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: Statement by Sergey Kononov President of JSC Petrosakh
Dear UEPCL shareholders, I, on behalf of JSC Petrosakh as its President, would like to address a number of misleading accusations made by the UEPCL Board of Directors (the “Board”) in various RNS announcements issued on and after 10 October 2018 concerning JSC Petrosakh and its management. First of all, …
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: Kononov Calling AGM to Replace Board?
The board of directors of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, announces that the Company has received a letter from Adler Impex S.A. (the “Requisitioner”) regarding a purported requisition for Urals Energy to convene an extraordinary general meeting of the Company (the …
Urals Energy Capital “Highly Constrained”, Prepares To Load Tanker
Urals Energy PCL said Thursday that its working capital continues to be “highly constrained” after an un-authorised USD1.5 million loan made from its funds left it short of working capital. The Russia-focused exploration & production company also added that its tanker has arrived at the Kolguev Island where loading should …
Urals Energy: Working Capital Constrained, Accountants’ Review Initiated
Further to the announcements made on 15 October 2018 and 10 October 2018, the board of Urals Energy, the independent exploration and production company with operations in Russia, provides the following update on the Group’s working capital position and other matters. The Company’s announcements of 15 October 2018 and 10 …
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: Board and Company Update
The Board of Urals Energy, the independent exploration and production company with operations in Russia, announces various Board role and management changes, along with a litigation and general update. Board Changes Mr Leonid Dyachenko, who is presently an Executive Director of the Company and has held the position of CEO …