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1 Apr 2011 11:47
1 April 2011
Urals Energy Public Company Limited
('Urals Energy' or the 'Company')
Drilling Update
Urals Energy, the independent exploration and production company with operations in Russia, today announces that Well #51 on the Petrosakh field has been successfully spudded.
As part of the Company's updated drilling strategy to capture the full potential of the Petrosakh field, Well #51 is a large diameter vertical well designed to maximise flow rates.
The Directors expect production to begin before the end of May and further announcements will be made at the appropriate time.
Enquiries:
Urals Energy Public Company Limited | +7 495 795 03 00 |
Alexei Maximov | |
Grigory Kazakov | |
Allenby Capital Limited |
+44 (0)20 3328 5656 |
Nick Naylor Alex Price | |
Pelham Bell Pottinger | +44 (0)20 7861 3232 |
Mark Antelme | |
Jenny Renton |
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