UEN Urals EN.

TIDMUEN

RNS Number : 7323S

Urals Energy Public Company Limited

12 November 2013

 
 Press Release   12 November 2013 
 

Urals Energy PCL

("Urals Energy" or the "Company")

Completion of tanker loading

Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Articneft on Kolguyev Island has been completed successfully. The tanker left Kolguyev Island on Saturday 9 November 2013 with 25,008 tons of crude (an equivalent of 198,537 barrels).

As previously announced the payment date for the remaining interest payment outstanding to Petraco Oil Company Limited, which totals approximately US$3.0 million, together with US$5.7 million repayable under the short term loan received from Petraco earlier this year is linked to the shipment of this tanker. This remaining indebtedness is anticipated to be settled before the end of 2013 at which point the Company will be entirely debt free.

- Ends -

For further information, please contact:

 
 Urals Energy Public Company Limited 
 Alexei Maximov, Chief Executive       Tel: +7 495 795 0300 
  Officer 
 Sergey Uzornikov, Chief Financial      www.uralsenergy.com 
  Officer 
 
 
 Allenby Capital Limited 
  Nominated Adviser and Broker 
 Nick Naylor                       Tel: +44 (0) 20 3328 
                                                   5656 
 Alex Price                      www.allenbycapital.com 
 

Media enquiries:

 
 Abchurch 
 Henry Harrison-Topham / Quincy Allan     Tel: +44 (0) 20 7398 
                                                          7702 
 quincy.allan@abchurch-group.com        www.abchurch-group.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFVELVLLLIV

Grafico Azioni Urals Energy (LSE:UEN)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Urals Energy (LSE:UEN)
Storico
Da Lug 2023 a Lug 2024