Member Info for jono44

Green box wasn't slow in appearing, and I never got a recommend.

Loadsamoneeeey from your post interesting point about Ash 2 production.

IGEEK, I've already explained and done more homework over the years than most.

Sorry sassy didn't buy any shares, yet, but you never know.

Just reading todays posts and and as I have the dogfarther on filter I presume, but might be wrong, that he may have mention me but may be totally wrong.
Thanks BlaimThrower but going by the latest green boxes and your replies it seems maybe you have become his latest target, stick him in a green box.

But anyway I just wanted to reply to cinch's post at 10:57 this morning.
The rns/ news on 17th Jan from Jesmond stated

"The longstop date for completion of the License Acquisition is April 16, 2023 , subject to certain circumstances where completion can be extended for an additional 20 business days."

So going by that it seems that an extension to the agreement was already in place and hence yesterday's rns and why it has been extended by 20 'business ' days.
Now we can all speculate why they needed to extend, but it seems like the fact that there has been no news on Quattro raising the required funds as yet seems to be the most likely reason.
Remember the first deal, as I said before, fell thru because as uog stated Quattro failed to raise money that time and uog pulled out.

Also stress that imo uog really could do with this injection of cash, some will say that they have plenty but I don't think they have and if I not mistaken in april 2022 they received maybe $2.3m from the sale of the Italian assets and they were needed that's for sure.

Duster reread Your post at 15:43 today.
Maybe you were referring to yourself which wouldn't surprise me.

Duster I haven't posted 6 days so I you think that's daily then it explains a lot.
Like I said do some research and maybe you wouldn't be so ignorant and insulting to someone posting facts not fiction that some promote Daily without any comment from someone who is not a UOG ramper.
In fact just use the filter option I have for formerfd/ Thedogfarther.

The first agreement with Quattro in 2021 had to be extended by nearly 3 months from dec 2021 to end Feb 2022 and Quattro still failed to raise the required funds so just because it has to be extended again certainly doesn't mean it will go thru.

Duster do some research.

Where's the resident ramper gone!

ameen,
Quattro failed to raise funds the last time and the fact they haven't done so again while trying to do a reverse takeover of Jesmond on the Canadian stock exchange within their initial timetable doesn't bode well imo and hence the need to extend the long stop date.
In reality if this doesn't happen then imo uog will be in need of funds as I've explained in previous posts.

Seems like a few early posts have disappeared.

OK dusterman clarify
' talking rubbish'

No it's because of ramping.
Be different if Quattro confirmed that it's reverse takeover and fund raise has been completed but no news on that yet and they did expect it in Q1.

What's wrong dusterman, If you don't like someone posting facts and not fiction don't read this bb.
Or come up with a decent post that isn't copy and paste or insulting and join in a discussion.

Chinch
Totally agree everyone one has the right to post but some choose to post misleading info as we all know.

Production last year at this time was greater, oil price was higher and yet they still had to rely on the $4.8m they received from the divestments to end the year with only $1.4m!

Share buy backs.
Why would they even mention that.
Would they buy shares to re issuse at a later date, would they cancel them, what do you think.
Are they really in a position to spend money on buying back shares.
If they receive $3m from Maria will shareholders be happy if they spent this on sharebuybacks.
Personally I think imo that it is a ludicrous to even contemplate buybacks unless it only benefits the bod!

It would be stupid of anyone to ignore the possibility of a placing.
Not saying it might happen but if Jesmond/Quattro don't get their placing sorted and they expected it to be completed by Q1 then the sale of Maria might once again be pulled.

This is a very important time for uog as they expect the sale of Maria to be completed by the 17th April and this is dependent on a few factors including the ability of Quattro to raise the necessary funds. If it does go pear shape then I also believe that uog would need to do a placing

This is being ramped like before and misleading information is being touted everywhere by Gregpeck7.
Production is still declining contrary to what is being said along with other nonsense.
Just beware that some people are in so deep they will post misleading info.

