Urals Energy Public Company Limited Tanker shipment update (3323V)
20 Luglio 2018 - 2:08PM
UK Regulatory
TIDMUEN
RNS Number : 3323V
Urals Energy Public Company Limited
20 July 2018
Dissemination of a Regulatory Announcement that contains
inside information according to REGULATION (EU) No
596/2014 (MAR).
20 July 2018
Urals Energy Public Company Limited
("Urals Energy", the "Company" or the "Group")
Tanker shipment update
The Board of Urals Energy (AIM:UEN), the independent exploration
and production company with operations in Russia, is pleased to
provide the following operational update.
Tanker shipment update
The price per barrel for the tanker shipment announced on 16
July 2018 has now been confirmed as US$76.46 per barrel.
After taking into account all duties and taxes, transport costs,
the net proceeds from the shipment are expected to be approximately
US$8.4 million, representing a net back of US$53.44 per barrel.
This represents an improvement of approximately US$16.46 per
barrel, when compared with the net average receipts from the
Company's two tanker export shipments in 2017.
The Board anticipates that the second 2018 tanker loading for
Articneft will be in November 2018, with a target of up to 20,000
tons of special light crude oil (158,000 barrels).
- Ends -
For further information, please contact:
Urals Energy Public Company Limited
Andrew Shrager, Chairman Tel: +7 495 795 0300
Leonid Dyachenko, Chief Executive
Officer
Sergey Uzornikov, Chief Financial www.uralsenergy.com
Officer
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 news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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