RE: Has someone got Information regarding the UOG Well, Direct from Egypt.19 May 2023 17:08
Well,if anyone asked me about Insider Information and my buy, I will just say i bought because of the 200 day moving average. That should convince them (:
Rusty, Bromley Boy has sold and is waiting to get back in cheaper. Its his MO. When he does buy back in then you will strangely see his posts become more positive.
The last well came in weeks early. Are these buyers expecting a positive RNS result on Monday. I think it will be the following Monday, but you never know.
Congratulations to those who bought in/back yesterday19 May 2023 12:18
A ridiculous negative over reaction yesterday. The Bright and the Brave realised this .Timing on AIM is crucial. Take UOG for example. The time to buy is now . Watch it re rate just as IQE will.
RE: Successful ASD3 result would mean $18m Net Profit for UOG in next 12 months19 May 2023 09:59
Apologies, you are correct. It is net revenue not profit. It is however Operating profit, the phrase I meant and should have used. Do you know if revenue is calculated pre or post the Government tax take ?
UOG ASD3 results due in approximately 6 trading days time19 May 2023 09:21
"The ASD-2 well has commenced production at an initial rate of c. 2,100 bopd gross (c.462 bopd net), significantly above pre-drill expectations"
If ASD 3 brings in a similar result then this will add on $5 million dollars in net profit in the next 12 months. Dont forget UOGs market cap is only Β£8m. A big re rate is on the cards.
RE: This is the time to buy UOG, which is fantastic value18 May 2023 15:01
This is true, but you fail to understand what Odds are. You say that there are 5 possibilities. Pray tell what is 4 plus 1 ( from4 to 1 on). On means positive, the numbers relate to the chances of success ie 4 chances of success v 1 of failure. That is a 80% success rate .
Risk Reward, which is highly in favour of UOG at the moment."18 May 2023 14:42
Blame Throwers 14.13 post today. He Finally realised that UOG is undervalued and a great investment. Risk, very small. Reward 10 Billion barrels of Oil. Now that's what I calla good risk reward ration. The time to buy is now. If you want to sell when it gets to 2p thats fine.
RE: This is the time to buy UOG, which is fantastic value18 May 2023 14:32
You have clearly realised that you are wrong and are acting like a spoilt child , who wants to take his ball home. I ask again what has working in the Industry got to do with mathematical odds. Is mathematics different in the oil industry .
RE: This is the time to buy UOG, which is fantastic value18 May 2023 14:26
Odds on is a betting term. Its the same thing . "So a 20% chance means a 1 in 5 chance of success! i.e. 4 in 5 chance of failure. "If you worked in the industry you'd understand my point".
What has working in the industry got to do with how odds are calculated.
RE: This is the time to buy UOG, which is fantastic value18 May 2023 14:23
BlameThrower you really are an idiot.
"He is clearly a very bad investor and is not capable of understanding Risk Reward, which is highly in favour of UOG at the moment."
I stated that the chance of success of the ASD3 well was 4 to 1 on. That means that it has a 4 times better chance of being successful than failing. What level of education do you have. You dont even appear to be able to understand basic English.