14th Jan 2014 07:00
Press Release | 14 January 2014 |
Urals Energy PCL
(''Urals Energy'' or the ''Company'')
Petrosakh drilling update and Q&A
Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that the flow rate for Well #53 has been successfully established and remains stable at around 70 bbls per day.
At the same time, drilling of Well #112 is underway and has reached the depth of slightly more than 1000 meters.
The Company has also today published its responses to a number of shareholder questions and these can be viewed at http://www.uralsenergy.com/ir_shareholderQ&A.htm
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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 / Alex Price | Tel: +44 (0) 20 3328 5656 |
www.allenbycapital.com |
Media enquiries:
Abchurch | |
Henry Harrison-Topham / Quincy Allan | Tel: +44 (0) 20 7398 7715 |
www.abchurch-group.com |
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