12th Jan 2015 14:00
| 12 January 2015 |
Urals Energy PCL
(''Urals Energy'' or the ''Company'')
Update in relation to Petrosak
Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces that on 9 January 2015 a fire occurred at its Petrosak refinery caused by an accident which occurred during recent adverse weather conditions.
No one was injured during the fire and the oil field operations were not affected. However, the refinery is currently closed pending repairs to control equipment. The Management of Petrosak is urgently seeking to source replacements for the damaged equipment, which was manufactured in the US, and to assess the time required to bring the plant back into operation. This incident will not be covered by the Company's insurance policies.
Further announcements will be made at the appropriate time.
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For further information, please contact:
Urals Energy Public Company Limited | |
Andrew Shrager, Chairman | Tel: +7 495 795 0300 |
Leonid Dyachenko, Interim Chief Executive 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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