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Re Press Speculation

21 Jan 2009 15:29

RNS Number : 0303M

Urals Energy Public Company Limited

21 January 2009

Urals Energy Public Company Limited

('Urals Energy' or the 'Company')

Re Press Speculation

Urals Energy notes the recent press speculation regarding a possible revocation of its Dulisma licence.

During a recent routine inspection Rosprirodnadzor, Russia's environmental watchdog, has noted some minor licence infringements resulting in approx US$1000 fine and recommendations to address these issues. The Company is already in the process of instigating the necessary changes.

The Directors do not believe this matter will have a material effect on its Dulisma licence and the Company's ongoing restructuring intentions.

Enquiries:

Pelham PR
Evgeniy Chuikov		+44(0)20 3008 5506
Mark Antelme		+44(0)20 3178 6242

This information is provided by RNS

The company news service from the London Stock Exchange

END

SPCBUGDBUDDGGCB

Date		Source	Headline
18th Apr 2006	7:01 am	RNS	Eastern Siberian Acquisition
9th Mar 2006	8:51 am	RNS	Awarding of Restricted Stock
2nd Mar 2006	7:02 am	RNS	Drilling and Corporate Update
23rd Feb 2006	7:01 am	RNS	Adjustments to Results
2nd Feb 2006	7:00 am	RNS	Operations Update
16th Jan 2006	4:02 pm	RNS	EGM Results
21st Dec 2005	7:00 am	RNS	Financing Update
1st Dec 2005	7:02 am	RNS	Operational Update
15th Nov 2005	7:01 am	RNS	Corporate Update
7th Nov 2005	4:37 pm	RNS	Holding(s) in Company
3rd Nov 2005	7:01 am	RNS	Acquisition
21st Oct 2005	7:00 am	RNS	Drilling Report
23rd Sep 2005	7:01 am	RNS	Interim Results
23rd Sep 2005	7:01 am	RNS	Appointment of Director
11th Aug 2005	6:07 pm	RNS	Additional Listing
4th Aug 2005	7:30 am	RNS	Stabilisation Notice

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