Urals Energy Public Company Limited Stmnt re Share Price Movement (1345W)
06 Febbraio 2017 - 2:33PM
UK Regulatory
TIDMUEN
RNS Number : 1345W
Urals Energy Public Company Limited
06 February 2017
6 February 2017
Urals Energy Public Company Limited
("Urals Energy", the "Company" or the "Group")
Statement re share price movement
The board of Urals Energy PCL (AIM: UEN), the independent oil
and gas exploration and production company with operations in
Russia, has noted the recent rise in the Company's share price and
confirms that it knows of no reason for this price movement. The
Company continues to progress its operational and drilling
programmes, as indicated in the Company's announcement of 18
January 2017, but no new material developments have occurred.
The board notes the general strength in oil prices since earlier
in the year. In addition, the board believes that there has
recently been some improvement in market sentiment towards
companies with operations in Russia.
The Company will make further announcements as and when
appropriate.
- Ends -
For further information, please contact:
Urals Energy Public Company
Limited
Andrew Shrager, Chairman Tel: +7 495 795
Leonid Dyachenko, Chief 0300
Executive Officer
Sergey Uzornikov, Chief
Financial Officer
www.uralsenergy.com
Allenby Capital Limited
Nominated Adviser and Broker
Nick Naylor / Alex Brearley Tel: +44 (0) 20
3328 5656
www.allenbycapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 06, 2017 08:33 ET (13:33 GMT)
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