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UEN Urals EN.

35.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

United Energy PLC - Disposal

03/06/1999 11:48am

UK Regulatory


RNS No 2551k
UNITED ENERGY PLC
3 June 1999


The Board of United Energy plc announces that the disposal of AmBrit Energy
Corp.'s US oil and gas assets has been completed.  In accordance with the
completion mechanism described in the explanatory circular dated 6 May 1999,
an amount of approximately US$1.2 million is being held in escrow pending
final accounting adjustments to be settled on 1 September 1999.  US$1 million
of this relates to a working capital provision to be repaid at the final
accounting date and US$0.2 million relates to title defects on three
properties which the Board expects will be cured.

Enquiries:
United Energy plc
Derek Howard-Orchard, Group Technical Director           Tel: 01242 253773


END

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