TIDMUEN

RNS Number : 5559X

Urals Energy Public Company Limited

14 January 2014

 
 Press Release   14 January 2014

Urals Energy PCL

("Urals Energy" or the "Company")

Petrosakh drilling update and Q&A

Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that the flow rate for Well #53 has been successfully established and remains stable at around 70 bbls per day.

At the same time, drilling of Well #112 is underway and has reached the depth of slightly more than 1000 meters.

The Company has also today published its responses to a number of shareholder questions and these can be viewed at http://www.uralsenergy.com/ir_shareholderQ&A.htm

- Ends -

For further information, please contact:

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

Media enquiries:

 
 Abchurch 
 Henry Harrison-Topham /                  Tel: +44 (0) 20 
  Quincy Allan                                  7398 7715 
 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

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