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UEP Umc Energy

0.505
0.00 (0.00%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.505 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

UMC Energy Share Discussion Threads

Showing 1601 to 1623 of 1675 messages
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
22/2/2013
10:26
Website -

January 2013 presentation -

The company also has some uranium exploration permits in Madagascar but this project is on the back-burner.

Planning a Hong Kong listing in early 2013.

wassapper
14/1/2013
13:57
Hong Kong listing planned. Should be good!
wassapper
20/8/2012
07:51
300k reason for rise on friday, exciting times ahead, imo. GLA.
ducatiman
20/8/2012
07:45
SOmething cooking here - large shareholdings changing hands

300k delayed buy

Wonder if the Chinese have struck oil, or are planning t/o...

jc111
11/7/2012
15:42
Breakout with a test of support and on reasonable volume. Whats up?
mcbull
03/7/2012
09:40
finance director just bought 500,000, over £50,000 worth.
daytraders
26/6/2012
16:29
With not much change in SP, they def already had a home, the later buys are more interesting...
sideshowbull
26/6/2012
15:04
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.

kiwimonk
26/6/2012
14:46
just look at those sales
soft t
15/6/2012
06:47
Presentation on web site:
sideshowbull
30/5/2012
11:54
Final results out. GLA
mcbull
28/5/2012
10:21
holding news out ....
look here guys ..

b2l
09/5/2012
19:13
Sooooooo under the radar!! Come on uep, give us some more info:- areas, prospectivity, exploration timetables. Has to be good for cnooc to get involved up their gonads so shout it out please, TIA, duc.
ducatiman
09/5/2012
11:08
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

sideshowbull
09/5/2012
11:00
Flag breakout...
sideshowbull
09/5/2012
10:50
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

sideshowbull
09/5/2012
08:55
Looks like the bull flag may play out.
None offered

sideshowbull
23/4/2012
11:50
try this

latest announcement, it won't let me post it

jonno1
23/4/2012
05:50
JON, can you copy the article please as it is aking to log in, tia, duc.
ducatiman
05/4/2012
08:34
The main interest here currently is the png licences and cnooc farm in but the moil news should be seen as positive for uep. Don`t forget they have uranium acreages in Madagascar, which I believe are very prospective

"MADAGASCAR OIL LIMITED
("Madagascar Oil" or the "Company")
5 April, 2012
Update on Exploration Blocks
Madagascar Oil is pleased to announce that it has successfully resolved the outstanding issues with the Government of Madagascar surrounding its three exploration blocks ("the Exploration Blocks"). Key Updates
0 Following a recent Management Committee Meeting with OMNIS, the state regulatory agency responsible for overseeing the country's oil and gas operations, the validity of the Production Sharing Contracts ("PSCs") for Blocks 3105, 3106 and 3107 was confirmed and the forward work programme and budgets for the blocks were approved.
0 This means that Madagascar Oil and the Government have now resolved the outstanding issues surrounding the Exploration Blocks and there are no further disputes with the Government of Madagascar regarding the Company's licenses".

ducatiman
03/4/2012
15:20
happening all over with mm stocks. Big limits for some but not others. Year end stuff I think. Have a mate with idealing saying difficult to buy quantity.
ducatiman
03/4/2012
15:14
1.25m offered on IWEB wish i had the dosh to take them lol
sideshowbull
03/4/2012
15:05
only offered 100k @8.7 with protrader only 5000 offered @8p
jonno1
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older

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