Member Info for PDMSPiper

Took another 205471 @ 3.5499. Frustrated I couldn’t buy more last week when it was lower but been waiting for other punts to turn blue so I can exit. Still buying until news from Egypt drops, then it will be sit and hold time. GLA.

Give it a rest Chris. You’ve been calling the bottom ever since you arrived back at 0.79 in a blaze of glory and fireworks. You called about 5 “bottoms” since, “a Golden Cross on the macd”, several “imminent EWT starts and you’ve not been correct once. You’re now underwater with the rest of us so to say you’re full of sh17 is an understatement. If you’re going to make predictions at least have the humility to acknowledge you were wrong instead of arrogantly banging on with new predictions as if your previous ten wrong ones don’t count. They do. You’re continually wrong.

Mohh; If the planned work program starts to become a reality, then yes, it will indeed be game on here. My risk is still low here until things become clearer and I would urge caution until we get some confirmation and clarification.

Yes, two appointments: One new addition to the bod, joining NUOG from a reputable, successful mid tier producer. One addition to management coming from an exploration background, from another, previously more successful junior exploration company. The second part of the rumours concern the intentions of the company regarding deals and the forward work program for this year. The rumours will either prove to be true or will be proven to be unfounded. I’m in now and I’ll stay in until I get more information to make a more informed trading decision. Good luck all holders. We’ll soon find out what all the fuss is about on the jungle drums I’m sure.

I don’t expect anybody to listen. The first part of the rumours involve two new quite high profile appointments to join the company this week. I remain scheptical but I’ll see if that first part plays out first. If that doesn’t happen by the end of the week then I’ll probably sell my little punt and move on. No pasar nada hombre.

Mohh; I think a lot of the historical animosity was directed at Minty, and deservedly so. Fleeced punters for years and never delivered anything.
I don’t see any evidence to believe the new bod are going to be the same. The jury’s out until they deliver something of course but if more people join soon to strengthen the team, people with credible reputations then that will be a further indication of the new bod’s intentions. Let’s see.

Marbur, I would have agreed with you up until late last week when I heard unsubstantiated rumours that I’m not going to repeat on here. However, I bought the rumours for a bit of a punt. If the first couple of pieces of the rumours come true, then I’ll see that as an indication that the rumours could be correct and I’ll buy more. If not, I’ll take it on the chin. Let’s see.

Here.....

British Bulls dot com....

https://www.british bulls .com/m/SignalPage.aspx?lang=en&Ticker=NUOG.L

Last Signal:BUY
Last Close:0.0400
Change:+0.0025Percent change+6.67%
Signal Update Our system’s recommendation today is to BUY. The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.0388, and our valid average buying price stands now at 0.0392. The previous SHORT signal was issued on 23/01/2020, 15 days ago, when the stock price was 0.0482. Since then NUOG.L has fallen by -18.67%.Market Outlook The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.

Ok. Thanks Del and Levi for the replies. Hopefully the deal will be signed off soon and the company will start putting out some effective PR. GLA.

More interesting info from both Del and Fast. Thanks fellas.

Del: Talking of CoS, do we have any CoS figures for these four upcoming drills? I didn’t see any in the company presentation.

Also, I’m confused about the status of the Egypt deal. Some opinion seems to be that “we are producing 1760bopd and rising”, which I assume means that revenue of £1Mill per month or so is currently filling UOG coffers as we speak. Other opinion seems to be that the deal is not yet done, not signed off, not ours yet. For me it’s a simple binary question: Are UOG currently earning £1Mill revenue per month from 1760bopd production or not? Thanks.

Estimated revenues of US $1Billion

Timor Sea
06.02.2020
17:50 GMT
Lusa

Baron Oil shares rise after potential announcement from Chuditch-1 well in Timor Sea

In November last year, the Timorese oil regulator revealed that the Chuditch field, to be developed in a partnership between Timor-Leste and SundaGas, could represent revenues of one billion dollars (907 million euros).

"Estimates are that the project will have revenues of US $ 1 billion, subject to fluctuation," Gualdino da Silva, president of the National Petroleum and Minerals Authority (ANPM), told Lusa at the time.

And he stressed: "We have a structure next to us that we want to test and that, if it allows us to reach 1.2 or 1.3 TCF [tons of cubic feet, in English] will make the project even more economically viable".

