Member Info for jono44

Nothing on the news front!

Ash 3 took 5 weeks to td so could Ash 4 hit td tomorrow, maybe, but remember it a different rig and crew and we know how that's panneed out so far.
Uog didn't release an rns until testing had been done a week later so in reality can't see any new on Ash 4 till end next week.

But what's happening at AJ-14 and they must know Q3 production figures so we should get an rns this week on production and if we don't then it won't be hard to figure out why.

Treasures,
Your probably right if assuming Ash 4 takes around the same time as Ash 3 to reach TD, around 5 weeks, then it might be end of next week.
Probably will see Q3 update in same rns, hope not as that might mean it's not good.

As for the stimulation programme for AJ-14 did they actually start the stimulation programme or have they abandoned it altogether.
Be good to be kept informed either way, better than not knowing.

Next week it is then and decision time on bottom drawer.

Expect 3 bits of news this month.

1 AJ-14: did they get initial partner approval for a stimulation programme or have they given
up? Be nice to know.

2 Q3 production update, for July-Sept.
As no new wells came onstream in this period to help the natural decline in production I
expect this to be close to my expectations which aren't great.


3 Ash 4 well has been drilling for about 28 days now, expect TD before end of month.
This has to be really successful.
AJ -13 came online in Jan and started off producing 132 boepd to United(600 gross)
obviously a bit less now.
AJ-14 will need to be not only successful will need to surpass AJ-13 by a long way.


Don't expect any news on Jamaica or Maria anytime soon.

Nope.
He can't because he knows I'm right
Will never engaged in any reasoned discussion.
Just a pointless ramper which does no-one any good.

Treasures
I think o2 was referring to my calculations in reference to the fact that current production is around 1262 boepd on average for july/ August but this will drop again due to natural decline and is probably lower as we speak.

It really is poor that production from Egypt is continually falling and eventually, if it continues to fall and oil price goes down, it will become uneconomical.

Think o2 has a point about the management and it is all bluster.
Bottom drawer for me to and hope Jamaica comes up trumps but not expecting anything till next year.

O2
Got to agree that if anything is going to happen as regards to Jamaica it will be next year.
Egypt production is a worry and Ash 4 will need to be exceptional to stem the decline.

Treasures
I've got to assume you have me on filter or you never read my post yesterday at 20:29 giving an explanation on why I think production average over july/August was only 1262 boepd.
Maybe someone could repost it as I woukd like to know if you or anybody else has an opinion on it, especially if you or anybody else disagrees with it or agrees for that matter like O2 has done, thanks

'Last 2 months' is for July and August.

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.

Thanks Hazbeen for the link.
Marshall certainly knows his business.
Great to have an oil man in charge of a oil company.

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.

Anyone look at page 11 of results presentation.
Anyone care to their own research.
Top right hand corner, there's a clue.
Significance.
Take off the rose tinted glasses and dyor.

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.

JB Uruguay is next lifestyle

BPC Uruguay Holdings Ltd

One director
Eytan Michael Uliel.

"The results of the Group for the year are set out on page 28 and show a loss for the year ended 31 December 2021 of $23,697,000 (2020: loss of $13,992,000). "

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.

Optiva research note

2022 Milestones: • A competent persons report for Maria is targeted for completion in Q3-2022.