Urals Energy: EGM Replaces Board – Long Live the King!
The newly elected Board of Directors of Urals Energy PCL, would like to thank those shareholders who have voted for them the recent extraordinary general meeting (the “EGM”) and announce results of the EGM and the new Board’s strategy going forward. Results of the EGM At the EGM held earlier …
Urals Energy: Repays Remaining Loan to Petraco Oil Company
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce that the Company has settled its remaining indebtedness to Petraco Oil Company (“Petraco”) totalling US$8.6 million. This settlement consists of US$3.0 million of the remaining interest payment outstanding in accordance with the restructuring agreement …
Urals Energy: 2013 Half Year Results – Working Capital Turns to Black
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce its half-year results for the six months ended 30 June 2013. Operational Hghlights – Total production at Arcticneft reached 125,651 barrels (H1-2012: 128,249 barrels). – Total production at Petrosakh reached 240,533 barrels (H1-2012: …
Urals Energy: Passive Seismic Survey at Articneft
Urals Energy PCL , the independent exploration and production company with operations in Russia, announces that a two part Passive Seismic survey has been completed for Articneft on the island of Kolguev by GeoDynamics Worldwide srl, and the Company expects to receive the full results in late August / early …