Member Info for Bebeto

Hi, I can't answer much about the current drill that's not already spoken or in the broker note but I can add about the bigger picture regarding Egypt.

The Egyptian Govt has a massive vested interest, they own everything, from low cost EDC-50 DrIll rig from the Egyptian Drilling Company 100% owned by EGPC the Egyptian state company, to all the infrastructure and oil pricing revenues. Having this sort of Govt input there's no wonder why the historic COS chance of success is so high at 80%. They have proved to be flexible by renegotiating pricing in our favour. UOG has now a native Egyptian on the BoD with 35 self funded drill targets in their sights, this isn't a one trip drill pony and I fully expect the broker notes to rise their target pricing as we go through the target list over the coming years and I'll be holding all the way for maximum returns from this price range.

Brent $61.60 bbl and UOG is around 20¢ bbl below that marker. The value here is increasing daily now.

Must be extremely close to hitting oil now in the ASH-3 development well. Looking forward to this one as the other two wells exceeded expectations hoping to make 3 out of 3.

Align research has increased from 6.52% to 7.01%

NT to buy small amounts, the free float must be low.

If they produce the minimum of what they anticipate from ASH-3 then the combined production in this climate would produce our current MCAP in revenues inside 12 months, even though there's still another 2 to 4 drills coming in this current completely self funded drill campaign.

It's building for sure as our revenues currently have increased by 60% just on the oil price we're getting.

They must be close to hitting oil now, should hear something soon. IMO

Going to be over 1p soon probably next week.

From 29th September RNS:

• Pricing discount improvements and reductions agreed with EGPC has potential to deliver between $600,000 to $800,000 uplift in revenues at current production levels on an annualised basis.

Brian actually mentions the 20¢ below Brent in one of his interviews, possibly the investor call.

The partners renegotiated with EGPC last year to around 20¢ below Brent price.

Agree , massive resource like that gives massive reward to risk ratio with the shareprice down below 1p.

Any sniff of a deal and this will multibag for sure.

Brent over $61 bbl and UOG has never earned so much revenues before.

3p to buy £5k worth a moment in a self funding share soon to be 3000+ boepd revenue stream.

Brent has now hit $60 bbl and we're just a few weeks away from bringing more online with ASH-3 well.

Brian said in one of his interviews he'll update the market when they reach drill depth and start testing but overall it should be all completed by 1st week in March at latest.

I'm quietly confident Jamaica news in H1 this year.

Yes now the drilling campaign is back on and from now on all the drills in Egypt will be fully funded, there's upto 35 potential drill targets. So in my opinion it's a no brainer to hold for the lot as it's a dilution free shot everytime.

Hi Neon, just a fag packet calculation, 500 would be 20% increase on production with higher realised $60 per bbl and including the renegotiated Egypt govt take I'd say the revenues would be somewhere around $20.4m for the year and that's without any of the other drills being factored in.