2 Oct 2008 13:00
Urals Energy Public Company Limited
('Urals Energy' or the 'Company')
2 October, 2008
Statement Regarding Taas Yuriakh
The Board of Urals Energy notes recent press speculation regarding Taas Yuriakh ('Taas'), one of the Company's strategic assets in East Siberia. The Company currently owns a 35.3 per cent stake in Taas.
The Company confirms that it is currently considering different options for the efficient development of this important asset, including the possibility of joint venture arrangements, but no agreement has been reached with any company and there can be no assurance that any such agreement will be reached.
Further announcements regarding the Company's strategic plans will be made, if appropriate.
Enquiries:
| Pelham PR | ||
| Mark Antelme Evgeniy Chuikov | +44(0)20 3178 6242 / +44(0)752 5951 011 +44(0)20 3008 5506 / +44(0)7894 608 606 |
Urals Energy Plc (UEN)