Urals Energy Public Company Limited Update on Well #109 (6797E)
November 05 2015 - 4:30AM
UK Regulatory
TIDMUEN
RNS Number : 6797E
Urals Energy Public Company Limited
05 November 2015
Press Release 5 November 2015
Urals Energy PCL
("Urals Energy" or the "Company")
Update on Well #109
Urals Energy PCL (AIM:UEN), the independent exploration and
production company with operations in Russia, is pleased to
announce that it has spudded Well #109 as planned.
Well #109 is located on the Petrosakh license. Well #109 is
expected to be completed in Q1 2016, with the expected depth of the
well being approximately 1,800 metres. Further announcements
regarding Well #109's expected production rate will be made in due
course.
Andrew Shrager, Chairman of Urals Energy commented:
"Following the success at Well #54 last month, we are pleased to
be progressing the current drilling programme at Petrosakh as
planned. Well #109 is part of a wider drilling programme aimed at
optimising production from Petrosakh license, with a view to
developing Petrosakh's existing reserves."
- Ends -
For further information, please contact:
Urals Energy Public Company
Limited
Andrew Shrager, Chairman Tel: +7 495 795
0300
Leonid Dyachenko, Interim www.uralsenergy.com
Chief Executive Officer
Allenby Capital Limited
Nominated Adviser and Broker
Nick Naylor / Alex Brearley Tel: +44 (0) 20
3328 5656
www.allenbycapital.com
Media enquiries:
Abchurch
Philip Denis / Quincy Allan Tel: +44 (0) 20
7398 7710
quincy.allan@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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