Its trading around cash backing i think UOG has an extensive tenement package in Western Australia which is prospective for uranium, copper, gold and molybdenum. Bungalow Well, Four Corners Bore, Walling Rock and Galah Rock projects all cover interpreted paleochannels with high-level uranium sample values and/or radiometric anomalies. The Bungalow Well project covers about 100 sq km of highly prospective ground with uranium mineralisation indicated by surface sampling and several drillholes. The Rubberoid Well project contains uranium prospectivity in a geological setting similar to that hosting the East Alligator River uranium deposits in the Northern Territory. The company also has interests in two petroleum permit applications and one granted petroleum permit covering a total of 27,000 sq km in Western Australia and the Northern Territory.
UOG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
