Member Info for BlaimThrower

What difference does it make if he is a shareholder or not? It doesn't make the things he posts any less or more valid. Jono and I have been on this board long before you crawled on here, sharing our thoughts on the company and providing a balanced look at the company instead of blind faith in UOG to achieve what they have not done, but promised to, for the last 10 years.

Nice to see you again Jono. That's my train of thought too. I've been banging my head against a brick wall messaging on these forums again. A new wave of people telling me I'm wrong (again) and UOG have turned a corner. Did you not see they used the word "shortly" in the RNS? That means the farm out is 100% happening.

Correct. I was talking about Waddock cross.

They were still trying to drill in in 2014 before shutting it in. If they tried and failed in the 80's I'd agree with your statement about technology coming a long way since then but this has been attempted with modern techniques too.

"If the primary interest lies in a particular license, and the rest of UOG’s assets do not align with the acquirer’s objectives, it might be more practical to negotiate terms for that specific asset. Conversely, if UOG’s broader asset base offers synergistic value, a full acquisition could be justified."

Broader asset base? Statements like the above only apply when a company has that. UOG has 2 licenses. One is over a decade old in an area that has never produced oil before and the other was first drilled in 1982 and had to be shut in 10 years ago because it was producing almost nothing but water.

I'm still here. If I'm a troll then so are my rampy counterparts on the other end of the scale.

Lies in this post:

"Farm out is signed"

No it's not.

When I have 5 mins I'll dig out the statements from several previous RNS going back years where UOG have stated that they talks are going well.....only for nothing to happen. Uog have almost 600k of director wages to pay so any cash they have wont last long.

Although I think the first sentence is utter drivel I'm going to have to like this for the last one.

No, they're not. They never were. Since the spike this has been dropping and it's nothing to do with ShareBELL and his silly MM games accusations. It's because people are selling. Look at the disappearance of lots of rampers on here today. They're cutting their losses and running. The ones that remain are the ones stuck here firmly in the red.

Just another reminder that it is not possible to short UOG so stop saying it is.

Anyone who had listened to me on UOG when it was at 4.5p would have saved themselves some serious losses.

Maybe you don't see an issue with all the lies being touted by the rampers on here but I do. Of course them saying that majors are in discussions with UOG and a deal will be announced very soon on literally no basis at all will suit you.

I don't need to be an expert in drilling. I'm an expert in business and I know that no major is going to pay UOG to do all their drilling and back costs as well when they can just acquire UOG as a whole for buttons. Or they could wait for the license to expire and then gazump UOG for the license. But that's not going to happen as if they were interested they would have taken one of the above 2 actions over the last 12 years.

Honestly. People like you don't question idiots posting things like "boom time". "buys showing as sells" "it's the MM's playing games" but then get your back up with someone not passing made up rumors as facts calling out their bullpoop. I just don't get it at all. I've been here for years and will be here long after the rampers have gone and any real investors have realised the real direction UOG is going in.

Deal shareBELL.

You cannot short UOG. Therefore, no-one is doing it.

Regards

Reality

Yes, it went to 38, not 40. Thanks for confirming. Also, that was the ask price, not the share price. The mid point, which is used by people who have a clue, which is the best way to judge a share price was 0.365. So you were still almost 9% off.

I predict a share price of 0.15 in a month and it's 0.26 now so that's only 0.1 off which is ok for as a prediction then I guess?

Ah yes. The Sharebell crystal ball. Like yesterday when you said it was going to hit the .40's by 11am. Or the day before when you said it would hit the .40's in the afternoon.

IT IS NOT POSSIBLE TO SHORT UOG.

Thank you. Someone who isn't accusing someone else of something that isn't possble.

I think you'll find I've been on this board for years and years. You on the other hand move from ramp to ramp. Shall I look back and see what you last said on this board to find out what your average price is?

Delusional? You might want to take a look in the last H1 accounts and the past history of this company as to a clue if this farmout will ever happen. I'm pretty confident it won't. They are banking on several things happening to keep them from needing to raise. Anyone who says they are fully funded is wrong as they haven't received any money from Egypt yet, as it hasn't been fully approved.

"Completion of this withdrawal remains contingent on obtaining formal approvals from the Egyptian General Petroleum Corporation ("EGPC") and the Minister for the Deed of Assignment which should be received in due course."

And this is from the H1 accounts. I don't expect these rampers to read any of this though or look at the history of the company. Whether Brian has done what he promised (he hasn't by the way), if they have already stated they are close to a farmout several times over the years but nothing has materialised.

"The key assumptions and related sensitivities include a "Reasonable Worst Case" ("RWC") sensitivity where the Board has considered a scenario with significant aggregated downside, including a delay in the farmout, subject to different terms and conditions than budgeted, no exercise of warrants, delay in receiving outstanding receivables and an equity raise.

Under the combined RWC, the Group forecasts there will be sufficient resources to continue in operational existence for the foreseeable future. The various assumptions considered were:

a. Timing of receivables from Egyptian General Petroleum Corporation

b. Securing a Jamaica farmout with reimbursement of back costs

c. No Jamaica Farmout in the period

d. Exercise of the Warrants in December 2024

e. No Exercise of Warrants

The likelihood of all the downside sensitivities occurring simultaneously is unlikely. Under such a RWC scenario, we have identified suitable mitigating actions, including deferring capital expenditure, adjusting the Group's cost base, and potentially undertaking an equity raise, which would be subject to market conditions and is not guaranteed to succeed. However, based on past experience, the Directors believe that an equity raise is likely to be successful."

To repeat again. You cannot short UOG anywhere so no, the Dr isn't spread betting it.

Less lies please.

Yes, that is how you short a stock. Well done. You cannot short every company though. You go and check your spreadbet platform and see if you can short UOG