Urals Energy: ArticNeft – Workover Increases Production By 30%
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide an operations update: ArticNeft The workover programme continues with well #546 showing a 30% increase in flow rate to 79 bbl/d. Wells #547 and #548 have been closed down temporarily to allow for …
Urals Energy: Successfully Settles Outstanding Debt Claim
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that the Company has now signed a comprehensive settlement agreement with Mr V Rovneiko, a former Director of the Company, on all outstanding litigation and pending or threatened disputes, following the discussions announced …
Urals Energy: Petrosak Refinery Fire – None Injured, Oilfield Operations Unaffected
Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that on 9 January 2015 a fire occurred at its Petrosak refinery caused by an accident which occurred during recent adverse weather conditions. No one was injured during the fire and the oil field operations were …
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 …
Urals Energy: Inga Srenger Steps Down to Focus on Petraco Oil Company Role
Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that Mrs Inga Srenger has notified the Board of Urals Energy (the “Board“) of her decision to resign from the Board with immediate effect. Mrs Srenger has informed the Board that her decision is due to …
Urals Energy: Receives Tanker Cash, Pays Petraco and is Now Debt Free
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce that it has received the payment from Petraco Oil Company Limited following its recent tanker shipment. Following receipt of the Tanker Payment, Urals Energy has also repaid $3.9 million plus interest …
Urals Energy: Wins Appeal on $41.6m Debt Claim by UEN Cyprus
The Board of Urals Energy, the independent exploration and production company with operations in Russia, announces that it has received notification from the Moscow Court of Cassation (the 2nd level appeal court in Moscow) that the Company has won its case concerning Urals Energy’s appeal against the ruling of the …
Urals Energy: Appoint Sergey Uzornikov As Interim CEO
The Board of Urals Energy, the independent exploration and production company with operations in Russia, announces that Sergey Uzornikov, the Group’s Chief Financial Officer, has been appointed as interim Chief Executive Officer. Mr Uzornikov will not be appointed as a Board Director of Urals Energy. The Board has commenced its …
Urals Energy: Falling Rouble and Oil Prices Dampen Netback from Latest Tanker Shipment
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Arcticneft on Kolguyev Island has been completed successfully. The tanker left Kolguyev Island on 23 October 2014 with 26,093 tons of crude (an equivalent …
Urals Energy Public Company Limited: Publication of Reserves Report
Urals Energy (AIM: UEN), the independent exploration and production company with operations in Russia, is pleased to announce the results of its recent reserves report prepared as at 1 January 2014 by Miller and Lents, Ltd. (“Miller and Lents”) in relation to its in Petrosakh and Arcticneft. A summary …