Urals Energy PLC Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.5613476 Enjoy!!
http://www.uralsshareholdergroup.org/ By slepy ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5613476&action=detail Sun, 22 Nov 2009 18:02:00 GMT slepy tag:iii.co.uk,2003:tst.5613286 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5613286&action=detail Sun, 22 Nov 2009 16:26:00 GMT senn1965 tag:iii.co.uk,2003:tst.5613282
OR ITS CURTAINS?? YOU LOT WAIT TO SEE WHO IS RIGHT. By senn1965 ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5613282&action=detail Sun, 22 Nov 2009 16:23:00 GMT senn1965 tag:iii.co.uk,2003:tst.5613266 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5613266&action=detail Sun, 22 Nov 2009 16:18:00 GMT senn1965 tag:iii.co.uk,2003:tst.5612430 Friday, 20 November 2009

Urals Energy completes Sberbank transaction; Ashmore put option terminated

UEN LN: Under Review

Event: Yesterday (19 Nov), Urals Energy (UEN) announced the completion of its loan restructuring arrangement with Sberbank. This has culminated in the transfer of its 35.3% stake in Taas-Yuriakh Neftegazdobycha (the licence holder for the Sredne-Botuobinskoye field in East Siberia) to Sberbank, in return for full discharge of the outstanding portion of the $500mn debt that was taken on in connection with UEN's acquisition of Taas in Nov 2007. In connection with the transaction, as previously announced, Ashmore has officially terminated its put option agreement with UEN (click here to view Urals Energy - Ashmore put option to be terminated dated 14 Jan 2009), releasing UEN's stakes in Petrosakh and Arcticneft from the collateral.

Action: Trading in UEN shares was suspended on 30 June 2009, pending the publication of 2008 annual accounts. UEN said yesterday that it now expects to publish its financial results, hold its AGM and seek the resumption of trading in Urals shares before the year-end.

Rationale: Completion of the Sberbank transaction and termination of the Ashmore put allows UEN to retain control of both Arcticneft and Petrosakh, valued at about GBP0.22/share assuming zero remaining debt. However, UEN's CEO, Alexei Maximov, said recently that the company intends to "restructure its other existing obligations" on completion of the Sberbank deal, meaning the remaining debt level could be clearly material, although impossible to evaluate now given the lack of accounts. It is therefore only after the release of UEN's financial accounts that we could properly adjust our fair value estimate for the company. It is therefore only after the release of UEN's financial accounts that we could properly adjust our fair value estimate for the company. Until then, we have put our rating and price target Under Review.



Alexander Burgansky
Telephone: +7 495 258 7904


By Neftanik ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5612430&action=detail Sun, 22 Nov 2009 06:11:00 GMT Neftanik tag:iii.co.uk,2003:tst.5612051
Будьте терпеливы и ваше терпение вознаградится!

Нефте By Neftanik ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5612051&action=detail Sat, 21 Nov 2009 18:43:00 GMT Neftanik tag:iii.co.uk,2003:tst.5611255
Informing shareholder of an AGM which should be announced in accordance with FY Reports publication and share relisting is a further enigma.

By Speculative_Investor ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5611255&action=detail Sat, 21 Nov 2009 09:49:00 GMT Speculative_Investor tag:iii.co.uk,2003:tst.5610736 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5610736&action=detail Fri, 20 Nov 2009 22:11:00 GMT HPC Follower tag:iii.co.uk,2003:tst.5610082
Not opposing positive news like that but just a thought.

Regards,
SI By Speculative_Investor ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5610082&action=detail Fri, 20 Nov 2009 18:12:00 GMT Speculative_Investor tag:iii.co.uk,2003:tst.5606396 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5606396&action=detail Fri, 20 Nov 2009 08:44:00 GMT senn1965 tag:iii.co.uk,2003:tst.5604707 Lets assume UEN relist and manage to refinance what assets would they still own ?
I am correct in saying

1- Petrosakh 2P reserves 27 mil boe with ca 236 mil boe potential gross unrisked resources and a production volume of ca 3000 boepd

2- Articneft 2P reserves 33 mil boe and ca 1000 boepd production

3- Urals Nord 5 exploration licences with 94 mil boe potential gross unrisked resources

any help welcome and hopefully our long awaited christamas present will arrive on time


GL all


By theloved1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5604707&action=detail Thu, 19 Nov 2009 18:23:00 GMT theloved1 tag:iii.co.uk,2003:tst.5604210 more info on any debt needed before we can speculate on an opening price By laserdisc ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5604210&action=detail Thu, 19 Nov 2009 16:10:00 GMT laserdisc tag:iii.co.uk,2003:tst.5602731
We've been through the worst and now it is just a matter of time to enjoy the fruition.

Reading the RNS - it could be very soon.

I presume the FY & Interim Reports will go in parallel with trading relist (as it was the main reason why it was suspended for not being able to publish the reports).

The future certainly looks bright as: 'With all of the Sberbank debt now cleared, Urals can return to focus on delivering shareholder growth via our two producing oil assets."

We should see the remaining debts (if there is any) or probably cash flow generated from the oil production.

It looks all good! By Speculative_Investor ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5602731&action=detail Thu, 19 Nov 2009 12:42:00 GMT Speculative_Investor tag:iii.co.uk,2003:tst.5602294 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5602294&action=detail Thu, 19 Nov 2009 11:46:00 GMT bob venki tag:iii.co.uk,2003:tst.5602248 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5602248&action=detail Thu, 19 Nov 2009 11:40:00 GMT senn1965