Urals Energy: Agrees Short Term $3m USD Loan with Petraco Oil Company
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Pre-export short term loan finance arrangement On 7 September 2017, the Company entered into a pre-export short term loan finance arrangement with Petraco Oil Company Limited (“Petraco”) …
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 …
Urals Energy: First Annual Tanker Sets Sail
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to make the following announcements: Tanker loading The planned first annual tanker shipment for export from Arcticneft on Kolguyev Island has been successfully completed. The tanker has left Kolguyev Island with 30,439 tons of crude …
Urals Energy: 2016 Results – Production and Revenue Up 12%
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce its audited financial results for the year ended 31 December 2016. Operational highlights · Total production at Arcticneft reached 289,986 barrels, including four months of Arctic Oil Company Limited (“ANK”) production of 39,818 barrels …
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 …
JSC Petrosakh: Secures 50m Rub Non-Revolving CAPEX Loan from Sberbank
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that its subsidiary undertaking, JSC Petrosakh (“Petrosakh”), has entered into a new 24 month non-revolving CAPEX credit facility (the “Loan”) with the Sakhalin branch of OJSC Sberbank of Russia (“Sberbank”). …
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 …