Member Info for cf456

"U.K. Nat gas prices above 70p/therm...highest ever for this time of year! Note -the same spot price trend is applicable throughout Europe (inc Ukraine). While many commods have been retreating this one has continued to push higher. Large personal exposure via #SQZ #RPT #RRE etc"

https://twitter.com/barondaytrading/status/1037231250145267712

78.43% of the company currently in sticky hands.

http://www.regalpetroleum.co.uk/shareholdings.aspx

Energees paid 38p for its stake in 2011 and has held ever since. It will be looking for a hefty premium on top of that to justify the long holding period and so is likely to continue to hold until the price has risen far above the 38p it paid.

Pinchuk has just bought in again and taken a very significant 24% of the company. He isn't likely to be selling that 24% in a hurry given that he has just only just bought and clearly sees strong value at the current price.

So with 78.43% effectively tied up for the time being, the remaining free float is very small.

A strong recovery story, likely further positive news in the pipeline and a very limited free float together make for a very interesting investment proposition. Up moves could be very rapid indeed as investors chase the limited available stock.

A great opportunity presenting itself here as the price drifts back on small sales.

An oligarch previously bidding for the company and now snapping up 24% of the company is as good a buying signal as any.

A bid at a significant premium to the current price could come at any day and those selling on current weakness will regret it hugely.

http://www.thisismoney.co.uk/money/markets/article-6074347/Battle-oligarchs-Ukrainian-closing-bid-UK-oil-gas-firm-Regal-Petroleum.html

https://www.telegraph.co.uk/business/2018/08/26/european-gas-prices-hit-three-year-highs-set-keep-rising-companies

https://www.telegraph.co.uk/business/2018/08/26/european-gas-prices-hit-three-year-highs-set-keep-rising-companies

Certainly heating up again.

A bid could come at any time:

http://www.thisismoney.co.uk/money/markets/article-6074347/Battle-oligarchs-Ukrainian-closing-bid-UK-oil-gas-firm-Regal-Petroleum.html

Cavendish now up to 11.84%. They're clearly keen on prospects.

https://investegate.co.uk/rockrose-energy-plc--rre-/rns/tr-1--notification-of-major-holdings/201808231814137346Y

"Ex-shareholder Privatbank Igor Kolomoisky is preparing to gain control over the gas company JKX Oil & Gas together with Vitaly Khomutynnik"

http://goo.gl/Ze8jB7

https://oligarh.media/2018/07/18/homutynnik-proburil-skvazhinu-dlya-kolomojskogo

Our objective is to create as much value as we can in the share price."

"Our shares have more than doubled since readmission, and a broker note puts our target price at around 14p a share, so there gives you an idea of the value offer here. As we develop the portfolio, we expect to see that reflected in our share price."

http://www.valuethemarkets.com/index.php/2018/08/10/united-oil-gas-boss-larkin-talks-future-performance-vital-not-rely-one-asset-uog

No probs. The Jamaica material was particularly interesting...

"In receipt of first data sets of Jamaica 3D seismic. Very pleased with what they have seen so far. Excellent quality data with very good views into the structures."

Given that the company has stated in the most recent presentation that Walton-Morant offers "huge re-rating potential", a positive RNS could send the shares sharply higher.

That RNS could land any day.

Some good notes from the recent investor evening...

----

"Last week I attended the #UOG investor evening. Below are my somewhat belated notes due to time constraints. Chatting and listening to CEO Brian and COO Jonathan resulted in me increasing my position. You can listen to my personal investor video here https://youtu.be/FqPj55ZkMY8"

https://twitter.com/TheMoneySponge/status/1024611232190537729

Yes, looks good.

The company has a clear goal of driving the share price higher:

"Strategy

Utilise the team’s experience to identify projects to build a balanced portfolio of assets with the potential to significantly increase shareholder value"

And plenty of "High Impact Newsflow" in the short term to look forward to as well (page 25)

"Mad rush to make it to flight,Spent too much time with one of largest #GKP s/holders over lunch! Decent time talking through co with all BOD, informative Q&As. Backing this so large - the right move. Back home then straight off to New York. More when have a mo #GulfKeystone"

"#GKP BOD did presentation and spent time talking through exceptional characteristics and performance of field. No water ingress at all #GulfKeystone"

"#GKP Culture of accountability now, $7bbl to $2.8bbl opex, G&A halved in 17 vs 14. Focus on safety, deliver milestones, Jurassic 55kbopd, reset of PSc ahead. New bond less restrictive and new lending capacity. CPR to be post fdp, extra $1/bbl netback increase ahead #GulfKeystone"

"#GKP largest monthly payment ever just received, detailed capital markets day later in year on strategy & capital structure (interesting bit). $140m-$172m net to gkp for 55kbopd uplift, largest cash balances in history fully cover. I discussed buybacks in depth #GulfKeystone"

"#GKP takeaway - best positioning in history, co is printing cash (Scope for many, many billions to cash pile), v strong field performance despite lack of investment in Shaikan (changes soon),new Chair extremely confident that story only gets better, think buyback scope post fdp"

"#GKP given underlying fundamentals on where cash goes , no doubts 3xBOD deliver on long term incentive plan ! Can't see SP not hitting hurdle YoY targets personally #GulfKeystone"

https://twitter.com/barondaytrading/status/10184830263

"United Oil & Gas PLC continuing to evaluate new opportunities following a busy year"

http://goo.gl/vR5Rco

"The last twelve months have been a highly active, successful and rewarding period for United.

"Shareholders can expect more of the same in the year ahead, as we work with our partners to bring the commercial gas discovery in Italy into production; drill at least one well in the UK; and de-risk the company-making prospectivity, offshore Jamaica. In tandem with this, we continue to evaluate new opportunities which match our investment criteria as we look to deliver on our objective to expose our shareholders to a growing pipeline of near-term opportunities with significant re-rating potential."

"#AAOG: Had a confirmation from company; rig is all set to mob on schedule ie 26 June and will be RNS as soon as it mob. Do expect Rig Mob RNS on 27 or 28 June." https://twitter.com/sadaatumar/status/1009345817885532160

"#UOG We look forward to welcoming all shareholders at our forthcoming AGM at 2:00 pm on 25 June 2018 at 200 The Strand, London WC2R 1DJ A great opportunity to meet the UOG directors in person and to receive an update upon Company strategy to drive forward shareholder value" https://twitter.com/UOGPLC/status/1009033406053838848

"Applying target P/NPV multiples of 1.0x to Avesoro’s operations, we generate a valuation of GBp 347/sh, implying 40% upside to the current share price. Assuming Avesoro extends its recent track record of solid quarterly results, and continues to successfully replace reserves and extend mine life, we believe the stock could rerate closer to an industry standard for premium gold producers of 1.5x P/NAV. If we were to apply a 1.5x multiple versus our current multiple of 1.0x, this would result in a valuation of GBp 556, a 61% increase over the current price target." http://www.hannamandpartners.com/insights/research/

#UOG News Article- “Jamaican authorities upbeat about the results of offshore 3D Seismic surveys”. We are very much looking forward to the results of this work too! m.amsterdamnews.com/news/2018/may/…? https://twitter.com/uogplc/status/1008364647584542721

http://www.valuethemarkets.com/index.php/2018/06/12/union-jack-oil-primed-re-rate-summer-catalysts-approach-ujo