Member Info for chinch

Interest". "The oil price volatility, coupled with the significant appreciation in the Afentra share price between initial outreach and the proposal deadline caused a number of parties to withdraw from the process. Ultimately a number of actionable proposals were received and considered by the board

This says to me that the Companies looking at buying thought it didn’t offer value which is a bit worrying. Also average bopd down in first quarter from last year.

Not deramping and I hold but always need to look at both sides of the coin.

Far too early for a dividend. Best reduce debt first or reinvest to grow.

I’m sure our lovely Government will want to increase the EPL. They can’t have Companies making money. It was mentioned in the HOC today.

For those complaining about the drop in the SP today all I would say is look to the long term. Every metric is up and fully expect this to rise sooner rather than later.

Read the timeline on the Company website.

Why don’t you ask yourself why, after 6 long years, is that there is now action on Jamaica? Surely if it was a golden nugget they would have started work on it years ago? Brian Larkin has spun this out as much as he can. It’s the same with Egypt - always someone else’s fault never his. I’m invested in small caps oilers such as Afentra and Serica and retired at 52 on the back of these investments. If you compare these 2 companies compared to UOG they are miles apart. The only people I feel sorry for is the Jamaican Government who have been sold a pup.

Good luck in still supporting UOG.

I have to disagree with you Shirts. There are many dangers in investing in small caps such as poor and incompetent management, lack of funds, poor decision making amongst them. With these in mind that’s what makes UOG a basket case. The raises, and no doubt more to come, are keeping Brian in a job. For his salary what does he do all day?

They’re only doing Jamaica because they have nothing else. Brian keeps earning his money thanks to all the people that have contributed in the raises.

Good luck with that one, 8 years having a licence and all of a sudden a bit of urgency, why, simple because BL wants his pay cheque to continue for as long as possible….

So BL issues another raise to further dilute and make sure he still earns a salary. Nice one.

When I worked as a commercial insurance broker for 30 years, Aviva were always head and shoulders better than all other Insurers. I met Amanda, very down to earth, interested in what I did and very very sharp. Every Company she’s worked for she’s been success. Good products, well run with a strong board of directors and an increase in both the SP and div. What’s not to like?

In Amanda we trust

They’ve only had the Jamaica licence for 8 years so yes patience is well and truly required. Raise in July probably to keep paying the 2 directors…..

A raise so that Management keep getting paid. You are being taken for mugs….

The only person that will be happy here is Brian Larkin. The placing has guaranteed his wages are covered for another period of time and I bet he’s delighted about this. If you look through previous interviews, presentations etc. he just says the same thing over and over again. Tries to put a positive spin on this but always coming up with nothing. If the prospect was that great all oilers would be falling over themselves but they’re not and that tells you everything you need to know.

How would you ever grow a business then? Stupid comment.

You can’t say that - million won’t make his first million!

There you go million, another misinformed investor. My point entirely.

million. i am invested here so that’s your first mistake. secondly, this is a bulletin board and i like anyone else on here is well entitled to an opinion. you may or may not agree with my opinion and that of anyone else’s. whatever you do is up to you but i’m merely laying down the facts for either people invested here or potentially want more info.

if i were you i’d shut the **** up. numpty.

There is a difference between a ramper and someone with a positive message. A ramper will put money into a poor quality share/company, invest, talk a load of rubbish and then hope the herd arrive to make a quick buck. A positive message is almost certainly one that can comment on a piece of news - probably a RNS. What you have to decide which of these is currently happening?

The farm out has been going on for 10 years, no production, dilution, raises. Can’t really see any positive news in all this. All investors are doing is paying wages to BL and other admin expenses. If you can’t see it then you shouldn’t be investing. There are enough red flags to tell you that this going down the tubes, only question is when….

Where have all the rampers gone?