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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 : 7746Y
Urals Energy Public Company Limited
07 March 2017
7 March 2017
Urals Energy Public Company Limited
("Urals Energy", the "Company" or the "Group")
Clarification regarding financing for 2017
Further to the Company's announcement of yesterday and following enquires from a number of shareholders, the board of Urals Energy PCL (AIM: UEN), the independent exploration and production company with operations in Russia, confirms that the Company is in a position to finance its planned operations for 2017, as described in yesterday's announcement from its existing financial resources.
As stated in yesterday's announcement, the Company continues to prepare development plans for approval by the Russian Federal Authorities for its operations on Kolguyev Island, its two companies in Komi (being BVN Oil and RK-Oil) and for the South Dagi licence area on Sakhalin Island. These long term development plans, once approved, will involve a considerable step up in the Company's drilling programme and the Board continues to investigate potential partnerships to finance and share risk in the execution of these new development plans.
Further announcements in respect of the above matters will be made in due course.
- Ends -
For further information, please contact:
Hot Features
Premium
Urals Energy Public Company
Limited
Andrew Shrager, Chairman Tel: +7 495 795
Leonid Dyachenko, Chief 0300
Executive Officer
Sergey Uzornikov, Chief
Financial Officer
www.uralsenergy.com
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
MSCUGUBCWUPMGCM
(END) Dow Jones Newswires
March 07, 2017 09:53 ET (14:53 GMT)
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