Urals Energy Share Discussion Threads

[fromthesidelines] 24/4/2018 09:16

we will be looking at $59 net back to Urals per barrel at $75 so upwards of $14,000,000 for 240,000 barrels if similar to earliest shipment last year

[tone the bone1] 24/4/2018 09:08

Good post Greg 7 (69591)
I suggest you post that again in a few days so new comers have a good summary .

By what I read in the paper this morning the first line will not be $75 WOW ! but a higher number WOW !.
All's good.

[gregpeck7] 24/4/2018 09:04

Thanks martyn... news must be due soon!! I'll offer myself lol..

[gregpeck7] 24/4/2018 09:04

As I thought large delayed buy... another one of those and uen is off...

[lalria] 24/4/2018 08:29

Good start to the day

[martyn9] 24/4/2018 08:18

Good post greg,get yourself a job with allenby!!!

[gregpeck7] 24/4/2018 07:25

Brent 75.31!!

[metis20] 24/4/2018 06:40

21 June 2017 RNS

The planned first annual tanker shipment for export from Arcticneft on Kolguyev Island has been successfully completed. The tanker has left Kolguyev Island with 30,439 tons of crude oil (an equivalent of 240,232 barrels).

31 Oct 2017 RNS

The loading of the second annual tanker shipment for export from Arcticneft on Kolguyev Island has been successfully completed. The tanker has been loaded with 23,951 gross tons of crude oil (an equivalent of 189,213 barrels). The tanker has left Kolguyev Island today.

From the below link,2016 average price was $46.6 per barrel (gross revenue $35.3mn)

[gregpeck7] 23/4/2018 22:47

Yes, 240,000 barrels I think...

Currently Brent 75.13

Can see this taking off again tomorrow.

[metis20] 23/4/2018 22:10

from 28th Feb RNS

"The Board expects that the next tanker shipment for export from Arcticneft on Kolguyev Island will likely be before the end of the second quarter of 2018."



Last year, completion of tanker loading was 21 June.

[gregpeck7] 23/4/2018 21:11

Brent @ 75.. Wow...

That said..

So the last RNS specifically states

"The Company continues to progress its various operational and drilling programmes and is working towards pursuing its strategic plans for 2018, as announced on 14 November 2017"

So lets look at all of these areas...

Our plans for 2018 are as follows:

Kolguev Island:

- continue work overs and the installation of jack pumps with the aim of keeping production stable at approximately 1,000 bbls/day

- assessment of a new programme of deviated wells and or fracking to increase production significantly from existing horizons, and in the case of success;

- apply for additional licences on the Island, in order to take advantage of our unique position as the only operator with processing, tank farm availability and its own tanker terminals





Sakhalin Island:

- continue well work overs at Petrosakh, thus seeking to maintain production at approximately 1,200 bbls/day

- upgrade refinery equipment to increase the yield and quality of products

- obtain a marine terminal licence for the sale of bunker fuel to local ship operators

- deploy newly acquired rig to drill three wells at our new South Dagi licence

- workover two existing wells on South Dagi




Komi Republic:

- additional seismic interpretation for the two oil fields held by RK Oil and BVN Oil

- following the cancelation of the first drilling contract at RK Oil, seek a partnership, ideally with a major oil service company to manage the development of the large proven and probable reserves, potentially coordinated with adjacent oil fields that have necessary infrastructure and transit connections



So based on the last updates, all of these areas are moving forward, production is in line with expectations... Oil is now significantly higher than the last announcement. Our market cap is currently 10 million. You could triple that and this would not be expensive...

2200 - 2400 BOPD
Dividend paying
Circa 100m P2 reserves
Own our own refinery
High impact drill South Dagi, results imminent
2 x Tanker shipments per year, first one about to be made with oil at multiyear highs
Paid 2$ premium to brent
Directors have a large % holding in the company
Very little free float
Turned down takeover at circa 250p per share

Currently 102.5P per share.....

Based on the strength of oil and the fact an RNS could literally drop at anytime I think these could go on another run tomorrow, people are clearly now seeing the value here again and bottom fishing.. The herd most definitely have not arrived yet.

Good luck all holders..

[gregpeck7] 23/4/2018 18:36

Brent Looks to be heading to 75usd... just in time for the UEN tanker force.... 77 usd per barrel would be a fantastic price to achieve.. tanker shipment news should really be starting to drop any time now... and it's warming up all the time

[martyn9] 23/4/2018 15:30

If i had the spare wonger i would greg!!

[gregpeck7] 23/4/2018 15:29

Buy 10,000 martyn. That will sort the spread out ;)

[martyn9] 23/4/2018 13:05

I wish they would adjust the spread to encourage trades.

[chavitravi2] 23/4/2018 11:06

TTB, I'm open to that offer. L.o.l

[metis20] 23/4/2018 10:54

Hardly a 7.00am RNS in sight -

[gregpeck7] 23/4/2018 10:38

News this week would not be a huge surprise.. thing with Uen you just never know when it's coming.. could be anytime of the day.. on any day!

[lalria] 23/4/2018 10:31

can't get a fixed price to buy not even on 100 shares

[gregpeck7] 23/4/2018 10:04

Less than 20 lads it's Benidorm!! That's about 20 beers each there ! ?

[martyn9] 23/4/2018 09:58

Second that!!lol

[tone the bone1] 23/4/2018 09:55

I suggest we chip in £20 each and keep Chav on holidays in Benidorm for another month.

[gregpeck7] 23/4/2018 09:52

L2 just gone 3 v 1 at the new higher level... looks like it's heading higher... to be frank Uen has dropped while all other oilers have been rising so this is well overdue. Still a ridiculous market cap so a sensational entry point being offered.

[lalria] 23/4/2018 09:44

All buys today looking very strong

[gregpeck7] 23/4/2018 09:05

20% rise day? UEN not done one for a while... Is today that day? The buying is increasing here.... No surprise.... Defender good move, nice to get in before the newsflow starts...

My view is Dagi being flow tested, there is no way its a duster... They would have got to 2,200 metres by now even with poor weather.. They must be testing the payzone.. I think they have form on this before announcing the well result and flow test together...

2 tanker shipments this year, oil at a record recent high.. Just need to know pricing details.. Will be very very good

Production in line with mgmt expectations so 2,000 - 2400 bopd I would expect as the range...

Divident payment or maybe an acquisition?

Anti Russia rhetoric starting to cool off significantly.

mkt cap 8 or 9 million

Total bargain.