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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Urals EN. | LSE:UEN | London | Ordinary Share | CY0107130912 | ORD USD0.126 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 35.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMUEN
RNS Number : 6187C
Urals Energy Public Company Limited
18 April 2017
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Dissemination of a Regulatory Announcement
that contains inside information according
to REGULATION (EU) No 596/2014 (MAR).
18 April 2017
Urals Energy Public Company Limited
("Urals Energy", the "Company" or the "Group")
Operational update
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to provide the following operational update.
Petrosakh
The Group's drilling team has spudded Well 130, which is located on the main Petrosakh licence area on the Eastern coast of Sakhalin Island. The target depth is 1,680 meters and it is expected that this depth will be achieved in up to eight weeks. The Group is targeting the Pilenga horizon, the principal oil bearing horizon of the Okruzhnoe field. Further announcements in respect of Well 130 will be made as appropriate.
Arcticneft
Further to the announcement made on 30 March 2017, the Company is now in the advanced stages of negotiation regarding a new contract with the Petraco Oil Company for two export shipments from Articneft in 2017. At present the Company has approximately 31,000 tons (approximately 245,000 barrels) of commercial crude in stock. The first tanker shipment is expected in mid-June 2017.
- Ends -
For further information, please contact:
Urals Energy Public Company
Limited
Andrew Shrager, Chairman Tel: +7 495 795
Leonid Dyachenko, Chief 0300
Executive Officer
Sergey Uzornikov, Chief www.uralsenergy.com
Financial Officer
Allenby Capital Limited
Nominated Adviser and Broker
Nick Naylor / Alex Brearley Tel: +44 (0) 20
3328 5656
www.allenbycapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFVVSDITLID
(END) Dow Jones Newswires
April 18, 2017 09:39 ET (13:39 GMT)
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