Member Info for gregpeck7

Gonna be interesting what happens when the bell goes.

Has put a fire under the SP.

Things clearly moving ahead quickly now. Ash 4 flow rates anytime from tomorrow onwards I would say , although I favour next week.

3p will be seen this week I’m sure. Very exciting time to be getting into these and I expect there will be a rush for stock on the open.

Imo. Still only about 14m mkt cap which is absolute peanuts at that level so plenty of time for people to get onboard. I think we should be between 30 and 50 with what’s going on now discounting any future good news.

https://www.share-talk.co.uk/announcements/rns/united-oil-gas-plc/investor-presentation/202211021630011223F

Ive had a reply already Jim.

Rift, I would expect they are pretty much starting to test the well now. Still think results next week not this week. But when that 64/64 choke is on and they go full pelt. If it’s pushing over 5,000 boepd that’s gonna get out :-)

It’s coming this quarter. Been told it’s on schedule. That’s what they will use to drive the commerisation discussion. I think once it lands things will move quickly.

Nothing will happen on Maria until they have the CPR.

I wonder if that well has started gushing?!

Wont be posting here in full but this is the part on the CPR

On Maria the CPR has commenced as planned, and once completed, we will then be in a position to asses the commercialisation opportunities

I have pressed my feelings hard that this needs to be completed ASAP to maximise the current favourable tax regime.

https://twitter.com/OilExpert7/status/1587755004441542656

Good find.

Sent them an email today with some suggestions and said basically, can they get on with some drilling outside of Iraq. Ive never been happy that so far the best they can come up with is Somalia land!

Running out of trading days before we hear the results of our first of 2 high impact wells. ASH 4. Ill be VERY happy with gross over 2000 boepd, that puts UOG back onto 2,000 boepd. Anything more would be insane.

Oil price heading higher, close to 100 again.

It does appear the market is slowly waking up to this one, but we are in the know so fill your boots now.

almost half of its market cap is in the bank!

Throw in the fact that Egypt is almost paid for - with reserves uplift likely next year...

I can see 3p by Monday

GP

ASH 4 is going to be some degree of good. Hopefully its blow the doors off good but anything over 2,000 boepd stable is going to be huge for UOG.

If they can then follow up with ASW-1X, and also get something going on Maria, at the very least keep to Q4 CPR, then momentum is really building. Throw in the Jamaica wildcard which can land at literally any moment.. Although how likely that is I do not know, you have a really exciting situation and a total turnaround...

We also know we will soon know next years drilling plans as the rig will need to be booked, I expect they may be revising it based on ASH4

GP

So whats gonna happen next year..

Lets take the golden case of ASW-1X coming in as well.

Assuming at least 5 more wells

Well 1 - another well on ASH based on the improved seismic and the fact these wells payout big and fast. Maximise the current high price environment

Well 2 - Development well on one of the other prospects

Well 3 - Development well on ASW-1X area

Well 4 - Exploration

Well 5 - Exploration

I think we could be looking at over 3,000 - 4000 boepd this time next year, and if ASW-1X there would be a clear case for 2 rigs for a time and really hammering a few wells into the ASW-1X prospect.

I think we have seen the low point in Egypt, now its the upside

And remember Dec next year its fully paid off.

THEY PAID 16m USD FOR EGYPT!!!

And the Share price is lower than when they bought it (3p)

This is BONKERS.

Keep buying.

That as well ;-)

Share price went from 2p to 6p. Prob max 1 week to results. Load up time . Be ahead of the pack.

Huge well a result on the way next week in all likelihood. Suspect trading will increase as we approach Friday now.

Then we drill the biggest exploration well in UOG history

Maria CPR delivered this quarter

Jamaica could drop at any time

Oil over 90 usd and a weak pound.

Is there a better time to be buying and mkt cap around 10m with 5m cash in the bank.

So basically valuing the company from an enterprise perspective at 5m.

Crazy. Keep buying.

And share price lower!

almost 5m in the bank, 10m mkt cap.

This will be the next small cap to double IMO.