Urals Energy (WKN: A0F5HS)

Re Moscow Office

Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, announces that its Moscow office was visited by police officers towards the end of last week. During the visit a number of files were removed. The directors of Urals Energy (“the Board”) believe that the visit may be related to the requisitioned EGM (which is scheduled to be held on Monday 27 January 2014), the loan due from Mr. Vyatcheslav Rovneiko (as confirmed by a Court of Arbitration in London in 2012) and the alleged debt repayment agreement against the Company (details of which were announced on 23 October 2013). As previously announced, the Board has no reason to believe that the alleged debt repayment agreement is genuine and the Board notes that date for repayment of the amount concerned, being US$41,652,000, was 15 December 2013.

Further announcements will be made upon further information relating to the visit being forthcoming.

Ehrlichgesagt weiss ich momentan nicht, was besser wäre-verkaufen??oder nachkaufen??Mit einem technischen Rücksetzer bis ca.9c hatte ich schon gerechnet,aber dann gleich so ein Absturz??Bei dieser Aktie gibt es so viele Für und Wider....Positiv wären da mal das Erreichen der Gewinnzone,die noch zu erwartenden Bohrergebnisse,über 50Mill Barell Reserven,die Seismologischen Untersuchungen..die auch schon längst fällig sind!!!..sowie die Übernahmefantasie.Das die Aktie viel zu billig ist wird wohl niemand bezweifeln...ausser diejenigen die sie übernehmen wollen:) Negativ wären da:die miserable Nachrichtenpolitik der Führung-,der Streit mit Rovneiko!!!der Polizeibesuch im Moskauer Büro!!!!!und die verschärfte Steuerpolitik Putins.....! Was mir aufgefallen ist die letzten Tage:es gehen nur kleine Verkaufsorder über den Tisch: 5000-30000 Stück meistens,selten sinds mehr.Und die werden dann sofort weggekauft!!Es gibt also keine grossen Insti-verkäufe.Ausser der Transfer der 41Mill Stück von Alpcot zu Adler Impex SA.  Folglich will man hier die nervösen Kleinanleger abschütteln-denke ich!!Denn wenn hier wirklich Feuer am Dach wäre,wären die grossen Pakete schon längst verkauft worden-......hier lacht sich klammheimlich jemand ins Fäustchen und sammelt billig ein!!Was mir jedoch komisch vorkommt ist,das der Kurs in Frankfurt Anfang Dezember abgesackt ist...in London erst eine Woche später!! Wie denn das??Sollte doch eher umgekehrt sein?Ich bitte um Komentare und Berichtigung falls ich falsch liege oder was wichtiges vergessen habe!  Grüsse!  

Adler Impex   25,08%, Fire East   18,19%, JP Morgan  4,94%, Petraco  3,44%, Sperbank  7,42%,  Latvijas Bank  19,4% ,BNP Baribas  2,67%,  Hargreave Hale LTD  0,51& Management  5,65%!!!Das sind 87,13 % der Aktien,das heisst also das nur 12,7%,oder rund 33 Millionen Aktien im Freefloat !!!  Hmmmm......und keiner der Instis verkauft!!Was die wohl wissen,das wir nicht wissen???  gl  

Die kommende Woche wird's zeigen!!War alles nur ein Fake -oder geht der Kurs an oder über die 20cent Marke!!??Wenns über 20cent geht ist die nächste grosse Hürde charttechnisch erst bei ca 70cent!!Auf Grund der Wahnsinnsmeldung über die entdeckten Ölreserven, durchaus vertretbare Kurse.Ich jedenfalls verkaufe nicht unter einem Euro!!!Einfach mal abwarten-zurücklehnen und beobachten...lG  

