Urals Energy Share Discussion Threads

[gaffer73] 03/5/2018 07:29

What has happened to the drill? Does it normally take 5 months to drill 2200m??

[lalria] 03/5/2018 07:28

What site are you looking at neft

[neftanik] 03/5/2018 07:03

Tanker is on station now

[darren81] 02/5/2018 16:57

as with everything here I guess we will just have to wait and see - I would expect significantly more than last year tho!

[fromthesidelines] 02/5/2018 16:41

any thoughts on what divi will be with $10 million from May/June shipment?

[darren81] 02/5/2018 16:37

Me too Lalria - I've added 50% to my holding since the last one and considering the additional cash generated last year from higher POO I'm hoping for a considerably bigger divi

[lalria] 02/5/2018 16:31

Looking forward to a divi payment again

[darren81] 02/5/2018 16:30

@Martyn - their divi could be a lot more if they actually delivered on what they've promised

[lalria] 02/5/2018 16:29

It's only a matter of time untill either the let this go and ping up or news comes on any of the ones due that gets this moving

[darren81] 02/5/2018 16:28

there were also 9700 bought yesterday with no sells

[chavitravi2] 02/5/2018 16:26

LSE shows 10,844 shares bought today, no move. Strange, I'm quite certain had they have been sells we would have seen movement.

[martyn9] 02/5/2018 16:17

True darren,my nagging doubt is are they now complacent and happy just plodding on recieving a nice steady and generous dividend every year?

[darren81] 02/5/2018 16:09

This is a clear list of what they planned for this year - if these aims aren't achieved then they need to be held accountable - I'm fed up with promises and no delivery!!

It's time for them to step up to the plate otherwise they need to go

[darren81] 02/5/2018 15:05

The November RNS states:

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


There's a lot of work planned - we are now in the fifth month of the year though without updates on any of these.

In South Dagi alone they have to finish the first well, start another two new wells as well as workover two existing wells - they'd really need to step it up if they're going to achieve this!

[darren81] 02/5/2018 14:59

24,256 shares bought now since the last sell - not sure how much more the MMs have before they run out!

[lalria] 02/5/2018 14:51

still keeping this down and not allowing it to move up

[martyn9] 02/5/2018 14:28

Cheers moggy.

[djmoggy] 02/5/2018 14:21

Darren81 - ref tanker - the sooner the tanker is loaded and on it's way the better. Export and MET Tax is calculated at the oil price 2 months prior to the payment from buyer (and the buy price calculated as an average price 5 days after loading).

So if shipping is completed today for example - Ural's will be getting c$75 a barrel whilst tax will be based on an oil price of c$65. So Ural's would stand to benefit significantly.

Martyn9 - Calm is ok - just choosing not to post given the "wall of silence" - he will be back and will request Ural's management/Allenby arrange another investor meeting following drilling (and CPR) news.

[darren81] 02/5/2018 13:58

We can only hope that there is something "transformational" going on in the background and that they don't want to say anything in case they let the cat out of the bag (hope as we have nothing else to go on!!)

otherwise it is extremely bad (pathetic) investr relations

my biggest bugbear is that they clearly stated in the December RNS that they'd start up the shareholder Q&As again but 5 months later still nothing - why promise that?? Why even mention it in the RNS??

[gregpeck7] 02/5/2018 13:55

It took me 3 attempts to get a call back here...

What is frustrating is that I emailed JKX about an item this morning and within 1 hour.. A fully explained reply...

There is no reason for this wall of silence...

[martyn9] 02/5/2018 13:52

I trust calmtrader is ok, as not seen any posts of his for a long time?

[darren81] 02/5/2018 13:41

If, as neft suggests, the tanker off Kolguev is for us then we should be getting news confirmation of this very soon - checked weather for the island and doesn't look too bad over next few days.

Ideally it'll be a steady stream of news before the end of Q2

- Tanker shipment
- CPR
- South Dagi drill results
- New well(s) spudded in SD
- Results

[djmoggy] 02/5/2018 13:35

Nope - tried to contact the chairman twice and Allenby a few times since the Dec RNS - did not hear a peep back...

However I remember that Tony (Tone the bone1) had responses from both...

Obviously he's seen in a better light then the rest of us ;-p

[lalria] 02/5/2018 13:20

Moggy have you or any of the guys not had and contact with the board since your last meeting as the wall of silence is driving me mad

[lalria] 02/5/2018 13:08

Darren no not heard anything back from them wall of silence at the moment good or bad time will tell. I have put in another buy order at 94 but not executed yet