(UEN) Urals Energy

So what are you not saying?

FOR ANY NEWCOMERS>>>>> Looking in .....



Market Cap £20.0m - at 8p. (250m shares incl options)

Production 2,146bpd


$9.9m in debt to be paid down in 2012 from production cash-flow.


$16m in Cash (after receipt of $26m in Loan repayment)


58mbls P2 (currently valued at 37p/bl - at 8.0p sp) vs Russian Average $2.00/bl
Own Refinery and storage facilities.


Supportive financier/shareholder (Petraco) bought at 15p, took warrants at 25.91p.


At $75/bbl Edison say 35p (Yonks ago)

Rencap say 37p with upside on m&a activity which the company signalled in later RNS.

6% investor (Jan 2012 ) QUOD ERAT DEMONSTRANDUM (QED) LIMITED is the Jersey-registered investment vehicle of wealthy Dutch oil industry entrepreneur Marcel van Poecke.

Why is it, just tell me why its so undervalued. Tell me how transparent the management are, please tell me.

bought a few shares and planning to add a few more as this is one of the most undervalued oil stock

Hi Kid sorry for abbreviation hope you don't mind? You are welcome so patience now for the rerate. But as always DYOR. GL :-))

Proactive Investor
2nd February 2012
6:33 pm
http://bit.ly/yvzZ9G

Views from the Trading Floor
Fox-Davies Capital
2nd February 201
http://bit.ly/A2zDWd

Thanks Angelina, good find.

Oil & Gas Market Wrap
Thursday, February 02, 2012
March Brent crude rose 31 cents to trade at US$111.91/barrel on the ICE Exchange this afternoon.
Today’s top risers in the oil and gas sector were
http://bit.ly/z6qUHb

OILBARREL
February 02, 2012 - Fox-Davies Capital
http://bit.ly/wCiGGm

Hi it seems there is a massive rerate to come soon I see below link. GL :-)




http://www.allenbycapital.com/research/urals.html

Does anyone know why this has been steadily rising over the last few weeks?

I know it seemed undervalued, but then so are most of my other O&G shares and they are not rising at this pace.

Thanks in advance

From London, oil prices pull back; Ascent Resources, Urals Energy, Cadogan Petroleum trade higher
Thursday, January 26, 2012 by Proactive Investors
http://bit.ly/wDV7Vs

January 25, 2012 -
Views from the trading floor Fox-Davies Capital
http://bit.ly/xfRD4A

Q the next post from Spikey cut and past letting us all know the results of the AGM that we can get by clicking on the news tab!!!!

LOL

PAL/KEA/UEN
MTA/TRAP/AST
SOLO OIL/AMINEX
Views From The Trading Floor Wednesday 18th January
4:47 pm by Steve Asfour
http://bit.ly/w1Y6Gv

Views From The Trading Floor Monday 16th January
January 16. at 4:33 pm
Cairn Energy.Rockhopper (LON:RKH),
Falkland Oil & Gas (LON:FOGL), Borders & Southern (LON:BOR),Argos Resources (LON:ARG),San Leon (LON:SLE),
Europa Oil % Gas (LON:EOG),Trap Oil (LON:TRAP),
Petrel Resources (LON:PET),Amerisur (LON:AMER),Roxi Petroleum (LON:RXP), Urals Energy (LON:UEN)
Hambledon Mining (LON:HMB),Thor Mining (LON:THR) churchill mining(LON:CHL),
KEFI Minerals (LON:KEFI),
GMA Resources (LON:GMA),
Beowulf Mining (LON:BEM). Vane Minerals (LON:VML)
http://bit.ly/zbzoMS

Urals Energy to accelerate expansion following loan pay-back - Proactiveinvestors (UK) http://bit.ly/vnc8Rm

http://www.proactiveinvestors.co.uk/companies/ceo_focus/965/

Someone stake building? 2x500k buys, wondering whether the price has been walked down to accommodate the purchaser? I'm in for more at this price. Can see a strong bounce coming IMO. GLA

Voldmort, glad to hear that.