Post bitte mal ein link zur '' Wahnsinns Meldung''

http://www.uralsenergy.com/newsdetail.asp?news_ID=6463
 

http://www.uralsenergy.com/newsdetail.asp?news_ID=6464  

Zugegeben,mit Wahnsinnsmeldung hab ich wohl etwas zu hoch gegriffen,in meiner ersten Euphorie,aber ich glaube für eine Company die vorige Woche grad mal mit ca.10Mill.Euro bewertet war,sind diese Ölreserven eine ganze Menge!Früher oder später wird,oder muss der Aktienkurs anziehen.Ich bin seit 3 Jahren dabei,und bleibs auch bis auf weiteres.Die Halbjahreszahlen waren ja nicht so besonders,aber in den nächsten Wochen kommt der Bericht zur Tankerfüllung (Arcticneft),das spült der Firma auch wieder so ca:19-20 mill.Dollar in die Kasse.  PS:alles nur meine persönliche Meinung!lG  

aber mit Schulden von knapp 41 Mio. $ - schon...
http://www.kommersant.ru/doc/2519942
(mit Übersetzer, geht's)  

Bitte erklär mir wieso Urals Energy nichts mit Arcticneft zu haben soll, wo sie doch grade die Halbjahreszahlen, mit einer Ölförderung auf Arcticneft von 118958 Barrel gebracht haben.!!?? Wo zurzeit grade ein Tanker mit ca.200000 Barrel Öl gefüllt wird!!?? Bitte klär mich auf-Danke!  

Urals Energy PCL (''Urals Energy'' or the ''Company'')
Completion of Tanker Loading and Update on Petraco Loan

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Arcticneft on Kolguyev Island has been completed successfully. The tanker left Kolguyev Island on 23 October 2014 with 26,093 tons of crude (an equivalent of 207,940 barrels).

The sharp fall in Brent oil prices in October 2014 and the continuing depreciation of the Russian Rouble have resulted in lower netback for export sales of oil from Russia. The average Brent price in the second half of October 2014 (the period of Arcticneft shipment) reached its lowest level for the year at US$86 per bbl (second half of October 2013: US$107 per bbl.).

Whilst marketing and transportation expenses were in line with last year, the Company’s export netback has also been affected by export duty being set by reference to oil prices in September 2014.

The combined effect of these factors has been an approximate 30% decrease in the netback received by the Company on its export sales.

Petrosakh is only selling in the domestic oil market for which netback prices for oil products have been stable during the first nine months of the current year. The Company expects a seasonal increase of the product prices in the Sakhalin market for the remainder of the year. The Board believes that this will secure the Company’s operating cash flows at a level sufficient to maintain operating and investment activity in 2014.

As announced on 6 June 2014, the Company entered into a secured short-term loan agreement with Petraco Oil Company Limited (“Petraco”). The re-payment date for the US$3.9 million received from Petraco under this agreement, as well as for prepayment received from Petraco for export duty settlement in the amount of US$9.8 million, is linked to the shipment of this tanker. This indebtedness is anticipated to be settled before the end of 2014 at which point Petraco’s collateral over Arcticneft will be released and the Company will be entirely debt free.

Strategic Update
The Board also wishes to provide shareholders with the following update in relation to the Group’s immediate core priorities, which are to:
undertake a comprehensive review of the drilling programme at Petrosak to stabilise production and optimise refinery outputs to maximise local market net backs;
prepare and implement a new development programme for ArticNeft to bring forward production from the identified proven undeveloped reserves set out by Miller & Lents in their recent report (details of which have been announced previously). This development programme will focus on raising production levels substantially and improving the profitability of ArticNeft;
improve investor perceptions and understanding of the Company’s stable financial position and potential of its assets; and
identify potential acquisition opportunities within Russia that combine existing oil production with potential for adding reserves, as well as refinery opportunities that can be integrated with oil production.
The Company will also seek an early withdrawal of the Alleged Debt Repayment Agreement or seek a more rapid legal solution to this issue which has deflected the Company’s management and resulted in the Company incurring significant costs over the last year.

