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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 |
From Jul 2019 to Jul 2024
TIDMUEN
RNS Number : 5858E
Urals Energy Public Company Limited
01 June 2012
Urals Energy Public Company Limited
("Urals Energy" or the "Company")
1 June, 2012
Operational Update
Urals Energy, the independent exploration and production company with operations in Russia, today announces that Well #41 located in the Petrosakh Field has been successfully completed, with preliminary results showing approximately 140 bopd, which was within the target range.
Following the successful result at Well #41, preparatory work has now begun on Well #53 also located in the Petrosakh Field.
Investor site visit
During the last stages of completion of work on well #41, the Company hosted representatives of Alpcot Capital Management Ltd, Urals' largest investor. The representatives visited all existing wells, the refinery, and had a chance to meet with the drilling team, workers, and management on site and in Yuzhno-Sakhalinsk.
Full Year Results
Urals Energy will announce Full Year results for the year ended 31 December 2011 in the week commencing 4(th) June 2012.
Commenting on today's announcement, Alexei Maximov, CEO said:
"We are very pleased with the success at Well #41, which was in part due to having benefitted from our experiences on Well #51. Furthermore, this is a strong endorsement of the potential of our acreage and the ability of the strengthened team to deliver positive results on time and within budget. As we continue to focus on the development of our Petrosakh and Arcticneft assets the next phase of the development drilling campaign is already underway with preparation for Well #53.
We are happy with the changes that have been recently made at Petrosakh, including the hiring of new professionals and adjustments to shifts schedule. The company is committed to continue improving its operations."
Enquiries:
Urals Energy Public Company Limited +7 495 795 03 00 ------------------------------------- --------------------- Alexei Maximov ------------------------------------- --------------------- Sergey Uzornikov ------------------------------------- --------------------- Allenby Capital Limited +44 (0)20 3328 5656 ------------------------------------- --------------------- Nick Naylor Alex Price ------------------------------------- --------------------- Pelham Bell Pottinger +44 (0)20 7861 3232 ------------------------------------- --------------------- Mark Antelme ------------------------------------- --------------------- Maria Blank ------------------------------------- ---------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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