There was a poster boom123 whom stated that clp was circle of the same people and same companies in effect money laundering . His posts were removed but stated this exact thing . I have been invested here and done well last investment on the crypto up and down .
Serious questions need be asked about the structure of this company and also the way RKB is constantly in the loop. Clearly a nomad or something .
Honestly believe clp could be delisted at any minute
The asset, which is also part-held by Kuwait Energy, Global Connect, and Dover Investments, contains seven operational fields with 17 wells producing more than 5,100boepd, 1,100boepd of which would be net to United. What’s more, Rockhopper believes that Abu Sennan offers plenty of upside potential, which it is currently trying to access through an infill drilling programme. The concession’s most recently-report working interest came in at 2.64MMboe, and it also contains an extensive exploration area with its own prospect and lead inventory.
United expects to fund its acquisition through a combination of prepayment finance, its equity, and existing cash resources. Notably, oil major BP will provide the business with a senior secured prepayment financing structure of up to $8m to fund the acquisition. The two organisations have also entered into an offtake agreement concerning United’s future oil and gas production.
Don't know any other micro O and G comp in bed with BP
-- CPR commissioned by operator Po Valley has added significant resources to the Podere Gallina Licence, onshore Italy
-- Includes 14.1Bcf of additional gross Contingent Resources and a 74% increase in the unrisked mid-case gross Prospective Resources to 91.5 Bcf
-- CPR confirms the previously reported gross 2P Reserves of 13.3 Bcf assigned to the Podere Maiar-1 well (Selva Field)
-- First production from the Selva Field remains on schedule for 2020, targeting rates of 150,000 cubic metres per day
United Oil & Gas Plc, the AIM-traded oil and gas exploration and development company, is pleased to announce a significant upgrade to the reported resources for the Podere Gallina Licence, onshore Italy.
Further to the RNS released on February 7 2019, a CPR covering all of the Podere Gallina Licence, including the Selva Malvezzi Production Concession has now been commissioned by Po Valley Energy Limited through consultants CGG. In addition to the gross 2P Reserves of 13.3Bcf that were previously reported, a further 14.1Bcf of gross 2C Contingent Resources, and 91.5Bcf of unrisked gross Prospective Resources have now been included in the resource inventory. United Oil & Gas holds a 20% economic interest in the Licence.