focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
They haven't been quiet about the hisbuscus payment. It clearly says in the previous RNS it will be paid before year end, its not year end yet. UOG market cap now is very low, now the bad news on production is out the sp more than reflects that. Now its time to build on that starting with the extra production from workovers and moving onto the next drill. If the next drill comes in that's got a good chance of 50% then it's a massive boost for production. Then possibly 6 more drills next year...sentiment can soon change and im sure it will. Jamaica news would be a game-changer, Maria news also...lots of positive points that could change things dramatically. I'm not saying things are perfect right now but this could be a good buying opportunity in my opinion.
I firmly believe a partner will be announced soon regarding Jamaica. Brian has said for some time now that he can't say much as confidentiality agreements are in place. Yes it will take some time before any oil comes out the ground but a partnership could be announced much sooner. Like O2B says its a drop in the ocean investment for a big fish like BP, or even HBR wanting to invest in new areas to reduce there windfall tax exposure.
The next drill spudding soon is huge & its with a high chance of success compared to other exploration drills...the talk of 6 drills next year & even 2 rigs should boost production nicely. Get in early is what I say :))