Urals Energy Share Discussion Threads

[lalria] 30/4/2018 12:05

Will do - im just going to say that im not happy with the frequency that we are getting news. Where is the CPR that has been promised for many months and also what is happening with the drill as initially we were told that we would have updates end of 2017, then this was delayed and now the months are passing us by without anything. The number for them is on the last RNS I would suggest as many people as possible to contact them

[martyn9] 30/4/2018 12:01

Lalria,"IF" allenby call you back we all would appreciate you posting their comments.

[lalria] 30/4/2018 11:53

I have called Allenby today as have reached a point where I want answers or more frequent updates from the company. Call this morning awaiting a call back

[chavitravi2] 30/4/2018 11:48

Just sent a message via Q&A to ask why they are not doing as promised and updating the market and answering Q&A questions and stated the share price is dropping on people's fears there is something wrong with the drilling because of silence from them.

I think we all should have a go via Q&A and Allenby and see what happens.

[lalria] 30/4/2018 11:23

Dropping the price so quickly. The company need to start giving updates and news in a more timely manner

[chavitravi2] 30/4/2018 10:02

Agreed Martyn, I think people are becoming a little impatient or frightened things are not panning out right with the drilling. We need an update and smartly.

[martyn9] 30/4/2018 09:52

Heavy selling today!! news required to halt the rot.

[topicel] 30/4/2018 08:51

I skimmed half here last November and had a punt on NTOG as they had secured - astonishingly for an AIM tiddler - a $25m hedging facility with none other than BP in September and were promising to execute on a loan.

That meant they were then able to drill up to 24 'drill ready' targets in the Permian which, as we know, is hot to trot. They secured the loan at $5m at an again unheard of minimal 4.75% in January which they've not used as they have gone cash flow positive.

This was achieved by a drill programme that took four months from spud to production and now they've set up two more in the same field for early May. There is no dilution as the loan and maiden cash flow since February is covering it all...

The point is, they can drill and secure production without much bother. Why can't we?

Anything but a success at South Dagi and all my other holding here is going to NTOG. Russian winter/geography or not, we have been 'shafted' more than the well with this story if they fail again.

Topicel

[gregpeck7] 28/4/2018 08:34

So I spoke to Allenby this week.. Went over the December update RNS and basically said... Happy that things are meeting mgmt expectations.. BUT considering its effectively pushing 6 months since we had a detailed update - and in light of the BOD's commitment to better comms etc etc it would be "good" to have a more detailed update that goes over all UEN's ares of operation in broad terms...

This message was received. I made the point that I did not think 1 RNS in a year was acceptable (IE this calendar year).

I have said before and I'll say again I think they are flowing South Dagi as well as drilling it, they have form on this, so I think we may get a results and a flow test RNS... This is just my opinion.

Also I am wondering whether we have not see the classic "finance" RNS for the tanker yet because "perhaps" we dont need it?! I don't know but would be good if that was the case....

I am expecting news next 2 weeks, it just cannot go on like this because there is so much going on and this is a busy period for Urals.

Share price recently has been disappointing but with brent pushing 75 USD I really feel around where we are now is "the bottom" what was the 60p marker a few months back... So accumulating around here seems to me on the face of it to be a wise decision.

RE future production... UEN are on record as saying they are targeting 2,000 bopd from South Dagi within 5 years... That was about 1 year ago... If South Dagi comes in that really is the game changer here.... Be ready to load up if that RNS lands saying they have struck there....

If that is the case I would much prefer to forego a dividend and get another drilling rig operating there and fast track it.... Just my opinion...

GP

[chavitravi2] 27/4/2018 18:34

Oh dear, just got back and I see its well down. Don't know what to say. I'm not going back so it's up to the bod to inform us what the hell is going on. You guys have more than played your part in lifting the share price it's time they played theirs.

[martyn9] 27/4/2018 15:55

Sums it up darren to me.

[darren81] 27/4/2018 15:44

It’s totally shocking their lack of urgency when it comes to keeping investors informed of the going-ons in the company they own.

I appreciate that things can take longer than expected (especially in Russia) but keeping investors informed is an easy thing to do and builds confidence.

