Member Info for gregpeck7

Last chance for under 1.35 it looks like

Interest is returning...

Yes they own 100% of the license. If they get a deal I imagine they will cease to be operator and give up a very large amount for a free carry - my guess.

https://twitter.com/Gregpeck_07/status/1633811899799199744

Retweet this and lets start raising the UOG profile. If Echo can do 40% in a day this can too.

No interests in the US although Jamiaca is most likely to attract US interest (IMO)

I think there is tops another million then they are literally dry...

Been a lot of dumping and churn around 1p and its starting to strengthen now. Personally think this gaps back up to 2p plus pretty easy...

Cannot believe you can get almost a million shares now for 10k

Jono - ill take that...

And my summary - which you seemed to jump on - it was briefly written and I dont think its overall misleading at all.. I would say it is a good summary

UOG HAS ISSUES

But for 7m mkt cap they are being vastly over compensated for in terms of the valuation (IMO)

I see this as a 15 to 25m type cap play...

GP

Vista - ASH 4 was a step out - it dissapointed but it was not into the primary area, it was aimed at a resource increase primarily and the hope was the reservoir would perform with similar drive - it didnt.

ASH 8 is into the meat of the accumulation. The follow up well is also a dev well and into a strong producing res...

Personally im hoping for over 2,000 boepd gross, which I dont think is rampy ,but it would please me greatly if we came in somewhere around that number

Here you go

FormerFD was never a "mate of mine" Ive been on LSE for probably almost a decade. And I dont need "mates"

You just cannot help yourself.

And you know as well as I do - he was 100% not my "mate".

Percy - its worth looking at Jono's profile an the general posts he makes, not just on this board - He has a very strong agenda...

Here is one he has made on HARL today...

He is no angel... but likes to be coveted and stroked frequently.

"Blair is completely right the director buys are pitiful, think they are the jokers.

Better to filter the dog, he'll be returned to his kennel shortly once the seller has offloaded to all you guys."

And jono is deffo in that 99%!!!

Time to go long here..

If Echo is waking up then we all know what it "can" do....

CL update would be the big thing for me.

So lets summarise for the newbs..

Almost debt free (November 2023 they will be) - that means they have fully paid off their 16m USD acquisition without coming back to the market in over 3 years.
Production should hopefully be around 1000boepd net assuming some sort of decent lift from ASH8
Receivables are around 5m USD
They have cash in the bank
Jamaica could land at any time - may not land - but it might
Likely to be another buys year drilling in Egypt
Potential for a spectacular work over success as they are all underway
Maria sold in binding agreement with Quatro

7m quid is the mkt cap.

That is RIDICULOUS

Boil - 30m they have nothing - for example. Jamaica is much better than Chudditch (on potential)

If you can find a better 7m mkt cap oiler - let me know.

Multiple buys to get the best price...

And not a step out well.

You can feel a bit more positivity, its all about the mkt cap and 7m is way too low. semi decent results on ash here and I think this is back over 2p

Read the results here as a read across to ASOS and BOO. Ended up buying 50,000. No idea why this is falling. Clearly a strongly recovering business with a low mkt cap.

What’s ridiculous RNS today. Basically no update. What a sham this company is.

Why they pushed that out after the market closed.

Not sure this part is well known or understood…

"The financial statements have been prepared on the going concern basis, which depends on the group and company's ability to raise further financing to cover its ongoing working capital requirements. These conditions, along with other matters explained in note 3.3 to the financial statements, indicate the existence of a material uncertainty which may cast a significant doubt about the group and company's ability to continue as a going concern."