The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
BL your right best to ignore FD, here today gone tomorrow pointless ramper.
02 I think current daily production might be a lot less than the 1478 boepd that is in the report.
Now I may be wrong but here's my theory, which of course maybe wrong and maybe someone may reply with a valid reason why it's wrong. One of the reasons for this bb is for reasonable debate between posters about uog for the benefit of themselves as well as others.
So in H1, around 181 days of average production of 1552 boepd would give a total of
280,912 boe over 181 days.
So up to 31/8/22 around 243 days of Average production of 1478 boepd would give a total of
359,154 boe over 243 days.
So for the 62 days since end of H1 United produced 359,154 minus 280,912 to give a grand total of 78,242 boe.
So the average production over the last 2 months is
74,242÷ 62 to give 1262 boepd ?.
Is the current production around 1262 boepd
Any thoughts ?
OK let's make it as simple as possible for you to understand.
The webcast was yesterday, ok.
I never noticed the production statement on page 11 of the report until today, ok, still with me, good.
So unless I am in possession of a time machine I couldn't possibly ask the board the question.
Bet you still don't get it!
Waiting on counter argument, over to you.
What I said was best ignored, where you got cancelled from beats me.
Maybe you should read posts properly.
And the best ignored was directed to genuine investors, I would put you on 'filter'.
Still no counter argument.
I'll explain later the significance and as simple as possible just for you.
"Haven't got a time machine as I only just noticed it"
Do you understand what I meant when I said that, obviously not.
But let's not bother asking the bod, just you give your counterargument, oh forgot you don't have a counterargument because you can't work out the significance of
Average production to 31/08/22
1,478 boepd net.
Haven't got a time machine as I only just noticed it and it's obvious you don't have a clue about the significance.
Pointless ramper who hasn't done proper research, will never try and put forward a counterargument and as a result can only resort to insults, best ignored.
Usual from BL
Dunne still won't acknowledge that the cash balance is because of the $3.8m from the divestments and without it the balance would be a different story.
Also sums don't add up on page 6 bar chart, 100k missing, maybe Brian got himself an executive suite at Old Trafford, just kidding but not about the missing 100k.
Leather repeated story that the reason for dropping FY production guidance was down to rescheduling of the drilling order but never stated it at the time but waited until we had 2 failed wells.
Jamaica and Maria progressing except that Maria's cpr has been 'rescheduled ' to end of year!
But good that they went to Jamaica, hope they had good weather.
Next news might be Q3 update.
Expect this in 2nd half of October but they might delay it until result of Ash -4 but rather it was a standalone rns so we get a clearer picture of production.
Always waiting on good news to bolster production and hopefully Ash-4 might be the one.
Directors remuneration
2021:
Simon Potter $474,000
Eytan Uliel $591,000
2020
Simon Potter $1,253,000
Potter has still not resigned!
For obvious reasons.
Report from Eytan written just like Starchild's post's.
I and a few others continually contradicted the misleading advice so expertly professed by Starchild.
For which we received a lot of personal abuse from him and his disciples who have since disappeared along with their master.
I sometimes wondered if Starchild, with his excellent command of the English language and obvious talent for storytelling, had ever written a book!
I know Eytan has.
How many investors got taken in by his clever posts and how much did they lose, I shudder to think.
But challenging him was not difficult, unpleasant at times with the abuse that came with the replies but worth it.
Eoa and pillec and others are complete amateurs when compared to Starlies.
Treasures, your right as they did say Q3/Q4 in june update but think it was originally Q3, but now no Q3 mentioned so it is slipping and probably no decision on it for a while.
Don't think it does include the $1m from Hibiscus because they state the remainder is due before end of year so they haven't got it yet.
Wondering if they haven't paid all of this months bills yet and of course Brian's wages and once they do it might look different.
Just don't understand why they would throw that statement in, strange!
Yep got to agree cash position is good but only because of the divestments and not Egypt.
Did find it strange to state in rns that cash balance was $4.7m on 23rd September, last Friday, and wonder why they did that. Makes me think it was only to make it look good and wonder if it will look as good next week!
As for jamaica isn't it just the same story and how do you know the 'quality ' of the interested parties, have they stated who is interested.
Maria report has been pushed back to Q4 from Q3, never a good sign.
Next 2 drills are very important but it does seem to be a recurring theme that we are always waiting for the next drill to be our saviour.
But as always production guidance is once again revised lower.
And it's hard to believe this is the reason
"This is primarily due to rescheduling of the 2022 drilling programme in order to incorporate the results of seismic reprocessing prior to drilling the high impact ASH-4 development well which has now commenced drilling
Here's me thinking it was probably due to natural production decline and the inability to replenish production with new wells coming online, so let's hope Brian doesn't do any more rescheduling!
02 agree about ffd making incorrect statements.
Unfortunately these statements were not restricted to united oil and gas.
Some were very personal and especially the defamatory statements he posted about you and me on 1ST Sept.
I think you had him on filter which is probably just as well as I was digusted with the posts and they were taken down by admin and I don't know why he didn't get banned.
Have screenshot of the posts just to remind myself of his character.
Have a nice weekend and hopefully Tuesday brings some good news.