Member Info for loadsamoneeeey

https://budsoffshoreenergy.com/tag/united-oil-and-gas/
"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. We continue to build on our excellent track record of active portfolio management, adding value to our assets and monetising them in excess of our investment, as seen most recently with the sale of the Maria discovery.

Abu Sennan Production Update

United's net oil production from Abu Sennan for Q1 2023 averaged 841 bopd. The exit rate for the quarter was 1,275 bopd oil and 170 boepd gas (1,445 boepd net) which incorporates the material contribution from the ASH-8 well, which has continued to flow at a stable rate with no water-cut since it came onstream on the 16 March 2023.

ASD-3 Well Spud

The ASD-3 development well has now commenced drilling. This well will be drilled approx. 1.2km to the north-west of the ASD-2 well which was drilled in March 2022, and which has recovered circa 400,000 bbls since it came on production just over a year ago. The ASD-3 well has primary targets in the Abu Roash-E ("ARE") and Abu Roash-C ("ARC") reservoirs, as well as secondary objectives in the Lower Bahariya. The well has a prognosed total depth of 3,649 metres, and is expected to take approx. 55 days to drill and complete.

Looks like a long way off achieveing 200k tons end of year then after only 17k tons q1

https://www.uogplc.com/wp-content/uploads/2022/10/221003_UOG-Getting-back-to-growth.pdf
Maria 7.1p Jamaica and all other assets groups risked 14.4p unrisked 58.9p lot of upside value here mcap still very cheap gla

RE: Link to telegram group
https://twitter.com/Gregpeck_07/status/1643167386441318400

Abu Sennan Production Update

United's net oil production from Abu Sennan for Q1 2023 averaged 841 bopd. The exit rate for the quarter was 1,275 bopd oil and 170 boepd gas (1,445 boepd net) which incorporates the material contribution from the ASH-8 well, which has continued to flow at a stable rate with no water-cut since it came onstream on the 16 March 2023.

ASD-3 Well Spud

The ASD-3 development well has now commenced drilling. This well will be drilled approx. 1.2km to the north-west of the ASD-2 well which was drilled in March 2022, and which has recovered circa 400,000 bbls since it came on production just over a year ago. The ASD-3 well has primary targets in the Abu Roash-E ("ARE") and Abu Roash-C ("ARC") reservoirs, as well as secondary objectives in the Lower Bahariya. The well has a prognosed total depth of 3,649 metres, and is expected to take approx. 55 days to drill and complete.

Zaks 2.5p/3.5p targets still lots of upside in sp daily stochastics and monthly just starting to curl up from base
https://twitter.com/i/broadcasts/1MnxnpednPjGO

Jono I guess it swings and roundabouts Egypt is covering all bases revenue wise M&A so pay back is all good in the grand scheme of things Maria 5.7 mill if it all plays out , Jamaica 35 mill spent on that development tullow/uog first drill ready colibri just need that farm out then its a free ride for us

United Chief Executive Officer, Brian Larkin commented:

"Operationally 2022 was a very active year for the Company with an extensive work programme executed in Egypt, generating good operational cashflow despite mixed drill results. Over the three years that United has held Abu Sennan, the production base has generated material cashflows for the business. As the asset matures, it is transitioning to a phase in its development where operations are focused on maintaining and extending long term production rates to generate operational cashflows for many years to come. Egypt remains an integral part of our business providing operational cashflow which supports the wider asset portfolio of the Company and our strategy to grow through M&A.
2022 Financial summary

· Group revenue for full year 2022 is expected to be approx.$16m(1) (FY 2021 : $19.2m)

· The average realised oil price per barrel from Egypt achieved was approx. $96/bbl (FY 2021 : $68.9/bbl)

· Group Cash balances as at 31 December 2022 were approx. $1.4m with Net Debt approx. $1.5m (2021 Cash balances $0.4m : Net Debt $5.5m)

· Cash capital expenditure was approx. $7m (FY 2021 : $5.5m)

· Receivables of $4.2m (FY 2021 : $5.1m)

(1)22% working interest net of Government Take
gla all imo

Jono are we on same page now new guidance h2 from uog and production as it stands now 1445 boepd as rns

Abu Sennan Production Update
United's net oil production from Abu Sennan for Q1 2023 averaged 841 bopd. The exit rate for the quarter was 1,275 bopd oil and 170 boepd gas (1,445 boepd net) which incorporates the material contribution from the ASH-8 well, which has continued to flow at a stable rate with no water-cut since it came onstream on the 16 March 2023.

Jono I seem to remember pulling you up on yearly production guidance 700-900 boepd when you were misleading investors saying production was down again for year when really it was because of the 8 well workover in h1 and that a new guidance will be given in h2 after 8 well workover ash-8 and asd-3 result are in uog can give us a clearer picture on guidance ps latest is 1445 boepd

Abu Sennan Production Update

United's net oil production from Abu Sennan for Q1 2023 averaged 841 bopd. The exit rate for the quarter was 1,275 bopd oil and 170 boepd gas (1,445 boepd net) which incorporates the material contribution from the ASH-8 well, which has continued to flow at a stable rate with no water-cut since it came onstream on the 16 March 2023.

while its quiet here dyor links
https://budsoffshoreenergy.com/tag/united-oil-and-gas/
https://www.uogplc.com/wp-content/uploads/2022/10/221003_UOG-Getting-back-to-growth.pdf
https://youtu.be/-dQ4mK-SQFU
https://www.lse.co.uk/rns/UOG/egypt-operations-update-7tjigyi9rgkzf6e.html

farm out Jamaica
add first drill ready colibri farm out potential q2

asd-3 drilling ahead?
could put drilling started 55 day drill completion

https://twitter.com/Gregpeck_07/status/1643167386441318400

gregpeck7 has a link to telegram group on twitter

Scarletvixen nothings changed still the same as I was saying yesterday

Good volume day consolidating nicely to crack 200 dma lots of upside on daily/monthly stochastics

mannan wants in be careful doom and gloom expert as well