1 Sep 2015 10:00
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.
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For further information, please contact:
Urals Energy Public Company Limited | |
Andrew Shrager, Chairman | Tel: +7 495 795 0300 |
Leonid Dyachenko, Interim Chief Executive Officer | www.uralsenergy.com |
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 |