12:29 05/04/2012 Re: closed my short position - long at 7p
Its just a game, nothing personal! I always look for catalysts in the share price, on a negative side they will report a loss of 20million US$ in June, but this is known in the market , on a positive note arbritration is ongoing for a total amount of 10.700.000 US$ For accounting purposes this loan has beenimpairedt fully, but any positive RNS on this one will bring this share back to 10p. By Vincentinvestor1
12:18 05/04/2012 Re: closed my short position - long at 7p
We seem to be eyeing the same shares. I am long here after they repaid their debt. This is drifting lower but I think this is a good entry point though, being in Russia too along with Exillon and Petroneft Resources, their share performance is very similar. By positive999
11:36 05/04/2012 closed my short position - long at 7p
The Company is trading at significant discount (on a 2P reserves basis) to its peers at $0.50/2P bbl (Russian peers $3.0 - 5.0/2P bbl), (on a production basis ) at $12m/bpd. ( Russian peers at $31m/bpd )

Although they will report a significant loss of 20 million US$ FOR 2011, the ebitda numbers will be ok

Another ( partial ) loan pay back of one of their major debtors ( value of 10 million US$ ) could lead to a substantial re-rating of the share in a twinkle.

GLA DYOR By Vincentinvestor1
13:58 12/03/2012 Re: Short UEN ( and other small oil AIM cys)...
Cant short UEN on Cityindex, where can you??

Anyway if you were that far ahead of the market wouldnt you be driving round your 10000 ac. estate and not bothering with this board?
;-) By telephone operator
6:37 28/02/2012 Production increasing
Gas production in Sakhalin in 2012 will grow by more than 10%, oil - almost 4%.

27.02.2012 17:48

Oil and gas companies in the Sakhalin region in 2012 plan to increase gas production by 2.6 billion cubic meters - up to 28 billion cubic meters of oil - 0.6 million tons to 15.8 million tons, said Minister of Natural Resources and Environmental Protection of Sakhalin region Natalia Salayeva at a meeting of the island government.
In the field of hydrocarbon involved five companies. On the shelf of Sakhalin oil and gas operators implement projects "Sakhalin-1" and "Sakhalin-2" of Exxon Neftegas Limited and Sakhalin Energy. On land, - OOO "RN-Sakhalinmorneftegaz", CJSC "Petros" and OGUP "Sakhalin Oil Company."
"In 2011, oil and condensate production amounted to 15.2 million tons, gas 25.4 billion cubic meters. Crude oil and condensate compared to 2010 increased by 0.4 million tons, gas - by 1.1 billion cubic meters. In 2012, the targets for the extraction of oil is - 15.8 million tons and 28 billion cubic meters ", - said the Minister.
According to her, under the project "Sakhalin-1" oil and condensate production in 2012 will amount to about 7.6 million tons and gas reserves - 9.4 billion cubic meters. According to the project "Sakhalin-2" in 2012 is planned crude oil and condensate in the volume of 6.7 million tons, natural gas production at 17.5 billion cubic meters of LNG in the amount of 10.3 million tons.
"In 2012, OOO" RN-Sakhalinmorneftegaz "plans to produce 1.4 million tons of crude oil and condensate and approximately 0.6 billion cubic meters of natural and associated gas. CJSC" Petros "in 2012, plans to produce 69.2 thousand tons of oil and associated gas in the volume of 48 million cubic meters. company this year plans to recycle 58.4 tons of crude oil and produce 58.4 tons of oil products ", - said Salayeva.
She added that the Regional State Unitary Enterprise "Sakhalin Oil Company," set a goal to increase gas production to 35.4 million cubic meters, according to RIA Novosti. By spartacus_1
15:00 24/02/2012 This is safe
‘Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.’ By spartacus_1
13:43 24/02/2012 Short UEN ( and other small oil AIM cys))s
Tthe sole reason why crude prices are surging is because global liquidity has risen by $2 trillion in a few short months, on the most epic shadow liquidity tsunami launched in history, this could lead to the same unprecedented economic catastrophe that we saw back in 2008, only worse: $200 oil. Needless to say, an epic deflationary shock will need to follow immediately, just as in 2008, which means that, in keeping with my,tradition of being 6-9 months ahead of the market, the question today is - which bank will be 2012's sacrificial Lehman to set off the latest and greatest deflationary collapse and send crude plunging to $30 just after it hits $200, and this is something UEN and many others AIMs will not survive. Of course my 2 cents, DYOR GLA By Vincentinvestor1
8:55 21/02/2012 Re: good read
And the interest on that loan was the only thing keeping them afloat, why call in a loan that is paying double the rate that you can borrow at? The Directors will suck this dry in my opinion. I very much hope I am wrong and all who are invested here make money or at leased regain their losses. Its not a happy position to be in, believe me I have been there on many occasions.

Just an opinion. By Voldmort
9:26 20/02/2012 good read
Urals Energy has had a turbulent couple of years. Would you begin by describing its development over the last few years?

There have been several manifestations of Urals Energy. The first was started by Mr. Ramzaitsev and Mr. Rovneiko in the late 1980s as a trading company. The company then started to develop into a large producing company based in the Komi Republic and at that time the company was well known in Russia. Then in 2002 most of Urals’ assets were taken over by Lukoil in a divestment deal.

