Member Info for Bebeto

I'm still taking my seat here as only 50% scaled in to where I want to be before the drill results. ASH-3 Drill is a development well, updip on same known reservoirs (AEB) as the ASH-2 well. Virtually guaranteed success as its just about the flow rates compared to an exploration well. This drill represents only 20% of the potential production uplift for 2021, therefore the current daily shareprice isn't as important to the overall thinking behind my investment here.

Currently quoted 3.24p to buy £5k worth and NT to sell £5k worth. Sellers don't like NT :)

Interesting find from 28th February 2020 RNS regarding oil prices above $60 bbl.

The BP Facility is based on a floor price of $60/bbl for c.6,600 bbls of crude oil production per month for the next thirty months, effectively hedging this portion of production while allowing United to benefit from market prices above $60.

Some analyst's have predicted upto $100 per bbl for 2021.

Was technically oversold on 4hr & daily chart . There's still a gap down to fill before news too.

Yes $58 realised for the year would bring in circa $17m in revenues. That's using last year's figures and we're currently drilling the first well in upto 5 drill program.

Over $20 bbl more now than mean price last year so we're now per barrel doubling our profits in 2021.

Will be great to see a few more TR-1 holders coming through soon.

Ah yes I see it, with 35 drill targets it could be possible to see more than just one rig drilling in the future too.

Did anyone notice in the RNS that there's scope in the rig contract to add another two drills to the program. The program is already 3 wells , so I take it we could be ending the program potentially with another 5 wells. Wonder what the shareprice would be then.? LOL

Moving up again loads of upside here.!

It says in the 5th December RNS the Crown money ($2.8m) will be paid to UOG within 7 days of FDP approval of which the approval is expected at the end of March.

Half of the current MCAP produced in net revenues in 10 months

"A formal farm-out process will shortly commence seeking partners to join us in unlocking the potential in our high impact Walton Morant exploration licence in Jamaica"

This could be transformational

Quoted 2.8499p for £5k worth, buys printed as sells spread is deceiving.

Wonder if something big is happening behind the scenes, TU & UOG pumping loads on twitter.

That was from $37 bbl and now it's around $55 bbl . Expect to be a 45% increase in revenues this year without adding the 3 drills program.

Absolutely nothing to worry about. UOG did $16m RTO now have MCAP of £18m from 625m shares . take all the warrants and rest of the dilution and compare UOG to RBD £41m MCAP from over 7Bn shares. What would be the UOG Share count at £41m MCAP.? Not in the same ball park. IMO

Brian's not pumping UOG on twitter for nothing.! He's sending someone a message IMO

2.84p to buy and 3 MM's on 2.8p, what's the seller's going to do? Bebeto is having a good day here.

That suits me, I can continue buying all the way to results already tripled my holding here.!