Member Info for mbingo

This is so cheap on every measure. It has assets of USD 92m as per latest interim financials. 3m net debt after 2nd kolguev tanker in October. It's a cash cow at these Brent rates. Petrossakh producing approx 1000 BOPD for the local market via their own refinery. Arcticneft and Arctic Oil producing approx 1400 BOPD to be transported via tankers in May. Last year, over 240,000 barrels went in 1st tanker. Oil price was significantly below current price and the company got stung on the tax front. At the current price for 240,000 barrels, they will receive US$13-14m after tax for this first shipment. !! Market cap is £14.5m - ludicrous price. South David still is Q2. CPR is due....

They raised 2.8m. Current market cap at 2.4. Company incentivised to get the market cap up towards 0.3 to allow for warrants to be triggered and additional cash to the company. Business plan approved by Barclays. Significant Placing shares already churned - major volume in last month. Charity connection does give them a USP for businesses looking to generate goodwill. I think that this will recover sufficiently for warrants to be triggered and the next stage of the recovery.

This will multi bag from this price.

A positive write-up here from Vector Vest. A buy rating stock at 166 - conservatively! Personally looking for a lot more. http://www.branduk.net/buy-urals-energy-uen-says-vectorvest-fundamentals-relative-timing-add-up-to-a-highly-attractive-oil-sector-play/

Bottom definitely in on this one!

Be greedy when others are fearful ... This was at .13/.14 only a few weeks back. Price is 30% below placing price. Cash covers market cap and some!! I'm in for some.

A bit of volume and this will fly! V little free float here.

It's been over two months since news. Ops update/CPR/South Dagi drill. Financials... plan re tankers...

Seems a little quiet here given 2400 BOPD when Brent is at 67 USD/Barrel. Market cap of £16m - so cheap!!

(Circa 1400 BOPD from Articneft inc the new asset) - and another 1000 BOPD from Petrossakh operations.

Nice to see the start of the next leg up - and a bit more volume over the last couple of days. Still very much off the radar and well undervalued IMO based on existing operations, not to mention South Dagi drill etc. The CPR has got to be any day now. This will highlight the big disparity between reserves and market cap. Brent back at 66.5 - wow! Oil from Arctineft sells at a premium to Brent of 1-2$. More than 2000BOPD! Netback at US$40 / barrel for October tanker was based on a price of 62/barrel. At this price, that's a lot of USD!

I reckon that the CPR will do it, which was due in 2017. It will re-rate, no question. Operations update would be good too.

They don't just have the two tankers from Kolguev, they also have the daily production of 1200 barrels plus at Petrosakh.

Thanks

HGM ?

And they own refinery at Arcticneft. So much to get excited about in the investor presentation on their website - November 2017: -2P Reserves at Articneft 2014: 36M barrels! -Selling at $1-1.8 /barrel premium to Brent -Additonal production from Arctic Oil acquisition 348 BOPD - Articneft production over 1000 BOPD (outside Artic Oil) Petrossakh - over 1000 BOPD South Dagi - Drill. 20m reserves plus. Having had six months of strong Brent prices - and more to come, great opportunity to increase cash flow.

Yes, they own their refinery in Petrossakh. In addition to refining their own product, from half year 2017 financials: "The Company signed an umbrella contract with a supplier of condensate from the Kamchatka region. Approximately 90,000 barrels of condensate are to be delivered to Petrosakh and processed at our refinery. The Company believes that having this additional volume available for processing will lead to a positive effect on the Company's operating cash flow during the upcoming winter period".

This clearly has scope to re-rate quite quickly without any news, given the limited free float and fundamentals. 1000 BOPD at current oil prices with similar netback as per October tanker for the Kolguev operations at 45$ barrel after taxes/costs. Another 1000 barrels at Petrossak sold in the local market. South Dagi drill to increase production again. Reserves there at more than 20million. CPR due. Dividend at 10 % EBITDA. Value here!!

Oil price was around $44/barrel in June 2017. Urals were hit badly by this for 240,000 barrels 1st tanker from Kolguev and paid tax at higher rate (of 50-55barrels oil). They took a double hit. See half year report 2017. Brent is now at $65/barrel. Goldmans see it at $80. Even if it dropped to $55, this would have a really positive impact by comparison to 2017. And I'm only talking about Kolguev! Apologies for my excitement, it is being overlooked by the market and this share should re-rate accordingly. Personally I don't see Brent dropping to $55....

Volume is low currently. Any sniff of news will lead the mms to mark much higher;the float is so small. Bit of patience required here for a company that does not talk itself up. Good news and this flies!