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UEP Umc Energy

0.505
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Umc Energy LSE:UEP London Ordinary Share KYG0698M1015 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.505 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.505 GBX

UMC Energy (UEP) Latest News

Real-Time news about Umc Energy (London Stock Exchange): 0 recent articles

UMC Energy (UEP) Discussions and Chat

UMC Energy (UEP) Most Recent Trades

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UMC Energy (UEP) Top Chat Posts

Top Posts
Posted at 22/12/2015 16:10 by papillon
UEP is not very popular, going by the number of posts recently; NONE! Not surprised as it looks to be a bit of a dog.
Posted at 13/1/2015 17:16 by nazrat
A quick stab at some possible outcomes.

1, The drilling campaign is going to be announced with the date of the first spud.

2, CNOOC have decided not to start a drill campaign because of the current oil price and are looking to pay a penalty payment to UMC for pulling out.

3, CNOOC are going to do a buyout of UMC and then that will give them more room to maneuver on the licences. Abet the PNG government would have set a maximum time limit for proving up the licenses.

A any of them should get the share price moving in the right direction....I hope.
Posted at 13/1/2015 14:22 by hiddendepths
I wonder if CNOOC are taking them out. If they believe in the acreage, as I do and as they have said in the past, it would be a very cheap way of upping their interest. Screamingly cheap in fact.

It breaks my heart how many appallingly mispriced oil stocks there are at present. In most cases, no rectification is likely in the foreseeable future and they can't borrow or raise the small sums to demonstrate the value. So many of them will die or get bought out for a fraction of their intrinsic worth.

If CNOOC is about to pounce on UEP, it's hardly great news for we holders who think the shares are worth so much more. :-( Still, I suppose it gives us an exit.
Posted at 12/1/2015 17:55 by buoycat
The price is not being pushed just by a few trades. There must be some news leaking...
Posted at 27/7/2013 08:51 by mpclag
isnt it just the coal price makes this less economically viable?
Posted at 26/7/2013 15:41 by daytraders
Terrible, what has happend here ? where is the RNS saying they know of no reason why the share price has falling so bad.
Posted at 01/5/2013 14:58 by ceohunter
*TOMORROW*
The directors of UMC Energy (AIM: UEP), Falcon Oil & Gas (TSX-V, ESM, AIM: FOG), Paragon Diamonds (AIM: PRG) and Magnolia Petroleum (AIM: MAGP) will be presenting:
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

REGISTER HERE:
Posted at 26/6/2012 16:04 by kiwimonk
Never know with big blocks, it might be transfer from one holder to another for a penny difference in advance of something corporate.

Maybe the Chinese have struck big oil, UEP has the potential to be a giant.
NSN likewise if it holds it's stake.
Posted at 09/5/2012 12:08 by sideshowbull
TIDMUEP

RNS Number : 9723C

UMC Energy PLC

09 May 2012

9 May 2012

UMC Energy PLC

("UMC" or the "Company")

Additional PNG Petroleum Prospecting Licence Grant

The directors of UMC are pleased to advise that Gini Energy Limited ("Gini"), in which the Company has a 30 per cent. equity interest, has been granted onshore Petroleum Prospecting Licence No. 405 by the government of Papua New Guinea ("PNG").

PPL 405 consists of nine graticular blocks 2299 - 2302, 2372, 2374-5, 2444 and 2447, located in the PNG highlands, and has an initial exploration phase of six years.

As previously advised, the remaining 70 per cent. equity interest in Gini is held by CNOOC Australia Limited ("CNOOC"), a subsidiary of CNOOC Limited, the Chinese multi-national oil and gas company listed on the New York and Hong Kong Stock Exchanges.

CNOOC is responsible for funding all expenditure in respect of PPL 405 and is required to comply with the minimum work obligations during the exploration phase. Such expenditure will be repaid to CNOOC out of production revenues and off take of oil and gas should production occur. If exploration and appraisal work indicates the probable existence of commercial reservoirs of oil or gas in any part of PPL 405 at the end of the exploration phase, the parties must each finance their pro-rata share of all expenditure required in respect of the development plan either themselves or by procuring sufficient finance from a third party.

For further information:

Enquiries:

Chrisilios Kyriakou, Chairman

UMC Energy Plc
Posted at 09/5/2012 11:50 by sideshowbull
Free Float 11%
PNG licences funded by CNooc, and..

My few notes from Jan 2011:

DYOR etc

UMC energy:
SHARES IN ISSUE FULLY DILUTED = 244,444,763
SHARE PRICE = 1.25P
ALL TIME HIGH= 60P
YEAR RANGE =1-2P
MARKET CAP= £3,055,559,54
FREE FLOAT 11.4% = 27,866,702, PI SHARES,
The percentage of shares not in public hands is 88.60%. Significant shareholders are Natasa Mining Ltd (83.5%) and Cline Mining Corporation (5.02%). There are no restrictions on the transfers of the Company's securities.

