Urals Energy Public Company Limited Tanker shipment update (7466U)
16 July 2018 - 7:54PM
UK Regulatory
TIDMUEN
RNS Number : 7466U
Urals Energy Public Company Limited
16 July 2018
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR).
16 July 2018
Urals Energy Public Company Limited
("Urals Energy", the "Company" or the "Group")
Tanker shipment update
Urals Energy PCL (AIM:UEN), the independent exploration and
production company with operations in Russia, is pleased to
announce that the tanker shipment for export from the Company's
Arcticneft operations on Kolguyev Island has been successfully
completed. On 14 July 2018, the tanker left Murmansk, where the
shipment's gross volume has been confirmed as being 20,097 tons of
special light crude oil (an equivalent of approximately 158,191
barrels).
The Company will, in due course, confirm the gross price per
barrel for this tanker shipment. This pricing will based on the
arithmetic average of the quotations for Brent DTD published in
"Platts Crude Oil Marketwire" for the five trading days after the
date of the bill of lading. The date of the bill of lading is 12
July 2018.
The Company will also, in due course, confirm the net proceeds
from this shipment, after taking into account all duties and taxes,
transport costs, demurrage and similar charges.
Further announcements will be made as appropriate.
- Ends -
For further information, please contact:
Urals Energy Public Company Limited
Andrew Shrager, Chairman Tel: +7 495 795 0300
Leonid Dyachenko, Chief Executive
Officer
Sergey Uzornikov, Chief Financial www.uralsenergy.com
Officer
Allenby Capital Limited
Nominated Adviser and Broker
Nick Naylor / Alex Brearley Tel: +44 (0) 20 3328
5656
www.allenbycapital.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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