Urals Energy Share Discussion Threads

[canny lass] 23/7/2018 20:07

Use - general working capital finance.

[canny lass] 23/7/2018 20:06

Darren81I tend to agree with Neft. on this one. I agree that the loan has yet to be repaid from the stated sum.Where does it say on the 'Petraco loan' RNS that it is to be used for 'Taxes'. All it says is that it is a 'pre-export' loan. If I have missed the reference to 'Taxes' I apologise.

[darren81] 23/7/2018 18:10

Did u not read the RNS or my post???

The loan was taken out to pay for taxes due, given the last RNS states we have $8.4 million left after tax, that would infer that the loan has already been accounted for!

[neftanik] 23/7/2018 16:58

Not really profit though as they then have to repay their debt to Petraco from the proceeds?

[darren81] 23/7/2018 16:34

Surprised we haven’t seen an uptick with the news of $8.4 million profit from the last shipment! It would be useful if the BODs would confirm that we have repaid all outstanding debt and confirm the surplus cash we now hold.

We got the loan a couple of months ago to pay taxes due for this shipment, considering the $8.4 million takes out this cash, I would expect us to have a surplus cash now of $4-5 million.

If we continue on same trend of +$8.5 million per shipment, we will have more cash that current MCap by the middle of next year!!

This with an MCap of just £12 million, it’s frankly ridiculous!!

[downsize] 23/7/2018 10:56

Spread is 90/96 so surely those two trades are buys?

[martyn9] 23/7/2018 10:55

Has anyone got an explanation for this complete manipulation??

[chavitravi2] 23/7/2018 09:08

They make you pee dont they, 1300 sell and drop it 3.5p.

[chavitravi2] 20/7/2018 14:43

Just got back from a little short holiday. Nice to see its move back up a bit.
Hopefully the next news will see along over due spike.

[lalria] 20/7/2018 13:38

Oil company received over half its market cap in one shipment being a increase on both shipments from last year. To me that is great news. Time you started buying Neft

[neftanik] 20/7/2018 13:35

Oil company sells oil. Share price rockets )))

[lalria] 20/7/2018 13:35

Hahahaha - Just for you Neft

[martyn9] 20/7/2018 13:34

Agreed lalria.

[djmoggy] 20/7/2018 13:33

Yep - my point being that if there were further delays with drilling they may have given an update with the tanker shipment to soften the blow... but seems like they are on track :)

[lalria] 20/7/2018 13:31

Im glad in a way that they don't drop them at the same time

[djmoggy] 20/7/2018 13:20

No update on drilling within the tanker shipment RNS suggests that we will get a separate RNS quite soon. Fingers crossed

[djmoggy] 20/7/2018 13:18

Considering the fall in crude price the $76.46 price is very decent. Although I do remember that the price for the oil is a slight premium to Brent.

Also great that we have made $8.4m after export, MET tax and all other costs.

Less the principal amount of $5m for the Petraco loan leaves a nice $3.4m going to the bottom line first this shipment alone.

Much better then last year and what we had anticipated.

[lalria] 20/7/2018 13:17

News out and very nice - Good news on the price also achieved

[lalria] 20/7/2018 13:17

News out and very nice - Good news on the price also achieved

[martyn9] 20/7/2018 11:44

I'm just surprised we have had no chancers T traders jumping in buying,in view of the impending news.

[martyn9] 20/7/2018 10:49

Yep, doom or glory,lets hope for the latter.

[darren81] 20/7/2018 10:31

Just 7 more business days in July, so not many more before they need to release an update on drilling...add an announcement of a JV into the mix and could make for avery interesting end to the month :-)

[lalria] 20/7/2018 09:37

I personally think they are already in talks ivo previously stating they have drafted in Brandon Hill. I hope they are finalising things before giving a update on drill results and hit the market by surprise.