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: Board Responds to Statement by Sergey Kononov President of JSC Petrosakh
The board of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, has noticed that an English language statement, that is said to be made on behalf of Mr Sergey Kononov, addressed to the Company’s shareholders (the “Statement”) has been issued on the website of …
Urals Energy: Auction Committed to Purchase Non Sea Worthy Passenger Ship
The board of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, provides the following updates. Auction commitment to purchase a passenger ship The Board has been made aware of a possible transaction outside of the Group’s ordinary course oil business by Petrosakh, which the …
Urals Energy: Unapproved Loan Update – Board Requests Loan Repayment
Further to the announcement made on 10 October 2018, Urals Energy, the independent exploration and production company with operations in Russia, provides the following update on the actions that were previously carried out by Mr S Kononov, without the knowledge or approval of the Board. Mr Kononov is the president …
Urals Energy: US$1.5m Unauthorized Loan Hits Working Capital and Dividend
Urals Energy, the independent exploration and production company with operations in Russia, provides the following updates in respect of the Company’s investment in the Kholmsk commercial seaport (the “Kholmsk Port”) and other matters. On 6 August 2018 the Company announced that, among other things, its Petrosakh subsidiary had acquired a …
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 …
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: Drilling and Field Activity Update
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Kolguev Island Oil production in the first quarter of 2017 has been averaging approximately 1,110 bbls/day, compared with an average of approximately 1,050 bbls/day in the last …
JSC Petrosakh: Secures 50m Rub Non-Revolving CAPEX Loan from Sberbank
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that its subsidiary undertaking, JSC Petrosakh (“Petrosakh”), has entered into a new 24 month non-revolving CAPEX credit facility (the “Loan”) with the Sakhalin branch of OJSC Sberbank of Russia (“Sberbank”). …
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 …