Share Name Share Symbol Market Type Share ISIN Share Description
Urals Energy Public Company 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
  +0.00p +0.00% 35.00p 30.00p 40.00p 35.00p 35.00p 35.00p 54 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 32.7 1.3 83.7 0.4 4.42

Urals Energy Share Discussion Threads

Showing 127351 to 127374 of 131575 messages
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DateSubjectAuthorDiscuss
14/11/2017
09:31
Can't buy Jack.
babbler
14/11/2017
09:30
Mmmm.... + 23%, as I type. f
fillipe
14/11/2017
09:29
damn .. nearly bought a few of these the other day. Looks like it's going to bag in no time .. grrr
btfd
14/11/2017
09:27
A really good read - today's RNS. https://www.investegate.co.uk/urals-energy-pcl--uen-/rns/operational-updates/201711140858504252W/ f
fillipe
14/11/2017
09:18
Allenby get to work and shout this news from the rooftops!!!do your job for once.
martyn9
14/11/2017
09:17
Divi paying for Xmas too.
basem1
14/11/2017
09:08
Nice! Nice upbeat positive RNS. You guys look like you got through :)
jiggsyboy
14/11/2017
09:06
Profit from second shipment brilliant,nett debt well down due to it,future plans look good if they turn into reality,Q&A to start on the web could be interesting providing they reply! all good.
martyn9
14/11/2017
09:04
They took in what we said about RNS. Great news
calmtrader
14/11/2017
09:02
Nice, very nice indeed. 75p here we come
basem1
13/11/2017
19:11
djmoggy - many thanks for filling us in on some more of the operational details; quite bizarre that such info is not released to the market at the appropriate time to offset the impact of bad news. Lets just hope they don't contract KNGF to drill the next well in Komi - I don't think I could stomach another bout of Rovneiko contact with UEN.
amargosa
13/11/2017
18:10
Up is good
bengal1
13/11/2017
16:21
Urals still seems to have a pulse ! i'll drink to that !
tone the bone1
13/11/2017
15:57
Good grief BLUE.
martyn9
13/11/2017
15:32
Chav - for South Dagi - they are looking at sometime in 2018 after the approval of the field development plan which is a prerequisite. I presume the plan will be submitted post successful completion of the first well drilling and testing (Jan/Feb 2018). Can't be more concrete then that... Everything happens at a snails pace in Russia so when in 2018 the Plan is approved by the relevant authorities is anyone's guess...South Dagi oil will initially be transported by road freight- I guess this will need to be reviewed once/if prod is ramped up to their near term 2000bopd target.
djmoggy
13/11/2017
15:07
Moggy, did they say at all how soon they are going to go into these wells again? Is there a problem of getting the oil away for refining or storage that is a hold back?
chavitravi2
13/11/2017
15:01
Thanks DJM, once again I say you put Allenby to shame.
chavitravi2
13/11/2017
14:21
Sorry forgot to add - strategy now is to partner up with an established oil services company with the aim of carrying out a multi well drilling program at Komi. The oil services company will be incentivised on drilling success given they have a vested interest. This both reduces risk and cost to Urals whilst helping accelerate the timeline....Obviously very little in terms of detail could be shared on the above at the meeting as both negotiations continue and due to the price sensitive nature of the information.
djmoggy
13/11/2017
13:35
Komi was entirely the 3rd party contractors fault... They were (allegedly) slow and used bad/negligent practices which actually resulted in an underground cave-in / subsidence which almost resulted in the sinking and loss of the drill rig. The 3rd party was sacked and UEN management are currently going through litigation to recover all costs (and they are confident they have a good case). I did stress at the investor presentation that this level of detail was not available in the RNS and would have helped with investor reaction. For example it was only when I asked the question of why was drilling not completed when so near target depth and decision made to pull the plug when all that the RNSs stated was slow contractor performance... It was only after this question that the whole picture was painted and the fact that continuation was just not possible. There have been a number of successful wells previously drilled at South Dagi and Komi which flowed freely and then capped in anticipation of future development plan approvals - I can't remember off the top of my head the actual rates - however you could feel from at the meeting that there is a lot of confidence of the potential
djmoggy
13/11/2017
13:02
djmoggy - thanks, appreciate your reply. Was there any hint of what went wrong at Komi? Also, they did reveal that on purchase of the assets there was some actual drilling results/information, which they refused to reveal to the market; their enthusiasm for these assets will in part be based on that info - we the minority shareholders don't have it, though I guess the major shareholder does.
amargosa
13/11/2017
12:21
Amargosa - in a nutshell yes.Petrosakh drilling failures down to a combination of 1. Poor drilling ops team perf at one well resulting in failure. Addressed and lessons learnt..2. Low porosity in pay zone at latest drill location resulting in very low daily output and low expected life of well. Not much that could have been done to anticipate this.You have to remember that the field at Petrosakh is very mature and in decline. There is an increased chance of issues or poor flow rates which come part and parcel with drilling at this location.At South Dagi the following gives confidence for better performanceNew rig delivered (rather then using ageing existing rig)Drill team has been trained (or currently in the process) by rig supplier... This will address any bad practices or potential mistakesSouth Dagi the opposite of Petrosakh - I.e. Relatively young and unexploited so has potential to ramp up production easily - no guarantees obviously but far more confident of a successful drill there than at Petrosakh
djmoggy
13/11/2017
10:20
After all they did go to some expense to find out where the sweet spots are!
chavitravi2
13/11/2017
08:46
Did any of you guys at the meeting get the impression they were getting a grip of the reasons behind the operational failures? Did they provide any measure of confidence they understood what was has been going wrong and had put measures in place to reduce the (systemic) failure rate? It's good to hear that the share price will go up if we drill successful wells in the future, but given what's been happening operationally they need to break this run of bad luck or whatever it is.
amargosa
09/11/2017
12:19
Short and sweet rns.
chavitravi2
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