Member Info for BlaimThrower

The thing about the re-investment in Egypt is that it's not optional. It's not like UOG are choosing whether to drill more wells. They HAVE to drill more and do constant workovers to keep up with the fast decline in production. So the outlay for drilling wells is always going to be there and if the last 3 years has proven anything, it's that the production rate is falling overall.

It was around 1700bopd when they started buying the asset from rockhopper and it's now at 1011bopd.

UOG only made a profit last year because of selling assets. Jamaica isn't going to be bringing in any money for a year or 2 even if it got off the ground. So I can't see how UOG are going to make any profit come the next audited accounts. So I can genuinely see a placing or some sort of re-financing to keep the lights on within 12 months. That's unless Maria did go through (Unlikely in my view) or they managed to find a whale of a well in Egypt.

Just filter TDF ninetails. It's an idiot. I'll include this absolute classic from TDF in the days before i put it on filter

"Its clear Blame Thrower is non too bright. If he had sold at a 50% loss and then made a 100% profit then he would have made money. Mind you as i said, non too bright. He is clearly a very bad investor and is not capable of understanding Risk Reward, which is highly in favour of UOG at the moment."

Back to UOG. Are people still saying UOG is undervalued as I really don't see how it is? The Maria sale looks like it might not go through (IMO). Another extension in the form of Jamacia offers. Isn't that about 5 years they have been trying to sell/get a farm out? Surely any value applied to Jamacia or Maria should be very low as they clearly are not an easy sell based on how long they have been hanging around.

As me and jono have pointed out numerous times, Egypt can't pay for itself. Without selling off other assets, as you can see today in the cash balance, things aren't looking good. How long until they run out of cash?

The above is just my take on it. Others have their own but be very wary of anyone who makes bold statement and speaks in supposed facts but chooses to ignore all the information. Information like the decline in Egypt and the delicate cash position.

The thing is DMcG. Zak Mir is terrible. He just gets things wrong over and over. I wouldn't be using him as any sort of yard stick

You might want to take a look at his prediction history. It's terrible. He gets paid to write positive articles by companies so I wouldn't trust him as far as I could throw him. He tipped CTEA for big things 2 years ago. That's probably going to delist this year or next.

To use UOG as an example. Back in 2021 when UOG was trading between 3.5p and 4.5p he was tipping a possible move to 5.5p. On the same video he makes positive comments on VLRM at around 40p and possibly moving to 50p. Price now for that is now around 5p

https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-19th-july-2021-via-vox-markets/

And in March last year for UOG

"Hopefully, on this occasion or over the next week we will see the shares climb back to 2.9 p, if they could do that, then we could be up towards 3.6 p"

https://twitter.com/FlowCommsTweets/status/1508692682100641793

This is exactly where I stand as well Basher. When figures aren't included it's usually done for a reason but hopefully I'm wrong in this instance.

Ray is right. Its a pump and dump. Anyone who thinks brokerman dan does anything else is part of his crew or a fool. Its a pump and dump as the price was driven up hard and now its fallen back with no news. I'd imagine this will be back sub .2 before end of play Friday.

I am a holder of CORO but won't pretend whats going on is anything other than what it is.

Ha. Is TDF displaying nursery level standard of maths again?

I agree Coxon. A 30% daily rise when there has been no news stinks of a P&D

If its brokerman Dan then we can probsbly safely say its a pump.

How does new look imminent? Because its risen a bit the past few days? Like its done countless times before with no outcome?

Guy knows best, biglad.

I'm not sure why you're bothering Jono. If you're not going to filter that idiot then just reply pointing out why their claims are complete nonsense and leave it there. I do understand you not filtering them as you don't want their blatant lies to go unchallenged but it seems most other posters now correct TDF on the constant stream of misinformation. Otherwise it's like arguing with a brick wall.

Oily. You're wasting your time speaking to that person. They make no sense and have no idea how numbers work. TDF posted this last month.

"Its clear Blame Thrower is non too bright. If he had sold at a 50% loss and then made a 100% profit then he would have made money. Mind you as i said, non too bright. He is clearly a very bad investor and is not capable of understanding Risk Reward, which is highly in favour of UOG at the moment."

Now all I see if green ticks when TDF posts and it's a much better board for it.

Are CORO listed in the US? That's the only way buying would increase when their markets open.

Don't pay attention to the guard dogs panda. You're not allowed to question the almighty UOG on this board.

Its ok for people to tell you to buy shares but if anyone questions the fact that UOG is only making money because of selling off assets they will get shot down. Even though they are not directly telling people to sell their existing shares or not but new ones.

I haven't questioned UOG getting the money from Egypt as it's an area (egypt's currency woes) I don't know that much about. I have questions what panda has demonstated though. AS isn't making that much money when you take the cost of the drilling and other costs into account. Did Brian mention current production figures on the call. I'd be interested to know if ASH 8 suffers the steep decline that the other wells have. If it hasn't then that's really good for UOG. If it has though, I don't see how AS is ever going to make any real money and they will still be relying on selling off other assets to remain in the black. With there only being Maria left to sell off, where do UOG go when they need cash?

I would urge everyone to take extreme caution before following chartists on small cap stocks. They are usually entirely news driven because it's PI's investing and not II's. I'd put UOG in this category.

As for Zak Mir. You might want to take a look at his prediction history. It's terrible. He gets paid to write positive articles by companies so I wouldn't trust him as far as I could throw him. He tipped CTEA for big things 2 years ago. That's probably going to delist this year or next.

To use UOG as an example. Back in 2021 when UOG was trading between 3.5p and 4.5p he was tipping a possible move to 5.5p. On the same video he makes positive comments on VLRM at around 40p and possibly moving to 50p. Price now for that is now around 5p

https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-19th-july-2021-via-vox-markets/

And in March last year for UOG
"Hopefully, on this occasion or over the next week we will see the shares climb back to 2.9 p, if they could do that, then we could be up towards 3.6 p"
https://twitter.com/FlowCommsTweets/status/1508692682100641793

How did those predictions work out. He wasn't talking long term.

I didn't comment on the company until the now filtered formerfd/thedogfather was telling me how I'd missed out. I just replied to say why I didn't think I had. To which they replied with showing how they don't understand percentages.

My initial comment was just around the lack of silly (IMO) posts commenting on individual trades, commenting on buys being printed as sells etc..

I'm not a basher but I'm assuming that's what me and jono are being labeled as. I checked this board and the RNS when I saw the large SP rise. Not seeing any reason for the rise so what is there to comment on? As far as I know, nothing has changed from a company perspective.

Fair enough sassy. Its all our own money so we are free to invest as we see fit.

Brilliant. Back with the personal nsults. Saying I'm not very bright before demonstrating a lack of understanding of how percentages work.