Member Info for Timetomultibag

It's a gamble . Like lottery ticket .
You hope that something unexpected may happen out of the blue.

Truth is it should really be delisted, I'm amazed Simon and co have the nerve to keep this sham going

Where's that poster Greg gone ?? Ramped this pretty well . I'll admit I stupidly averaged down cos of his posts ffs

It's time to pull the plug on this sh it now , double up has been proved right again .

Failed project after failed project the worst on aim

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.

Morning
Do BP have a significant presence in the Caribbean ?

Hi all, sitting patiently waiting for placing sellers to ease up . Nice the about the Italian project progressing nicely.

Hoping flow rate ash 2 news week or two away as yet , powder ready for any weakness 3p level .

We think united is going to rise ,Hoping rockhopper agree and obide by

Any Consideration Shares held by Rockhopper in United are subject to certain lock-up and orderly market disposal provisions for a period of up to 12 months from completion.

About Abu Sennan

 

·    For the year to 31 December 2018, Abu Sennan produced approximately 813 barrels of oil equivalent per day net to Rockhopper's 22% working interest.

·    Revenue and profit/(loss) after tax of US$6.2 million and US$(2.2) million respectively are attributable to Rockhopper's 22% interest in Abu Sennan in the 12 month period to 31 December 2018.

·    Net Book Value for Abu Sennan for the year ended 31 December 2018 was US$13.8 million.

 Excluding 22% of 7000 bopd and 50 metre column awaiting flow results and further testing

Back dated to jan 19 .
$$$$$$$

Uog superb value sub 4p

Morning all ,passiton you stole my thunder.

That article was a few weeks after the forced rns , so they must have a good idea of further developments.
Nice to see blue pondering a top up .

GLA

BP connection

Yes BP !!!

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

20p CONSERVATIVE 1-1-2021 target

United Oil & Gas PLC ("United" or the "Company")

Significant Upgrade to United's Italian Resources

-- 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.

United Oil & Gas PLC (LON:UOG) told investors that its Colibri exploration prospect, offshore Jamaica, has been estimated independently to host some 229mln barrels of oil potential.

A new review of the Walton-Morant licence by consultant ERC Equipoise has upgraded the view of the exploration partnership with Tullow Oil.

Colibri is only one of a number of high impact areas seen within Walton-Morant, and, United noted that the latest assessment is encouraging as a farm-out process progresses to bring in additional partners to the licence.

The high-grade undrilled Colibri prospect has not only passed robust and comprehensive technical scrutiny by an independent third party, but ERCE has seen fit to upgrade the gross mean unrisked prospective resources to 229 MMstb and to increase the likelihood of success,” said Brian Larkin, United chief executive.

“This is a standout outcome, as it is not uncommon for volumes to be downgraded when structures, that have previously been identified on 2D seismic, are mapped on a 3D dataset.” 

The next step for Colibri would be making the decision to drill what could be a transformational well for United and, with this in mind, we are working closely with Tullow on a forward plan for the licence.”

Larkin highlighted that there has already been considerable industry interest in the Walton Morant licence and the new upgrade, along with ongoing seismic exploration work, is expected to give additional impetus to the joint farm down process.

United is confident that the farm-out process will allow it to participate in the Jamaica opportunity with low-cost exposure.

Maybe United's friends at BP kindly assist

Rockhopper Exploration, the company with key interests in North Falkland Basin and Egypt, reported that its Egypt production holds steady at 5,100 barrels of oil equivalent per day (bopd), while its latest spud well ASH-2 awaits final commissioning.

The committed ASH-2 well, which was spud in Oct, has reached total depth of 4,030 million measured depth (MD) in the Alam El Bueib Formation on 22 November 2019, Rockhopper said.

The well was drilled as a vertical hole to appraise the Alam El Bueib reservoir to the WSW of the existing well ASH-1ST2, which currently produces 340 bopd. Petrophysics indicate 50 m of net oil pay in ASH-2.

Modular formation Dynamic Tester (MDT) pressure data indicates the reservoir is un-depleted, close to initial reservoir pressure.

Backdated

Good evening ,
Just looking through the trades seems large volume kicked in at 1430 . Market makers had been fishing all morning to fill some big buys it seems ?

Some nice buys there, big interest in this share at the minute .
Roll on Monday

I'm keeping it a conservative 20p although looking at some of the possibilities it's very much conservative.

Good buy any thing under 4p imo

Nice------
a journalist specializing in energy affairs, as saying that the new oil and gas field discovered in the Western Desert was a huge field compared to previous discoveries in the same area, stressing that this discovery will open the door to the possibilities of finding new oil fields in the Western Desert.

Read more: https://www.al-monitor.com/pulse/originals/2019/12/egypt-oil-gas-field-discovery-western-desert.html#ixzz69uEPWAck

Hi
Yes you could be correct regarding my target , but it's best to keep things realistic.
Not over concerned about a bit of flipping of placing stock , there was a very high volume day on last rns it will clear in the end .

Good opportunity to buy imo

Hi all taken a large ish chunk here today , 2 of my buys showed in red 1 in blue. Was briefly NT about 1050 this morning.
20p 1-1-2021 target !!!

Cash positive O and G comp with connections galore can't see much downside.
3.8p goes it's flying to 6p.

GLA

Really fancy RBD to have a good run , a little unloved but at this price and with WN on the horizon a banker for a few pence .

Such a shame I can't buy via Lloyds to add to another 2020 banker UOG

Hi all I was in adl for colter drill . I believe that had a element of credibility but as for the recent I'm not so sure .

I'm amazed how Simon has the nerve to keep this cycle of failure going his c.v is actually not a horror adl accepted. ...so his reputation is being or has been destroyed by adl

The crazy thing is with the millions that have been spent.on failure they could've taken hold of a genuine investment

Maybe it's time for this fraud to be removed form aim ?? Enough chances have been given.