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An approval of their plan by the banks would send this to orbit. Starting point would be much higher than 120 in my view. This was trading in the 500 - 600 range a couple of years back. The shorts closing will add fuel to the fire.

This has consolidated and it looks ready for the next leg up. Or maybe some shorts closing. Certainly confidence building here.

Convinced that this will fly. Will look to add if opportunity presents itself, otherwise a happy hold!

Wow, that's bullish!

120p first stop, then up to 200p. £3.7Bn in revenue. Debbie White well into the business now. Operating margins will materially increase as costs are cut and bargaining power on contracts increase.

At the last count, via www.shortdata.co.uk , short positions were at 7.29%. Could be a major squeeze here. Squarepoint reduced their short by 0.09% on March 13th. Marshall Wace also reduced their short by 0.07% on March 12th. Surely with the demise of a competitor - carillion, and political fallout from that, it will encourage the banks to offer favourable terms and allow Interserve to plan for a profitable future. Welcome further thoughts here as I consider an increase to my position.

The £87k trade is certainly a buy. Plenty of interest at these levels. I expect this to jump back to recent highs shortly.

The RNS said " The Company is involved in negotiations with Orion to agree a long term restructuring of its secured debt facilities with Orion" There is no mention of equity raise/placing.

I'm about. Got 7.5m of these at 0.07. Update due - 2017 results due Q1 2018, where a "detailed update on performance in Q1 2018" to be provided. I expect ...

They were my buys. Would have liked them sub 2, but didn't want to miss the boat after I missed the opportunity first time. Believe that there is massive upside here. Orion have clearly demonstrated their support to the company, and the sheer copper resource and demand for the product in the electric car revolution makes this an opportunity that I don't want to miss. Excited to be a shareholder.

Dividend yield at circa 5% at this price. Revenue from Petrossakh production should be considerably up since half year 2017 numbers given the Brent recovery. Cash flow to aid work overs and increase in production. More BOPD sold to the local market than the Arcticneft export tankers. Back in the buy zone for me at this price. Additional anticipation of south Dagi drill, potential partnerships, new licenses, CPR and Arcticneft tanker. This is cheap!

Makes a lot more sense to go short on something like UKOG ...

I'm long - let's see how it pans out.

There's a lot to look forward to in Q2. South Dagi / tanker / "potential partnerships" Even with the company as is, grossly undervalued. 2P Reserves at 100m +, production at 2400 BOPD. Crazy cheap IMO.

2018 will be a good year for Urals. A bit of bland language in an RNS does not make it a bad company. Fundamentals from 2017 December presentation are what counts. A stable oil price will send their cash position flying. South Dagi drill, New partners at RK/ South Dagi all possible updates. 2P Reserves at 105 million barrels, 4th largest on Aim. They own their refineries. Market Cap of 12.5m now does not make any sense here.

It Isn't the most exciting RNS (Russian mindset) but all they need to do is stay on track to reap returns well in excess of last year, with the prospect of south Dagi drill in Q2 (with 25m+ reserves). Market cap not reflective of the assets, reserves, production or 10% EBITDA dividend.

Top up opportunity ...

Buy Low, Sell high ...

30% below placing price. Market cap well below cash again. Any sign of positivity on the operation a front (and statement due on this Q1 per last RNS) and this will double up plus.

The tax calculation is complicated. What we do know is that the company got stung last year as they paid tax export duty as if on an higher price (of 50-55 BOPD as it has to be paid prior to the tanker leaving). Oil price dropped to 40-44bopd which is what they received for the first Articneft tanker. The oil price is much more likely to be at 62$ plus per the October tanker, and net back after tax for this was more like $45 /barrel. See RNS below for the 189,000 barrels in October Articneft tanker: Tanker shipment update The price per barrel for the tanker shipment announced on 31 October 2017 has now been confirmed as US$62.15 per barrel. This pricing is based on the arithmetic average of the quotations for Brent DTD published in "Platts Crude Oil Marketwire" for the five days after the date of the bill of lading. After taking into account all duties and taxes, transport costs and demurrage, the net proceeds from the shipment are expected to be approximately US$8.5 million, representing a net back of US$45.08 per barrel. This represents an improvement of approximately US$14.18 per barrel, when compared with the net receipts from our first tanker export in June of this year, which was affected by the fall at that time in the international oil price, as noted in our announcement on 28 September 2017. After repayment from the proceeds of the tanker payment of the Petraco pre-export short term loan finance arrangement, announced on 7 September 2017, we anticipate that the Company's net debt will be reduced from US$12.3 million as at the end of June 2017 to US$3.8 million. Our plans for 2018 are as follows: Kolguev Island: - continue work overs and the installation of jack pumps with the aim of keeping production stable at approximately 1,000 bbls/day - assessment of a new programme of deviated wells and or fracking to increase production significantly from existing horizons, and in the case of success; - apply for additional licences on the Island, in order to take advantage of our unique position as the only operator with processing, tank farm availability and its own tanker terminals Sakhalin Island: - continue well work overs at Petrosakh, thus seeking to maintain production at approximately 1,200 bbls/day - upgrade refinery equipment to increase the yield and quality of products - obtain a marine terminal licence for the sale of bunker fuel to local ship operators - deploy newly acquired rig to drill three wells at our new South Dagi licence - workover two existing wells on South Dagi Komi Republic: - additional seismic interpretation for the two oil fields held by RK Oil and BVN Oil - following the cancelation of the first drilling contract at RK Oil, seek a partnership, ideally with a major oil service company to manage the development of the large proven and probable reserves, potentially coordinated with adjacent oil fields that have necessary infrastructure and tran