Urals Energy Share Discussion Threads

[ucasavi] 18/5/2009 11:52

Hopefully any share dilution should not reduce the share price lower than the delisting valuation, which some believe is around 50p+-. Plus the possible future earnings should push it higher.

According to Interfax, the Chinese have just started to build their part of ESPO

[rockin robin] 18/5/2009 11:52

Let's hope, like when we were languishing at 2.5p, we will also look back from here, when this is at £1.50, and say - "If only I'd have bought at 10p".

Happy to hold.

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[jcgswims] 18/5/2009 11:50

Thanks OTU for the translation - much appreciated :) Sell limit gone to 50k too 9.225

[on the up] 18/5/2009 11:43

Hi spp119.

In your post 23,270 you shared a translated jcgswims original find article but left the last two paragraphs alone. I thought I'd get them translated myself and include what's come back here, for completeness.

Apart from completeness I also think the fuller translation is more positive than the partial one we had previously. It indicates, imo, that Sberbank have every reason to get production and expansion plans back on track as soon as possible.....= news imminent.

Cheers all, OTU

"Interrupted financing during the economic crisis is not a substantial reason for amending the license agreements, confirmed the head of Irkutsknedra, Vladimir Nasariev. According to him all companies have been made aware of this. "The mineral wealth exploration law requires that all companies which own such objects must be properly financed", Nasariev pointed out, - "If they can't manage, they should give up their licenses". However, according to Irkutsknedra, within the preliminary plans for 2009, some companies failed to do exploratory drilling on their hydrocarbon fields. As a result, the pace of the works had slowed down dictating the necessity of correction to the deadlines.

Requests for the amendments to their licenses have been filed by OAO NK Rosneft, OOO Irkutsk Oil Company (IOK), OOO Irkutburgaz, OOO Baikalgaz and others. In total, 14 requests have been filed at Irkutsknedra by 6 companies during the beginning of 2009, in 6 of which financial problems were noted. Irkutsknedra won't say which particular objects the requests were referring to. However, none of the 6 requests has been satisfied so far. According to Nasariev, it was only possible to postpone the deadlines during this year because of the difficulties with the processing of the paperwork. In such a way IOK postponed exploratory drilling, scheduled for 2009, in West-Arachtinsk and Bolschetirsk fields for a year. Other requests are being currently considered by Rosnedra. According to analysts, there are no examples yet of such changes due to the shortages of cash. Yet considering that companies sharply lost interest in gaining new objects (there have been only 10 auctions for the first three months of 2009), federal authorities started discussing the possibility of amending the law draft which may allow the players to postpone the work en masse, Eremin says. But he made it clear that it will unlikely be applicable to amending deadlines for full-scale commercial production, like in the case of Dulisma."

[trinitypete] 18/5/2009 11:43

Jonny that 200K buy at 10.5 should help LOL

[jcgswims] 18/5/2009 11:43

Yes count me in too :) Gone to 1 v 4.. Limits still buy 50k 9.6 sell 10k 9.225 :)

[dashwoodchris] 18/5/2009 11:43

me too, count me in for any colaborative effort, makes us a force that the bod would need to keep 'onside'.

[trinitypete] 18/5/2009 11:42

Anything that raises our profile with the BODS can only be good..... count me in!

[jonnyfro] 18/5/2009 11:42

1 v 4 on level 2, could do with some more buying pressure otherwise I see a tick down coming.

[scoraig] 18/5/2009 11:41

good post pakomacha, i am all for combining our collective forces and holdings. count me in!

[madjock2] 18/5/2009 11:40

Pakomacha

You are right of course. Perhaps we should take it a stage further and promise to hunt down and shoot anyone on the list that makes up the 11% who sells for less than £1

[mlightfoot] 18/5/2009 11:39

I'm in favour of a grouped approach, but then moderation is required to prove it's value.

I would see the steps involved to be:

1) Transparency with the BoDs that we are forming an alliance with the objective of more direct contact with the company and a stronger following of UEN support - do they support it Y/N?
2) Amalgamate the "core" shareholders on here into another thread, less playfully titled and more research and analysis based - can we make a thread private on here or one that requires subscription? If not, then perhaps migrate to another portal.
3) Publish to the BoDs our shareholdings and breakdown and agree to update this each month and advise of material changes.

Just some thoughts?!?!

[carlito sway] 18/5/2009 11:36

can only sell 10k at 9p

[pakomacha] 18/5/2009 11:33

Just a thought about our >10% collective holding.

Given the strength of this thread and the confidence we draw from the informed analysis and comment provided by many in our midst it would seem our individual holdings become worth more.

Why?

10% of UEN holders (and much more than 10% of the free floating shares) are bound together much more strongly than other PIs / shares where there is much less collective action and belief.

MM shake downs are therefore less effective
Buying support comes in more quickly
New investors can see the history of this thread and are attracted to invest
Juvenile contributors are quickly ignored
There is little room for Pump and Dump

This is all very good news for us as individuals. If there are proposals for us to be more firmly glued together and to have more say/credibility with the UEN BOD then I am in favour.

In the meantime many, many thanks for those who
- translate from Russian
- ring the BODs
- provide technical analysis commentary
- keep us up to date with L2 info
- use their industry knowledge to provide us with the broader context
- crawl through RNS and other company announcements to keep valuations up to date.

Thanks to you all!

[jcgswims] 18/5/2009 11:29

buy price dropped to 9.6 - below mid - sell price 9.225 :)

[mlightfoot] 18/5/2009 11:29

yes I'm struggling to see how Sherbank could be comforted without a large dilution TBH. Unless Sherbank take full rights on Chep if it is re-acquired!?!

[seabass] 18/5/2009 11:26

I take rns as expected good news and a step further to retaining listing and being part of the Eastern Siberian O&G reveloution again. Next step will be details. My only concern is still a massive share dilution. If UEN raise enough cash via s/holders his would suit Finfund for example because they could poss average down to approx 22p from approx £2 (guestimate) retaining their 10%, and quickly get back into profit.

[jcgswims] 18/5/2009 11:22

Limits now buy 50k 9.75/9.825 Sell dropped to 15k 9/9.225p - 1 v 2 :)

[madjock2] 18/5/2009 11:18

Mlightfoot

Been out for the am. Thanks for reporting your telecon. It appears i was wrong about the MM's take on the RNS. I will gladly eat humble pie in this instance.

[ucasavi] 18/5/2009 11:17

Modern methods are more prosaic- it is all in a 5 o'clock luminescent cuppa..

[mlightfoot] 18/5/2009 11:11

Landwatcher - I always quite liked the razor-brimmed bowler hat;)

[landwatcher] 18/5/2009 11:08

dashwoodchris, maybe use a poisonous umbrella

[dashwoodchris] 18/5/2009 11:05

Looks like EVO's seller has gone!!!!!

Maybe they have plugged the 'leak' already - KGB style!!!!!

[bethany3] 18/5/2009 11:03

mlightfoot......thanks for your effort!

UEN fulfilling part of their RNS on 24/09 with a change in directorship. Do not personally mind if the options awards are in the region of 40/50p by end of 2010 or 75/100p by 2012 without any share consolidation throughout these periods - just added more again for the long term.

[carlito sway] 18/5/2009 10:58

For it to work, I guess we would need to nominate one trusted rep and they would set-up and email address where we can send them our real name, forum name, share-holding and contact email address.