Member Info for K3ysersoze

H1 results look very good at a glance above guidance production at a realised oil price of $63 . With recent drill work overs and ongoing successful drill programme revenue for H2 will be closer to 13-£14m I would think although it could be a lot more depending on drill results to come …

As derampers go Nige I think you are pretty damn good I hope you are on a good wage from your employer . You play the embittered holder role very well , all the best !

H1 results alone may not have the wow factor the markets needs to get a big boost in volume , but if Brian releases flow rates for AJ-8 at the same time and they are good … that could certainly have a breakout effect ? Imo

Low volume = bigger spread , less than 20 trades a day is pitiful . volume needs a real boost luckily we have plenty of news to come which will provide it . Get banging that drum Brian !

Busy day on the chat it seems , this share has a relatively small but loyal following of which I consider myself one . We are all here on the basis of a good profitable company with huge potential for future growth . Derampers .. and rampers will come and go but the balance sheet doesn’t lie and that is what the market cannot ignore for long either.
More succesfull drills , more profit and revenue to uog a simple equation that has me adding to my shareholding at these levels .
Time in the markets often outperforms timing the markets … and In Uog’s case I think it could be particularly apt . Gl all

Yep think the rkh acquisition came with a lot of baggage thornbank , the more volume the better to clear these stale holders who are only interested in the exit not the potential of uog . Just a question of patience whilst the cash pile builds and the stale holders are churned ..

Morning GRH ..

If that 650k sell is not a typo someone has rocks in their head !! Added 175k more today at 3.72 holding for multiples of this price . Patience will pay imo

Those selling at these prices will certainly regret it in coming months . Sub 4p I will add whenever I get free funds .

Q2 production update should be juicy due anytime now not to mention the looming AJ-8 result .. i am accumulating at these prices . Topped up earlier with my profits from #omi

There are some uog followers on twitter , fairly active chat on there but on the whole we are very much under the radar of most . Quarterly production update in next 10 days or so should be tasty might turn some heads . Gl all

Who the seller is and why they are selling is not something us PIs can affect , so no point worrying to much about it imo. We made it from 2p to the peak of 6p and back to here with the seller present .
I believe the nomad found one persistent seller earlier in the year and they were bought out by some high net worth individuals [bobbyoflondon ] on twitter . Volume here or the comparative lack of it compounds the problem ..

AJ-8 drill results due any time now , oil price looking very strong with WTI over $73 and cash costs per barrel at $5 it doesn’t take a calculator to work out how profitable #uog is as a company and how good an investment it could prove to be in coming months .. next quarterly production update in 3 weeks or so should be interesting ! Gla

Oil price prices go up from circa $65 a barrel to just under $75 and the UOG SP goes down Down slightly over the same period .. crazy really . The disconnect is widening by the day as we pump 3000 boepd .. at $74 a barrel roughly 57% cut to UOG … $125,000 a day revenue roughly on 27m market cap go figure .

Added today too , keeping some powder dry if the imminent drill results are negative and will add more on weakness .

Taken 30k shares on that little drop to 15.25p ask .. hoping 15p holds and back up ..

Seller or not this will be back over 5p in short order imo the increases in production and the steady increase in oil cannot be ignored for long . I have added today on the back of today’s rns .

Production on the up and up and oil strong if things go our way H2 we can conceivably turnover the value of our market cap .. madness ! Holding for 10-15p by next year gla

Our seller being more aggressive with their selling now ... wish they would just put a huge sell in with the broker and be done with it .. this drip feeding is worse . Good buying opportunity though .. patience will pay here .. everyday that passes = more money in the bank .

For perspective oil price is still higher today than it was at the start of March .. Brent at $63.28 just now.