Urals Energy: EGM Replaces Board – Long Live the King!
The newly elected Board of Directors of Urals Energy PCL, would like to thank those shareholders who have voted for them the recent extraordinary general meeting (the “EGM”) and announce results of the EGM and the new Board’s strategy going forward. Results of the EGM At the EGM held earlier …
Urals Energy: New Drilling Contractor Sought for RK Oil
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Petrosakh Following the announcement on 20 July 2017, testing of well 130 (which will be known as well 102 in future updates) has been completed. The …
Urals Energy: Well 130 Being Logged
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Arcticneft The Company has received payment from Petraco Oil Company Limited following its recent tanker shipment. As announced on 21 June 2017, the loan provided by Petraco …
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 …
RK-Oil: Spuds First Exploratory Well
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to provide the following RK-Oil update. Komi Republic The Company has spudded its first exploratory well on the licence held by RK-Oil, its wholly owned subsidiary which was acquired in November 2015. The …
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 …
Urals Energy: 2017 Strategy – Considerable Step Up in Drilling Program
The board of Urals Energy PCL, the independent exploration and production company with operations in Russia, today provides an update on its strategy for the first half of 2017. In addition the Company has today posted its corporate presentation on its website. Update on strategy The Company continues to prepare development …
Urals Energy: Aiming to Cautiously Ramp Up Activity in 2017
The board of Urals Energy PCL , the independent exploration and production company with operations in Russia, provides a post year-end update on trading for the year ended 31 December 2016 and the outlook for 2017. The Board also provides details of an intended capital reduction and share consolidation and a …
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: 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 …