Member Info for gregpeck7

Added some more here today.

Even for me at 3.27 to buy (which is what I paid for this batch) there is so much upside.

6p is now almost 100% gain here, which I am prepared to say is nuts with my BOD valuation discount built in.

Will add more as and when I can.

Looks to me like this is going to reverse soon though.

GP

TBH UOG have a much lower share price and market cap and much greater production, some of the estimates here were just stupid.

Also could do with buying some shares!

To be "fair" and taking certain events and pushing them to one side, try and find any O+G sub 50m player that has experienced a really stellar last 6 months.

For me the sector as a whole is due a big upswing..... There are lots of bargains out there.

I may add a small amount more tomorrow.

Personally I expect this will rerate strongly in time. It won’t be a grind it will be quick. The chart says that anyhow. When it comes though who knows.

Brian should be buying shares tbh but we all know that won’t happen.

If any of you actually listen to the results call...

You will find the answers there. In terms of a placing my read of what the BOD message was they are building a mid cap and they are looking after shareholders. Equity was seen as not required.

The exact phrase was something like they would not raise equity for any asset in the excising portfolio.

Clearly that would include Jamaica.

If they are looking to buy something over 12 - 15m USD they may need an equity element but you are talking about a much larger pie...

I would suspect nothing happens for another 6 months and they have their eye on something. They will let cash just build.

Re ‘personal attacks on the ceo’

I would say I have commented on actions he has taken and my view on those. I have not commented on anything outside of UOG rns releases.

Again having an opinion on an I individuals behaviour is not a crime last time I checked. And as a part owner of the company. I am well within my rights.

If you have a post where I have expressed an opinion that does not relate to UOG activity, please enlighten me.

Personal attacks? He is the ceo I have commented on his activities. That is hardly ‘market manipulation’ based on the fact that uog has been trending downwards for circa 6 months, the only way to ‘make money’ would have been to have held a short position ( which I am under no obligation to disclose here ) but for the record I have never had a short position. I still hold some uog stock and I have lost money here. So all in all.. it’s not exactly great ‘market manipulation’

Have any of you even looked at what has gone on with BUR?

They are lawyers and have alleged market manipulation against muddy waters … and have you noticed how quiet that has gone.. and they have evidence ( they say ) of trade layering etc etc.

Look at the volume here. It’s a small cap stock. It’s not on many radars so you ain’t going to be investing here unless you are a teeny weeny bit market savvy.

If you choose to use lse as your ‘research’ tool then as far as I am concerned that is up to you. But just look at some of the stuff that makes this thread look like play time ( have you seen the mtro thread for example on advfn?! )

What you see here is genuine frustration and well reasoned critical analysis of the company behaviour. If you don’t want that stick to an ltd! Don’t have a plc with shareholders!

It is still legal to have and share positive and negative opinions. People here clearly have very strong views that contradict the negative sentiment and that’s fine.. is that market manipulation? Did I buy in originally because I was being manipulated by overly optimistic posts here?!

Hopefully some people here with brains will see how ridiculous this all sounds

I think you will find there has already been a case that was taken to court around some of the antics on advfn.

Another said: "I do not believe any of [another poster's] posts have been defamatory and Nigel Smith has behaved in an appalling manner. NS has discredited himself by his own actions".

Mr Justice Eady said that these comments were likely to be protected as fair comment, which means that they cannot count as defamation as long as they are posted without malice and represent the poster's honest views.

"I referred to common themes in the postings, such as that of 'bullying' other users and making 'threatening demands' for money. That is classic fair comment territory and, in the light of the modern authorities, it is inconceivable that a jury would find any of those who expressed such a view 'malicious' – let alone all of them," he said. "Opinions may be expressed in exaggerated and strident terms; the only requirement is that they be honestly held. It is fanciful to suppose that any of these people did not believe what they were saying. Even if they reached their conclusions in haste, or on incomplete information, or irrationally, the defence would still avail them."

You guys are acting like this board is some sort of financial advisor. It’s a discussion board. Take a look at some of the stuff going on any number of boards rofl.

