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Press Speculation

3 Mar 2010 10:01

RNS Number : 0022I
Urals Energy Public Company Limited
03 March 2010
 



03 March, 2010

 

Urals Energy Public Company Limited

('Urals Energy' or the 'Company')

Press Speculation

 

Urals Energy, the AIM listed independent exploration and production company with operations in Russia, notes today's press comments in Russia suggesting the Company's subsidiary Petrosakh has committed to investments on its Pogranichniy Block, offshore Sakhalin.

 

The board of Urals wishes to notify shareholders that this comment is untrue and that the board is not currently planning such an investment. Urals Energy's strategy remains as set out in the Company's announcement dated 19 February 2010.

 

 

 

Enquiries:

 

Allenby Capital Limited

 

+44 (0)20 3328 5656

Nick Naylor

Jamie Boyd

Pelham Bell Pottinger

+44 (0)20 7337 1500

Mark Antelme

Evgeniy Chuikov

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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