Urals Energy: Petrosakh Well #54 Producing at 350 bbls/day, Arcticneft – Wells Shut in Due to Workover
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Petrosakh Further to the update announced on 2 October 2015, the Company announces that production testing at Well #54 at Petrosakh has been completed. The well is flowing at …
Urals Energy: Expands License Area Boundries
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that, following the payment of a royalty of RR27.5 million to the Russian regulatory authorities, the Company has been granted an additional license by the Russian regulatory authorities that has expanded the boundaries …
Urals Energy: H1 Results – Workover Program to Continue to Maintain Production, Working Capital Doubled
Urals Energy PCL (AIM: UEN), 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 2015. Operational highlights Total production at Arcticneft during the period reached 124,697 barrels (H1-2014: 118,958 barrels) – Total production at Petrosakh …
Urals Energy: Tanker Leaves with 27,504 tons of Arcticneft’s Crude Oil
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Arcticneft on Kolguyev Island has been completed successfully. The tanker has left Kolguyev Island with 27,504 tons of crude (an equivalent of 217,282 barrels). …
Urals Energy: Tanker Leaves with 27,504 tons of Arcticneft's Crude Oil
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Arcticneft on Kolguyev Island has been completed successfully. The tanker has left Kolguyev Island with 27,504 tons of crude (an equivalent of 217,282 barrels). …
Urals Energy: Workover Proving Successful at Arcticneft
Urals Energy, the independent exploration and production company with operations in Russia, announces that all of the resolutions put to shareholders at the Annual General Meeting held in Cyprus earlier today were duly passed. The Company is pleased to announce the following update on its operations at Arcticneft and Petrosakh. …
Urals Energy: 2014 Results – Numbers Hit By Exchange Rates, Cost Cutting Program on Course
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce its audited financial results for the year ended 31 December 2014. Leonid Dyachenko, Interim Chief Executive Officer, commented: “2014 has been a challenging year for Urals characterised by low oil prices and volatility …
Ural Energy: Receives $6m Pre-Export Loan From Petraco, Secured Against Arcticneft
The Board of Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that it has entered into a pre-export short term loan finance arrangement with Petraco Oil Company Limited (“Petraco”) under which Petraco will advance the sum of US$6.0 million to the …
Urals Energy – EGM Update
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to make the following statement ahead of the Company’s Extraordinary General Meeting that is being held in Cyprus at 9 a.m. (BST) today. As stated previously, the Board of Urals Energy believes that the Company’s …
Urals Energy: Falling Rouble and Oil Prices Dampen Netback from Latest Tanker Shipment
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Arcticneft on Kolguyev Island has been completed successfully. The tanker left Kolguyev Island on 23 October 2014 with 26,093 tons of crude (an equivalent …