Urals Energy: Andrew Shrager, Leonid Dyachenko and Stephen Buscher Resign Board Positions on Eve of EGM
Urals Energy announces that Andrew Shrager, Leonid Dyachenko and Stephen Buscher have resigned as directors of the Company with effect from the close of business today. As noted in the Company’s previous announcements, an extraordinary general meeting is scheduled for 11am Cypriot time, 9am GMT, tomorrow 22nd February 2019 (the …
Urals Energy: South Dagi – Drilling Program Delayed, Workover Ops Proving Successful
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide an update on its drilling operations at the South Dagi licence area on Sakhalin Island. South Dagi licence on Sakhalin Island. The Company’s initial South Dagi development programme consists of the …
Urals Energy: Benefits from High Oil Price on Next Tanker Shipment, Net Debt Massively Down
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update. Tanker shipment update The price per barrel for the tanker shipment announced on 31 October 2017 has now been confirmed as US$62.15 per barrel. This pricing is …
Urals Energy: 1H 2017 Results – Gross Profit Up 22%
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 2017. Operational highlights · Total production at Arcticneft during the period reached 186,831 barrels, including production of 55,691 barrels from Arctic Oil Company …
Urals Energy: 2016 Results – Production and Revenue Up 12%
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce its audited financial results for the year ended 31 December 2016. Operational highlights · Total production at Arcticneft reached 289,986 barrels, including four months of Arctic Oil Company Limited (“ANK”) production of 39,818 barrels …
Urals Energy: Aiming to Cautiously Ramp Up Activity in 2017
The board of Urals Energy PCL , the independent exploration and production company with operations in Russia, provides a post year-end update on trading for the year ended 31 December 2016 and the outlook for 2017. The Board also provides details of an intended capital reduction and share consolidation and a …
Urals Energy: Leonid Dyachenko Confirmed as CEO, Alexei Ogarev Steps Down From the Board
The board of Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that Mr Alexei Ogarev yesterday notified the Board of Urals Energy (the “Board”) of his decision to resign from the Board with immediate effect. Mr Ogarev has informed the Board that his decision …
Urals Energy: Outlines Drilling and Workover Plans for 2017
The board of Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide the following update on its plans for operations in 2017: Komi operations At RK-Oil, we have completed preparations to re-enter the existing well and this should commence in Q1 2017. At …
Urals Energy: 2015 Production Up 2%, Company Looks for Good M&A Options
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide an operational update: Production data for 2015 Total production by the Group during 2015 increased by 2.0% and reached 675,318 barrels. This was made up as follows: · production at Arcticneft reached 253,592 …
Urals Energy: 2015 Production Up 2%, Company Looks for Good M&A Options
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide an operational update: Production data for 2015 Total production by the Group during 2015 increased by 2.0% and reached 675,318 barrels. This was made up as follows: · production at Arcticneft reached 253,592 …