UEN Urals EN.

TIDMUEN

RNS Number : 6597X

Urals Energy Public Company Limited

01 September 2015

 
   1 September 2015 
 

Urals Energy PCL

("Urals Energy" or the "Company")

Completion of tanker loading

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Arcticneft on Kolguyev Island has been completed successfully. The tanker has left Kolguyev Island with 27,504 tons of crude (an equivalent of 217,282 barrels).

As announced on 29 May 2015, the Company entered into a secured short-term loan agreement with Petraco Oil Company Limited ("Petraco"). The re-payment date for the US$6.0 million received from Petraco under this agreement is linked to the shipment of this tanker. This indebtedness is anticipated to be settled in the coming few weeks.

- Ends -

For further information, please contact:

 
 Urals Energy Public Company 
  Limited 
 Andrew Shrager, Chairman          Tel: +7 495 795 
                                              0300 
 Leonid Dyachenko, Interim     www.uralsenergy.com 
  Chief Executive Officer 
 
 
 Allenby Capital Limited 
  Nominated Adviser and Broker 
 Nick Naylor                            Tel: +44 (0) 20 
                                              3328 5656 
 Alex Price                      www.allenbycapital.com 
 
 
 Media enquiries: 
  Abchurch 
 Quincy Allan/Viktoria Langley           Tel: +44 (0) 20 
                                               7398 7710 
 uralsenergy@abchurch-group.com   www.abchurch-group.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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