Next Investors logo grey

UIL ticks another box in preparation for 2017

Published 13-DEC-2016 14:12 P.M.


1 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

UIL Energy (ASX: UIL) has taken another step towards developing the Ocean Hill prospect located in the Perth Basin of Western Australia with the appointment of Ecologia Environmental Consultants.

The group which has completed 230 environmental projects over the last five years will conduct an on ground environmental assessment in relation to the planned Ocean Hill 3-D seismic program.

This news comes on the back of last week’s announcement that the company had engaged Aztech Well Construction to prepare the Ocean Hill 2 well design which will be submitted to the Department of Mines and Petroleum for approval.

UIL is planning the acquisition of 3-D seismic data covering up to 250 square kilometres of Ocean Hill permit EP495. The environmental assessment will form part of the environmental approvals, paving the way for the commencement of key developments in 2017.

Investors considering UIL should not use forward-looking statements alone or assumptions to form the basis of an investment decision. UIL is an early stage exploration company and independent financial advice should be sought if considering this stock.

With regard to UIL’s assets, the company’s permits (as outlined below) in Western Australia provide it with access to the largest domestic gas sector in Australia.

Management has highlighted that the gas market in that state is supply constrained with estimated gas prices to rise above $10 per gigajoule in real terms over the next 16 years.

Next Investors Image

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.