24th Jun 2014 11:54
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.
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For further information, please contact:
Urals Energy Public Company Limited | |
Alexei Maximov, Chief Executive Officer | Tel: +7 495 795 0300 |
Sergey Uzornikov, Chief Financial Officer | www.uralsenergy.com |
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 / Quincy Allan | Tel: +44 (0) 20 7398 7710 |
www.abchurch-group.com |
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