Member Info for ART123

Link to the latest (November 2017) company presentation. Contains lots of interesting facts: http://www.uralsenergy.com/archive/presentations/Urals_Inv_Presentation_20_11_2017.pdf?v=231117 I don't think there will be a tanker load until the usual time which is June because the Arcticneft wells are situated to the north of Norway deep in the Arctic Ocean and the seas will probably be frozen until the summer thaw. It says they can store up to 550,000 barrels onsite so they have to keep it stored until the tankers can get through the ice.

It was a 20 to 1 consolidation though not done for any particular reason as there were only 252 million shares pre-consolidation. Now there are 12.6 million. UEN haven't done a placing since 2010 and there is no reason to do one now as they are in production with around 2200 bopd, are profitable, about to become debt free and even pay a dividend.

1 code - I believe in them if some don't. RNS imminent - could even be today as UEN often drop them in the afternoon and I've often seen 1 codes deliver the goods on the same day.

�1.00 to sell now.....................it might wobble around the �1.00 for a day or two and then it's a clear run up to �2.00.

Just jumped. 105p paid. Maybe CPR is imminent. UEN release RNS's at any time of the day. 3pm or 4pm is as common as 7.00am.

I think this is just a re-rate. Share prices often move in this manner. After the 20 to 1 consolidation the shareprice was about �1.30 and for month after month it just dropped, despite some very good trading figures and a maiden dividend. Now it has bottomed out and with a CPR due imminently and a new drill underway and production which is way in excess of the m/cap and the huge reduction on debt at the end of last year this is just going to re-rate back to a sensible level.

2 big delayed buys - both over 10,000 shares. 95p paid - 100p imminent. I suppose there will be some sellers at 100p but this could easily continue up to 200p and beyond. Re-rate this time last year was from 40p to 160p but with the now improved oil price revenue and EBITA are much higher now.

I'm watching for the Tulainyo flow test results where there is a Net Gas Play of 56 metres (183 feet) with porosities ranging from 15%-20%. This doesn't need to be fracked and if this flows, as it should do, then the operators should be able to declare a commercial discovery (as has happened at PXOG with their Italian drill today). The relevance here for the future is that Alvares is on the same trend as Tulainyo and should yield similar results. I'm afraid that all this p*ssing around at Dempsey is very annoying and getting nowhere slowly.

The only problem is that the Final Results which will give the profit for year ending 31st Dec 2017 won't be coming out until the end of June (or possibly the end of May as in 2014).

Nice start - 86p/90p now. This should sail through �1.00 with hardly a blink. Well there may be some nervy sellers at that point but it looks as though this is going to re-rate properly now and with an updated CPR due imminently and possibly a trading update I can see over �2.00 quite easily. UEN is a profitable 2000 bopd dividend paying oil producer.

Still quite a lot of selling going on here which surprises me as without the sells this will rise very quickly. Only 12.6 million shares of which over 49.3% are not in public hands.

From RNS dated 21st December 2018: "The Board anticipates that the full Competent Person's Report will be available in the early part of 2018." "Andrew Shrager, Chairman of Urals, commented: The Blackwatch Report 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." Easy �1.00 and more likely �2.00 +. As this has bottomed out now from what looks like a long and painful fall it is now simple case of hold and wait. As I hold mine at 66p/70p and didn't hold here at the higher prices I am expecting a double/treble up. Best to ignore Gambier as this share is now on the rise. ATB

The problem with ASX companies, and GBP is an Australian based company, is that because they have such huge natural assets at home they tend to favour the companies that hold these home-based assets and more or less side-line the ones with overseas assets. Still there's no excuse now for GBP management not to get on with this project and at least catch up with ECO and Pancontinental which are both JV'd and heading for drilling.

I have to admit I am more than a little disappointed with the shareprice reaction this morning and I was expecting a much higher SP. It was a shame the CPR came out first on ASX as they don't seem to get anything and also the COS is probably lower than most were expecting. The SP is falling away now even though it has hardly even gone up and a m/cap of �6 is a joke. Be good to see if the management finally wake up and get a partner to progress this towards drilling.

It looks like the MM's have got hold of some shares for opening. Not sure where they are coming from but if they run out due to buying pressure then things could get interesting.

This will probably open at 5p to buy

Small buy of 50,000 just gone through early at 4.5p............looking good and may get to 10p+ today.

4p on the ask to open - and it'll probably be more than that within seconds. This is going to make ASX look stupid within an hour or 2.

I'm surprised this came out first on ASX and that there was so little movement or appreciation of the size of these prospects. This should rise a lot more on AIM today (especially with GGP blanking out on their potential "take over" by Newmont). I'm not too clued up on the technical side but this sounds important: "Gemsbok, Lion and Dik-Dik are identified as dip-closed structural traps, which the Company regards as particularly compelling since previous large prospects identified by other Namibian operators have mainly been stratigraphic in nature." Any oil experts care to explain what this means in layman terms.

https://www.investegate.co.uk/global-petroleum-ltd--gbp-/rns/2d-seismic-survey-commences-in-namibia/201109190728384620O/