focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The Minister further informed that UOG has now commenced its global marketing campaign to attract an investor to commit to funding the drilling of an exploration well before January 2022 and executing that well by January 2024.
The cost of such an exploratory well is estimated to range between US$30 million and US$40 million.
H1 will be good
H2 starts with oil up 2% today and above $75
Mc wont lag for long
$5.77 cost per BOO
so just Egypt EBITDA looking good
Profit down to accountants
https://www.uogplc.com/wp-content/uploads/2021/04/United-FY-2020-Results.pdf
Brent oil was quoted at USD75.16 a barrel early Tuesday in London, up from USD74.21 late Monday.
"Oil prices rallied powerfully once again overnight, as the election of a new hard-line president in Iran reduced the possibility of a nuclear agreement and Iranian sanctions would ease," OANDA analyst Jeffrey Halley explained.
Yep ive done the same maths
So keep buying at this price
Expect news this week
Will easily fund from cash flow now oil well above $70
Interesting if the raise is over subscribed or not
If yes then could increase interest in UOG?
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02385837-6A1037296?access_token=83ff96335c2d45a094df02a206a39ff4
$10M of which $2.5 for selva first gas Q2 22 which will be cash generating in 2022
This morning
Expecting good news soon
First of many
Brent above $72 helps
https://www.gemdiamonds.com/news-article.php?articleID=10807
Dividend will be paid in a couple of weeks
500x$20[min] x 365 = rising SP ?
If I sell now SP will jump to 80p+
Always happens
Happy to sit tight for 12 months this time may add too
If you look at jay bse or kmr you will see the investment needed to set up ilmenite production
A stand alone will give focus graphite will i believe come first
Other will want a slice alba is 100 % owner so will benefit in cash from the ipo