Member Info for Chavitravi

Some wag said yesterday when pointing it was a cargo ship, they are bringing in the months supply of vodka and some food.

They usually RNS when the tanker is loaded and underway stating how much is loaded. And yes they are sueing for compo for the cock up.

Urals Energy - New Moderated Thread - found in the part referring to the CPR interesting in the last paragraph of it.

As we had changed CPR consultants to Blackwatch Petroleum Services, we were keen that they should make a detailed review of all of our historic and current information from scratch. [The result has been most useful to us in our discussions with potential partners for our key operations.]

Dahmed, to answer an earlier question about dept. We have always had this arrangement with Petraco. It is if you will just an advance on payment for our oil rather than a loan. Yes we play them a bit of interest but it's nowt and tax deductible probably. Apart from that "advance" we owe nothing. The day to day sales and the two tanker shipments now keep us going and lots more to come. Did all see in the last rns they said the last bit the report had helped in their JV talks.

They seemed to be playing about with the sp earlier taking it up and down on nothing. Two buys not showing here. 2k & 2.5k.

The last paragraph of the last rns is of interest and tells a story IMO. Wether it was intended to or not I don't know, but it's there. I have put it in brackets. As we had changed CPR consultants to Blackwatch Petroleum Services, we were keen that they should make a detailed review of all of our historic and current information from scratch. (The result has been most useful to us in our discussions with potential partners for our key operations.)

They do this every year with Petraco who buys our oil. You may as well call it an advance on our oil shipment to them. It lets us pay our taxes and costs up front and more working money to play with. It's probably tax deductible as well. It's a very good arrangement they have which is good for us.

RNS 4-5-18 e that Brandon Hill Capital Limited has been appointed as the Group's Financial Adviser to introduce strategic partners such as oilfield services companies and investors, with the aim of forming joint venture partnerships or other suitable structures, and/or raising capital for our development projects for Articneft and in Komi. The intention is to start with the Articneft development, where our plans include fracking and additional wells, taking advantage of the substantial reserves confirmed by Blackwatch and shown at the beginning of this announcement.

Only the ask has dropped the bid remains the same which may mean they want shares. It maybe the last chance to buy at these prices if they want shares in hand to flog at a better price soon. Unusually tight spread now for this one. I could be completely wrong in my assumption but with the sells today in the past there has been quite a drop in price on nothing like these sells.

Here they go again, dropping it on nothing. The crook mm have put a short in.

When this does come good it will be early retirement for some guys. I know for a fact just two of the guys on the other board own at least 2.5% of the company between them. Happy days for them if it goes on to make a fiver a share. They will have earned it after being with this about 8 years.

There should be another 10k buy showing any time now from around 9am

I really don't know what a production well would put out but I would suppose it's better than the 130bopd. It would depend on the bore of the hole and what pressure there is. But I would think for sure if they re entered with a bigger bore hole and found other sweet spots we would be in the money. Prospects look good there to me.

So far as I know UEN does not have any debt. Any money owing was on a short term loan from the company that buys our oil which could be discribed as an advance on payment. We always repay on tanker oil shipment payment. So far this year we have not had any advances.

Bangers, you should also see that an Exploratory well was drilled there in 2013 and the exploratory, NOT production well was producing 130bopd. That in its self is a good pointer what we may get from there.

The ******** mm's just won't let this go. Market forces are not in play here, it's criminal what they are doing.

Well done you guys who had faith and got in early. This has got to be on people's radar now and it will only take moderate buys from new comers to really move this on IMO.

Another largish late buy at 5pm. Those two 10k trades showing as sell are in fact buys from earlier.

If any of you are thinking of topping up I would say do it now before the herd see the rns that should come any time now.

Tanker is on station ready to load now.