Re: Ministry Statement
24 September 2007 - 11:11PM
UK Regulatory
RNS Number:3648E
Urals Energy Public Company Limited
24 September 2007
Urals Energy Public Company Limited
('Urals Energy' or the 'Company')
Re: Ministry of Natural Resources' Statement
Urals Energy, a leading independent exploration and production company with
operations in Russia, notes today's announcement from the Ministry of Natural
Resources (the "Ministry") regarding the Company's reserve estimates.
Urals Energy is pleased to receive confirmation from the Ministry that the
Company's GKZ registered reserves exceed the Company's current reserve estimates
as prepared by independent reserve engineers DeGolyer & MacNaughton.
The Ministry's conclusions underpin the Company's significant reserve estimates
and demonstrate that the Company is fully compliant with all Russian
regulations.
Leonid Dyachenko, Chief Executive, commented:
"We are pleased to receive this information which underpins our own significant
reserve base estimates and we look forward to continuing good relationship with
the Ministry of Natural Resources and all other regulatory bodies."
24 September 2007
Enquiries:
Pelham PR
James Henderson 020 7743 6673
Gavin Davis 020 7743 6677
Evgeniy Chuikov 020 3008 5506
This information is provided by RNS
The company news service from the London Stock Exchange
END
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