Member Info for chinch

Lucky,

For me Egypt has always been a side show to keep the business running for then Jamacia to hit. With the rapid declines in production and oil price falling then every day this becomes less attractive and less profitable.

Following the now disastrous Rns revealed recently BL and UOG are now in a whole heap of trouble. Maria was a disaster -picking a partner that had no money. Board members leaving - cfo and coo maybe they could see that Jamacia would never work?

To now go back to previous respondents for Jamacia, indeed if there are any, conveys a seriously weak position. What is the problem with the potential drill??? Any sensible new company will want to know and I bet the answer will be that they will decline to take part as well. There must be a serious issue otherwise if it was only say £10 or £15m to rectify then it would have been sorted.

The Jamaican Government are desperate to be independent and be a republic. They will of course be extremely unhappy with the latest events which then of course will put the licence in big jeopardy. I bet they will revoke the licence and discuss with oilers directly.

I’m afraid UOG is nearing the end. Egypt will not pay its way, nothing else to look forward to so can see UOG close unless there is a miracle on Jamacia which I can’t see.

Thanks BL for spouting absolute rubbish…..

Always been a punt play for me and not cost me anything but you have to question whether BL is any good at his job as his decisions look nothing short of incompetent.

Pity our sp is not responding if it’s that good a deal…..

And we are up 2 %………

Easy one. Wherever she goes follow the money.

In Amanda we trust. As an ex- insurance broker Aviva were easily the best Insurer to deal with.

How can I be fixated on placing when it was you that was constantly posting this view.

Tbf - I’m not surprised your posts are being deleted - most are a load of rubbish and full of theories. I could understand it if you held here but you don’t - so why waste time posting? Obviously got too much time on your hands….

Jonno said “not good news is it” yet somehow the sp has increased by 13 %. Can wait for the good news……

Ameen,

What posters on here, like you have pointed out, is the constant deramping from Jonno. I wasn’t surprised if 1 of his posts had been deleted for the amount of misinformation he has been spewing out to this board. So to all people who contribute or read this board, let me remind you of the misinformation that Jonnomhas provided:

1) he talks constantly of having to raise funds and this goes back as far as June. However, we are now 5 months on and STILL there is no talk of a raise.

2) He came up with the theory that Quattro were going to buy another licence and ditch Maria. Again completely untrue as Quattro had no money.

Now onto the RNS. It’s good that a farm out partner has been identified and would expect them to do the work not UOG. If I was the farm out I would want to ensure that there is a strong prospect of a drill success than not otherwise it becomes an expensive failure. The fact that work has been done (albeit 2 years ago) I would not see this as a negative, why would you? I’m sure that the Jamaican Government will support an extension if they believe the farm out will go ahead. This is potentially game changing to the country and will speed up their wish to be a Republic and support loads of jobs and expand their economy.

With Egypt, this has always, and in my view, a side show to keep the business going. Jamacia has always been the jewel in the crown.

So, and therefore, please everyone think twice what Jonno comes out with as I’m sure he does not hold any shares in UOG, got burnt and lost money and therefore wants it to fail.

Only saving grace is that it shouldn’t cost hardly anything

Absolutely - forget Egypt that just keeps head above water it’s Maria and Jamacia are the game changers.

If you don’t believe in the management, Maria or Jamacia you shouldn’t be invested here.

Well put and recommended

Not all oilers sp has increased because the oil,price has increased so that’s a bit of a myth.

Whilst we are always going to see negative posters when the sp goes down and vice versa, I’m really not bothered. I bet most posters and investors are waiting for news on Maria and even more importantly Jamacia. I’ve always said it’s a punt play - it may come off, it might not but if it does the SP will be significantly higher than it is today.

I invested my profits in SQZ ( bought at 20p) and then traded this so it’s now a free play so owes me nothing.

Let’s see how this plays out - good or bad……

Do your own research and stop being lazy. Buying shares should be your decision and not having to rely on others….

Why has he not sold his shares if he didn’t think it would happen?

Totally agree. Stock market hasn’t moved for years and foreign companies know they will pick up a bargain

In Amanda we trust - been saying this for ages.

Follow the money and wherever she goes……

Jono

I’m not sure if the penny is dropping for you but JL has left, but and importantly, is still working as a consultant. You seem to think that he has left all together which is simply not true and please do not mislead people who view this board.

I still don’t think that you understand the financials because as far as I can see you have been saying that UOG will need to raise funds as far back as 4 months ago. Yes, that’s 4 months and has UOG done a raise - NO. There are a lot of ways to raise money but you seem fixated on a share issue which seems to me that you have an inflexible attitude or do not understand Company Finance. Either way if I were you I wouldn’t be investing too much if you don’t understand how Companies operate.

I’ve often said that you are a glass half full person and all your posts are continually negative without looking at what could be game changing. Every bit of news out is just continuously deramped.

When posting again, why not look at an overall view instead of being so negative???

Jonno,

Jonathon Leather went of his own accord according to BL, but, and importantly, is still being retained as a consultant. You say not the right message to send to the market but I disagree. The worst message would have been to retain all staff, no wage reduction and initiate a placing to raise cash. Now raising cash via placement would be the worst possible outcome to the market and shareholders so no one wins.

BL said again no raise which to be fair he has keep saying and kept his word.

This, as any informed s/h (or non s/h) will know is coming down to Maria and Jamacia. Get these sorted and the sp will increase significantly. Failure of Jamacia will put this company at risk. It’s a punt play.

On Jamacia, I wonder if BP are involved - would make sense as they operate in Mexico and isn’t that who we have our loan with? All speculation.

Hopefully very soon we should all know.

Newlands selling as certainly damaged the sp, why they have sold is maybe that they are not confident in Jamacia going ahead?

Loads and Jono,

Don’t think that the rns will provide the positive news that is required.

On Jamaica I expect BL to say that negotiations are ongoing. He can’t say anything as I’m sure if there was an interested party they wouldn’t want the market to know unless there is a firm commitment.

On María I’m surprised that there has not been any news on this as surely there would have had to be an rns now the date has expired.

Egypt will show a decline and BL might even say that drilling has stopped until Maria/Jamacia come off.

Overall, expecting a downbeat rns but more than happy if I’m wrong.

As this is an aim share I’m sure with those large sells that somebody knows something as why sell? Let’s have a tr-1 to confirm.