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 PLC: 2018 Half Year Results
Urals Energy PLC, 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 2018. Key Points of the Company’s activity for the six months ended 30 June 2018: · Developed reserves for continuing operations and potential reserves for …
Urals Energy: Tanker Shipment Update
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update. Tanker shipment update The price per barrel for the tanker shipment announced on 16 July 2018 has now been confirmed as US$76.46 per barrel. After taking into …
Urals Energy PCL: Tanker Shipment Update
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that the tanker shipment for export from the Company’s Arcticneft operations on Kolguyev Island has been successfully completed. On 14 July 2018, the tanker left Murmansk, where the shipment’s gross volume has been …
Urals Energy: Okruzhnoye P1 Reserves Recalculated and Increased by 264%
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, provides an minor update to the Competent Person’s Report (“CPR”) that was recently prepared by Blackwatch Petroleum Services Limited (“Blackwatch”). The Executive Summary of the CPR was announced on 11 May 2018. The main …
Urals Energy: South Dagi – Drilling Program Delayed, Workover Ops Proving Successful
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide an update on its drilling operations at the South Dagi licence area on Sakhalin Island. South Dagi licence on Sakhalin Island. The Company’s initial South Dagi development programme consists of the …
Urals Energy: Loads Tanker, South Dagi – Prepping Pad for Operations
Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to provide the following operational updates: Tanker loading The loading of the second annual tanker shipment for export from Arcticneft on Kolguyev Island has been successfully completed. The tanker has been loaded with 23,951 …