Urals Energy Public Company Limited 2011 - 500 Beiträge pro Seite

[123tom]

18 November 2010

Urals Energy Public Company Limited
("Urals Energy" or the "Company")

Settlement of First Petraco Installment and Operational Update
Urals Energy (LSE: UEN), an independent exploration and production company with operations in Russia, announces that it has settled the first US$3 million tranche due to Petraco Oil Company ("Petraco"), in accordance with the Restructuring Agreement dated 12 April 2010. The settlement was made by means of an off-set of Petraco debt to the Company for the crude oil delivered in October 2010 from the Company's Arcticneft operations.
Drilling results
As was reported on 10 November 2010, the Company has completed drilling its first side track well 35b at Petrosakh. The well was perforated in the interval from 1,470 meters to 1,535 meters. Tubing was lowered to a depth of 1,478 meters, where material accumulated in the hole as a result of the lost-circulation encountered while drilling through the pay zone prevented the tubing from being run further down the hole.
The board is pleased to announce that the well is currently flowing naturally at a rate of 20 tons per day (152 BOPD) with an 8% water cut on a 19mm choke. The well has produced for six days and is still flowing back drilling fluid and cuttings, as a result of the lost circulation encountered while drilling through the pay zone. The Company will continue working towards removing the lost circulation material from the well and commencing full scale production from the perforated horizon. Considering the well's apparent high permeability, (confirmed by the lost circulation in the pay zone), the Company will reassess the use of pumps, or an upgrade in the pump type from the originally planned rod pump to ESP should the well's final productivity warrant it. Further results of performance of well 35b will be reported in due course.
Drilling of the next side track at Petrosakh will commence in January 2011, given the time required for logistics, including bringing new drilling materials to the site from the mainland.
Current production
Production at Arcticneft remains at a level of 712 BODP
Total current daily production, from both Arcticneft and Petrosakh stands at 2,475 BOPD
Enquiries:
Urals Energy Public Company Limited [phone]
Alexei Maximov
Grigory Kazakov

Allenby Capital Limited [phone]
Nick Naylor
Alex Price

Pelham Bell Pottinger [phone]
Mark Antelme
Jenny Renton




Ist noch jemand hier investiert? Habe noch immer ein paar Stücke und würde gerne wissen ob ich diese Abschreiben kann oder passiert hier vielleicht in 2011 noch etwas? Geld für Bohrungen ist wohl noch vorhanden lt. letzter Meldung. Es soll Anfang 2011 weiter gehen...

[123tom]

News Updates

30/12/2010
Result of EGM and Placing Update


Urals Energy Public Company Limited ('Urals Energy' or the 'Company')
Result of EGM and Placing Update

Urals Energy, the Russian focused oil & gas exploration and production company, announces that the resolution put to shareholders at the Extraordinary General Meeting held earlier today (the “EGM”) has been passed.

On 20 December 2010 the Company announced that Allenby Capital Limited (“Allenby Capital”), acting as the Company’s agent, had placed 52,420,768 shares with a nominal value of US$0.0063 each (the “Placing Shares”) with institutional and other investors at 11.0 pence per share (the “Placing”). Subsequently, the Company has placed a further 1,777,303 shares with an institutional investor at 11.0 pence per share. As a result, the Company is issuing 54,198,071 Placing Shares pursuant to the Placing.

The Placing is conditional upon admission of the 54,198,071 Placing Shares being admitted to trading on AIM. The Company is raising approximately £6.0 million (being approximately US$9.24 million, based on an exchange rate of US$1.54 to GB£1.00) before expenses.

Application has been made to the London Stock Exchange plc for the Placing Shares to be admitted to trading on AIM and it is expected that dealings in the Placing Shares will commence on or around 31 December 2010. The Placing Shares will rank pari passu with the existing shares of US$0.0063 each in the Company.

The Placing Shares are equivalent to approximately 22.10 per cent. of the enlarged issued share capital of the Company following Admission. The total enlarged issued share capital of the Company following Admission will be 245,192,034 shares of US$0.0063 each in the capital of the Company. The above figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the AIM Rules.

Enquiries:
Urals Energy Public Company Limited [phone]
Alexei Maximov
Grigory Kazakov

Allenby Capital Limited [phone]
Nick Naylor
Alex Price

Pelham Bell Pottinger [phone]

[123tom]

News Updates

01/04/2011
Drilling Update


Urals Energy Public Company Limited ('Urals Energy' or the 'Company')
Drilling Update

Urals Energy, the independent exploration and production company with operations in Russia, today announces that Well #51 on the Petrosakh field has been successfully spudded.

As part of the Company’s updated drilling strategy to capture the full potential of the Petrosakh field, Well #51 is a large diameter vertical well designed to maximise flow rates.

The Directors expect production to begin before the end of May and further announcements will be made at the appropriate time.

Enquiries:
Urals Energy Public Company Limited [phone]
Alexei Maximov
Grigory Kazakov

Allenby Capital Limited [phone]
Nick Naylor
Alex Price

Pelham Bell Pottinger [phone]
Mark Antelme
Jenny Renton

[mitterland]

eigentlich ein tenbagger.

