Member Info for Wolfofsomewhere

New ceo and one of the directors have just bought on the open market. Must mean all the bad news is behind them and they are confident moving forward.

Until placing is completed this is uninvestable. Really hope Miles and Lombard are not involved as that will show corruption of the markets.

Final dump, seen this happen so many times before, the last few shares are cleared at a lower price and then the bounce begins.

Been watching for ages but not bought in as have been curious about why the price has been held down. After seeing the RNS this morning am now confident it should rise freely due to Zion being fully out. Am now in, should see 30 p soon and then 40 p hopefully by the end of the santa rally, if it happens this year.

Doid just got more skin. This is positive news as proves they are still interested.

That would have taken a while to burn through so will have been sold over a long period of time, otherwise there would have been a big drop today. Hopefully that seller is done now.

Just joined you at 2.5. As previous comments have suggested, this is way oversold now and a cracking entry point.

Its just a matter of time before this share rerates, every time they put the drill bit down they seem to hit the jackpot.

Someone seriously not happy with this mornings RNS. My guess is its one of the placees as surely noone else would be selling at 0.18.

Obviously the cash position is good.
The number and quality of the parties conducting research in Jamaica assets.
Maria licence contingent resources report coming soon.
Both the next two drills have a big upside potential to improve the current production levels.

I must say i was expecting a bad rns this morning but that was actually a pretty good update. Nearly half the company mcap is cash. Am certain this is now the bottom and if any of the next two wells come in or Jamaica farm out agreed the share price will rapidly change direction.

Some large buys going through today making your reasonably sized 169k look small

Just for clarity all but one of the sells this morning before 8:10am this morning were mine. I still believe just when the share price tumbled to 1.25ish i over exposed myself so have offloaded about £40k. Apologies for the negative effect on the share price.

Yun, i work in the oil industry and it works a little differently to most industries. In a recession the oil industry tends to be booming so the chances are these oil prices are here to stay for quite a bit longer than a year.

Think the mm’s got this wrong and priced the drill result as a duster in a company thats not producing. I have snaffled up another 2 lots under 2p this morning. Didnt think i would get that opportunity and who knows the well could still flow.

Jono, i think Geowiz is talking utter nonsense. All wells decline overtime but UOG keep drilling and finding more. They are also rattling off that debt and have made money from selling assets recently so the statement about no cash in bank is also false.

Totally agree with MJ & GH, its only a matter of time and this company share price will catchup, i do keep topping up when cash comes available as i know at some point the tide will turn. Whats annoying is it will probably happen on news of a Jamaica deal when really that is very speculative, but it seams thats the sort of thing the market likes and will bring with it all the day traders. The way i see it is to buy now when no one else is interested and then when all the day traders do turn up, we will be in a strong position and will be given the opportunity to make a profit out of them.

Having watched this slip in price over the past few months and having jumped out previously at a loss i now feel its time to get back in as the fall appears to have stopped. Level 2 is also looking good for a rise if interest picks up. I have put a first tranche in and overtime may add more but hopefully as others have suggested we will now start to see a flurry of news as its been a very long time since anything of note was RNS’d

Cane i was in i3e aswell and it was similar in the way the price never moved for years and then its only been this year that the previous funding arrangements had finally run its course (warrants etc) and the share price was able to move. I see a similar thing happening here but on a smaller scale bopd wise. You seem to be missing the fact that although there wasnt much money in the bank at year end they have substantially cleared the debt and as previously said by others by summer they will be sat on £6-8m in the bank.
Even with decline each well is paying back its cost within a year and so far every drill hole has been a success so for me holding uog at this level holds no risk whatsoever we just need a catalyst to get the share price moving and that is what this share is missing. Am hoping with the increased interest in their other assets that by winter something will have happened to take the share price much higher than where it sits now.

Yeah Duster i have been sat thinking about the results today. It seems when i entered uog years ago i expected far too much from them as i thought farm out would be done and they would be racking in the money but initially it wasn't like that as all the money was going on paying the debt, drilling new wells and annoyingly giving themselves pay rises. However fast forward a few years, we now have the higher oil prices, most of the debt has been repaid, Egypt is comfortably taking care of itself so maybe now is the time for UOG to start its growth to mid cap status and finally i can see a good return on my investment. I honestly dont see a better time than now to invest in UOG and maybe the dream of a Jamaican farm out is close as when/if that happens the share price will fly especially as we get close to drilling the well.