Member Info for jono44

Think it was obvious this was going to be extended to Sept as Jesmond and Quattro had already agreed to extend their deal to Sept.

The UK 33rd License Round results should be made public in sept and Quattro are in for some blocks, if they are awarded any blocks it might make them think again about Maria.

Todays news which included revised payments doesn't bode well for United as if the deal does go ahead they will get £1m less in the initial payments which they really could do with, need money to drill next well and need to get it somewhere as it won't from egypt.

Contingent bonus payments will go up by £1m but they are years away if at all.

Certainly looks like quattro are in charge.

Big delayed sell reported after hours, I can understand why.

Was expecting a bit of a rise.

Looks like warrant holders don't really care about results and are going to sell and drag price down as they can, up to 24th Oct, replenish their holding for 9p and they have quite a few to sell.

Just have to grin and bear it or take chance and try to trade.

Not great but who wouldn't do the same.

Maybe thinking of the bb on adv..

Post nos 4429, 4437 on axl, fact or fiction who knows.

But it looks like only one rns and it's due any day if poster is genuine.

Cn2 spud 15th June, 6 weeks tomorrow.

But they stated this in the last cn1 rns

'The CN-2 well was spud on June 15, 2023. The drilling, testing and completion of the well is expected to take three weeks'

I would have preferred regular updates as they did with cn1.

Expect an rns this week or early next week.

Tell you what Dog, why don't you just ask Brian and post his reply on here just for complete transparency.

I think everyone on here would agree that would be the easiest solution.

Ask him if the next drill is fully funded without the need to do any refinancing or a raise and when does he expect it to happen.

Thanks in advance.

Probably nothing hut wondered why

Sharan Dhami, Head of IR & ESG name was missing from latest rns enquiries list.

Normally her name sits below Larkin's on every rns.

Canny investors won't buy in just yet.

They'll wait until funding is sorted.

Don't think any of last nights post went against lse rules.

Maybe something was mentioned that someone didn't like but certainly wasn't your posts Loadsamoneeeey.

But whatever was said must have touched a nerve somewhere and someone has reported it and hence the whole thread gets binned.

Penny dropped for me a while ago.

Loads, seriously, your quoting from the 2022 final Results.

This is Q3 2023 and the current situation is dire.

It's so bad even the dog can't show face now that's something.

Loadsamoneeeey

I think they wrote this just for you

'Revenues for the first half of the year are expected to be $6.4m (2022 H1 $9.8m), with the average realised oil price per barrel from Egypt achieved of approximately $78 (2022 H1 $105). Our cash balance as at 30 June was approximately $0.55m (2022: $3.8m)'

But I get the feeling the penny won't drop.

Very disappointing update and broomtree your right market doesn't like it which is hardly surprising, it's terrible.

VistaMan and Blaim Thrower are correct in what they are saying but others seem to be clutching at straws, that aren't there.

GingerHippo as usual is trying to ignore the facts or possibly he just doesn't understand what he is being told in the rns.

Loads, well he's must live on a different planet from the rest of us and still thinks uog are making money!

Dog must have his tail between his legs and whimpering back into his kennel.

Jamaica, nice of uog, after 2 weeks to inform the market that they have not received any indicative offers and now have 'extended ' the deadline without giving any timeframe.

Doesn't look good.

Maria kicked down the road and doesn't look good.

Production continues to decline and uog are upfront in telling this to shareholders.

Cash position looking very precarious and as I've stated previously that only for the $4.9m received from divestments last year god knows where uog would be.

As for drilling in H2 they are going for an exploration well and that didn't work out very well last year and how are they going to pay for the drill.

Doubt BP will bail them out as production from egypt is declining so fast that I don’t think it could pay any loans back.

That leaves a placing which imo might well happen shortly.

All just my opinion.

Odey holding fell below 3% four weeks ago.

Must be a lot over now.

Good time to get back in.

Sat on fence waiting to get in IF uog have an indicative offer for Jamaica like I've already stated , can't you read.

Otherwise won't invest on loss making Egyptian assets.

No glad you understand wasn't to difficult.

So what's happening with the Jamaican farmout.

No, I bought at 5p and sold at 2p and made a profit, hope that helps.

So loads what do you think will happen this year without the extra $4.9m.

Just think for one minute what kind of financial condition would uog be in now if they hadn't received that $4.9m, the $4.9m they won't receive this year.

Dog I've replied before that if you think I bought shares for 5p and sold them for 2p at a profit that's OK for you to believe that, I don't care.

"Mon Dieu!"

The market is smarter than us all.

Loads I keep saying this but can you explain what happened to the $4.9m uog received last year from divestments.

If egypt paid for itself then why did they only have $1.4m left in Dec.

This is why I find uog currently uninvestable it's because egypt doesn't pay for itself.

The fact they didn't commit to any wells for h2 , yet, probably hinges on the outcome of Maria or refinancing or a placing imo.

Dog, my previous post at 10:52, to complicated for you I could put bigger spaces between words if you want,would that help.

As for Harl watch out for placing, jw doing rounds.

Elyisium

If you read the news release, rns, from 2 days ago you will find the information on production guidance clearly explained.

If you don't understand then maybe investing isn't for you.