Member Info for BlaimThrower

If I did hold stock I'd be over 50% down and pretty annoyed that the production rate was no further on from when I bought yet they had spent millions on drilling new wells and nothing had been done with Jamacia. I don't though. I sold for a very small profit when I could see where this share was going. Feel free to scroll through my posting history as I slowly changed from positive, to questioning what's going on, to losing faith in this progressing and selling.

I don't disagree with people saying Jamacia would be game changing. My doubt is that it will ever happen under UOG ownership. In all the time they have been involved (over 3 years) with the Jamacia license, what progress has been made? I don't count Brian repeating the same lines in annual reports about discussions being ongoing as progress personally.

They were also saying the same things when the SP was 4p but being told it was only up from there.

2 good posts here. I'm guilty of dragging the board down at times into a personal spat and for that I apologise. It's the way people like GregPeck reply that just gets my back up. Personally insulting someone because they don't hold the same opinion is one of my pet hates and greg and others are guilty of it in my opinion. Any suggestion that all is not rosy is met with mockery. This, in my opinion, is why the board has a toxic element.

Jono posts based on facts and figures but is labeled a deramper. If he was on here posting "uog is going to 0", "uog will go bankrupt" without any explanation then I'd understand him being labeled a deramper. What he is doing it making a point and asking questions, backed up by facts and figures. Why should he or anyone be labeled an idiot or worse for doing that? If someone wants an environment where nobody ever raised possible issues then join one of the brainwashed telegram groups.

Funny how you're only ever busy when a negative RNS lands.

This is a nice day on the board.

No posts asking "Where's Jono?"

No daily postings of how many trades have gone through

No idiotic posts claiming buys are printing as sells. Like anyone who has a clue about trading looks at a line being red or blue to decide anything. This isn't even mentioning that fact that they are not actually printed as a buy or sell.

No greg pecker pouncing on anyone who dares question UOG being a future large cap.

Not many people going on about Jamaica, which that hasn't progressed in years, yet gets labeled daily with "could happen any day now." or something similar.

You certainly can but it means you're being misleading in your posts, if you do. Something you said jono was incorrect to accuse you of.

I know how the market cap is set thanks. What I'm saying is that these companies are a joke. They have ludicrous valuations. So you can't use them to say, for example, "BOIL has a £25m market cap. UOG has £10m mcap. UOG is undervalued". As that implies that BOIL is fairly valued. In reality BOIL should have a market cap way less so isn't a yardstick to gauge value of a company and position UOG as being a cheap buy.

As much as I dislike Greg Pecker, I agree that this poster is talking rubbish and clearly trying to crossramp.

Note you saying those companies are massively overvalued Greg. Which I agree with. You also use these companies as a gauge of how undervalued UOG is. You either know they should be worth lots less or you believe they are correctly valued and used them as an example as to why UOG should be worth more.

Stop speaking sense jono. The UOG guard dog will be after you.

You said 'exact words' I suggest you look up what that actually means.

Wow. 3 buys. I'm blown over

No, my figures were not wrong. Fomo???? Fomo of a declining share price. Yea. Gutted I'm missing out.

I made positive comments about UOG. No ramping though. Never told people to buy it and never made wild sp predictions.

That is pure fiction. I have never ramped UOG or any other company. Please read back on my posts on this forum for why I changed my mind. In summary

Bad terms with the psc
Rapid decline of production in all Wells
No jamacia progress. Jam tomorrow.
BOD avoiding questions, Using multiple currencies to try and hide their large pay increases in RNS and selling stock to pay fees when exercising options.

Happy ISA day Greg. Look at all that cash being thrown into UOG.

I haven't lied once unlike you. Please show me where I have.

80% drill success. Is that still the case? What does success look like? Was Ash4 a success. Over a million pounds cost for 150 a day. How long do they need to produce at that rate with the psc terms to make the money back, never mind make any profit. And thats assuming it only cost a million to drill. A year at a guess if it does stay at that rate. That isn't success to me but I bet that put that down as a successful well.

