online this week.

Surprised by the selling on good news but thanks I just added more.

Hold 4 Gold.

Can't see that it will effect at all tbh, this has been under the radar of the pumpers that attract all that.

Looking forward to seeing the ASH-3 well results, this company is a low risk multibagger from this range.

Drill & Testing was meant to take upto 60days but the successful drill was completed a week early than predicted, so next week is looking likely for flow results.

Agree, this is now a low risk ten bagger potential for me. Their only debt is less than $4.8m payable over 30 months and they must be over 12 installments in and their revenues are many multiples in comparison. Fully self funded, I'm just going to keep adding for the next few years at least.

gkb47 thanks.

gkb47 agree, do they have to be RNS'd beforehand.? If not might see some .

@neon good call , I suspect some of the larger sells today we're warrants excercised but I haven't actually looked their trigger prices yet.

@kong1 I can see where your coming from for sure, the good thing is the BoD are showing their experience with these matters and we'll all be using the most up to date figures, from 2nd December RNS:

In order to give greater visibility to shareholders, United will, from January, report production levels on a quarterly basis.

Yes, going by last year's results of 2,195 boepd $9.2m for 10 month's trading equates to $11.04m for the year realised at $37.7bbl .

This year is seeing 65% increase in realised bbl coupled with 25% increase in production makes $20m in revenues about right. IMO

I'm pretty confident we'll do very well here and I doubt there's much chance of a significant downside from this range also.

UOG break even at $20 bbl with 3rd well coming instantly online and then moving straight to next self funded drill. $2.8m payment to UOG in April from divestment & company debt under $4.8m. UOG must be now generating around $20m revenues per year and it's only going to produce more.