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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 : 0835H
Urals Energy Public Company Limited
10 March 2015
Press Release 10 March 2015
Urals Energy PCL
("Urals Energy" or the "Company")
Litigation update
Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces an update on its litigation with KNGF.
As announced on 30 January 2015, the Company has won its case against the appeal made by KNGF in the matter of its outstanding loan to KNGF, equivalent to approximately US$500,000. Urals had expected the court in the first instance to issue the order for its collection. However, Urals Energy understands that KNGF has filed a second appeal with the cassation court and submitted a motion to stop enforcement of the debt. Further announcements will be made at the appropriate time.
- Ends -
For further information, please contact:
Urals Energy Public Company Limited Andrew Shrager, Chairman Tel: +7 495 795 0300 Leonid Dyachenko, Interim Chief Executive www.uralsenergy.com Officer Allenby Capital Limited Nominated Adviser and Broker Nick Naylor Tel: +44 (0) 20 3328 5656 Alex Price www.allenbycapital.com
Media enquiries:
Abchurch Henry Harrison-Topham / Quincy Allan Tel: +44 (0) 20 7398 7710 quincy.allan@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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