The cash position they are talking about is cash, not the net cash/debt you quote.

Cash for H1 2010 was $0.987m and H1 2011 was $0.830m

The company is also making a profit.

The shipment of oil in October gave a revenue of $13m which more than covers the opex for the first half of the year. With the $10m debt repayed next year and cash now at approx $16m the drilling program will recommence and increase profit further.

You may be right about the trust but that will improve with better communication from the BOD which im sure will be discussed at the AGM.

Quite the opposite Gaffer35! I have bought and sold on the ramped spikes and done OK thank you.

This suffers from a lack of trust amongst other things, and inaccurate and misleading reporting.

From the half yearly statement.

"Net cash position of US$9.1 million at 30 June 2011 (US$2.4 million for H1 2010)"

From later in the same statement

"The Company's cash position for the six months ended 30 June 2011 did not change significantly as compared with the six months ended 30 June 2010"

Currently loss making.

nearly valued at cash alone,never mind the oil...expect a decent rerate now..

Voldmort, have you lost a lot of money with UEN or something?

approx $16m in cash, producing 2000bopd, 57mbbls reserves, a refinery and $10m debt with a mcap of £20m seems undervalued to me.

Why do you think its not?

With more wells planned next year to increase production and the rest of the debt repayed this should be a lot higher imo.

SMALL CAP MOVERS: Investors eyeing bargains despite economy worries
By JAMIE ASHCROFT
Last updated at 2:47 PM on 9th December 2011

Meanwhile in the resource sector, shares in Russia-focussed oil firm Urals Energy (down 17 per cent today, at 7.875p) shot up around 45 per cent after it struck a pay-back deal for outstanding loans it made to former associate Taas Yuriak.
The company will receive US$26million as a result, of which US$10million will be paid to its creditor the Petraco Oil Company. Urals said that it will have US$11.6million available to spend on exploration, development and working capital.


Read more: http://www.thisismoney.co.uk/money/markets/article-2072123/SMALL-CAP-MOVERS-Investors-eyeing-bargains-despite-economy-worries.html#ixzz1g392HAeu

SO go on then Urals1 lay the figure bare without hiding any other Debt or operating expenses etc and show just how undervalued it is please.

Urals remains massively undervalued when taking a good luck at the fundamentals. I know it has It has gone through a tough period which should be no surprise however when considering their assets and production levels against their market value this simply is a bargain. With finance sorted there is only one way I expect this to go over next few months. Remain patient and top up at these bargain prices as the fundamentals are always key in long term investment.

December 09. at 12:11 am
http://www.proactiveinvestors.co.uk/columns/fox-davies-capital/7695/views-from-the-trading-floor-8th-december--7695.html

Saints & Sinners
Oil & Gas
Solo Oil PLC (LON:SOLO) closed up about 5.1% at 0.6p, with 11m shares traded. The company recently announced an update on drilling of exploration well, Ntorya-1, in the Mtwara Block of the Ruvuma Basin PSA ("PSA") in Tanzania. God news with the well expected to spud around the third week of this month.Urals Energy jumped 47% as traders moved to forward gear on the back of the news that Urals has transferred its long standing loans (the "Loans") to Taas-YuriakhNeftegazodobycha ("Taas") to Nagelfar Trade and Invest Ltd ("Nagelfar"). Highlights: Urals Energy (LON:UEN) to receive US$26 million, Debt to Petraco Oil Company Limited ("Petraco") to be discharged partly, Settlement reached with Finfund Limited ("Finfund"). Sefton Resources (LON:SER) was the dog of the day, down 11% after the company announced a placing to raise £1 million at 2.1p along with an update on drilling.

PROACTIVE NEWS SUMMARY: Rockhopper Exploration, Range Resources, Urals Energy
4:20 pm by Sergei Balashov
http://bit.ly/uErZuK

The oil and gas sector generated plenty of interest today as Falklands explorer Rockhopper Exploration (LON:RKH) released its interim report, while Panmure Gordon initiated coverage of another closely followed explorer Range Resources (LON:RRL).

