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: Board Advises Against Adler Impex Sa EMG Resolutions
Urals Energy announces the following details of the extraordinary general meeting scheduled for 11am Cypriot time, 9am GMT, on the 22nd February 2019 (the “EGM”) at the registered office of the Company at Glafkos Tower, Office 501, 5th floor, 3 Menandrou street, Nicosia, CY-1066, Cyprus. The EGM is to be …
Urals Energy: Shareholder Update, Resignation of Nominated Adviser and Suspension of Trading on AIM
The board of Urals Energy PCL, the independent oil and gas exploration and production company with operations in Russia, is providing an update for its shareholders in respect of the Group’s operational and financial position, the resignation of the Company’s nominated adviser and the suspension of trading in the Company’s …
Urals Energy: Share Price Changes Not Connected to Any Material Changes in the Company’s Position
The Board of Urals Energy PCL, the independent oil and gas exploration and production company with operations in Russia, has noted the recent rises in the Company’s share price. The Board does not believe that there has been a material change to the Group’s overall operational or working capital position …
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: 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: 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: Initial Findings from Accountants’ Review and Other Updates
Further to the Company’s recent announcements, the board of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, provides the following updates. Initial findings from the accountants’ review The initial stage of the independent review of transactions by Urals Energy’s 98.56% owned subsidiary, JSC Petrosakh …
Urals Energy: Tanker Shipment Sails, Working Capital Position Remains Highly Constrained
Further to the Company’s recent announcements, the board of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, provides the following updates. Tanker update The tanker shipment for export from the Company’s Arcticneft operations on Kolguyev Island has been completed. The tanker has left Kolguyev …