Member Info for Bradleybear

Just waiting on news patiently waiting but MMM is right shouldn't have said he was gonna do something then cant because of authorisation. Again I think its mad it has to be authorised tbh

Kiss the 7s goodbye

Uog is currently earning anywhere between $5m to $12m at $40 a barrel due to claiming from the pool of money spent on the asset. Uog is very much under priced however financials will prove this I do believe going forward acquisitions need to be made with cash and maybe a BP loan however should not include shares being distributed like ukog is famous for. The drill program starting again or the purchase of another production asset in a diffrent country would be lovely

https://twitter.com/Bradley08756305/status/1294026139422412802?s=19

We do have a debt with BP however remember this was secured at just 800bopd and raised at around 3p. They also had the SP stay above 3p for a while at that bopd level. Since then the oil we pull out the ground is nearing a 300% increace. So if investors thought fair value for 800bopd was around 3p let's say then in theory we should be pushing past 6p easily. This was again before acquiring 100% Jamaica too. A farm down of us even holding 10% free carry and hitting would again multiply SP. We also.have more the 30 drill locations left in egypt with an 80% success rate. If im being honest however I believe the only downside to this share is the fact the drilling campaign was stopped. I suspect one more drill before year end however

The company is currently valued around £18m. Even if they made a profit of £6m at a P/E ratio of 5 it should be worth around 5p! Oil and gas production and exploration average P/E ratio as of January 2020 was 19.2. So at £6m profit that would make UOG worth nearly £120m or around 20p. Take that as you will but we are currently trading at 3 x if we are making £6m so much more to go!

So long as Mr 250k is alone then they will run out eventually. News should of arrived by now annoyingly it would be the news that would blow him out the share once and for all

Looks like a shake to me today soon as news drops it's up again we go. Cant be many shares below 4p left at all

Prd arent paying for the field tho and Ireland is already negotiated far as lng is concerned

The quicker the result the better. Is puts us in a great position for the SP going forward

Also if flagstaff are hear to do as they say we havent begun

Today so far suggest a low volume day. Staying above 4p is the win and shows 4p is the support level. As MMM says today is a buy soon as news drops it only has to jump 25% to be in the 5s. News due sometime this week and then more news to follow this share has done wonders to come from below 2p all the way to 4p but in no way shape or form does that show the true value of the assets we hold

It's nice to know Paul wants to go down the service route scaling up is made so much quicker! No upfront costs for fields, no drilling new well ect. The next step will be ensuring the project runs correctly and then approaching the Trinidad goverment and somehow getting then to shorten the length of time it takes for legal documentation. Still have checks if course but probably just an environmental check none of this waiting for months for replies! I do think as the operation gets bigger the goverment will probably have it's own department to deal with it! We are the go too for all C02 end of run on the island

You know what I like about half the derampers on LSE there actually easy to spot! They dont give facts they dont give what could potentially go wrong with the asset they just attack! They say things like run away or this wont make it! They never say oh Paul's last venture in such ancient such didnt work because and then a fact! So I'm gonna give you derampers a fact! We choose to read what we want! So unless you got something good to say its bye bye your wasting your time

No advice needed I just like hearing all sides of the argument tbh. So far no one has offered a reason good enough to sway my decision on PRD even the derampers on ADVFN dont understand they still think Trin is about the oil they pull out at the start and not the story going forward. All great oaks start as a simple seed

GRH what's your twitter?

Thanks MMM I'm gonna be honest I got in a month after ipo I bought my first set of shares at 3p and held all the way. My average is now 4p however I didn't get into PRD for Ireland I got in for Trin. Ireland always seem to want to run on wind and dont realise they need to bridge the gap with gas so arguments start and things take ages. I got involved because of Trin what I could see was not just an oil company but a tech and service combined. Imagine having a tech that could pump out just as much oil as you could at the start of your project and on top lower C02 for a greener environment! It ticked the boxes for me and I admit up until recently the tech had been held back by countries who could only supply enough C02 via ammonia plants ect. This seems to me to be no longer the case because BP and am sure shell have combined to deliever carbon capture tech to store 80% of there carbon dioxide produced. To me this has opened up a world of new option for PRD. Trin C02 project to me is the equivalent of walking through a forest made of toilet paper and striking a match! It wont be long before the world see Trin C02 levels dropping and jump on board.

As for the LNG project MMM did you ever expect Paul to venture into it and if so were do you think we could end up with it in say 12-18months time? Theres a lot of NDAs on it and it just seems to need a rubber stamp with no actual cost to ourselves.

https://twitter.com/Bradley08756305/status/1291728132404322307?s=19

If someone is willing to back Paul in his first C02 adventure and buy the field to me that says two things. One they probably have enough to buy even more on success and two they more then likely have connections to other fields. I cant see Paul making deals with those that wint benefit him after all I believe he did say things do keep popping up. I expect double digits from Trinidad maybe more depending on the length covid stops morroco and then morroco to shoot us up in a success case. That all being said Ireland having all that work done in 6 months what's everyones thoughts?