Member Info for jono44

Blaimthrower your absolutely right should have kept him on filter.

He's totally committed to misleading others just as he did when he went by his previous name, FormerFD and post similarly to, the not been seen for while, Gregpeck 7 who use to post the same drivel ten times a day.

By the way not bitter in the least so he's got that wrong as well.

Nobody is saying the rns is wrong but you are deliberately trying to mislead others simple as that.

Also my research now implies asd 2 production is a lot less thanks to the information in the same rns so revenue from ASD-2 is a lot less than your header implies.

Kept you off filter for this reason.

Why mislead, you post was deliberately trying to make out that uog had revenue of $26m, that was your soke intention to mislead others.

For the record.

Just say for an example asd-2 produced 400k in a year.

Net to uog would be

400k x 0.22 x 0.4253 which would be around 37k

Ave oil price achieved in 2022 was $96

So around $3.6m.

That's completely untrue.

Why blatantly try and mislead others.

From final Results rns

· Group revenue for full year 2022 was $15.8m (1) (2021 : $19.2m)

Anyone dyor in uog could easily believe this person and highlights why dyor is so important.

Treasures,

Thanks for the reply.

Must admit if seems like a lame excuse.

So therfore until this 'technical issue' is resolved there won't be any webcasts uploaded and when the issue is resolved the first webcast to be uploaded will be the April results, can't wait!

Treasures,

I have been waiting for the April results webcast to be available on uog website and YouTube but it still hasn't happened.

Find this quite strange as they usually make their webcast available after a few days and keep wondering why it hasn't happened yet, nearly a month has passed.

Just wanted to know if they gave you any reason for the delay, also did they say it would definately be available in a straightforward manner.

Appreciate any reply.

Loads,

Wouldn't class AJ-14 as a major well as they only expected 66 bopd net to uog and the fact they seem reluctant to put an actual figure on what it is producing only leads to speculation that the figure might be a lot lower than 66 bopd.

If the Maria sale falls thru again then imo it will have a big impact to uog financial and their 2023 drilling campaign.

A Jamaica farrmout would be excellent for uog without a doubt, will it happen? only a month or so to find out.

Thought I woukd unfilter FormerFD or TheDogFarther as he currently calls himself as the bb was full of green boxes and I just wanted to see if he'd changed, he hasn't.

Just in reply to his post this morning.

When uog released the qoute in a recent rns it did seem that 400k was a great amount to produce in just over a year, at the time I think it worked out at around 372 days, and maybe that was the idea behind the qoute to make it look wow.

But in reality if anyone does a bit of working out of actual production over that period fron Asd-2 they might not like it so much.

Net to united would have been 88,000 bbls or an average of around 237 bopd so considering asd-2 came onstream at 462 bopd so it looks like if decline in production was gradual, no sudden drop offs then current production could be around 150 bopd or less.

This highlights why unresearched posters should be ignored but just as importantly it highlights how production can decline over a year and the need to continually drill new well after new well is so important to united.

Also why the sale of Maria being kicked further down the road might have an affect on drlling new wells, imo.

Anyway suppose I better put the dog back in his kennel so I don't see his reply, which I'm sure will be full of praise for my research.

Dyor.

GingerHippo,

Your post is a good example why people should do their own research.

Loads not yet.

Don't know why you stated asd-3 production at 1400 bood when you know fine well it hasn't reached TD, as far as we know, and as for AJ-14 do you know what that is producing !

The problem now is whether they can fund any new wells in 2023, they've only committed to two and the second ASD-3 must be close reaching td, probably in the coming days and if successful might prop up production for a while but it's obvious, to some, that uog need to drill new wells continually to stem the decline in production.

Will they go back to bp, it's been hinted at in previous rns.

The proceeds from the sale of Maria was probably, imo, going to be used for this purpose but as this has been kicked further down the road they might have to look elsewhere.

Just my opinion of course so please dyor and don't take anything on here as investment advice.

Ah green box wonder if the TDF has some interesting theory to discuss or just the usual insult.

GH, someone maybe repost this but He never comes up with a plausible answer to revenue and how without the revenue from divestments what would have paid for egypt last year.

Loads didn't say there wasn't any revenue from egypt just that I don't believe it is enough on it's own. It does pay back the bp loan but remember they had to renegotiate that and extend it to end of 2023 to reduce monthly payments that in itself should tell you something.

What M&A are you referring to?

I

Everyone one has the filter option, I use it for TheDogFarther.

I've proven Gh to be demonstrably wrong in the past and this is probably why he doesn't interact and put up a counter argument against my opinions and can only insult me instead.

Important time for uog and shouldn't be taken lightly and it's not rubbish imo.

Loads money in from egypt alone wasn't enough was it?

If it wasn't for money in from divestments there wouldn't have been enough money to go out!

Oily as far as I'm aware uog have only committed to 2 wells in 2023 so far and nothing else has been finalised yet.

Loads,

Imo revenue from egypt is not enough to look after itself or they would still have most of the $4.8m they received from divestments last year.

I disagree.

Imo without the funds from Maria they might go back to bp for additional funding which they have hinted at in previous rns.

But it imight still go ahead, only time will tell.

Dyor.

The Maria transaction already had an extension of 20 business days built into the agreement with Quattro.

This extension ends today.

Quattro have still not confirmed that they have completed raising the required funds and Jesmond haven't released any news thru Tmx either.

Tmx opens at 2pm our time so it will be interesting to see what happens if they don't release any news.

Just my opinion but any commitment to more drlling in 2023 could hinge on receiving the funds from the sale of Maria.

Vote against these 'special' resolutions.

Going to use shareholders money to purchase their own shares so they might

'satisfy obligations under its employee share scheme'

Don't think it needs spelling out why they want these resolution passed.

But I think it's ludicrous that a company the size of uog that needs every penny to keep drilling to replenish falling production to keep itself going would even contemplate using shareholders money in this way unless its beneficial to ....

But no doubt it will.

Notice a lot on green boxes on the bb of late but no Greg, hhmmm.

Still no word on Quattro raising funds for the purchase of Maria and only 3 business days left.

Asd 3 news could land end of next week.

Loads, it's day 33. Commenced drilling on 1st April.