Urals Energy: Tanker Shipment Sails, Working Capital Position Remains Highly Constrained
Further to the Company’s recent announcements, the board of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, provides the following updates. Tanker update The tanker shipment for export from the Company’s Arcticneft operations on Kolguyev Island has been completed. The tanker has left Kolguyev …
Urals Energy: Working Capital Constrained, Accountants’ Review Initiated
Further to the announcements made on 15 October 2018 and 10 October 2018, the board of Urals Energy, the independent exploration and production company with operations in Russia, provides the following update on the Group’s working capital position and other matters. The Company’s announcements of 15 October 2018 and 10 …
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: First Annual Tanker Sets Sail
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to make the following announcements: Tanker loading The planned first annual tanker shipment for export from Arcticneft on Kolguyev Island has been successfully completed. The tanker has left Kolguyev Island with 30,439 tons of crude …
RK Oil: Ordymskiy Block Well Behind Schedule
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update. Komi Republic The Company announced on 10th April 2017 the spudding of its first well on its Ordymskiy block in the Komi Republic, held by its wholly …
Urals Energy: Arctic Oil Purchase Loan Repaid Plus New Credit Open
The Board of Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that further to the Company’s announcement on 23 August 2016, the loan provided by Kamchatcomagroprombank (“KKAPB”) for the acquisition of Arctic Oil Company Limited has now been repaid in full. Following the repayment …
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 …
Urals Energy: Buys RK-Oil and BNV Oil
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce the acquisition of the entire issued share capital of two private Russian companies, RK-Oil Limited (“RK”) and BVN Oil Limited (“BVN”), from Mr Ilya Glebov. These companies were formed in 2014 in order …