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UEN Urals EN.

35.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Urals EN. LSE:UEN London Ordinary Share CY0107130912 ORD USD0.126 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 35.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Urals Energy Share Discussion Threads

Showing 124951 to 124975 of 133075 messages
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DateSubjectAuthorDiscuss
22/2/2017
10:27
Allenby Capital have updated the Summary for Urals Energy on their website this was long overdue as the summary talked about events from 2013 before the update. It now reads as follows. Highlights are current production 2350bopd and 2p reserves now approaching 100mm barrels (formerly 58mm barrels)

URALS ENERGY

OIL & GAS
Urals Energy is an AIM-listed and Cyprus registered oil and gas concern primarily focused on upstream exploration and production in Russia. The company has highly significant 2P reserves of approaching 100mm barrels located at Kolguyev Island in the Barents Sea, Sakhalin Island off Russia’s east coast and in the Komi Region of Western Siberia. As of early 2017 production was about 2,350 b/d of light crude sourced from Kolguyev and Sakhalin. All production from Kolguyev is exported to Western Europe while output from Sakhalin is mainly refined by Urals local Petrosakh refinery (capacity of 4,200 b/d). Small volumes of Sakhalin crude are also used as direct-burn in local heating facilities and as feedstock for road making material.


from

hxxp://www.allenbycapital.com/clients.html (then click on Russia and Urals Energy to get the summary)

Hopefully this means that we will get a long overdue broker note too (last one was 2013)

djmoggy
22/2/2017
10:02
rest assured this isn't traders driven, and there is no point speaking on the past, because it is past.with new ambitious ceo, future is bright ;)
paul the octopus
22/2/2017
10:01
Topicel I'm not worried about momentum or slow pace.

The last 10 years has seen the company get hammered time after time for bad calls/bad luck (delete as appropriate) starting from foreclosure of loan by Sberbank for Taas/Dulisma (during the 2008 financial crisis) to countless drilling failures/issues due to bad operational calls or difficult geology at Okruzhnoye to less then ideal (behind the scenes)deals between Maximov and Vyatcheslav Rovneiko which led to forgiveness of a $5mill debt owed by Rovneiko (and subsequent resignation by Maximov) to collapse of the oil price and numerous other smaller issues that have held the company back.

As a result the shareprice is way oversold all the good work that Urals management have done in difficult circumstances has not been reflected in the price (Petraco loan renegotiation to remove the threat of bankruptcy, work overs to stablise production, licence extensions, new licence procurement to increase reserve base, year on year cost cutting to make a lean profitable operation in challenging conditions).

As I said at the top - I'm not worried about AIM momentum or perceived slow pace. I'd prefer that management take their time and make the right call/deal. And the shareprice will look after itself once the market see a combination of increase in reserves, increased daily production, increased EBITA.

I firmly believe 2017 will see the start of the increase in all the above and even if the market does not take initial notice and re-rate the shareprice we will still benefit with the commencement of of dividend payments. Current price levels will see impressive dividend yields and that alone will attract new investors and thereby help the shareprice re-rate.

djmoggy
22/2/2017
09:14
Wanna Brew, you only want 3 traders trading 50k each @ 3-4p (£1.5k & £2k) to get your figure! Relatively nothing is it.
chavitravi2
21/2/2017
21:28
Topicel

Re your para 4

I know we will agree to disagree but I just do not see that this has been just 'trader' driven for 2 months. If you check back and look at the charts the volume started to pick up around 18Dec and carried on until last Friday.

We have not seen anything of the like for such a constant time period since Fire East started to accrue and join with Alpcot to try and take control of the board. When this failed Adler bought their interest and then went on to add in the open market when we also similar trade activity over an extended period,

I will agree that several false peaks have been 'trader' driven when share price has fallen quite quickly after traders vanish. This is not the case currently, unless we see a sudden dip in the coming days.

The lack of volume now could just be that someone has reached their gaol, together with pi's taking a breather to see where we are headed next. I don't have the total volume over the 2 month period of activity but if that is suggested to be just trader driven, this goes contrary to any other period, except when there has been professional accumulation.

The market currently have a wide spread, that does not accurately reflect the true bid/offer.

I will throw this in the ring, an interested party could indeed have private talks with Adler, without the boards knowledge, I doubt it but it is possible and to what end, who knows.

If this is truly just trader driven, then its been over the longest period ever in recent years.

As I said at the beginning we will agree to disagree.

I will leave you with this little addition to mull over, just 150000 shares a day accumulated in small trades over the roughly 40 trading days volume has been constant would equate to 6m. All theory and conjecture but it could also explain support of current share price base.

wanna brew
21/2/2017
17:40
This is just coming back onto people's radars and a bargain. Anyone getting in now will see great returns imo, we have seen how quickly this moves on minimal volume, not many will buy Dow here.. just keep gently spreading the word and see where we are in march / April... clearly this is very cheap at the minute.
gregpeck7
21/2/2017
17:08
And thanks for your second detailed explanation djm.

I have to say again though that we aren't very proactive in fast-tracking things. The care within the 18/1 RNS was quite clear, and the idea that we have a five-year-plan for 2,000 bbl makes me smile, seeing as we are in the USSR (sic).

And your evidence as to the last presentation as June 2015 underlines their lack of ambition despite the words. Are you not concerned about this history of tardiness and complacency?

The volume deterioration suggests the traders have gone but, on the bright side we are left at double the price at the turn of the year, so a base perhaps to prove me wrong?

Like I said, they quashed the momentum which is everything in AIM.

