FEC’s Guyana prospect I actually like FEC’s Guyana prospect a lot. FEC has 81.3% Economic Interest two blocks in Guyana: Corentyne and Demerara! FEC has 72.41% interest in CGX Energy and 33% stake in each block. I believe Guyana is still a hot spot for offshore drilling. Corentyne block Given

I currently work in one of the top tier tech companies in Silicon Valley and it’s definitely a rewarding experience. I get to work on the greatest and latest products used by a majority of the population on this planet. I get to work with one of the greatest minds

The Company will raise gross proceeds of £14.1 million pursuant to the Placing. The Placing will result in the issue of a total of 141,203,891 new Common Shares and 70,601,945 Warrants. The Placing Shares will represent approximately 17.3 per cent. of the Enlarged Share Capital. source: https://ceo.ca/@newsfile/proposed-placing-to-raise-141-million 17.3%! As a

My notes Cash > Debt by $10MM USDCashflow from Oil and Mid StreamCost of oil approximately $25/bbl USDMidstream Infrastructure is a little bit messy to meBook Value of Infrastructure investment = ~260MM USDattack riskscommitments to finance infrastructurenote: I want to discount all infrastructure value until I get more clarity15MM USD

Thoughts Jamaica is a wild cat prospect, definitely high risk but that’s what will take UOG to the next level. I have some notes on the risks and thoughts on what might happen. 20% Chance of Success I personally think there is higher than 20% chance of success in Jamaica