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: 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: Petraco Loan Settled Plus Petrosakh Well 54 on Further Test
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide the following updates. Petraco Loan Further to the Company’s announcements on 29 May 2015 and 1 September 2015, the Company confirms that the loan provided by Petraco Oil Company Limited including accrued interest …
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: 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: Petrosakh Takes 300m Rb Credit Facility
The Board of Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that its subsidiary undertaking, JSC Petrosakh (“Petrosakh”), has entered into an 18 month revolving credit facility (the “Loan”) with the Sakhalin branch of OJSC Sberbank of Russia (“Sberbank”) under which …
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 …
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: ArticNeft – Workover Increases Production By 30%
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide an operations update: ArticNeft The workover programme continues with well #546 showing a 30% increase in flow rate to 79 bbl/d. Wells #547 and #548 have been closed down temporarily to allow for …