Loads I've looked at the figures given and will give my take on it as I see it but stress it's just an opinion.

Q1 average was 841 bopd, no mention of gas.
Exit rate given as 1445 boepd which includes gas.
Ash 8 stable at around 759 boepd, my calcs yours might differ, but want to stress that uog expected any gas to be neglible in their guidance so not sure if it will be stable or if they expect a rapid decline in gas.

So I worked out the total q1 production and it did tally to around an average of 841 bopd,.
Also interestingly my calc also came up with, you might like this, q1 Ave production of 706 boepd without Ash 8, but again i want to stress my calcs.

Exit rate of 1445 boepd seems to suggest that this is current production.
How fast it declines won't be revealed until maybe h1 update , just have to wait and see.
So what will h1 production be, not going to guess I'm afraid.

But the thing that I keep thinking about is that, and I know some can't understand mythinking here, if it wasn't for the $4.8m uog received from the divestments last year and they only ended up with $1.4m in cash where would they have been without this money.
I know some will point out that the bp repayments finish in DECEMBER and they should get $3m from Maria but will it be enough.

Dragging on I know but you should keep an eye out for any news from Jesmond, they hoped to have the placing completed in q1 but it hasn't happened yet and I not suggesting it won't but worthwhile to keep tags on it.

Anyway Loads good luck and don't forget to pull up anyone that posts misleading information.

Loads I do remember and correct me if I'm wrong but i think this was this was my response

"OK Ash 8 results are only included in h1 guidance.
But are included in the 700-900 bopd guidance given, that's the point.
Trying to make out I was trying to mislead is wrong because all I said was that the well results are included in this year's guidance so if you think that was misleading then that's fine but was not my intention."

But I want to be clear I do not and will not deliberately try and mislead anyone.

I think there are a lot of people who read and in some cases post on this bb that are quite happy for Greg to post his misleading info and turn a blind eye because they are invested here.

Can I ask you why you have not pulled anyone else, gregpeck7 in particular, for posting misleading information on a daily basis and the fact that he does it deliberately.

I think people who might invest in uog need to realise that posters like Blaimthrower are not posting lies but are basically refuting the lies being posted by others, especially Gregpeck7.

It's so obvious to many that read this bb that Gerg is a very naive investor.
He obviously cant distinguish between revenue and profit doesn't understand how a companies debt is published and didn't know the cos in Jamaica to name a few.
What he will do is deliberately twist pieces of factual info to make it look to potential investors something completely different.

This is easily proved and anyone that does consider investing in uog needs to be aware of that and only invest if they have done their own research.
Good luck to any genuine investors here and to lth's.

Greg if you have seen the documents then they must be in the public domain.
I assume therefore you can share the whereabouts of these said 'documents'.
Or are you trying to promote a fomo before Friday.
It is interesting that the ceo states in an rns that

"In Jamaica, the farm-out of our high impact exploration licence with 2.4 billion barrels of unrisked mean prospective oil resource is picking up pace with a timetable for receipt of indicative offers due in Q2 2023."

Focus on the part that states 'due in Q2 2023'

But you say you have seen 'documents' that contradicts his statement, please share so United's CEO Can stay in the loop.
Thanks.

Loads,
This is what BL said in the Jan update on Jamaica

"In Jamaica, the farm-out of our high impact exploration licence with 2.4 billion barrels of unrisked mean prospective oil resource is picking up pace with a timetable for receipt of indicative offers due in Q2 2023."

So don't be disappointed if you don't hear anything before end q1.
As for Greg and telegram group I can only imagine how much mis leading information he and others like Earl are pushing, good luck to anyone that gets taken in.

Loads,
Thought maybe, but not sure, if oily was referring to the commercial success at 16%.
Also my understanding was any Jamaica interest had until end H1, but again that's just off the top of my head so apologise if wrong.