Member Info for BullorBears

- Short-term (post-announcement): A successful farm-out could trigger a sharp rally, potentially pushing the share price to 1.00p–3.00p, reflecting a 10x–30x increase from current levels. This aligns with speculative small-cap oil and gas stock behaviour following positive news, especially if the partner is a major player and the deal includes cash payments or a significant carry on drilling costs.

- Medium-term (6–12 months): If the farm-out leads to a drilling program and early indications of success, the price could stabilize or grow further to 5.00p–10.00p, assuming positive momentum and no major setbacks elsewhere (e.g., Egypt asset sales or UK operations). This would still be far below historical highs (6.50p in 2018) but reflects a realistic re-rating for a frontier asset.

- Long-term (beyond 12 months): Should drilling confirm a commercial discovery, the upside could be substantial, potentially reaching or exceeding the analyst targets of 23p+, though this is highly speculative and depends on resource size, oil prices, and UOG’s retained interest.

What MCAP could they achieve on a JV/Farm out with over 7b recoverable resource? the MCAP is currently around £1.6m and I would expect to see that between 30-60m subject to the terms, so a potential 20-30 bagger on the right news!

I can't imagine there will be any weather concerns in Australia. Expecting a lot of news during March, a gift at this price!

David and Monique Newlands increase from 3.582% to 4.501%

Follow the money.....

Wow! That's a huge late buy trade that's just been printed! Seems someone is buying big in the background.

Just looking at the daily chart, there are no resistance points until we are around 23-25p, so the road to low 20's looks pretty straight forward, after 23-25p the next major resistance is 28-29p and then we will be making new highs.

The TA is looking very good!

Agreed Stats20, this is an add and hold, I expect to be above 20p by the end of the week and then attacking the previous high.

The end is near, Russia are losing and Trump will offer them better negotiating terms than Biden.

Trump wants this done so he can deliver early in his campaign.

Interesting that EUA have tweeted for the first time since 2023…..are we finally coming to an end of the war and we can revisit 20p again 👀

Should take 2-4 weeks, expecting to hear something before the end of Jan.

I did hear on the grapevine that news was due imminently, they would or could not confirm the news but said it's worth hanging around for.

Based on TA, we are currently sat on historic support level of 0.36, I think it moves up to 0.52 which is the next resistance level, consolidates again and then 0.1075. However, a few people have mentioned the samples are due back any day so this would blow TA out of the window.

The few big sells are all placing shares, its ready for the next leg, all shares have a consolidation before moving up! The share has had no volume for weeks, the buying yesterday morning is enough to keep me interested.

Two 50m buys today, there has to be a leak of some big news on the way.

Seems like Lithium price is starting to increase, expecting to see a bit of a bull run for Lithium stocks. I have added to ALL and CLON today. Both have sufficient cash and not expected to raise anytime soon, both seems to be the pick of Lithium stocks.

Seems like Lithium price is starting to increase, expecting to see a bit of a bull run for Lithium stocks. Shares like CLON and ALL have started to move. Issue with PREM is the cash situation, which is prob why the cashed up Lithium stocks have started to move in anticipation.

I'm assuming the test results have come back positive then?

This is from the last RNS update:

Our joint venture's pilot plant has been constructed at a trusted industrial location in Mumbai and now awaits receipt of bulk samples for production testing.....

Someone doesn’t buy 50m shares if no news is due, that buy alone is more volume than the last week!

25% up! What’s going on?

A few big buys going through the book. This share is normally leaky, news due!