Inga Srenger

Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that Mrs Inga Srenger has notified the Board of Urals Energy (the “Board“) of her decision to resign from the Board with immediate effect. Mrs Srenger has informed the Board that her decision is due to …

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 …