Rockhopper said its Falkland drilling campaign has been very successful as it has established the Sea Lion discovery as a world-class asset.

The appraisal and exploration drilling is now coming to an end, with the final well currently in progress.

Subsequently Rockhopper is focusing on engineering and financing as it moves towards a final investment decision for a future oilfield development.

This could involve bringing in a new partner, it said in this morning’s interim results statement.

Rockhopper explained that it has prepared a data room for potential industry partners and debt providers to assess Sea Lion discovery.

“We continue in the rare position of holding 100 per cent of what we are proving up to be a world-class asset, which makes a range of options available to us,” said chairman Dr Pierre Jungels.

“Having established that the field is commercial and that it will be developed, we will now look to proving how, and potentially with whom, best to achieve such a development.”

Rockhopper said that following the recent appraisal drilling it will revise its oil-in-place estimates for Sea Lion, which currently stand at 1.2 billion barrels in the mid-case scenario. It subsequently plans to complete a new competent persons report by the end of March.

Meanwhile, Panmure today recommended investors to buy Range Resources, while giving it a 13.8 pence per share target price.

At the current price of 8.25p Range shares offer investors undemanding leverage to producing fields and frontier exploration plays, says analyst Leila Reddy.

“Range is underpinned by 2P reserves of 25 million barrels, an active development programme which aims at tripling the current 680 barrels a day production volumes and the spudding of its second well in Georgia and Puntland by early 2012,” the analyst said in a note to clients.

“At current levels, this attractive mix of high margin production combined with high impact – high risk exploration upside, with an unrisked net asset value (NAV) 37.9p/share, offers an opportune entry point.”

Back in April, Range acquired a 90 per cent stake in three producing oilfields in Trinidad in exchange for US$52 million and 35.8 million shares. The company is now working to expand and develop the Trinidad operations.

Reddy says the transaction has transformed the group from pure exploration to one that includes flowing barrels.

Looking ahead to the coming year Reddy says that a step-up in production to the 1,400-1,800 barrels a day level in the first quarter will be a key milestone.

That will be followed by a fully funded 21-well development programme, she said. The analyst expects production to reach at least 4,000 barrels a day by 2014.

Urals Energy shares soar on loan pay-back deal
2:25 pm by Jamie Ashcroft
http://bit.ly/tYHnDD

Urals said that it will have US$11.6 million available for exploration, development and working capital.
Shares in Russia-focussed Urals Energy (LON:UEN) shot up around 60 per cent this afternoon as it reached a pay-back deal for loans it made to its former associate Taas Yuriakh.
Urals disposed of its 35.3 per cent stake in Tass back in 2009. The Taas loans relate to an acquisition agreement in 2009 and organisation fees for a project financing deal on an Eastern Siberian oilfield.
"We are delighted to have concluded the Taas loan pay-back deal which has been achieved through nine months of negotiations in extremely difficult market circumstances,” said chief executive Alexei Maximov.
“Whilst the details and background to these matters are complex, shareholders will no doubt see that the company is continuing to work tirelessly to strengthen its balance sheet and this is another firm step towards recovery and the future of Urals Energy."
The company will receive US$26 million as a result of today’s deal. It said that US$10 million of that will be paid to its creditor the Petraco Oil Company.
Subsequently the remaining US$9.9 million debt to Petraco will be settled in 2012, Urals said.
Urals said that it will have US$11.6 million available for exploration, development and working capital.
Additionally Urals told investors that it has entered into a termination and release agreement with Finfund, it second largest shareholder, and Yakut Energy Limited.
This agreement sees Urals pay US$4.4 million to Finfund. Meanwhile Finfund has agreed to release Urals of its obligations to pay pledge fees under an earlier agreement from November 2007. Additionally Finfund and Yakut have confirmed that Urals ceased to be a party to a joint venture agreement entered at that time.
At 14:00 on AIM Urals shares were up 2.5p, or 38.5 per cent, trading at 9p a share. The stock had earlier spiked to an intraday high of 10.25p.

the payment to UEN announced today is equal to just over £16 million, the entire market cap value before today rise! I wonder if we see further rises on the back of this, given all fundamentals and considerable de risking this brings about to Urals? Nice to see Urals announcing some exciting news, post almost 2 years of waiting! GLA

Urals Energy transfers Tass loans to Nagelfar
8 December 2011 | 14:13pm
StockMarketWire.com - Urals Energy has transferred its long standing loans to Taas-YuriakhNeftegazodobycha to Nagelfar Trade and Invest Ltd.