The last meaningful update from the BODs was in December (not including the Feb “everything is just ticking along” RNS), we’re almost in May now, for a company that’s apparently in a transformational phase, now all legacy issues resolved and we are to grow operations, there hasn’t been much in the way of meaningful progress.

We’re still ticking along at just over 2000 bopd which they have been for years, ultimately we are an oil company and if the current BODs can’t increase production then we need new ones who can!

I’ve built up a reasonable stake, just over 1.5%, unless we see progress soon I’ll not be voting to keep any director in place when their positions/salaries are up for vote at AGMs!

This company is massively undervalued given the potential profits with even 2000 bopd, will a decent BODs who actually deliver on their promises we could easily be sitting at 10+ times the current SP!

If the BODs read this board - please answer the Q&As sent by shareholders as promised at the end of last year!! It’s not rocket science, keeping shareholders updated builds confidence!!

[martyn9] 27/4/2018 15:02

There appears to be no rush with uen whoever is in charge,the CPR was promised jan this year!!

[darren81] 27/4/2018 14:32

I'm still irked that they haven't answered any of the questions I've sent in via the website Q&A - even though an RNS stated at the end of last year that this would be resumed - 6 months late still nothing!!

If this drill isn't done successfully then the positions of the directors really need to be looked at - there have been too many failed drills already!!

[gaffer73] 27/4/2018 14:15

Unfortunately no news is normally bad news when it comes to UEN. I would however find it extraordinary if they have another failed drill.

[darren81] 27/4/2018 13:49

We are in the 5th month now after spudding which seems like an extraordinarily long time to drill a well. I know they didn't want to give a specific date of expected completion but I was really hoping this would be done in the earlier part of the quarter and they could then move onto the next well during the summer months (when easier).

If as stated the IIs wanted to see proven drilling completions, given the previous issues, they really need to get this sorted ASAP and then quickly move onto the next one. If this one isn't producing as expected or there have been further delays then they need to finally admit that the inhouse drilling team aren't up to the job and get in experienced contractors to do drilling from here on - we will have plenty left over after the next shipment.

We are already past the point when we had to get a short-term loan from Petraco last year, it would bode well for sentiment I think if we are able to make it through to the shipment without having to resort to a loan this year! Given extra cashflow at the end of last year I hope we are able to!

It can only be a matter of time before this turns good. I added 3.2k earlier today, as well as a few other purchases since the start of the month (to add to my holding going back 8 years now)

With the increased cashflow and if current share price doesn't move by much after the news then I would hope for a much larger divi this year - maybe we can even get two per year, after each shipment!!

[martyn9] 27/4/2018 10:01

I would like to see an operational update on south dagi as to how far they have drilled etc etc at least,probually wishfull thinking on my part.

[gregpeck7] 27/4/2018 09:49

Still a fair bit left mate.15k available at 97p.Once that's taken we will start to see movement.I have a feeling there could be an rns today..

[lalria] 27/4/2018 09:46

Surely with the level of buys recently this is due to go up again

[gregpeck7] 26/4/2018 16:04

Thanks Geoff... At face value im very pleased with the purchase.. I hope Im still smiling when news lands!

GP

[geoffmanana] 26/4/2018 14:16

Well done Greg....it looks as though you have got a good deal there.
I've left an order with my broker for 10k at 90p, but you will probably pick them up before me...lol.

[gregpeck7] 26/4/2018 12:24

After all the sells yesterday spoke to my broker and there was a large amount of sub 95p stock around so I said I'll have all of it... should be 97p plus to buy now..

[darren81] 26/4/2018 11:21

Actual timings of the trades are below:

26-Apr-18 10:00:22 93.80 12,779 Sell * 90.00 100.00 11.99kO
26-Apr-18 09:59:54 94.00 14,000 Sell * 90.00 100.00 13.16k

Given greg's buy was after these at 94p it would suggest these are both buys

That's >30k buys so far today!!

[lalria] 26/4/2018 11:05

Are those red lines buys or sells ?????

[gregpeck7] 26/4/2018 10:05

Grabbed a few more... 94p is a buy... Silly price.