Member Info for Bebeto

Still plenty of gas in the tank buying in at this range.

Currently it's worth 7p before the flow rates are released (knowing the drill was a success) but this share is an easy low risk ten bagger plus.!

Agree the trade has gone through. Tomorrow I estimate we'll be +6%

Aberdeen man agree, if Align Research has half of their holding in a spreadbet then there's no way they will let the shareprice drop significantly if at all.

The shareprice rejected the low which is a great sign. Those in the know , knows the short positions here.

Anyone buying in now will make 100% to where this shareprice currently should be at 7p but there's a real low risk potential to make over ten time's that over a longer term hold.

GGP has 21 times more shares than OMI , massive difference in price movements.

BL interview this morning

https://youtu.be/DVVdzUaNSeM

Whipping GGP's rear end now.!

Cenkos has target of 26.6p but after the next successful drill it's going to be 30p and we have 35 self funded drill targets.

I'm holding all the way for maximum returns from this level.

https://www.proactiveinvestors.co.uk/companies/amp/news/213832/united-oil--gas-expects-production-growth-as-egyptian-success-continues-213832.html

From 13th January RNS :

With the ASH gas pipeline coming onstream on the 27th December, United exited 2020 with net working interest production of 2,389 boepd

We did better than GGP today.!

Yes too simplistic, there's not likely to be a placement anytime soon so there's no ramp crews operating as anyone buying in are buying in on the company's merit's alone. The sellers on the other hand are playing on private investors impatience/ poor strategy on entering a share.

The bottom line is Cenkos increased their target to 26p after the next drill it will be 30p and so on. I don't see any TR1 holder's reducing here only more will join the party in time. I'm very happy to hold & increase as this is my only O&G play with the risk to reward ratio massively in my favour.

Quoted 3.24p to buy £5k worth

In my opinion,

From 1st February RNS:

Flexibility exists within the Abu Sennan joint venture and the EDC-50 rig contract to add up to two further wells in the Abu Sennan drilling campaign subject to well results and the commodity price environment.

Brent over $63 bbl currently and likely to remain for the year.

From today's RNS:

The well will be tested and completed in the coming days and will then be brought immediately onstream through the existing ASH facilities, delivering a further uplift to production. The ED-50 rig will then move to the north of the Licence,

It's the middle of February and we're only days away from moving the rig to the 2nd of 3 drill campaign, the timeline and commercial value of oil makes the further two drills highly likely in 2021. By the end of the year theres real potential to have 7 producing wells in Egypt.

Took some more , if it's good enough for GH then it's good enough for me at this price range.

Sounds to me like it's going to free cash flow as there's 30 calendar months repayment agreement:

BP facility

BP has agreed to provide the Company with a pre-payment financing structure of up to US$8 million, transacted under a 2002 ISDA Master Agreement. Pursuant to the terms of the BP facility, the Company will make repayments over 30 calendar months based upon dated Brent market prices for an agreed volume, capped at an agreed level. The financing structure will generate an upfront payment to the Company that will be used to fund part of the Rockhopper Acquisition and in addition, will hedge a portion of the Company's production during the term of the pre-payment while allowing the Company to benefit from market prices above the capped price for the pre-payment volume. The Company intends to draw down the full amount under the BP facility (US$8 million), on or prior to Completion, to fund the Rockhopper Acquisition.

Instant uplift in revenues :

The well will be tested and completed in the coming days and will then be brought immediately onstream through the existing ASH facilities,

Great news looking forward to seeing the the results as it was an updip well meaning that the water cut will be in our favour also.