Member Info for Maverick7

If Rowallen comes good it will be worth a lot more than Rhum3. Derisks surrounding blocks and more reserves and not linked in anyway to Iran

I’m sure everyone knows the risks here. We all know Bandy’s mate Landau is the lowest of the low. I think Bandy has been somewhat unlucky with market circumstances over the last several years. Atleast we haven’t (yet) been diluted to death like some other shares. We have had an opportunity to take part in some high risk drills. I was surprised we somehow got to take part in this Alaska drill - proven oil area and not far away from proven fairway and at minimal cost.
Short term risk I guess is dilution and that uncertainty may keep a brake on the share price. If it doesn’t rise much into spud then we can all derisk.

Not sure if this is a drag on the share price, government there seem to be driven by greed. Slapping TLW with capital gains tax? They could have had producing assets years ago. Anyway, update in mid Jan, expect to see TLW testing 225p by mid Jan, 189p by end of week

Looking positive on the China front - so positive for shares and oil - expect to see £2+ in the next few weeks, helped by the impending trading statement in mid Jan

Tweet as below

Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!

Looking positive on the China front - so positive for shares and oil - expect to see 10 - 20% next week

Tweet as below

Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!

I mentioned this over a week ago, can’t see the deal progressing and share price will go down. I said around £1 previously but can’t see that now. Probably back to around 120p

Absolutely ColonelDrake, too much emphasis short term on shale. Higher poo in about 2-5 years I reckon. In the shorter term, once visibility of OPEC+ cuts are making an impact, PMO and other oil stocks will go up. OPEC+ still got plenty of ammunition.
Oil stocks the ones to buy in 2019

We should be hearing results with this well in the next week or so

Exploration well ASZ-1X located on Prospect S was spudded using the rig EDC-53 on 8 November 2018, and will be the first of two commitment wells to be drilled in the first phase of the new concession. The primary objective of well ASZ-1X is the Abu Roash-C reservoir sand that produces in the neighbouring Al Jahraa field. The deeper Abu Roash reservoirs present secondary targets. The well is due to take around 50 days to drill.

Exxon should just concentrate now on the discoveries it has already made especially Hammerhead

This downturn in poo is nothing to do with OPEC, it's all about Trump and USA government shut down. Until that is addressed poo and markets will be depressed. Only damage limitation can be done by OPEC cutting production. Good time to have some cash on the ready to take advantage. Massive trading opportunity coming up in either direction

Will look very tempting soon

Anyone know when this week they will be reporting, Saudi cuts should have started to kick in now

Good buying opportunity if the case then - load up

I’m glad you bothered to go to the trouble of checking my history, you must be bored or got little to do during this festive season.
The magic word was “could”. It could get to 1.35 if poo drops to the $27 levels we saw a couple of years ago, but that’s not going to happen. That was driven by OPEC strategy to produce like mad to crush shale. This time the strategy is to prop up poo. However, there are some other headwinds like Trumps trade wars and resulting economic shut down. But TLW has plenty of news to drive the share price - TLW update soon in 3 weeks, debt being reduced, Uganda farm down, Guyana massive finds next door to TLW acreage, Exxon going to start producing from Stabroek soon, Kenya to start producing, Ghana expanding production, dividend re intro, possible Guyana farm out
I could go on. So like I said £2.25 before 1.35. Now tell me why £1.35 is coming or did you just pluck that out the sky

Trading update in a couple of weeks, OPEC making the right noises, up we go, 225p before 135p

lol, you cant make it up, Trump has extended waivers to Iraq so that in 3 months they can start buying USA oil and Iraq companies can sign deals with US companies.
Talk about manipulation and corruption. Where is this with WTO rules and how can Trump threaten Oil price manipulation with OPEC.
Seriously this is taking the p

Link to conference call for anyone who missed it

https://www.uogplc.com/wp-content/uploads/2018/12/United-Oil-Gas-Shareholder-Conference-Call-20181220-1231-1.mp4

I think that Trump is threatening the shut down tomorrow of US government which has led to today’s oil price fall.

Priced in i suspect

You’re sounding a bit desperate now itsaponzi, need that short to come could I suspect