It is a place to air and share views. You would not come to lse and solely base your investment decisions on what people are saying on a public chat board! Also there is the ability to report posts here if you think some of them are so ‘wild’ but I don’t see many getting removed…

Look at the point the share price decline kicked in. Oh it exactly coincides with the board dumping free warrants on the market! But oh no. That’s not what’s caused the fall. It’s them peel hunt employees!

Do you have any idea how ridiculous some of this sounds!

If you look at my posts on UOG please show me one that is. It factual.

‘ We need to get to you early to warn you of the error of your ways.’

Good form.

Put a threat in a public forum.

You couldn’t make up some of the posts here ??

Be Goldman Sachs next. These peel hunt operatives… rofl.

Genl shares are hardly motoring.. but that’s more to do with qara Dagh result pending and Kurdistan payments. But Genel is a ftse350 stock (ftse not aim) and it pays a dividend so rewards shareholders that way, and it is at a completely different point of development. But feel free to post over there. I would welcome it if that’s what you want to do.

I have been banging that drum for some time cta. Brian is a total ‘insert word here’ for his actions around the warrants. The arguments are well rehearsed and we all know them. I won’t go over them again now. But I am very tempted to publically take him to task on the next investor call regardless if the topic has been brought up prior and nail his ass for that.

It was a massive, huge line that he crossed and he should at least acknowledge that.

Pay rise or free shares.

Both just looks like the snout in the trough. And let’s face it. That’s exactly what it is.

Now I am not trying to be provocative here but the investor base needs to make sure the bod feel heat. This is a Plc, not Brian’s toy.

That said the drill result today was excellent to go on top of a series of excellent results and I do agree with his general narrative that it’s a company making license.

He just needs to tread the right line now investor confidence wise for shareholders

Really he should be buying shares on the open market. But as he is allegedly pot less that ain’t gonna happen ( despite his massive salary)

Myfirstmillion. If you look at the 3 year chart you will see this is at the bottom now of a rising channel. So you never know you might get your wish.

I find the psc very difficult to work out what is being given at any one time but those figures seem broadly correct for boepd net ‘net’ to uog. Looks like around 4,000 ‘net’ end of year could be coming uogs way.

For the keener eye bite Brian’s comments around the next well. It is expected to be the last in 2021. Not it will be.

Personally if they have any sense they will be lining up a second rig for the next campaign and start drilling at double the rate. That’s where the focus should be for shareholders.

Decent result to be fair. It’s not producing from the actual target horizon and it’s in contact with a decent amount of pay so should sustain those rates reported. Overall a good save there. Does that put UOG on circa 3200 boepd net?

You have to tip the hat to ac. He puts his own skin into the game and that counts.

Third line from bottom should be Jamaica btw ! Lol.

So my first million. First of all you brought up zen. I have not mentioned it on this board, but as you have yes very nice performance, up 50 percent in the last few weeks. A nice play.

In terms of ‘what qualifications do I have’

What do you have?

This is a discussion board.. legally it’s pretty much on a par with a discussion down the pub. So maybe bear that in mind.

In terms of your more general point around Jamaica. It’s just an opinion. Personally I think they are way out of their depth. They picked up that license at a time when things were changing but they have well and truly moved on.

Just look at the prospect as well. It’s up to 2.4bn barrels but there are a lot of prospects to drill, that’s a hell of a lot of semi submersible activity, FPSO, tie backs, a govt with no existing oil infrastructure. It’s just not attractive in my eyes. Clearly the board will want to make something of it but for me it’s just throwing money away. They will probably end up spending over a million usd on Jamaica for nothing. That’s a deviated well in Egypt.

They need to be raising their sights but Jamaica is just too far. They are not a credible partner and it’s way above any of their comfort levels. Yea they might get lucky but that’s what it will be. Lucky.

I would suggest they put that cash into the war chest and go after another low volume licence with opportunity to scale in a proven basin where it’s too small for the big boys but great for uog. That’s where I see them.

And that is not supposed to be derogatory just common sense.

Egypt for me is a wombat project

Waste of money brains and time.

Hope that’s clear.