Gualdino da Silva was speaking to Lusa after oil company TimorGap, ANPM and oil company SundaGas, based in Singapore, signed a production sharing contract for exploration of gas reserves in the Timor Sea, specifically in the field TL-SO- 19-16, known as Chuditch.

https://www.plataformamedia.com/pt-pt/noticias/economia/acoes-da-baron-oil-sobem-apos-anuncio-de-potenciais-do-poco-chuditch-1-no-mar-de-timor-11793881.html

Looking good for an early rise and another good day. MCap has a long way to go here IMO, true value for this asset is an Mcap of £30Million, that’s a 5X rise from this level with a projected SP rise from 0.3p now to 1.5p. Mcap currently £6Mill at 0.3p. Even if only 10% of the value of the £300Million asset is added to the Mcap then that’s a 5X increase from here.
Timor Sea is a safe area to operate in, rich in hydrocarbon formations. Most of the big players have a presence there.
One small disadvantage is its remote location. I have visited ConocoPhillips Bayu-Undan platforms several times for installation-commissioning-handover when working for Worley Parsons our of Perth and the Timor Sea is a 4 hour chopper flight from Darwin. Many of the operators and rig workers are Ozzie’s and these are very professional operations. These guys know what they’re doing out there and a hell of a lot of capital has poured into the Timor Sea in the last 10-15 years. Happy to be in and hold here. If this pulls back I’ll be buying the dips. A good way to go yet. GLA.

IMO. That’s a 5X rise from this level. Mcap currently £6Mill at 0.3p. Even if only 10% of the value of the £300Million asset is added to the Mcap then that’s a 5X increase from here.
Timor Sea is a safe area to operate in, rich in hydrocarbon formations. Most of the big players have a presence there.
One small disadvantage is its remote location. I have visited ConocoPhillips Bayu-Undan platforms several times for installation-commissioning-handover when working for Worley Parsons our of Perth and the Timor Sea is a 4 hour chopper flight from Darwin. Many of the operators and rig workers are Ozzie’s and these are very professional operations. These guys know what they’re doing out there and a hell of a lot of capital has poured into the Timor Sea in the last 10-15 years. Happy to be in and hold here. If this pulls back I’ll be buying the dips. A good way to go yet. GLA.

I would expect the next Rathlin community liaison meeting to be held in advance of road closures for the start of construction of the service road for WNB.
Roofers Hound on twitter posted all the road closure notices around WNB. As expected, nothing pinned up around WNA. Roofers is a local. He knows the area. His tweet clearly says the closures are planned around the WNB site.

No Croqman. That’s incorrect. No Rathlin liaison meeting until March.

On 22nd Jan Lee Bartholomeusz posted this on twitter....

22nd January.
Lee Bartholomeusz
@leedbartz
Replying to
@*************01
Heads up, I've spoken with Simon Taylor at Rathlin and there isn't going to be a Community Liaison Group meeting in January, contrary to what the official minutes from Oct '19 said. It is expected mid-late February or maybe March. #UJO #RBD

I’m angry with the BOD, Persimmon. It’s their fault that you are back here. The SP should have been up towards 3p by now and you’d be just a weasel bad memory. As it is, they’ve fkd us over with their lack of updates, dilution and radio silence.

For the avoidance of doubt when I’m talking about trading I’m not talking about day trading. Impossible. My strategy here going forward now will be to dump all this holding if I ever get back in profit and then look to possibly buy back in after the next raise. I don’t care if it’s a slightly higher price, if it is it won’t be much and it could well get dumped down to 20% under again even. Long term holding hasn’t worked, undercut and diluted. Not concerned about missing an asset sale. That won’t happen for a few years. I’ll be looking to avoid dilution in future. I don’t doubt the assets are good but the bods strategy involves shutting retail out long term. I’m sure about that.

“Day trading” RBD? What the feck are you on you daft little fkn weasel. This has never moved rapidly enough to day trade in 2 years. If you think so then you obviously don’t even know what day trading is. Muppet.

By the time any of these assets are monitised there will have been several more ii raises that pi’s are locked out of, hence diluting the percentage of the company held by retail into virtually nothing. I see 2 more raises and consolidation this year. They’ll only start selling anything in a few years time when their city mates hold nearly all the stock. Going forward this could be worth trading if you can sell out before the raises. If isn’t a company worth holding long term. You’ll end up with nothing.

No Chris. The pump will be over today then the selling will kick in and by Friday UJO will be back below placing price where it started.