Member Info for Desmond45

Is it worth buying more now or waiting until placing shares hit the market?

More institutions will come on board as the company grows. If you’re that concerned then press the sell button! Anyone else with two eyes and half a brain can see that in the next 12 months this stock is going to grow substantially.

How did Brian fob the question? I thought he answered it very well. Shareholder register has never been better. One major shareholder had exited.

They sounded extremely enthusiastic about the commerciality of the new well!

Production was at 2520 boepd. They now have 22% of ash-3 online which flowed at 4K+ boepd putting production at 3.2k boepd. ASD-1X discovery currently being tested and confirmed as commercial then likely 3.5K boepd net to UOG. Then the development well which is about to spud, 80% CoS - potentially 4K boepd before H2?

Skin Trust Club could be an absolute game changer here. Potential revenues are astronomical! Do the math!

More profit than all these dog oilers like BOIL, MATD, 88E, UKOG put together

Stunning results when considering the wider market conditions, turned a profit during the worst oil market of recent times. Now with recent drilling success and higher oil prices UOG will be making fantastic cash flow. Add onto that the $2.85m from hibiscus and It’s almost hard to fathom such a small market cap!

From the previous posters - that’s what I am saying there is unfounded speculation doing the rounds.

There has been no official RNS / update regarding 400 bopd from chinook ?

This will motor given the new climate targets

Book flipped, breakout starting!

UOG is one of the best stocks going! Been in since 3p and averaged up along the way. Since you’re so interested let’s contrast with 88E

Current production 3200boepd at UOG vs a big fat 0 bopd at 88E
UOG confirmed discovery with another development well spudding - potential 5K boepd by year end.
88E had a power cut and might have a discovery (not) but needs to wait a year to test - does have an oily photograph LOL
Mcap £32 vs £172m
UOG to make more profit in the last month quarter than 88E has in its entire existence.
UOG cash positive - . 88E will be raising imminently

Enjoy the dusters and dilution buddy!

PANR and 88E have now essentially confirmed that the central north slope leases are absolutely rubbish. Whatever happened to several billion barrels of oil at icewine, then at Charlie? Really is one for the gullible this stock

This is a company on track to make £10m PROFIT in 2021 with only a £30m mcap. Absolutely crazy valuation !

Don’t tell me this is legitimately going to finish red after today’s RNS..

People paid 6p for this share only a matter of weeks ago. Material increase in reserves and future revenues. Strong buy.

When the seller finishes (probably the Newlands again) this will explode to 8p

I think the difference is Jof, Armstrong found loads of commercial oil, they didn’t just have a picture of some semi oily looking core.

More red flags than an intermediate ski slope course

People are probably selling because the well is a dud, there’s no oil flow, or cash flow for that matter and we all know what comes next? Why would anyone sit and hold this stock the best part of a year through a certain fund raise, until they can get back out on the ice?