Off to bed now. Will check back in the morning to see what other things I'm accused of but haven't actually done.

As I have already stated. What I posted was the below. Which is factually correct. I questioned it was around 1.7k when 'acquired'. When 'acquired' is was over 1.7kboepd. I never said anything about when they announced the intent to acquire. Even then though. 345 extra on production for 3 years work and millions spent will never be seen as good value and this is reflected in the value of the company dropping, even when oil price is $20more then it was 3 years ago.

Other oil fields have decline too. This is correct. Not at the rate of abu though and those oil companies often jave multiple assets producing. UOG have 1. 1 in steep decline.

"Wasn't it about 1.7k bopd being produced (net to rockhopper) when they acquired the egypt asset"

UOG acquired rockhopper over a month after ASH2 came online. So my post was accurate.

While we are talking about letting the crowd decide why don't we let then decide the value of UOG. Oh wait. They have. They have decided its worth less and less as each year goes by.

The crowd dont need to decide. Its already been decided. 'Exact words' has a specific meaning. Its not open to interpretation.

Yep. So not what you claimed to be my exact words. If you were honest you would admit you're not highly intelligent either. Not many people are highly intelligent. Or are you a member of mensa and you've not mentioned it.

I know you like to think of me as stupid but I'm not. I posted

"Wasn't it about 1.7k bopd being produced (net to rockhopper) when they acquired the egypt asset"

UOG acquired rockhopper over a month after ASH2 came online. So my post was accurate.

If you want to be super picky and say that the rate was lower when they first agreed to buy Abu then it was 1100boepd when they announced they were going to acquire RH. Its 1445boepd now after 3 years of drilling new wells at a cost of millions of pounds. Overall the production is in decline of you were to plot points on a graph and look at a trend line. Even with the measly 345boepd increase, the value of Abu is surely less as there is a proven decline issue without constant drilling. Drilling which costs lots of money and time.

Youre splitting hairs here. We're talking a month difference but you're wrong anyway.

ASH2 came on stream on the 2nd of Jan 2020. The acquisition completed on the 23rd Feb.

The point I'm making is that the asset is actually producing less even after 3 years of fairly heavy investment in it. Thats why UOG is stuck where it is.

"You are not very intelligent.

Your exact words. And well done for being brutally honest with us all."

Thats a lie. They weren't my exact words.

This non holder thing you like throwing at me and Jono is just silly. Someone's status as a holder has no reflection on their understanding of a stock. You could even argue a holder of a stock will more likely see it with rose tinted glasses because they desperately want it to succeed.

From January 2020 RNS, just after the acquisition of Egypt was about to go through.

"Since ASH-2 came on stream, gross production from the Abu Sennan licence has averaged c. 8,000 boepd, which equates to c. 1,760 boepd net to Rockhopper's 22% interest."

I'm glad you agree with me hippo. I might say you're not highly intelligent either. With you still posting about how great UOG looks after years of it falling in both market value and oil production figures.

Its funny how people only ask where jono is when there's been a good RNS. No one was asking where he was after some of the recent stinkers.

Re-rate. How many times has this been said about UOG. It's never going to re-rate until they show real progress.

Yes, they are paying off debts slowly and selling assets but in terms of growing revenue, UOG just aren't doing it. Lots of posters singing and dancing about the latest RNS but there's no significant progress there. Jamacia is just a pipe dream still. Year after year they state they are in talks of various levels to develop it but nothing has happened.

Wasn't it about 1.7k bopd being produced (net to rockhopper) when they acquired the egypt asset. So its gone backwards after years and millions spent on drilling how many Wells? Until this decline is addressed UOG won't be going far. The odd good well result just slows the decline but overall its still declining. Lets see what production is like in 6 months. Probably (imo) back in the low 1k's or maybe even below and UOG will avoid giving up to date total production figures again.

Classic Guy