Member Info for gregpeck7

5m owed, that’s receivables balance for oil production. it’s owed to UOG not by them.

Let it grind higher and just focus on the offer here

1,500 boped production
5m owed
1.4m in the bank
Debt free December
ASH 8 Massive gusher
Production doubled this year
ASD3 drilling ahead - could deliver 2,000 boepd gross
Jamiaca could drop anytime - thats company changing...

12m mkt cap

They paid 16m for Egyot and took on 8m debt. Production then was 800 boepd net

Reserves have increased..

How is this trading lower than when they bought it, and under the value they paid.. Oil price was also a lot lower!

Ridiculously cheap here.

Keep buying.

And the huge value disconnect slowly being recognised by the market. Still hugely undervalued, but fully expecting this to grind into the 2p plus range. It should never have got this low.

Jamaica time. Tick tock

https://twitter.com/Gregpeck_07/status/1646028039686348800

Only bought 40k’s worth. Jesus at 55 odd million mkt cap. Get it into UOG if you ever want to see a return on that again. Up 21 percent today as the market wakes up and only 11m cap. The valuation here got, and still is. Ridiculous.

https://twitter.com/Gregpeck_07/status/1645886131446185984

Just read most of your posts and you should get a good feel.

Latest Update. How is that declining production?!

And another well on the way fingers crossed.

Abu Sennan Production Update

United's net oil production from Abu Sennan for Q1 2023 averaged 841 bopd. The exit rate for the quarter was 1,275 bopd oil and 170 boepd gas (1,445 boepd net) which incorporates the material contribution from the ASH-8 well, which has continued to flow at a stable rate with no water-cut since it came onstream on the 16 March 2023.

Maria sale funds the buyback.. Buyback would go if that does not go through. They are cash flow postive!

I can do what I like thanks .

O2 hoping thats you loading up...

Blaim thrower, the market sets their capitalisation - not me. I can only comment on it based on facts.

The fact the other stocks I talk about also carry heavy debt in many cases makes it all the more insane.

All I am doing is commenting on relative valuation.

The market IMO has this one significantly wrong. At 3p this would not even be 20m.. That is how cheap this is.

Added a few more today UOGers.

This is just the start.

o2 - hope you get a good price buddy...

I think this dip is ending now personally but just IMO.

GP

BOIL, VRS, PRED - all known for dilutions, fund raises, fairy tales...

Just because you "invest" in these failing companies - UOG is no BOIL

How on earth BOIL is worth 25m is beyond me though...

Now there is a placing machine.

You do realise the bracketed figure you quote is 2021 ROFL

Jesus this is bad...

Take a look at the presentation on the website try and get your head around it as its Jan 2023.

Since then production has doubled. More receivables have been applied and more debt is gone.

But I feel like you have no idea what you are talking about.

https://www.uogplc.com/investors/presentations/

Have you looked at the financials here?

No raise in 3 years.
5m Due in receivables
Net cash positive
Debt free in just over 6 months
Production just doubled
Oil price surging towards 90USD

Its getting a lot of interest because its finally been spotted. And its VERY cheap.

Jamaica expressions of interest have got weeks left.. Then that could be add a zero to the first digit of the share price...

Ignore the share price, its the mkt cap to follow.

THIS IS STILL 10m at these prices, that is WAY TOO LOW.

Thats all you need to focus on.

People finally waking up to this bargain.

GP.

Next leg up starting everyone. Remember this is still not even 10m cap. We can double from here and still be very cheap. That’s the beauty.

UOG finally getting eyeballs and volume and that’s all it needs. The story sells itself.

Hold for gold!

https://twitter.com/Gregpeck_07/status/1645475704035737615

I’m getting about 16m quid from 85 dollar oil after all taxes paid and production costs accounted for.

Out of this is going to come capex. UOG share is usually around 1.2m per well. I’m thinking ash may be around 900k as it’s described as significantly under budget.

We will hear about ASD 3 next month. If that comes in anything above 1,000 boepd gross I’ll be happy. That should at least hold us steady and potentially start pushing us slowly back towards 2,000 boepd which would be awesome.

I think 1,500 to 2.000 boepd is gonna be roughly where we find this field long term. At which point it will be fully paid for.

Once we factor in other costs such as a potential 3rd or 4th well in h2 we could be looking at around 4.5m capex for the year for new wells. Then we have the workovers but they are significantly less.

Then after the debt payments we are potentially left with 3 to 5m and a fully paid off asset.

All in all things are really starting to turn up.

And that Jamaica news could drop literally anytime.

Maria payment could drop anytime.

Share buy back.

Loads of stuff coming up this really is a busy period.