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
  +0.00p +0.00% 0.505p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.9 -0.6 - 2.45

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DateSubject
28/9/2016
09:20
UMC Energy Daily Update: Umc Energy is listed in the Mining sector of the London Stock Exchange with ticker UEP. The last closing price for UMC Energy was 0.51p.
Umc Energy has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 484,444,763 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Umc Energy is £2,446,446.05.
13/1/2015
17:16
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.
26/7/2013
15:41
daytraders: Terrible, what has happend here ? where is the RNS saying they know of no reason why the share price has falling so bad.
09/5/2012
11:50
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; http://www.umc-energy.com/news/20100929%20UMC%20Interim%20Results%2030%20June%202010%2029.09.10.pdf 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
19/10/2011
15:25
sagem: So whats happening to make this share price rise ? are thety going to be bought out or is it the other waY ROUND NSNS
09/6/2011
16:27
sideshowbull: Been looking back at my notes from when I bought in, things have changed (PNG licences)which has made it even more attractive: 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; http://www.umc-energy.com/news/20100929%20UMC%20Interim%20Results%2030%20June%202010%2029.09.10.pdf 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
19/4/2011
17:44
philjh: so where next for the share price? why the rise in the run up to the results? ... all rather baffling
03/11/2009
09:16
264091: Am I reading this right? The directors awarded a rights issue to their own company at a fraction of the share price. Isn't that robbery in the daylight?
26/10/2009
14:17
johndee: Its held in too few hands. 80% by one institution...bad for share price.
12/10/2009
10:15
newswseller: Thanks for the mention of this on the NVR board.. You may also want to take a look at INL INL share price to buy is 12.7p, NAV is 24.9p and gearing is only 16.3%. So thats a 50% discount to NAV which would give you a 100% rise just to get to NAV... Large 330k buy on friday (results day), which i suspect is the director buying, so expect a RNS anyday confirming that..
08/10/2009
12:03
fairdeal2008: Rather prefer to see the share price move up whilst I can still remember... lol
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P:34 V: D:20160929 03:22:49