Member Info for jono44

Maybe 3rd time lucky but wouldn't hold your breath.

I see that Malcy is going to interview Mr larkin later on in the week.
Waste of time imo, scripted.
If any ceo wants credibility then may I suggest being interviewed by someone like Mathew Gordon.
Mathew doesn't hold back, thoroughly researches the company involved,asks the right and somewhat awkward questions and if a ceo does do an interview with crux then fair play to them.

Also current production is not 1450 boepd, which is easily worked out from information provided by uog.

Fish,
Just giving my opinion.
But you need to ask the awkward questions tomorrow not ones that they want to hear.

What would the cash balance at end H1 without the money received from the divestments?

What is current production or even Q3 production?
Brian said he expected Ash 4 to deliver a material increase to current production levels, levels that he hasn't made public knowledge and if 371 is a material increase then what does that tell you.
You might have a few of your own.
Good luck with your decision.

BT will do later.

Firstly people shoukd be aware that certain posters on here will post mis information.
When they say 1800 boepd that is not true.
When they say 371 will bring in $35m that is not true.
There's more and no doubt more to come.
They will also try to discredit anyone who dioes tell the truth and will no doubt post vile insults,
we've seen it before.

Todays rns imo was not good enough, why?
Because the flow rates are poor for Ash and will not stem the decline in production.
Yearly production will be below estimates.
Revenue from egypt will not cover all uog costs, imo.

AJ-14 now also looks like a lost cause, another well that won't pay for itself.

Also they still refuse to inform shareholders, the people they work for, what the production was for Q3 2022.
"In order to give greater visibility to shareholders, United will, from January, report production levels on a quarterly basis."
Or maybe not.

"I disagree with him"
And spoons are not meant to be sharp at least not in my drawer.

By the way not trying to be cheeky here I would like your or anybody else's opinion for that matter.
This is what bb's are for imo, for open honest debate.

MFM,
Webcast 27th July available on uog website.
1st question around 17:45 minutes.
Have a listen, what do you think.

Crazy how many investors do so little research and are so quick to dismiss others concerns on subjects they haven't researched.
Listen to the webcast and come back with a reasonable response and we can engage in an adult debate.

To answer your question on whether I would invest again in uog, of course I would if my concerns were addressed, one of the biggest is that I believe egypt is not providing enough to cover all costs and until it does it will drain the cash balance imo.

That's not quite true either.
If uog are aware of price sensitive information they are legally bound to disclose it regardless of what the operator says.

Maybe you could share your discussion with shareholder relations.

Peter Dunne stated in a webcast that and I'm not quoting him but basically he inferred that the cash balance at end of June of $3.8m was down to the money received from egypt.
I disagree with him and if you read my previous posts on the subject I have clearly stated why.

Can I ask if you agree with his statement and if you do can you give an explanation as to why you do and similarly if you don't agree explain why.

Often email companies before investing it's called dyor, makes a lot of sense to me and not ridiculous at all and makes more sense than just blindly investing in a company.
Have you never emailed a company as part of your research.
And for clarity I never said I didn't believe their published accounts maybe read my post again.

Greg,
I think BL should be aware when testing has been completed at least the following day.
As CEO of uog it's his job is to know and his job to inform shareholders like yourself and others on here the result of Ash 4.
I cannot believe he isn't in contact with the operator on a daily basis at this stage of Ash 4.
But for my research could you provide a link to where I might find any past releases from the operator.

Fish,
Thanks for your reply to Greg's insulting post directed in my direction.

I understand that some investors cannot accept that others might have a different opinion and disagree with them but his posts are sometimes just shameless ramping which does no one any good especially for some people that are maybe new to investing as we all were at one time.

Also I've bought, sold uog for many years long before most on this bb and until recently still had shares but I've lost faith in the transparency of the company especially their interpretation of how they arrived at the cash balance at the end of June and their refusal to publish Q3 production figures.

I will continue to post on here as is my right as it is Greg's and anyone else for that matter and will give an honest opinion good or bad.
I've have also email uog and asked a few questions, no reply yet, but I've asked things that are relevant to my current position.

Testing must be finished by now.

Ash 3 took 49 days from spud to completion of testing.

It's Day 62 since spud of Ash 4.

Not quite in line with previous wells!

Do you even know what good rates would need to be?

For instance
Uog produced in 2021, average production of 2327 boepd
Then in Jan aj 13 came in with 132 boepd
Then in March asd 2 came in with 462 bopd

Now I'll let you do the sums and figure out why current production is in my estimate, which for clarity is based on figures in the H1 report and not from an official 'rns', is about 1260 boepd.

But you wont will you or if you do you won't comment.

So yes I'll give an honest opinion based on facts on the results from Ash 4 good or bad.

If the flow rates fron ASH-4 are good I'll say they are good and why I think they are good.
If the flow rates from ASH-4 are bad I'll say they are bad and why I think they are bad.

Will you?

Really beginning to think that you've got a few screws loose.

My post are based on facts and are open to discussion and there for anyone to challenge with their own reasoned thoughts but yours are just absolute chaotic nonsense without any thought and with the sole and only intention to get others to buy uog shares so you can benefit.

Greg is the exact same and I was surprised to see him posting on another website over many bb's with very 'foul' language telling people to sell their shares in other companies and buy uog, he got a few unpleasant replies, not surpringsly.

Now everyone can and hopefully does a lot more research than read posts on this bb if they want to buy, sell or hold uog shares.
If they buy , sell based on this bb then that's up to them, their choice.

But I'm not giving advice but just an opinion whereas you are trying your hardest to encourage people to buy.

I've often seen rampers like you post nonsense and mis information that has proved very costly to others that haven't done enough research and just believed what they read

Greg maybe re read my post that you commented on.

Fd OK let's just say I bought at 5 and sold at 2 if it shuts you up.

OK so you reckon the Operator hasn't told uog what their production was in Q3, don't be so naive.
They know Q3 productionr rates but haven't released them but you don't want to discuss that do you.
Also do you reckon uog haven’t bothered to ask the operator how AJ -14 hasn't produced any oil yet after nearly 3 months, really, reckon they should have.

What's happening.

No rns yet.

Reading thru last few rns's

On 15th Sept they said ash-4 had commenced drilling but on 28th Oct they stated ash-4 had spudded on 10th Sept, 5 days delay in rns.
Also on 28th Oct they stated ash-4 had reached Measured Depth on 24 th Oct,not TD as per usual, again 4 days later and why bother with MD they don't usually.

Also Aj -14, 3 months since completion and now total silence

As for Q3 update looks like they are back tracking on their promise to update quarterly.

So what's happening BL.