Member Info for Gambier

How can you give a £150 million valuation for UEN when you consider the market cap of other Russian oilers listed on FTSE? What metric valuation have you used to reach that figure? Why have all the UEN imbeciles gone quiet all of a sudden? Is it because for the 15th time a one day spike has collapsed back to baseline?

How can you give UEN a £150 million valuation when another Russian oil company is trading at the same valuation but with $150 million cash reserves, 10,000 bod production, 500 million barrels 2P reserves and hundreds of millions spent on operations and infrastructure? Are you utterly dense?

How can you give UEN a £150 million valuation when another Russian oil company is trading at the same valuation but with $150 million cash reserves, 10,000 bod production, 500 million barrels 2P reserves and hundreds of millions spent on operations and infrastructure? Are utterly dense?

Are you stupid? The comparison is between market capitalisation! Exi has had one share issue when they got institutional investors to stump up a over a £100 million at 400p per share.

60% more ? What on earth are you on about?

Where is Gambier? Another spike, another load of nonsense about valuations and takeovers, and of course - the inevitable SP collapse. Nothing is new in the latest RNS. Netback has increased? Ermmmmmm, well what did you think would happen following a substantial increase in oil price? Also, do you understand the difference between the net proceeds from a shipment and annual net profit? �150 million valuation is probably the most laughable thing I have read on a share board for a long time. With current oil prices, Exillon Energy is probably generating $60 million annualised net profit. This includes a net cash position of around $150 million, 10,000bpd production, 500 million barrels 2P reserves (with full 3D seismic) and infrastructure in the hundreds of millions. The current market cap of this company is �161 million. So as a Russian comparison, you can see how much sh*t you are talking.

TryThinking, that�s a fair analysis, the potential for a multi-bagger is definitely there. The problem is that Russian stocks are completely off the radar for institutional investors (and most private investors). The trust isn�t there and suspicion always lingers. Going off actual share performance, Russian oilers that have listed in the UK have done very badly and just don�t deliver SP wise. So on the one hand I agree, the company has great operational potential and financially solid, but I would want a large defensive margin. It is cheap already purely on metrics but I can�t ignore actual SP performance. If oil can keep rising and the SP can lose another ten percent, I think I will join you in taking a punt.

It is hard to value UEN - it�s new acreage has no 2D seismic and limited drilling history - so how do you determine quality of reserves. Also there is little information on netback per barrel. The debt is well under control, they have decent cash flow and the new acreage is interesting. They now have economy of scale with the producing wells after this years acquisition of surrounding acreage. My target is 40p on the basis that if drilling goes badly then you should still get out unhurt. They might hit oil in 2018 and it goes to 150p. The current market cap isn�t outrageous, but I�m just not that interested enough to take the risk on such large unknowns. IF it does go to 40p I would be happy to buy a significant amount. If oil price was to go into the 70s I might take a punt at 50p if such an opportunity was available.

Actually you haven�t. Instead evaluating my posts against the facts of the matter, you disregarded them and accused me of being a deramper with ulterior motives. I predicted a sub two pence with solid reasoning - proven correct. I predicted a peak 7p for the best sell point - proven correct. I predicted a dramatic fall from 7p (linked to the absence operational support for such a price) - proven correct. You on the other hand have posted an emotional diatribe on how the SP ought to reflect your UEN theories. You are not remotely respectful, you have absolutely no respect for the facts and reasoning put forward by another poster and instead smear them as some charlatan looking to bring the SP down. You are not trying to be respectful, you trying to shut down debate with faux politeness. You are a typical bedwetter who cannot psychologically except hearing the other side of the debate.

I�m not sure you can think. You are giving facts for the last five years as reasons why it SHOULD go up - IT HASNT GONE UP THOUGH HAS IT !!! You have invented a story in your own mind of what the share ought to do and have completely ignored what it has actually done. I�ve read this share far better than you and you are lecturing me? Now stop wetting your bed about my negative comments, if you are so confident what are you worried about?

But yet you have failed to reply to any of them? You keep convincing yourself of whatever makes you psychologically contented. I will just keep watching from the sidelines and buy in if this drops to 40p.

1) You sound like you are trying to convince yourself 2) Nobody can be sure of anything with share 3) If you look at the share price over the last five years the rampers have been completely wrong on every single thing. The sceptics have been absolutely correct. Your opinion means nothing against the facts 4) Read through all my posts over the last few years - I have been proven correct on nearly every single thing. I predicted the sub 2pence buy-in opportunity, the optimal sell opportunity (7p) and the inevitable collapse we have seen from summer onwards. I don�t know what will happen here, I can only guess. But my guess allowed me to more than triple my money and may well get me in cheap once again - roll on 40p.

My target would be 40p. If it gets there I would buy on the basis of being defensive position. There is nothing to drive the SP upwards. There is just plenty of risk of delays and further poor drilling results.

Was a slam dunk sell when it reached 6p, why on earth anybody held on is beyond me. This will drop every week, as I have pointed out repeatedly. Sell for gods sake.

Because the 'debt' is front loaded. They have used their cash reserves and debt facility to pay for the majority of next drilling campaign with an upfront payment. So in the years that follow they will have minimal capital expenditure on the books. The net cash position was around $170 million before they made this upfront payment. Current market cap is $168 million.

No worth well below cash. Crazy stuff.

Minus cash EXI now valued at $50 million (£39 million). This values each 2P barrel of reserves at 10 cents and gives an P/E of less than one. Looks like this is going to be valued at cash very soon.

40p and this becomes a good defensive buy on possible drill results in 2018.

Down she goes again, a steady 5% to 6% decline each week on solid sell volumes. People are bailing but why didn't they do this when the SP was nearly double what it is now. Disappointing drill campaign has been announced since, but any positive results were priced in anyway, thats why it was a slam dunk profit take.

Khotin could move the money out with a click of a button. The issue is where the money is going. There isn't any proper governance in this company, the CEO and Chairman are literal servants of Khotin. A few Russian media sources are claiming that this has allowed him to steal oil from Exillon , and through bribes at Transneft and sell the oil through the national pipeline for personal profit. One particular site claims it is on the verge of publishing an article explaining how he was able to steal these 'extra barrels'. I don't believe any of the drilling results or production figures over the last four years and if they were independently audited you might well see this scam. The FSA are not willing to act on this premium listed company so you can't expect them to expose him. Putin has had enough of him, he has closed his bank and now he wants his assets. Looks like the next oligarch who goes to prison and loses his wealth. He is on borrowed time.