Commenting Andrew Shrager, Chairman of Urals Energy said: “I would like to place on record my thanks to Alexei Maximov for his contribution to the Company and its shareholders over the last five years. The changes to our Board and management will help reduce the Company’s overheads and ensure we have a team in Moscow that is focused on our priorities for the next three years. We will be recruiting a new Chief Executive Officer as soon as is practicable.

“In the near term the Company will have to cope with a lower oil price, rouble devaluation, and potentially rising rouble inflation that can be expected to follow. The management will report back to shareholders on our progress on a regular basis.

“The Board is pleased to be working with Adler Impex, a 44% shareholder in the Company, on implementing the Company’s strategy and the identification of new Directors to join the Urals Energy Board.”

Urals Energy Public Company Limited (“Urals Energy” or the “Company”)
ADRA Dismissed by 2nd Court of Appeal in Moscow

The Board of Urals Energy (AIM: UEN), the independent exploration and production company with operations in Russia, announces that it has received notification from the Moscow Court of Cassation (the 2nd level appeal court in Moscow) that the Company has won its case concerning Urals Energy’s appeal against the ruling of the 1st level appeal court in Moscow to grant Russian court jurisdiction in respect of the claim by UEN Cyprus Limited to recover the sum of US$41,652,000 from Urals Energy (the “ADRA”). Further details of the ADRA have been announced previously, including on 23 July 2014.

Urals Energy is also pleased to announce that it is in advanced discussions in relation to the withdrawal of all litigation between the Company and Mr. Viatcheslav Rovneiko and further announcements will be made at the appropriate time.

Andrew Shrager, Chairman, commented:
“We are pleased to be able to announce receipt of the Tanker Payment and the repayment of the short-term loan from Petraco, the result of which is that Urals Energy is now debt free. We look forward to updating shareholders on progress in securing an agreement to settle litigation with Mr V Rovneiko and our operational plans for 2015 over the coming weeks.”

http://www.uralsenergy.com/newsdetail.asp?news_ID=6470

Urals Energy PCL (''Urals Energy'' or the ''Company'')
Rovneiko Settlement

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that the Company has now signed a comprehensive settlement agreement with Mr V Rovneiko, a former Director of the Company, on all outstanding litigation and pending or threatened disputes, following the discussions announced on 18 November 2013. All parties to the dispute are pleased to bring it, and all other related or unrelated allegations, to a full and final resolution.

The ongoing litigation had arisen over two principal matters, namely the ADRA and the London Arbitration Award:

The ADRA: As part of the overall settlement, Mr Rovneiko has agreed to withdraw his claim for US$41 million arising out of the disputed ADRA, a claim that the Company has opposed vigorously over the last year;

The London Arbitration Award: As part of the overall settlement, the Company has agreed to terminate its recognition and collection efforts on the Arbitration Award, waive its rights and release Mr Rovneiko from any obligation thereunder.

The accounts of the Company in previous years did not make any provision for the ADRA claim whereas the loan which was the subject of the Arbitration Award had been fully written off in the accounts of the Company in previous periods. As a result, no current write off, provision or adjustment in the Company’s accounts is required by the above settlements.

StockMarketWire.com - Urals Energy PCL has won its case against the appeal made by KNGF in the matter of its outstanding loan to KNGF, equivalent to about $0.5m and expects the court in the first instance to issue the order for its collection in mid-February.

"As announced on 13 January 2015, all litigation in the matter of the ADRA and the Arbitration Award has been terminated," it said.

Urals also issue the following updates:

ArticNeft: Perforation of four wells of its six well work over programme has been successfully completed. Calibration of pumps to optimise the production rate is in progress.

Petrosakh: On well # 112, cementing of the casing is being undertaken, prior to drilling the pay zone.

Petrosakh refinery: The damage to the control equipment of the column has been fully assessed and it is expected that replacements with equipment provided by Siemens will be completed in approximately two months. However, the refinery is expected to be brought into operation in a manual regime within the next two weeks.
- See more at: http://www.stockmarketwire.com/article/4968121/...thash.cuvTGLyE.dpuf

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces an update on its litigation with Komineftegeofizika (“KNGF”).

