Urals Energy Share Discussion Threads

[chavitravi2] 31/1/2017 12:30

RCT, you are wrong there in saying we don't get anywhere near Brent price. We get a premium on Brent price. Sweeter stuff ours.

[tone the bone1] 31/1/2017 11:55

Thank you RCT and djmoggy .It would appear the Russian taxes are complex and just changed but the basics seems to be better profits for 2016 .I hope they publish the finals a bit earlier this year rather than waiting till June .

[djmoggy] 31/1/2017 11:40

Tone. Net back 1st half of 2016 was $38 per barrel for UralsPrice received by Urals for both crude export and local refined oil is far in excess of Brent crude price.Russian tax position changes means that Petrosakh production will be impacted negatively but exports positively due to a reduction in Export duty. Net positive impact given increased production at Arcticneft from acquisition of Arctic Oil last year. So would expect overall netbacks to be > $40 again. The acquisition of Arctic Oil included a modern drilling rig (UEN only previously had a workover rig at Arcticneft) - significant given that drilling at Arcticneft to increase production to help take advantage of export tax reduction will now be given priority.

[martyn9] 31/1/2017 11:36

Bonkers selling any ammount atm.imo.

[calmtrader] 31/1/2017 11:33

snap them up mwac

[mawc] 31/1/2017 11:26

That 6k sell freed things up a bit. Now 50k available under Ask

[mawc] 31/1/2017 11:23

Getting quoted 4.99p to buy 100k and 5.5p to buy 50k!! How does that work! Anyway all quotes at a premium to ask.

[rcturner2] 31/1/2017 11:21

Tone, it's quite hard to tell the true figures, but I think the lifting cost is about $20 a barrel for Urals. But of course you must remember that Urals do not get anything like the Brent price when they sell and the Russian tax position is quite complicated.

[tone the bone1] 31/1/2017 11:19

Lets hope you prove yourself wrong with this one jiggsyboy.



Ps sorry folks about my bad typing above "compared W" post 18992 but the point is there is profit back in the oil game .

[jiggsyboy] 31/1/2017 10:58

Haha, I can't buy any on Barclays.My first purchase here was 8 years ago. To sum it up I'm not very good at this investment game.

[tone the bone1] 31/1/2017 10:56

I have just read that "Shell are expected to announce double the profit compared w for 2016 compared with 2015 due to the increase of oil crude oil prices. Other oil companies are expected to follow "
Shells costs is based on $50 a barrel .I am sure Urals is much lower than that .Can anyone enlighten me with our benchmark production cost per barrel?

We have two shipments this year from Articneft ,not one !

Currently Oil holding around $54 .This time last year it was around $34

[basem1] 31/1/2017 10:55

Jiggsy, can you translate that please ?

[jiggsyboy] 31/1/2017 10:54

And.... I still can't buy anything. I'm going by to sit back at wait till in B/E. 3 more p and the 8 years will have been worth it... Doh!

[calmtrader] 31/1/2017 10:10

i'm transferring mine to my Dividend Fund and not selling

[basem1] 31/1/2017 10:06

Everybody stay calm and please don't sell any........Not until 10p anyway. Wouldn't it be good if there was a secret code to make sure this happened, we could be there in 2 weeks time with no selling.

[martyn9] 31/1/2017 09:54

Nice one greg.

[gregpeck7] 31/1/2017 09:51

I've taken some today

[martyn9] 31/1/2017 09:25

HI gregpeck,these have a bigger potential than pantheon!! imho.DYOR.

[gregpeck7] 31/1/2017 09:17

Just taking a look at these...

[martyn9] 31/1/2017 09:14

Bang on tone!!! a wake up call is certainly required.

[tone the bone1] 31/1/2017 09:05

It is time for our Brokers and advisors Allenby Capital to start putting Urals in the lime light of others.

Reserves. production, licences, acquisitions, financial status, assets, shipping schedules and increase production plans .
Need I go on for a market cap of only 11 mlii.

It won't take much now, the foundations are in place for long term solid growth. All we need is new investors to spot this gem and make themselves some money .
imho

[calmtrader] 30/1/2017 23:06

jiggsyboy..hope you manage it as i have a feeling this is on its way up..

[jiggsyboy] 30/1/2017 22:14

No, I got busy with work and then it was after close. Still up she goes. Might try again tomorrow.Martyn tx for the tip but if I can't buy online I usually don't bother.

[calmtrader] 30/1/2017 21:41

Jiggesboy did u manage to buy some?