Urals Energy Public Company Limited Drilling Update (3945K)
24 Giugno 2014 - 12:54PM
UK Regulatory
TIDMUEN
RNS Number : 3945K
Urals Energy Public Company Limited
24 June 2014
Press Release 24 June 2014
Urals Energy PCL
("Urals Energy" or the "Company")
Drilling update
Urals Energy PCL (AIM:UEN), the independent exploration and
production company with operations in Russia, announces a drilling
update in relation to well #112.
As announced on 14 January 2014, drilling on well #112 had
reached a depth of slightly over 1,000 metres. Drilling
subsequently continued but has been halted following a number of
problems encountered in the drilling process and unacceptable
results. Urals is currently evaluating its options in relation to
well #112 and further announcements will be made at the appropriate
time.
- 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 Tel: +44 (0) 20
3328 5656
Alex Price www.allenbycapital.com
Media enquiries:
Abchurch
Henry Harrison-Topham / Tel: +44 (0) 20
Quincy Allan 7398 7710
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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