Urals Energy Share Discussion Threads

[defender3] 11/10/2018 19:21

Mr Andrew Shrager, Chairman, commented: "The results for the first half of 2018 have been affected by a combination of lower production volumes as we see the continued natural decline of our production at Petrosak, increased production taxes, and having to hold large stocks valued just at cost, as our first tanker was not loaded until after the period end. Nevertheless, EBITDA was positive at over US$1 million, and even after some US$5 million of capital expenditure, our term debt position remains comfortable."

"The most important events of the period were the successful work over of well No 7 and the potential discovery well No 1 at South Dagi, which should progressively help to offset the decline at Petrosak. The acquisition of a shareholding in the most important port on Sakhalin Island is part of the strategy. The objective for this investment is to secure the future of our refinery at Petrosak, improving throughput and margins, which we expect to see over the coming months."

"We have initiated a plan that could allow us to acquire our own fracking fleet for Articneft and continue to investigate partnerships to develop our Komi reserves and resources."

"We remain confident that we can build a long term future for the Company, but believe that shareholders should share in our results, and so are pleased to confirm the intention to propose at the AGM in November that a dividend should be paid for the period to 31 December 2017 that is equivalent to last year's dividend."

[lalria] 11/10/2018 18:56

Talking rubbish again bengal

[bengal1] 11/10/2018 17:26

Suspension looming..

[chavitravi2] 11/10/2018 17:25

Interesting. 20k more buy than sell yesterday and 50k more buy than sell today.
How much more do they have in the locker?
I think some good buys now and few sells and this is back up quick to where it was especially if we get some news tomorrow saying it's sorted.
As some of you guys said $1.5m won't break us and if we get it back and divi is 're enstated and good news not far away in regards to JV and drilling we should be away again. It's just a matter of the trust factor.

[gregpeck7] 11/10/2018 13:34

Only 2 MM's at 55... This "could" finish blue?!

[martyn9] 11/10/2018 13:16

Without stating the obvious, i hope the slack bod have immediately put in place a 100% secure procedure for ANY money transactions. Keep a tight hold of the purse strings idiots.

[gregpeck7] 11/10/2018 13:09

Current share price risk reward looks to be hugely bullish.. imho. Took a few this am.

[gaffer73] 11/10/2018 12:44

It's all part of the game. This will blow over just in time for good results from the recent drill, they do it again and again. I tell you those Ruskis are making a fortune

[martyn9] 11/10/2018 12:08

Your not the only one who's picked star companies john w, i could add another 6 names to your list.A bent casino for some directors but make good salaries/expenses to boot.

[johnwalton] 11/10/2018 11:59

also
San leon

All had similar directors and poor corporate bodies.

[martyn9] 11/10/2018 11:36

Chav a lot of buying in the last half hour but of course MM's holding it back.

[chavitravi2] 11/10/2018 11:29

Mm don't seem to mind taking large sells. Why I ask myself?
Do they know this is sorted? Is someone taking a large stake in the background?

[gregpeck7] 11/10/2018 11:02

L2 improving, chaps.. I think the bottom may have been seen here... Hopefully...

[loser7] 11/10/2018 10:33

CHAVI-Halifax rang to say the best price mm are offering is 41p.
I can sell now online at same price

[martyn9] 11/10/2018 10:30

Darren, this should test your question re: director buying? at these levels you would think they would buy if confident all issues could be resolved.

[neftanik] 11/10/2018 10:20

Or is this an ideal top-up opportunity while you wait for next news? Joint Ventures, well completion, running your very own port facility. So much more to come

[neftanik] 11/10/2018 10:18

Heading for the 52 week low. So, selling up now and hedge your losses or risk a de-listing?

[chavitravi2] 11/10/2018 10:03

Loser7, that smells fishy. Who from may I ask.
They dropped it on nothing this morning, why? Mm out for a kill or someone is hovering up on the cheap hence I ask.

[loser7] 11/10/2018 08:48

cancelled the order as had a call and was offered .41 to sell

[loser7] 11/10/2018 08:41

no idea - believe it or not still pending, Halifax for you :-(

[lalria] 11/10/2018 08:35

Not sure why you cant sell mate - No issues with buying or selling

[loser7] 11/10/2018 08:26

unable to sell either, placed a sell order at 8.06am still pending

[martyn9] 11/10/2018 08:19

Nope credibility with this company gone over a cliff edge i'm afraid.Not even attracting buying with a 50p offer/ask.