Urals Energy Share Discussion Threads

[calmtrader] 13/9/2016 18:47

I like the idea of buying reserves @ 9cents a barrel and the fact it will reduce costs ... If they use debt to do that that's ok with me

[rcturner2] 13/9/2016 18:23

Having read this thread as long as I have, I think those with a vested interest couldn't give a toss about the figures. They regard any statement as wonderful news.

[chavitravi2] 13/9/2016 16:15

Sure will, especially if you have a vested interest!!

[rcturner2] 13/9/2016 15:24

End of september we will get the interim results and will find out the debt position and cash burn as at the end June, which should be interesting reading.

[neilyb675] 13/9/2016 12:44

Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce, that further to the Company's announcements on 25 May 2016 and 11 August 2016, the loan provided by Petraco Oil Company Limited including accrued interest has now been settled in full.

[tone the bone1] 13/9/2016 12:35

They are doing 'what it says on the tin'
Here's hoping all their other plans do too.

[calmtrader] 09/9/2016 13:08

tone 2.85p is very cheap..we should get the resource update soon

[effiert] 09/9/2016 13:05

HUR!! WOW "This confirms the discovery to be one of the largest in recent UKCS history"

pounddreamer9 Sep '16 - 12:49 - 10276 of 10278 0 0
Proactive Investor.
Note the clarification on where the flow comes from!
12:27 09 Sep 2016
Hurricane Energy
Hurricane has announced that 205/21a-7, the pilot well, has completed its logging and testing phase and will now be abandoned in preparation for side-tracking the top hole to form the 7Z horizontal well. There can be little dispute that this has been a genuinely significant discovery which adds meaningful barrels to the company’s reservoir model exhibited at their Capital Markets Day back in June. The bare facts are that the company has announced a ‘very significant’ hydrocarbon column of at least 620m which extends well below the structural closure at 1,380m TVDSS. The provisional analysis indicates a minimum ODT at 1,620m TVDSS, 240m TVD below structural closure and wireline samples of Lancaster type oil at 1,640m. If that wasnt enough then the secondary target of the Victory sandstone reservoir flowed at 6,600 bopd up to 11,000 bopd with artificial lift and submersible pump which is way better than expectations.
What does this mean for the Lancaster resource range? Well the numbers immediately move up from the 200m barrel mark shown at the capital markets day which was then a 50% chance and is now more like a 90% chance and with such a discovery one should make the range at least 350m barrels and more likely 500m a realistic target if not significantly more. This confirms the discovery to be one of the largest in recent UKCS history and more than justifies the management decision to abandon the farm-out discussions and raise money from Kerogen, Crystal Amber and other institutions. With the company moving on to drill the horizontal well which is designed to provide a second future production well and be part of the well stock for the EPS things can move ahead fast. One of the big advantages of this is that first oil is likely as soon as 2019 from two wells with an FPSO, if this is much bigger than earlier thoughts these plans may yet change. The high case EPS number indicates that should all these numbers be vindicated then this truly is a ‘UK game changing field development’ and this will truly be only the first stage in such a development. With a probable farm-out on better terms and not forgetting other portfolio prospects such as Lincoln, Warwick and Whirlwind to assess, I consider the 50% rise in the stock this morning to be just the start for Hurricane, as if anyone ever doubted it…..

[tone the bone1] 09/9/2016 13:01

Me thinks 2.85p is still very cheap but agreed to see the buy price creeping up is positive .

[calmtrader] 09/9/2016 10:27

doesnt seem to be any cheap UEN around anymore

[calmtrader] 07/9/2016 11:32

Yep great tip Chav

[tone the bone1] 07/9/2016 10:24

Wave your magic wand over here please Chavitravi2

[chavitravi2] 07/9/2016 09:26

Jeez, you guys watching SOLG. Over 12p now, gone up over 200% since I last gave heads up a month ago. How I wish I could have afforded more then or before when 2p-3p some months earlier. Oh well, that's life.

[tone the bone1] 07/9/2016 09:10

Good luck calmtrader .Mine are now all tucked away in ISA's for a later date.
We sit back and be patient and listen to Yazz "The only way is up baby"

[calmtrader] 07/9/2016 08:22

Been buying a few over the last couple of weeks...tuck them away and see where we are in 6-9 months

[neilyb675] 05/9/2016 07:21

Deal completed.

[chavitravi2] 25/8/2016 15:47

SOLG on a roll again. A number of big miners interested and doing due diligence by all account.

[spagboll] 24/8/2016 14:09

The deal looks sound but the financing looks strange. But then a combination of AIM and Russia that is to be expected I guess.

[tone the bone1] 24/8/2016 12:03

A growing company in a volatile sector .

[rcturner2] 24/8/2016 11:31

gunner you are right, poor company in a poor sector

[gunner71] 24/8/2016 11:31

You see the share price drops on good news we need a freaking miracle here to send it north Russia is out of favour and so are we ! One day rodders one day

[caledoniaman1] 24/8/2016 11:22

DUNG - UTTER DUNG !!!!!!!!!!!!!

[amargosa] 24/8/2016 11:15

Did they only need to delay the deal for a week to avoid a loan from an interested party (C of I)?