Urals Energy Share Discussion Threads

[djmoggy] 13/6/2017 15:42

Good write-up from stockwire hxxp://www.stockmarketwire.com/article/5566694/Urals-Energy-swings-into-profit.html

Urals Energy swings into profit
13 June 2017 | 14:04pm
StockMarketWire.com

Urals Energy has reported that profit for the year ended 31 December 2016 was $8m, compared to a loss of $4.1m for 2015.

Gross revenue was slightly ahead at $35.3m (2015: $31.4m). Earnings (EBITDA) were $7.8m (2015: $7.7m).

Total production for the year was 757k barrels, up from 675k barrels produced in 2015.

Operational highlights include:

- Total production at Arcticneft reached 289,986 barrels, including four months of Arctic Oil Company Limited ("ANK") production of 39,818 barrels (2015 total production of Arcticneft alone: 253,592 barrels)

- Total production at Petrosakh reached 466,721 barrels (2015: 421,726 barrels)

- Average daily production at Arcticneft (without ANK) for the first five months of 2017 was 738 barrels of oil per day ("BOPD"), compared with an average of 684 BOPD for the twelve months ended 31 December 2016

- Average daily production at ANK for the first five months of 2017 was 312 BOPD

- Average daily production at Petrosakh for the first five months of 2017 is 1,134 BOPD, compared with an average of 1,275 BOPD for the twelve months ended 31 December 2016

- In August 2016 the Company successfully completed the tanker shipment of 225,283 barrels of crude oil from Arcticneft (2015: 217,282 barrels)

- In June 2016 Petrosakh was awarded a 25 year exploration and development licence for the South Dagi oil field on Sakhalin Island, following an auction by the Russian State Authorities, with C1 and C2 Russian State Registered reserves of approximately 17.7 million barrels

- In August 2016, the Company completed the acquisition of ANK. At the time of acquisition ANK was producing 340 barrels/day and had 16 million barrels of C1 and C2 Russian State Registered reserves. The acquisition is expected to bring substantial future production economies for the Group

[tone the bone1] 13/6/2017 15:36

How about that for a buy price 122.4767p each....to a thousandth of a penny.
I don't think my broker would work that hard for me .

[tone the bone1] 13/6/2017 15:29

Well, it looks like it is not only you Calm that is investing into "Urals Bright Future" (Quote.. A Shrager 13/06/17)

[calmtrader] 13/6/2017 15:01

added 2k...reading between the lines they have a acquisition /jv imminent

[martyn9] 13/6/2017 14:49

Some people expected better looking at the sells.

[martyn9] 13/6/2017 14:43

Hopefully the market digests the good news.

[calmtrader] 13/6/2017 14:17

i make the divvy a 4.1% yield...with growing cash flow that will increase and lots more to come drilling and acquisitions etc

[calmtrader] 13/6/2017 14:10

results out...divvy of 6.2c on its way!!1

[jiggsyboy] 13/6/2017 14:09

Year end results out!

Results look steady at first glance and about 5p divi proposed?

This the start of the news onslaught?

[martyn9] 13/6/2017 13:55

More buys than sells,yet marked down again!! MM games.

[tone the bone1] 13/6/2017 09:52

I just spent my £1K pot @£1.242
Could it be the buy to start the change of all our fortunes ?

Answer ...Dream on Tone you plonker, wait for the good news to come the same as everyone else .

GLA

[basem1] 13/6/2017 09:33

I'll buy, but I'm not going alone ? Right on support, if I'm buying I need to cover the spread the same day.

[martyn9] 13/6/2017 09:06

Yes chav,we need positive news this month to boost confidence otherwise it plants doubt in investors minds if timetable out, and selling will continue.imo

[chavitravi2] 12/6/2017 17:03

Completely unjustifiable drop.

And there was me saying only a few weeks ago we would never see 7p again. (140p)

[canny lass] 12/6/2017 16:27

Direct Investing, Calm, it was an on screen 'banner' that came up when I prompted the trade. Never been a problem before. I haven't yet raised the issue with anyone at the brokerage.

[calmtrader] 12/6/2017 15:42

Canny has your Broker lost the plot

[canny lass] 12/6/2017 15:22

I tried to buy a few (only a few hundred) through TD in my SIPP online and was informed that this stock cannot be held in a SIPP. A bit late now given I hold 187K plus.

[tone the bone1] 12/6/2017 14:36

I was just thinking the same Calm . I have 1K only spare in the float atm but I see a little top up is due while 'The Price is Right' .

[basem1] 12/6/2017 14:22

I think it's the chart playing out, coupled with no news or volume. We should be sat at support tonight, that will be my catalyst tomorrow morning for a few. Don't worry guys, we are at or near the bottom now.

[martyn9] 12/6/2017 14:15

nice one calm, i wonder why is this being marked down, a sell order perhaps?

[calmtrader] 12/6/2017 13:54

i just bought 3600

[martyn9] 12/6/2017 11:16

Why the drop? more buys than sells,hell bent on getting this down.

[topicel] 12/6/2017 09:07

Indeed Basem. The news vacuum is as I said before just like the Feb/March period when patience is required as obviously people are only too aware of the history here as Neft highlights ....

But with the handbrake off soon we should see some new recent highs and, even post consolidation, some old ones too! Anyone seen what BZM is doing? Very different sector and situation but five bagger in two days and still almost doubling this morning!

Green with envy but not chasing, just saying. We are ripe for a re-rate, that is pretty obvious and once the sector stabilises again with fresh Qatar and now Libya worries likely to hit production beyond the cuts, and the recent price dip inclined to shutdown a few US frackers, we should see the $50 for our tanker delivery and strong cash flow this month.

Topicel

[basem1] 12/6/2017 08:14

Actually 122.5 mid looks a better level, time to load the system up with buy orders at 125p me thinks.

[basem1] 12/6/2017 08:13

The chart has now corrected itself on my i phone and we are right on support. Chart looks great now.