Member Info for gregpeck7

Jono does not look at the receivables balance clearly. Which they hope will be caught up in 6 months

Great post loadsamonnee

Jono's taken a week but he is back..

Lets celebrate his return by cracking 1.5p

He cant see the value here, but everyone else can see the tremendous opportunity. Thats fine.

To use this cash to start drilling some new basins and opps. ASAP.

KRG is just a time bomb IMO.

This AM, delayed buy showing.

Time to load up!

And here come the buys.

Poor little blaimthrower.

Before you take what he says seriously

Make sure you read this tweet - and remember he said I was lying. He said he did not say this

See the evidence.

https://twitter.com/gregpeck_07/status/1643730240085131268?s=46&t=TQornMNuOg_nLV_WaIg5FQ

Agree. And now admitting he got all of the numbers wrong last night. The guys a lunatic. And does not hold but pops back up here like a bad smell ..

Like I say. It’s fomo and he’s jealous.

https://twitter.com/gregpeck_07/status/1643861045310550018?s=46&t=TQornMNuOg_nLV_WaIg5FQ

I’ll let you working few things out now… nice deflection tactics. But just to again help your brain cell. 80 percent means 1 in 5 don’t work. 2021 all the wells came in , 2022 some did not. But that’s a pretty good working average.

When you are a bit bigger we can talk about development and exploration wells. And how the chances there are different but that may be difficult currently.

Ash 8.l, the last well drilled, Which you choose not to mention ( shock ) probably has paid back already.

But nice to see you blaimthrower. You were, and clearly still are an idiot. But at least you admit that yourself by way of stating, you are not very intelligent.

And no offence.

But it does show.

The self confessed bit very intelligent person

So next they bought Egypt.

Production is higher
Oil price is higher
Reserves are higher

All in all not bad!

But according to blaimthrower. This is not good.

Just stop the lies and the nonsense .

Taken from the announcement of the acquisition

Brian Larkin CEO, United Oil and Gas PLC:

Today's announcement is further proof of the quality of the assets that United has agreed to acquire. Abu Sennan has a historic drilling success rate of over 80% and rising. Over the last year production at the licence has gone from just over 800 boepd to 1100 boepd net as a result of the successful four well development drilling campaign.

each producing well on Abu Sennan licence pays back in under 6 months.

How on earth is that a poor result?!

What are you on? Yes plateau production is probably around 2,000 boepd net to UOG, that’s around 8,000 boepd for the field. That’s fine.

That’s about 15 million FCF a year at current prices.

UOG is worth 9m.

You talk like it’s a major.

Once we hit Nov / dec 200k per month of debt repayment stops.

We are literally going to be throwing off cash.

I really don’t know what you expect from a 9m company. Every stock has its issues but you have to form a relative valuation and be sensible. You can be Jono and make a bear case and if this were worth 30m plus I might listen. But it’s not.

You are just a bitter ex shareholder . And as I said. You know that.

So again. Mr numpty.

And seriously are you going for amoeba of the year.

Please name an oil field anywhere in the world. That if you don’t drill new wells then production declines.

I mean come on is that really a serious post?

Yes and they’re the point dear boy. When they agree the price it was 1,100. Finally we get there.

Not 1,700 as you said.

It does not matter what happened after the deal was signed as it was binding

Rockhopper were desperate for the cash and UOG did get a bargain.

So before you start spouting off next time just check your facts as the rocket is watching.

I know you will never put a positive word in here. It’s probably why you’re back. Seeing it head back up is annoying you.

You know I’m right.

Let the crowd decide.

:-)

https://twitter.com/gregpeck_07/status/1643730240085131268?s=46&t=RFmjwzSLYiQ_n5V6BN837g

I’ve cut and pasted it for you.

I'm not highly intelligent by any means.

When UOG agreed the price for AS it was doing about 5,000 boepd. The price was agreed and binding contracts were signed.

Ash 2 then comes online at 3,000 boepd and increase the licence by almost 100 percent. Had it been there a few months before the price would not have been 16m.

You really have no idea. It was a hugely material well. But when they bought and paid for AS it did not exist. It simply came along during the purchase process. A but like buying a house. You agree a price but it can be half a year till you move in.

As you rightly say.

You are not very intelligent.

Your exact words. And well done for being brutally honest with us all.

Note how it says since Ash 2. Terms were signed when it had not spudded.

‘ I'm not highly intelligent by any means. ‘

07/12/2022

100 percent agree.