21st Jan 2009 15:29
21 January 2009
Urals Energy Public Company Limited
('Urals Energy' or the 'Company')
Re Press Speculation
Urals Energy notes the recent press speculation regarding a possible revocation of its Dulisma licence.
During a recent routine inspection Rosprirodnadzor, Russia's environmental watchdog, has noted some minor licence infringements resulting in approx US$1000 fine and recommendations to address these issues. The Company is already in the process of instigating the necessary changes.
The Directors do not believe this matter will have a material effect on its Dulisma licence and the Company's ongoing restructuring intentions.
Enquiries:
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Pelham PR |
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Evgeniy Chuikov |
+44(0)20 3008 5506 |
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Mark Antelme |
+44(0)20 3178 6242 |
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