Urals Energy Share Discussion Threads

[ucasavi] 28/5/2009 10:45

Thanks JonnyFro, No worries. Hopefully no one is going to "sell" into this;)

[jonnyfro] 28/5/2009 10:42

Ucasavei, I hardly use it to be honest, most of the time I just watch and read to see if I can pick anything up.

Just checked it - unsubstantiated as it seems by someones first post, not paying attention to it, besides with the pro's we have on this board we would have seen it first if tru ;-)

[ucasavi] 28/5/2009 10:38

JonnyFro

I saw you are registered at LSE. Could you be bothered comment on "jata"'s lies please?

[ucasavi] 28/5/2009 09:41

Not sure have any direct effect since it is for EBDR and IFC, but the direction for more openness for foreign investors in strategic fields is clear.

"Federal Antimonopoly Service (FAS) has proposed to simplify foreign investors access to Russia's strategic fields. This writes the newspaper "Vedomosti".

Simplified procedures for investments in deposits of the Russian Federation may enter for the EBRD (European Bank for Reconstruction and Development), as well as the International Finance Corporation (IFC), a division of the World Bank, said the newspaper Kommersant, citing its sources.

In particular, it is proposed to increase the threshold at which foreigners must obtain government permission to buy shares in strategic companies in Russia. Now, foreign firms must agree on the purchase of 5-10 per cent in companies that are prey for large fields, but the threshold could be raised to 15-20 per cent.

The law on access of foreign investors in the 42 strategic sectors of the economy of Russia came into force in May 2008. Applications for the purchase of shares in a domestic company shall be submitted to the FAS, and agreed with the FSB and the Commission on gostayne.

And the EBRD and the IFC intends to invest heavily in the Russian economy in 2009. Thus, the volume of EBRD investment is estimated at three billion dollars, IFC - in hundreds of millions of dollars, writes Kommersant. It was expected that the Bank funds can be directed to the financial and oil and gas sector, small business and industry."

[jcgswims] 28/5/2009 09:29

Thanks Spp as always a well though out and informative post - glad to know your bad karma has lifted ;)

Limits favourable again - Can sell 100k at 10.1 but can buy only 5k at 10.74 :)

Seeing as the sun has come out I had better go and play with my veg - be back later :)

[spp119] 28/5/2009 08:56

Jonnyfro & JCG & OTU and other familiar "faces"..Hi,

Think I shook that bad karma with some foul mouth language last nite. Apologies to all.....but sometimes you gotta do what you gotta do.

Now:

Some clarification re Ttaas/SRB. I have understood from day one that the Taas-Yuriakh/SRB holding (35.3%+operatorship) is an integral part of the whole arrangement whose "restructuring" is being hammered out, alongside the Dulisma asset.

It is possible we may see a JV cropping up here (as it did last Fall...rumoured then to be from Shell) for the two Blocks of the mostly undeveloped SRB field are thought to be extremely prospective.

According to the mid 2007 D&M study, the investment expense involved in developing the field is a whopping $5.6bn.(although UEN would be responsible only for funding its proportional share of this capex). Nevertheless this outlay is staggered over the production life of the field (till 2031) and - this is the important bit - is well covered by gross (and even net) earnings over the same period. So a third party farm-in or a JV is not a necessity. UEN could - with Sberbank funding - carry out required further field exploration and development quite adequately on its own.....even with a POO of $50/b.

Full Taas/SRB documentation (as of mid 2007) is found at;


Bear in mind that these studies include various taxation items (production or so-called "mineral extraction" tax, export tax)in the ledger which are now either subject to exemption, or about to be so, for long periods of time. An as is obvious, these (especially the Export Tax when fully ratified) will have a major positive impact on subsequent financial planning, which certainly can account in part for the recent Sberbank turnabout.

Finally, Taas/SRB was always planned to link up with the great ESPO pipeline, but constant delays in it's construction constantly increased the funding payback risk. Its prospects however were greatly enhanced when the government decision to fast-track the ESPO line construction was implemented at the beginning of this year. Something which also must have a bearing on the Sberbank turnabout since then.

In conclusion then Taas and Dulisma are fantastic assets to hold. And they are held and retained by UEN, subject of course to either the equity or debt (or both) position to be taken by Sberbank.....and maybe even a Taas/JV thrown in as well. So do not - on no account - let various poster's flights of fancy, however well-meaning, make you think otherwise.

There is an enormous amount of money and profit at stake here. Hence the constant subterfuge and mist which the forthcoming RNS will - I hope - do much to lift.

[jcgswims] 28/5/2009 08:39

Limits buy 25k 10.74 sell 100k 10.07/9.75 :)

[johnspain] 28/5/2009 08:39

the price of uen shares will be driven by news, not paterns on a chart.

[bluepill] 28/5/2009 08:34

besides it looks like a head and shoulders to me, but none of you have mentioned that because it would mean the price is going down, not up.

[jcgswims] 28/5/2009 08:33

Now 2 v 2 shakey shakey :)

[chway14] 28/5/2009 08:31

Oops-they've narrowed the spread the wrong way.
Maybe later when the buys really start.

[jcgswims] 28/5/2009 08:31

Now 2 v 1 CANA, KBC v WINS - bluepill they are sharing information and not, in my opinion trying to convince anyone so I for one are happy for them to carry on :)

[g3a] 28/5/2009 08:30

bluepill, did you see finger's post?

[bluepill] 28/5/2009 08:28

Like I said, a cup and handle involves a round bottom. not a flat line. If this is a cup and handle it is weak because of this and because the handle is very short.
Give it up lads. We all support this companny, look at carlito's list, you don't have to convince us.

[chway14] 28/5/2009 08:28

Morning all.
The wide spread is not encouraging trades.
It will improve when they narrow the spread.

[jcgswims] 28/5/2009 08:26

Limits now buy 50k 11.395 sell 100k 10.33 - still 2 v 4 :)

[canny lass] 28/5/2009 08:23

A red day on my streamer at the moment.

Very quiet start to the day for UEN.

[jcgswims] 28/5/2009 08:22

A grand total of 3 buys totalling 58623 so not a lot :)

[comedy] 28/5/2009 08:19

morning guys...how many buys jc??? got a feeling this is the quiet before the storm...

[jcgswims] 28/5/2009 08:09

lol G3A :) Well those buys have dropped the buy limit to 25k at 11.5 - can still sell 100k :)

[g3a] 28/5/2009 08:06

the lurkers are about too!

It's rolf harris, two little boys. lol

[jcgswims] 28/5/2009 08:04

Early limits 100k buy 11.4/11.5 100k sell 10.33/10.22 depending on the amounts :)

Good morning JF. Yes just the two of us (there's a song in there somewhere) ;)

[jonnyfro] 28/5/2009 08:04

Morning JCG, just me and you at the moment then ;-)

What are the limits like please?