[mitterland]

heute bei finanznachrichten gelesen, dass 1,4 mio $ dividende für 2010 gezahlt werden(wurden). weiß jemand mehr?

[123tom]

Antwort auf Beitrag Nr.: 41.636.182 von mitterland am 11.06.11 12:23:44

hallo mitterland,

das mit dem tenbagger sehe ich genauso, allerdings interessiert sich niemand dafür!

Was die Dividende angeht, so habe ich keine bekommen (Stand heute).

Kannst du vielleicht den artikel aus FN einstellen? Danke!

Tom

[123tom]

News Updates

17/05/2011
Notification of Major Interest in Shares


Urals Energy Public Company Limited (“Urals Energy” or the “Company”)
Notification of Major Interest in Shares

Urals Energy Public Company Limited has been notified that JP Morgan Chase & Co., and its controlled undertakings, have an aggregate relevant interest in 12,512,061 shares representing 5.14% of the issued share capital of the Company. The interest is shown below.

J.P Morgan Asset Management Holdings (UK) Ltd: 12,465,362 shares
J.P. Morgan Investment Management Inc: 42,883 shares*
J.P. Morgan Securities Ltd: 3,816 shares

*Held in the capacity of discretionary investment manager for various funds.

Enquiries:
Urals Energy Public Company Limited [phone]
Alexei Maximov
Grigory Kazakov

Allenby Capital Limited [phone]
Nick Naylor
Alex Price

Pelham Bell Pottinger [phone]


P Morgan Chase & Co. sitzen mit im Boot! :-)

[123tom]

News Updates

28/06/2011
Annual Report and Accounts


Urals Energy Public Company Limited (“Urals Energy”, or the “Company”)
Annual Report and Accounts

Urals Energy (LSE: UEN), an independent exploration and production company with operations in Russia, is pleased to announce its audited financial results for the year ended 31 December 2010 and to provide an update on strategic and operational progress.

Overview

Stabilising the legacy issues.

Establishing plans to return the Company to growth.

Active discussions regarding the restructuring of the Taas loan.

Increasing confidence in quality of acreage.

Closely monitoring activity in neighbouring blocks which the Board anticipate may further de-risk the Company’s acreage.
Operational

Current production at Petrosakh is 1,527 BOPD.

Current production at Arcticneft is 711 BOPD.

On 20 June 2011 crude oil in stock at Arcticneft was 138,500 bbls.

Well #51 spudded in March 2011, with production expected by the Board in early July 2011.

Following completion of drilling well #51 the Company will start drilling well #41.

12 well workover program at Petrosakh started, expected by the Board to increase production by early July 2011.

Commencement of marketing high octane gasoline led to increase in profitability.
Financial

In 2010 the Company continued to resolve the legacy financial issues and strengthen its balance sheet in order to enable the Company to implement the Company’s ongoing strategy.

Net profit (including one-offs) in 2010 increased to $52.9 million from a loss of $304.0 million in 2009.

Restructuring of Petraco loan and successful private placement in December 2010 raising US$9.24million.
Corporate

Appointment of Ingeborg Srenger as a Non-Executive Director of the Company.
Outlook

Ongoing focus to ensure that the Company’s remaining debts are repaid, the balance sheet continues to be strengthened, and that the cost reduction program is completed.

The Company intends to optimise the existing assets, identify ways of utilising the upside potential in downstream and marketing and achieve a positive operating cash flow.

Focus on further increasing production from Petrosakh and Arcticneft with plans to achieve target production of 3,400 BOPD by the end of 2011 and 5,150 BOPD by the end of 2013 respectively.

Urals will continue to consider and evaluate possible acquisition targets with a view to expanding and optimising the Company’s asset portfolio.
Alexei Maximov, Chief Executive, commented:
“We would like to thank our shareholders for their on going support, and to reassure them that the Board is focused on restoring the fortunes of this Company. 2010 has been a year of stabilisation but the legacy issues are now largely behind us, leaving Urals well positioned to create a leading Russian focused E&P company. We look forward to updating the market with innovations in due course.

The restructuring of the Petraco loan has been a major milestone for Urals and, combined with the successful private placement, led to a strengthening of our balance sheet. As we look to continue the trend of increased profitability, we are committed to working towards additional increases in production from our existing portfolio, and potentially identifying new opportunities to expand the reserve base.”

Click here to download a PDF file of the full Annual Report and Accounts.


Pelham Bell Pottinger [phone]
Mark Antelme
Jenny Renton


--> GOOD NEWS!
Net profit (including one-offs) in 2010 increased to $52.9 million from a loss of $304.0 million in 2009.

TOM

[123tom]

Zeit Aktuelle Nachrichten Sprache: Leser Medien
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19.01. Urals Energy PCL: AGM Results 13 InvestEgate
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08.12. Urals Energy PCL: Loan update 6 InvestEgate
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30.09. Urals Energy PCL: 2011 Half Year Results 4 InvestEgate
23.09. Urals Energy PCL: Development Well #51 Drilling Results 1 InvestEgate