Topicel

topicel
21/2/2017
17:02
Thanks djmoggy, sorry it needed spelling out twice :(

Just goes to show how untrustworthy lth's like me have become. You can't deny the sober bank (sic) loans are something of a recurrence and, mostly as I said before, have been simply to scratch the back of whoever is arranging these little deals.

Maybe 15% is a good rate locally? Anyway, it is not price moving as we won't benefit from this storage plan until next season which is really what I am saying to Calm.

We have had market stimulating news with the Capital Reduction and divvy RNS on 18/1 which was quashed by the 'no reason' RNS and now this which has not set the market alight with more Urals interest because it is not what they have set everyone up for.

So, as with the volume and history here, we have been stoked for no good reason other than greasing palms. As I say, very glad to be wrong but we are somewhat used to false dawns here, n'est pas?!

Topicel

topicel
21/2/2017
16:47
DJM, well put, well clarified and well reminded. I think I can say thanks from all.
chavitravi2
21/2/2017
15:25
Chav - agreed at Petrosakh Urals will keep up enough domestic sales to generate cashflow to ensure production at the existing Okruzhnoye field is self sufficient and does not require funding for day-to-day operations/workovers.

Note Petrosakh operations are located onshore Sakhalin island - there are a number of other producers at Sakhalin (some with much greater production from fields both onshore and offshore) so there is no danger of alienating local domestic buyers if Urals management decide to divert a proportion of domestic sales to exports.

As you say Urals operates the only refinery on the island (c4200bopd capacity) - given Petrosakh production is c1000bopod the plan I would assume would be to purchase crude from the other producers to refine and sell both domestically and for export.

Interestingly Petrosakh already has crude oil storage capacity of 300,000 bbl and refined oil product storage capacity of 64,000 bbl - the loan taken yesterday was to acquire further storage for refined product which I'm estimating would bring up capacity to around 200-400k bbls (so sufficient capacity to justify costs of exporting).

Finally the increase in production will come from development drilling at the South Dagi licence location (south of the existing production from the Okruzhnoye field)-I believe Urals are targeting c2000bopd within 5 years(although not sure where I read this so I may be incorrect). I would assume this will either be funded through further loans or possibly fast tracked as a Joint Venture.

All of the above info (apart from South Dagi) can be found in the last investor presentation (June 2015) on the UralsEnergy.com website. We are long overdue an updated presentation given the progress since.

djmoggy
21/2/2017
14:32
DJM, I agree up to a point but I do think local sales would remain the same or there abouts in that I think they need the regular income and the fact locals may struggle to get supply if they deliberately cut back. If they have to gO elsewhere they may be told to shove it and get a good deal for all their needs. I think(hope) this is in readiness for a considerable increase in production there and taking other oil from others for refining which I seem to recall them saying. I may have to two sites confused tho.
chavitravi2
21/2/2017
13:34
Topicel - the whole point of yesterdays loan is to change the business model at Petrosakh from regular local sales at a low price to storing with a view to exporting at a much higher margin.

This would mean
1. Rather then ongoing cashflow - Petrosakh revenue would change to a similar 1 or 2 seasonal cash payments such as happens at Arcticneft (although I would suspect that some percentage would still be sold locally)
2. Given point 1. a loan would be required to acquire infrastructure to store and transport the refined oil ready for export (which obviously they secured and announced yesterday).

The loan is small and the interest insignificant compared to the extra revenue from exporting - as per my post yesterday we could well see between $10-$25 per barrel increase in net backs. If 300,000 barrels of oil are exported from Petrosakh.... well you do the math!

djmoggy
21/2/2017
13:11
Something brewing !?
wanna brew
21/2/2017
12:49
Topicel

doesnt this increse margins "This acquisition will allow the Company to increase turnover and net backs in new niches, small wholesale and retail, as well as get substantial saving in commercial and transportation expenses."

calmtrader
21/2/2017
12:36
Surprised not one trade so far today,very odd in light of recent volume/rns.
martyn9
21/2/2017
12:35
Calm, I didn't see any improving margins mate, what do you mean?

What I saw, and posted as much yesterday myself, was a fresh lot of debt to keep us beholden to sober bank! We are about to generate plenty of cash yet we blow 15% on a loan for interest and, IMHO, that is what keeps stopping this share price.

We are always 'charged' to someone or other and does it not make divvies less likely if we have to service a loan? Growing the business is fine, but it is the same every year and that is the silent periods I'm referring to.

Little happens after these 'arrangements' to keep the gravy train boys happy.

Ok gregpeck, understand not UEN related. Maybe it will be soon and I'm completely wrong.

Topicel

topicel
21/2/2017
11:26
PS if i did have any information here I would share!
gregpeck7
21/2/2017
11:25
thanks tone.
gregpeck7
21/2/2017
11:24
Sorry Greg, wrong assumption on my behalf .
Good luck with PANR. (and Urals !!)

tone the bone1
21/2/2017
10:57
Topicel....silent period? you had an RNS y'day with improving margins
calmtrader
21/2/2017
10:48
Guys sorry this is re PANR which myself and Martyn also hold not UEN.....

Sorry chaps..

gregpeck7
21/2/2017
10:39
Why not put any relevant info on here ....Just a thought .
tone the bone1
21/2/2017
10:36
Brent pushing on up to $57 a barrel while here at UEN the old US cop phrase "nothing to see here folks, move along now" comes to mind.

Gregpeck, might you PM me the 'information' mate. Considering a top up but don't like UEN's silent periods with nothing happening...TIA

Topicel

topicel
21/2/2017
10:35
Greg spread the love!!
calmtrader
21/2/2017
10:09
greg any chance you could pm me the update as well please?
darren81
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