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Very good, low risk, high reward egypt project commencing this month, Gas in Italy early next year plus, big chunk of money coming through. Good stuff. All funded from operating cash flow. No placings. Surely this should go up soon. UKOG is worth more ffs
Brian's been busy in Cairo. https://twitter.com/UOGPLC/status/1331878495379726338
I am feeling positive about UOG. Come on Larkers. A weaker dollar is inevitable and oil will blossom.
Let's remember, oil is not rallying because of supply and demand. It's because of a weaker dollar. Saudi Aramco and loads of Oil companies are loading their balance sheets with debt. UOG are fine, but be careful with foreign companies.
China is importing lots of oil and coal at the moment. I believe UOG are well placed, just hold steady. If I'm correct, Miton Bought in which is very positive news. Gervais Williams is one of my favourite investors, tho it may not be in his fund.
Bango's main business is Direct Carrier Billing
The second business is resale which allows end-users to put a subscription service (Netflix etc) onto their phone bill.
Third, is their data business, marketplace which allows companies to target users who pay for content.
Audiens is an Italian data company they bought a few years ago. NHN is a partner and another big data business. I suggest you all do some homework before buying share on Simon Thompson or pensioners accord. Pensioner's charming, but not that charming.
It seems to be impatient. UOG have done very well this year considering the low oil price environment. just holding as I have a sub 3p average. I have a far bigger position in BP tbh but UOG is a good bet if you want a small oiler. I am still trying to make sense of Larkin tho, is he in it for the greater good of the shareholders or is he a lifestyle CEO. All to be answered in the next few years. Cheers all, I'm off to Piers Corbyn rally soon, hit me up if you are interested.
https://www.youtube.com/watch?v=ugj634e4TjM&list=WL&index=3&t=1s