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  4. Urals Energy Plc Share Regulatory News
  5. Tanker shipment update

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Tanker shipment update

20 Jul 2018 13:08

RNS Number : 3323V
Urals Energy Public Company Limited
20 July 2018
 

 

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

 

 

 

 

 

20 July 2018

Urals Energy Public Company Limited

 

("Urals Energy", the "Company" or the "Group")

 

Tanker shipment update

 

The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to provide the following operational update.

 

Tanker shipment update

The price per barrel for the tanker shipment announced on 16 July 2018 has now been confirmed as US$76.46 per barrel.

 

After taking into account all duties and taxes, transport costs, the net proceeds from the shipment are expected to be approximately US$8.4 million, representing a net back of US$53.44 per barrel. This represents an improvement of approximately US$16.46 per barrel, when compared with the net average receipts from the Company's two tanker export shipments in 2017.

 

The Board anticipates that the second 2018 tanker loading for Articneft will be in November 2018, with a target of up to 20,000 tons of special light crude oil (158,000 barrels).

 

- Ends -

 

For further information, please contact:

 

Urals Energy Public Company Limited

Andrew Shrager, Chairman

Leonid Dyachenko, Chief Executive Officer

Tel: +7 495 795 0300

Sergey Uzornikov, Chief Financial Officer

www.uralsenergy.com

 

 

 

 

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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