Urals Energy: Arctic Oil Purchase Loan Repaid Plus New Credit Open
The Board of Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that further to the Company’s announcement on 23 August 2016, the loan provided by Kamchatcomagroprombank (“KKAPB”) for the acquisition of Arctic Oil Company Limited has now been repaid in full. Following the repayment …
Urals Energy: Leonid Dyachenko Confirmed as CEO, Alexei Ogarev Steps Down From the Board
The board of Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that Mr Alexei Ogarev yesterday notified the Board of Urals Energy (the “Board”) of his decision to resign from the Board with immediate effect. Mr Ogarev has informed the Board that his decision …
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: Completes Acquisition of The Arctic Oil Company
Further to the announcement made on 23 August 2016, Urals Energy, the independent exploration and production company with operations in Russia, is pleased to confirm that the acquisition of the entire share capital of Arctic Oil Company Limited (“ANK”) from JSC ArcticMorNefteGazRazvedka (“AMNGR”) has completed. The consideration for this acquisition …
Urals Energy PCL: Operational Update
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to make the following announcements: Tanker loading The planned annual tanker shipment for export from Arcticneft on Kolguyev Island has been successfully completed. The tanker has left Kolguyev Island with 28,441 tons of crude oil …
Urals Energy: Receives Short Term $6m Loan from Petraco Ahead of Anticipated Tanker Shipment
The Board of Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that it has entered into a pre-export short term loan finance arrangement with Petraco Oil Company Limited (“Petraco”) under which Petraco will advance the sum of US$6.0 million to the …
Urals Energy: 2015 Production Up 2%, Company Looks for Good M&A Options
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide an operational update: Production data for 2015 Total production by the Group during 2015 increased by 2.0% and reached 675,318 barrels. This was made up as follows: · production at Arcticneft reached 253,592 …
Urals Energy: 2015 Production Up 2%, Company Looks for Good M&A Options
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide an operational update: Production data for 2015 Total production by the Group during 2015 increased by 2.0% and reached 675,318 barrels. This was made up as follows: · production at Arcticneft reached 253,592 …
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 …
Urals Energy: Petrosakh Well #54 Producing at 350 bbls/day, Arcticneft – Wells Shut in Due to Workover
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Petrosakh Further to the update announced on 2 October 2015, the Company announces that production testing at Well #54 at Petrosakh has been completed. The well is flowing at …