Urals Energy Public Company Limited Update on Petraco Loan and Petrosakh Well 54 (0711B)
02 Ottobre 2015 - 12:45PM
UK Regulatory
TIDMUEN
RNS Number : 0711B
Urals Energy Public Company Limited
02 October 2015
Press Release 2 October 2015
Urals Energy PCL
("Urals Energy" or the "Company")
Update on Petraco Loan and Petrosakh Well 54
Urals Energy PCL (AIM:UEN), the independent exploration and
production company with operations in Russia, is pleased to provide
the following updates.
Petraco Loan
Further to the Company's announcements on 29 May 2015 and 1
September 2015, the Company confirms that the loan provided by
Petraco Oil Company Limited including accrued interest has now been
settled in full.
Petrosakh Well 54
Further to the update on 25 September 2015, the Company
announces that production testing at Well 54 at Petrosakh has
commenced, which has demonstrated an initial flow rate. Additional
equipment is to be installed at the well over the coming weeks and
the Company expects to be in a position to provide a more
definitive indication of the well's expected production rate in due
course.
- Ends -
For further information, please contact:
Urals Energy Public Company
Limited
Andrew Shrager, Chairman Tel: +7 495 795
0300
Leonid Dyachenko, Interim www.uralsenergy.com
Chief Executive Officer
Allenby Capital Limited
Nominated Adviser and Broker
Nick Naylor Tel: +44 (0) 20
3328 5656
Alex Brearley www.allenbycapital.com
Media enquiries:
Abchurch
Quincy Allan Tel: +44 (0) 20
7398 7710
uralsenergy@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
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