REMINDER: Our user survey closes on Friday, please submit your responses here.
For what it’s worth I don’t believe those 2 new accounts were Levi. I agree badger UOG is a growth company and that takes time. We can all see the operational progress which will translate into financial growth which in turn will help us grow the company. Just have patience, I see UOG as my safe stock which I have in my isa’s and SIPP.
Hope everyone has taken note of how quickly gpeck has done a 180 on UOG. Time will time on Jamaica but BP were never going to be a partner anyway so I’ve no idea why you would bring them up. As pointed out to you on twitter your 70% to the Egyptian government figure is wrong. Also you went ballistic at the UOG BoD for selling some shares to buy the rest. Genl BoD did a similar thing, gave themselves free shares and sold them to pay income tax liabilities yet no complaints from you. Good luck with Genl, investing in an oil company in Iraq is not for me especially at the mcap it currently is.
Not much to say until news, we are making money and hopefully the drill is going well. Given the time it’s taking I view that as very positive. Long hold for me here as I believe in the BoD and the current strategy. I’ve a big holding here and feel very confident the long term trend is upward.
Have a read of this, for UOG to be mentioned by name considering some of the huge companies operating in the western desert is a big plus.
Also liked the part about another licensing round coming up for the western desert.
https://egyptoil-gas.com/features/unleashing-treasures-in-egypts-western-desert/
FBrJ...I will be ok with the boards salary’s and options if that is it until we are significantly higher market cap. Just for some clarity there are plenty of other companies that pay their ceo significantly more for example GDR ceo is on £440k and has sold sweet FA with placing more than likely soon. As ever we need to keep an eye on these things and I’ll be honest enough to say any more before we the shareholders see significantly higher market cap then I’ll be annoyed.
GKB47....I’ve no interest in muting anyone or for happy clapping posts but I disagree with your implication of BL treating the company as a pump and dump to enrich himself. I bought a few months before the rockhopper deal so was underwater awhile too. I averaged down aggressively at 1-1.5p and now have a 2p average as I believed in the strategy for the board. I agree I had hoped the SP would be higher given the operational successes we have had and it at times has been frustrating. Let’s see what happens but I’m still confident in the direction of the company.
Have a word with yourself after that comment. This isn’t a pump and dump and if you have come to the conclusion that it is then perhaps you should sell up. Without doubt it could have been handled better IMO but let’s not forget that BL was entitled to those warrants and how he chose to pay for them is up to him. I would have personally liked him to have paid for them but it’s his choice, we all buy and sell shares as we see fit so should he. It has hurt the share price this week but soon it will recover and we’ll move on. I will say that I would not expect BL or the BoD to take a further pay rise unless our market cap is significantly higher next year.
United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announces that further to the "Exercise of Warrants and Total Voting Rights, Significant Shareholding increases for Executive Directors Brian Larkin and Jonathan Leather" announcement of 17 May 2021:
- Following Admission the shareholding of Mr Larkin, the Company's CEO, increased by 9,755,690 ordinary shares. Mr Larkin subsequently sold 3,312,012 ordinary shares at £0.0425 per share to fund the subscription of the warrants and accordingly he now has an interest in 16,199,369 ordinary shares representing approximately 2.51% of the Company's enlarged issued share capital; and
- Following Admission the shareholding of Mr Leather, the Company's COO, increased by 4,877,810 ordinary shares. Mr Leather subsequently sold 1,655,994 ordinary shares at £0.0425 per share to fund the subscription price of the warrants and accordingly he now has an interest in 8,099,626 ordinary shares representing approximately 1.26% of the Company's enlarged issued share capital.
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as given to them in the "Exercise of Warrants and Total Voting Rights, Shareholding increases for Executive Directors Brian Larkin and Jonathan Leather" announcement of 17 May 2021.
That’s the shares sold so up we go!United Oil & Gas PLC - Director/PDMR Shareholding #UOG @UOGPLC https://www.**********.co.uk/rns/announcement/37205f79-c972-48f7-b4bf-f13702f72cc1 #********** undefined
Along with the markets being down the news has not been well received at all. I think they need to do or say something about it that doesn’t make matters worse. The disappointing aspect is that it doesn’t look great even though I’m ok with it as long as that’s it done. No more pay rises etc until the market cap is a lot higher.
https://amp.jamaicaobserver.com/business-report/french-company-contracted-to-support-
Certainly looks like Jamaica are onboard for any potential drills offshore
jamaica-s-search-for-oil-three-month-contract-covers-training-and-the-preparation-of-a-paper-exercise-for-the-spudding-of-an-exploration-well_220921?profile=1606&profile=1606&__twitter_impression=true