Right now we are at Urals Energy No. 3 which has been organised by the same shareholders as those of Urals Energy No.2. Most of the money came from the proceeds from the 2002 deal with Lukoil and the first acquisition was a $6million asset. By 2005 Urals Energy had become a large producer. A year and a half later Urals Energy was successful in carrying out an IPO in London and from then on the company grew exponentially, acquiring a few very promising assets in the process. The first of these was Dulisma. Urals then acquired a minority stake in Taas-Yuriakh, - a deal with a very difficult structure and financing scheme for the company. The asset was underdeveloped and required serious infusion of capital, most of which came from the leading Russian financial institution – Sberbank. Unfortunately, due to a combination of negative factors including the world economic crisis, the company simply ran out of time and cash to develop its growing asset base and was subsequently faced with a margin call from Sberbank, which led to a management crisis.

It took the company more than 2 long years to deal with this problem, but at the end of 2009 Urals came to an agreement with Sberbank whereby the company’s 2 largest assets (Dulisma and Taas-Yuriakh) were traded for the forgiveness of the loan. When I took over in November 2009, trading was suspended, morale was low, and the perspectives of survival were dim. Some of the original shareholders and managers of the company were faced with a choice of simply walking away or trying to salvage the company. We chose the second path. Even though Urals Energy was forced to sell its best assets to Sberbank, it retained two smaller assets, Arcticneft and Petrosakh, which became the building blocks of our rebirth.

For the last two years the company has focused on restructuring its loans, strengthening relationships with its partners, and significantly reducing its G&A and other costs including corporate headcount. As a result, the company has dramatically cut costs and inefficiencies and has almost rid itself of legacy issues from the old Urals Energy days. In addition, downsizing the company brought a major change in the corporate culture which is now focused less on deal-making, and more on daily operations implemented by a lesser number of devoted employees.
At the end of 2011, after almost 9 months of negotiations, Urals Energy closed the deal with its former partner Taas-Yuriakh on early payment of a shareholder loan not due until 2015. As a result Urals Energy received $26 million in cash, which will now be used for operations in both Kolguyev and Sakhalin.

Urals Energy is in a recovery mode at the moment and is expected to return to profitability in 2012. All our projections are being revisited as a result of our deal with Tass-Uriyakh and the company feels comfortable at this point.

How tempting is it to return to the M&A activity which typified Urals Energy No. 2?

There is always a temptation, there are always deals to be found and the company monitors the market attentively. M&A activity will continue but the company will be more diligent in its choice to make the right deal. This will need new effort and we have limited our appetites to very specific targets, chiefly within the European part of Russia. However, if something exceptional were to come up elsewhere we would not refuse it on principal – never say never.

We will look exclusively at producing companies. By spartacus_1
15:02 16/02/2012 Re: Urals energy Valuation
rubbish By spartacus_1
14:07 16/02/2012 Urals energy Valuation
You can flip the coin.

Its a party of crooks ( http://www.saveuralsenergy.com/in5.php ) or Urals remains massively undervalued,

Any information, opinion provided is always subject to the possibility of error, both in fact and interpretation, basically you must do your own research or obtain financial advice before making an investment and especially in this company.

GLA- Vincent By Vincentinvestor1
8:38 16/02/2012 Moving up
it has long way to go, 20p is a resaonable target here... By spartacus_1
14:53 15/02/2012 UEN-Oil climbs on supply concerns
Oil climbs on supply concerns
February 15. at 3:37 pm
http://bit.ly/xGrLij By SpikeyDT
8:25 14/02/2012 Re: UEN In a nutshell -here's why....
It failed to make money when it had paid off the Sberbank loan and was receiving a very preferential interest rate on the TAAS loan as an income. That income is now gone! Why did the auditors say that they if was unsure if the company could continue as a going concern.

And I am well in profit from UEN, if I was on a loss and people follow Spartacus logic why would I talk it down. If it is so undervalued then why are you concerned at what I say here as it will have no affect.

We can agree to differ.

By Voldmort
20:50 13/02/2012 UEN In a nutshell -here's why....
Voldmort, I assume you've been locked in UEN at quite a hefty loss for possibly 4+ years, hence your negativity about this company. I can only say I feel for you, and there's no doubt UEN's sp will never go above £1, however having said that, the company is way undervalued, and here's why:

By mid 2008 UEN owed almost $1Bn to Sberbank for the loan it took to buy Taas and Dulisma assets. These were taken away by Sber from UEN in consideration of that loan, allowing UEN to write off the $1Bn debt to Sber;

Taas owed UEN $35 million, and UEN owed about the same amount to Petraco. For the past 2 years UEN has been paying Petraco steadily, and amount owed by UEN as at 9/11/2011 was 19.9 million. As most of this debt was paid off via revenues UEN achieved through sales, there was doubt on whether UEN can go on as going concern.

Recently however, good news was announced re the Taas loan - most of it (i.e. 26,000,000 USD) is being paid back to UEN as result of sale of Taas to to a third party. Now that gives UEN with enough cash to pay off Petraco, and have some left overs too. With agreed schedule of repayment, UEN will give 9.9 mill to Petraco this year, and pay off remainder with revenues of 2012/13 (roughly).

So this potentially gives us a company with no debt (It is very unlikely that Urals will fail to meet obligations given price of oil and cash at hand), some significant cash at bank (can't be bothered to do the maths, but you are all welcome to give it a go - I'm sure number's will be well above break -even point), and two producing oilfields, netting 2400barrels/day, a refinery at Sakhalin (don't forget, UEN is a monopolist producer of petrol on the island), and above 50 MILLION barrels of OIL proved resources - that are currently the lowest priced "proved resources" categorised barrels in Russia (in fact, at almost 80% discount to that of junior Russian based peers).

So, I believe if one does some basic algebra on the current facts surrounding UEN, a conclusion of severe underpricing of the share is not as ridiculous as one may think... QUED and several other big boys, including the directors who recently bought shares, certainly seem to think that way!

Best of luck everyone, DYOR blah-blah-blah

KK



By kostiankur