PROJECTS:

Exploration programme
The Company owns an 80% equity interest in URAMAD S.A. URAMAD S.A. holds a number of exploration permits issued by the government of Madagascar (the "Exploration Permits").
The Exploration Permits, which have been granted for 10 years expiring in 2015 and 2016, are located in the Morondava Basin in western Madagascar, which is infilled and layered with sediments, most notably the Karoo formation that hosts uranium mineralisation.
The areas were previously identified and explored during the uranium cycles of 1956 to 1963 and 1979 to 1982 by the United Nations (PUND) and the Office of National Mines and Strategic Industries, a Malagasy State body, ("OMNIS") respectively. Later, the French uranium company Cogema took on large permits and continued regional exploration that terminated in the late 1990s with the downturn in uranium prices and demand.
URAMAD is the owner of a data base for the Morondava Basin that includes the results of airborne geophysical and radiometric surveys, drill logs for 790 drill holes (approximately 83,000 metres of drilling) with indicated uranium values, and visible uranium mineralisation associated with targets picked from 7,000 radioactive anomalies, recorded and plotted.
CONS
CHAIRMAN'S STATEMENT
For the six months period ended 30 June 2010
Madagascar is continuing to experience a period of political upheaval and uncertainty. Although the Company has not, in any way, been negatively affected by these events, it has resolved to take a cautious approach to exploration and accordingly has not conducted exploration activities during the first-half of the current financial year and does not expect to undertake any material exploration activities in Madagascar whilst this period of uncertainty prevails. Given these circumstances, the Directors have resolved that it is appropriate to recognise an impairment adjustment of £655,000 against the carrying value of this intangible asset.
C Kyriakou
Chairman


The project has yet to reach a stage of development where a determination of the technical feasibility or commercial viability can be assessed. In addition, as Madagascar is presently experiencing a period of political upheaval and uncertainty, the Company has resolved to take a cautious approach to exploration and accordingly has not conducted exploration activities during the first-half of the current financial year and does not expect to undertake any material exploration activities in Madagascar whilst this period of uncertainty prevails. In these circumstances, whether there is any indication that the asset has been impaired is a matter of judgement, as is the determination of the quantum of any required impairment adjustment. The directors have used their experience to conclude that an impairment adjustment of £655,000 is required in the current period (30 June 2009: £nil).

SOURCE;


MAYBE CHANGING?

chief of state: President Andry RAJOELINA (since 18 March 2009)
head of government: Prime Minister Albert Camille VITAL (since 18 December 2009)
cabinet: Council of Ministers appointed by the prime minister
(For more information visit the World Leaders website )
elections: president elected by popular vote for a five-year term (eligible for a second term); election last held on 3 December 2006 (next to be held on 4 May 2011); prime minister appointed by the president
election results: percent of vote - Marc RAVALOMANANA 54.8%, Jean LAHINIRIKO 11.7%, Roland RATSIRAKA 10.1%, Herizo RAZAFIMAHALEO 9.1%, Norbert RATSIRAHONANA 4.2%, Ny Hasina ANDRIAMANJATO 4.2%, Elia RAVELOMANANTSOA 2.6%, Pety RAKOTONIAINA 1.7%, other 1.6%; note - RAVALOMANANA stepped down on 17 March 2009
note:: on 17 March 2009, democratically elected President Marc RAVALOMANANA stepped down handing the government over to the military, which in turn conferred the presidency on opposition leader and Antananarivo mayor Andry RAJOELINA, who will head the High Transition Authority; a power-sharing agreement reached in August 2009 established a 15-month transition period, concluding in general elections in 2010; as of December 2009 the agreement had not been fully implemented

Legislative branch:
bicameral legislature consists of a Senate or Senat (100 seats; two-thirds of the members appointed by regional assemblies; the remaining one-third appointed by the president; members to serve four-year terms) and a National Assembly or Assemblee Nationale (127 seats - reduced from 160 seats by an April 2007 national referendum; members elected by popular vote to serve four-year terms)
elections: National Assembly - last held on 23 September 2007 (next to be held on 16 March 2011); note - a power-sharing agreement in the summer of 2009 established a 15-month transition, concluding in general elections
election results: National Assembly - percent of vote by party - NA; seats by party - TIM 106, LEADER/Fanilo 1, independents 20

Judicial branch:
Supreme Court or Cour Supreme; High Constitutional Court or Haute Cour Constitutionnelle

Political parties and leaders:
Association for the Rebirth of Madagascar or AREMA [Pierrot RAJAONARIVELO]; Democratic Party for Union in Madagascar or PSDUM [Jean LAHINIRIKO]; Economic Liberalism and Democratic Action for National Recovery or LEADER/Fanilo [Herizo RAZAFIMAHALEO]; Fihaonana Party or FP [Guy-Willy RAZANAMASY]; I Love Madagascar or TIM [Marc RAVALOMANANA]; Renewal of the Social Democratic Party or RPSD [Evariste MARSON]

SOURCE https://www.cia.gov/library/publications/the-world-factbook/geos/ma.html







PROS:
Eight exploration permits covering 9,994 Sq. Km in the Morondava Basin filled by the
Karroo continental sediments. Data Base by COGEMA of France, United Nations
(PUND) and OMNIS (Madagascar Government) reports extensive uranium
mineralization and uranium targets by airborne survey and drilling on the URAMAD
Property. 83,000 meters of drilling - 790 holes (7,000 anomalies - visible surface
uranium - 400 tonnes uranium metal drilled off (non 43-101 compliant)). International
Atomic Energy Agency expects several 5,000 to 10,000 tonnes deposits of uranium
metal deposits to be found in the basin.
ENGINEERING REPORT
Caracle Creek International Consulting Inc. Competent Persons Report conclusion:
"
Morondava Uranium Project exploration program should be pursued aggressively"

Valuation:

assuming 5000-10000 tonnes expected this would give a value of $110-$220m based on $10 per lb (used by ARMZ and Uranium one to value mantra)
assuming 5000-10000 tonnes PER DEPOSIT expected this would give a value of $110-$220m PER DEPOSIT based on $10 per lb (used by ARMZ and Uranium one to value mantra) SO SEVERAL DEPOSITS AVERAGE 3 WOULD BE $330-$660M VALUATION.


--
Sideshow
UMC Energy share price data is direct from the London Stock Exchange

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