On 30 January 2015, the Company announced that it had won its case against the appeal made by KNGF in the matter of its outstanding loan to KNGF, equivalent to approximately US$500,000. On 10 March 2015 Urals Energy announced that KNGF had filed a second appeal with the cassation court and submitted a motion to stop enforcement of the debt.

The Company is pleased to announce that a cassation hearing took place today on KNGF’s second appeal at Commercial Court of Moscow District (the “Court”). The Court agreed with the decisions taken earlier by the court of first instance and the appeal court and refused to satisfy the KNGF’s second appeal. The Court also revoked the suspension of enforcement procedures by Urals Energy that were imposed until the Court’s decision had been issued.

Commenting Andrew Shrager, Chairman of the Company, said: “We are delighted that the Moscow Court has rejected KNGF’s second appeal and removed the suspension on the enforcement procedures. We will now consider the best way to enforce the Court’s decision”.

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ich halte die schon seit Jahren, habe jetzt fast keine Hoffnung meht(((  

Urals Energy ist schuldenfrei und steht besser da als in den letzten 5 Jahren.
Aber der Aktienpreis wird hier anscheinend durch andere Faktoren bestimmt.

Welche Faktoren beeinflussen es? Jemand druckt den Preis runter!  

bei mir zeigts im bid 0,02 und ask 0,07. flatex/ Frankfurt. Kleiner Unterschied von nur

350%.

 

Director dealing

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces that the Company has today been notified that Andrew Shrager, Non-Executive Chairman, has today acquired 500,000 ordinary shares of US$0.0063 each in the Company ("Ordinary Shares"), at a price of 2.7 pence per Ordinary Share.  This acquisition of Ordinary Shares was made via Hillsilk Limited, a company that is controlled by Andrew Shrager.

Following this purchase Andrew Shrager has a total beneficial interest in 1,590,500 Ordinary Shares in Urals Energy, representing 0.63% of the Company's issued ordinary share capital.

http://www.uralsenergy.com/content/news/archive/2016/281216.asp

28 December 2016

Urals Energy PCL ("Urals Energy" or the "Company")
Loan financing update

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

The Board of Urals Energy PCL (AIM: UEN), the independent exploration and production company with operations in Russia, announces that further to the Company's announcement on 23 August 2016, the loan provided by Kamchatcomagroprombank ("KKAPB") for the acquisition of Arctic Oil Company Limited has now been repaid in full.

Following the repayment of the abovementioned loan, the Company's subsidiary JSC Arcticneft entered into a new short-term loan finance arrangement with KKAPB. KKAPB is a bank in which Mr Shvets, the shareholder of Adler SA, the Company's largest shareholder, is a board member and shareholder with 15.4% of KKAPB's issued share capital.

The principal terms of the new KKAPB loan are as follows:

Principal: Russian Rouble 40 million (approximately US$660,000)

Term: 31 August 2017

Interest margin over Central Bank Rate: 5%, equivalent to a total of 15% on an annualised basis

Security: part of the crude oil produced by Arcticneft

The proceeds of this new KKAPB loan will be used by the Group for the general working capital financing of Arcticneft.

Based on the data available from the Central bank of the Russian Federation, the Board believes that the terms of the new KKAPB loan compare favourably with potential terms from other Russian banks, as credit remains generally difficult to obtain in Russia.

Additionally, the Group is approaching the full repayment of the final tranche of one of its loan facilities with OJSC Sberbank of Russia ("Sberbank"), which was orignally put in place in 2015 (as announced on 30 June 2015). Following the full repayment of the 2015 Sberbank facility, the Group will have a single revolving finance arrangement in place with Sberbank (as originally announced on 20 September 2016). Further announcements will be made as appropriate.