The loans were issued as part of the Taas acquisition in 2009.

The loans were used to pay organisation fees for a $600m project finance loan facility provided by Savings Bank of Russian Federation for the development of the SRB field, financing of interest payments and repayment of third party loans at Taas.

The loans bear interest of 12%, mature in February 2015 and are unsecured.

Urals Energy has assigned the full benefit of the loans (together with all accrued interest) to Nagelfar for $26m.

The value of the principal of the loan is $28m and its book value for the year ended 31 December 2010 was $37.7m (including the accrual of relevant interest).

At 2:13pm: (LON:UEN) share price was +2.75p at 9.25p


Story provided by StockMarketWire.com

maybe Taas is paying their loan early, because it carries a 12% pa interest. In any case, Urals is so heavily undervalued. It is producing oil, has good cashflow, reducing it's debt and it's net cash position accounts receivable+cash-accounts payable is plus and with streaming oil, should be at least 20p

...something happening ?


SAGE

Simple, they will tell them the same as what they all have been doing on here and ADVFN and tell them the SP is undervalued without a clue as what SP should be or how to get tit there. Just because they say "its massively undervalued and anybody can see it" I have yet see any calculations to say its valuation is more that its current SP.

Anyone want to take up the gauntlet?

Good one !

....didnt know all this was going on !!

The proof of strengthened cashflow and balance sheet must be worth extra sp

What asset growth and business activity is proposed by the management, and by the action group ?

Any PI who is interested in trying to improve the management of this company at the coming AGM, please join PIs from advfn by emailing to sonicrainbow@mail.ru or urals.action.group@gmail.com

Together we can influence where this company is going.

Its A bit like saying "The minister has the full backing of the Prime Minister and the cabinet" LOL

Urals Energy’s Maximov confident about future prospects after oil shipment
7:19 am by Jamie Ashcroft
http://www.proactiveinvestors.co.uk/companies/news/35397/urals-energys-maximov-confident-about-future-prospects-after-oil-shipment-35397.html

After making the debt repayment Urals Energy said it plans to use $5.1 million of the remaining export proceeds for the development of its assets, as well as for working capital.
Urals Energy (LON:UEN) chief Alexei Maximov today said he remains confident about the company’s future prospects.

The comments came as Urals announced a tanker shipment containing 227,525 barrels of crude oil from the Arcticneft licence in Russia. This represents an 11.4 per cent increase from last year’s shipment.

Subsequently the company has paid off $8 million from its debt to Petraco Oil Company.

The payment was in-line with the restructured terms of the group’s debt repayment agreement, announced in August. The $8 million payment covers the October and November tranches. It also fulfils Urals’ obligations for 2011.

The outstanding debt now stands at $19.9 million.

“We have made a considerable progress by reducing outstanding debt owed to Petraco and strengthening our balance sheet,” Maximov said.

“With a supportive macro-outlook for oil underpinning growth forecasts, the board maintains its focus on maximising revenues from both producing assets, whilst exploring further M&A opportunities in the sector.

“Against that backdrop we remain confident about the future prospects of Urals Energy.”

After making the debt repayment Urals Energy said it plans to use $5.1 million of the remaining export proceeds for the development of its assets, as well as for working capital.

Maximov added: “The Board continues to see operational progress with continuing production from both Arcticneft and Petrosakh.”

Thanks for that Spikey.
Also some decent trading volume today.
Will have a lot of patience with this one, but it will be worth it.