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whistler51 I checked through the RNS's recently and found that UEN haven't done a placing since 2010 so there is very little reason for them to do one now or in the foreseeable future. Even the short-term loans won't be required much longer after the profit on the last tanker load - and that was with oil at about $62 a barrel. And don't forget UEN paid a dividend at the end of last year and companies that pay dividends never need to raise any cash.

�1.19 paid.

Buys and upwards movement here today. CPR imminent. Hard to buy now and it'll be even harder when the RNS pops out.

This company is a dead dog. It should never have ever been allowed to float on even the AIM market with their lack of income and prospects. Placing after placing and no hope of ever generating any real income and now they have the ultimate "pretend" turnaround CEO who just buys tons of shares but never sees any real changes before quitting. And no I don't hold here. This is just on my watchlist. AJMO.

In reality Trevor Brown has a reputation for gaining managerial posts at which point he starts to acquire huge holdings via direct purchases and cheap options at ultra-low shareprices while a lot of herd-types shareholders jump in to follow his lead thus ramping up the shareprice before deciding to resign and sell off the whole of his holding helping to crash the SP back to previous lows. All just my opinion.

The buying has slowed down because the MM's now want �1.13 - but then they have already reissued all the stock they got from punters selling for a small profit so they have no option but to bump up the buy price.

"often foreign companies" is what I meant to say.............

The shareprice should bounce of �1.00 anyway at the worst.

Lack of communication and interaction with shareholders is always a major factor. Russia is a major oil producer these days and not really a worse place to work than either Argentina or Kazakhstan (where PPC and CASP operate). It is still liable to currency fluctuations which are sometimes averse, but again these other 2 countries have far bigger problems than Russia - often foreign countries cannot take dollars out of Argentina and Kazakhstan is always devaluing it's currency. And of course Russia will also be in focus this year with the World Cup as football (and the Olympics) can bring huge money into a country. Mainly lack of communication I feel. Where is the long overdue CPR - it's time to bring it out now the shareprice is at last moving upwards after months of falling every day and also time to give the shareholders the figures they are always trying to guestimate. They are going to be good so the company should be shouting them from the rooftops instead of hiding them away in a great wall of silence. I don't mind if this falls back as I shall buy more. �1.29 is the top price paid so far and that is probably less than half the possible upside with good reserves figures. ATB

Caspian Sunrise (formerly ROXI) which produces 3400bopd has a m/cap of �177M.

Still the CPR and some communication regarding year end results and general production would be good here and certainly help to continue the rise to a sensible m/cap. CPR please asap...................

President Energy (PPC) with 1500bopd and rising to 1700bopd by February has a m/cap of �131M!!!!!!!!!!!!!!!!!!!!!!

Just to show how undervalued this is Cabot Energy have issued a production update today and with production peaking at 827 bopd from their 100% owned fields they have a steady m/cap of about �32.5M (648 million shares at 5p). The m/cap may even increase there as that may still be based on the average production for 2017 which was only 300bopd. UEN m/cap with 2145bopd is even today still only �14M. Embarrassingly Cabot recently issued a Reserves Report giving proven resources of only 2.9 million barrels - against UEN's tens of millions of barrels.

The last official news was the RNS dated 21st December: "Spudding of the first well at South Dagi The Company has spudded its first well, a planned exploration well, at the South Dagi field on Sakhalin Island. The well's target pay horizons are the Okobycay horizon and the Daginsky neogenic horizon, with the target depth being 2,200 meters. It is anticipated that this depth will be reached in the second quarter of 2018. The Board intends for this well to be the first well in a programme of three exploration wells at South Dagi over 2018 and 2019, which are to be drilled by Urals Energy's own team using the rig that was recently acquired from Jereh Group."

Yes, sorry, I forgot about the ongoing drill. TD is anticipated to be reached in Q2 2018 so in all fairness that isn't going to have an immediate effect on the shareprice here.

Or of course punters could think they know better and sell now for a 20% - 50% profit. Personally I think to hold for the CPR is going to be the most profitable route.

I remember the previous CPR back in 2014. I cannot remember if the CPR was expected but there was no general expectation and the shareprice hadn't risen at all and had been at 0.03p for ages when it suddenly popped out. It came out at 7.00am and the SP rose all day to finish over 200% up and then rose further the next day to peak at over 300% up. The CPR was brief and the share at the time was completely under the radar. If we see a similar rise this time the shareprice could easily go as high as anywhere between �3.00/�4.50 with �2.50 as an absolute minimum. With the CPR now imminent this seems a very good prospect with very little chance of anything going wrong and the figures should be very good.

We may or may not get a year end trading update. There was one last year in January but there hasn't been one every year in the past. The main news due, which is imminent, is the updated CPR. This was due by the end of 2017 but according to the RNS dated 21st December is now due in the early part of 2018. "Andrew Shrager, Chairman of Urals, commented: The Blackwatch Report (the CPR) will be a comprehensive review of all data, including detailed maps which will be of great assistance to the Company, and for this reason has taken somewhat longer than anticipated originally, which is understandable as we have built our portfolio of licences significantly in the last two years." The previous CPR was issued on 2cnd October 2014 and caused the then shareprice to rise from 0.03p (today 60p) to a high of 0.1325p (today �2.65p) over a couple of days. Since then the assets have increased considerably. And of course the m/cap is way undervalued just on production figures, falling debt, new drills and new prospects, dividend, etc. Sell now for a small profit or hold for a much larger profit when the Competent Persons Peport is published.

782,936 barrels of oil for the year ending 30th June 2017 according to Page 20 of the presentation. 2145 bopd.

UEN haven't even started drilling on the RK oil licence area in mainland Russia which thet acquired in 2015 and which is in a producing oil and gas province and has estimated recoverable oil reserves of over 250 million barrels (Page 15 of presentation).