Last 3.60 GBp
Change Today -0.025 / -0.69%
Volume 227.5K
As of 11:30 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

urals energy public co ltd (UEN) Snapshot

Open
3.63 GBp
Previous Close
3.63 GBp
Day High
3.63 GBp
Day Low
3.60 GBp
52 Week High
11/21/13 - 11.25 GBp
52 Week Low
09/19/14 - 3.60 GBp
Market Cap
9.1M
Average Volume 10 Days
126.9K
EPS TTM
-0.0001 GBp
Shares Outstanding
252.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for URALS ENERGY PUBLIC CO LTD (UEN)

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urals energy public co ltd (UEN) Details

Urals Energy Public Company Limited, together with its subsidiaries, engages in the oil and gas exploration and production in the Russian Federation. The company primarily holds interests in the Petrosakh and Arcticneft oil and gas producing fields located in Timan Pechora and on Sakhalin Island. It is also involved in the processing of crude oil for distribution in the Russian and international markets. The company was incorporated in 2003 and is headquartered in Nicosia, Cyprus.

Founded in 2003

urals energy public co ltd (UEN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

urals energy public co ltd (UEN) Key Developments

Moscow Arbitration Court Dismisses Claim of UEN Cyprus Limited from Urals Energy PCL

Urals Energy PCL announced that on July 21, 2014 the Moscow arbitration court dismissed the claim of UEN Cyprus Limited in respect of a case to recover the sum of $41,652,000 from Urals Energy (the 'Claim') on jurisdictional grounds. Further details of the claim by UEN Cyprus Limited appear in the announcements made on October 23, 2013 and November 21, 2013. Whilst the Company is pleased with the preliminary decision of the Moscow arbitration court, it has not yet received the final judgement from the court. In addition, given that the Claim was dismissed on jurisdictional grounds, it being between two Cypriot companies, the Board anticipates that it is likely that an appeal will be made and also that a new claim will be launched in Cyprus. Urals Energy reiterates that it does not believe that the copy of a purported debt repayment agreement received by the Company to be a genuine document, and therefore does not accept that the Company could be bound by its terms. The Board will continue to pursue all appropriate actions necessary to defend the Company, including possible legal action in all applicable jurisdictions. Further announcements on this ongoing process will be made when appropriate.

Urals Energy Public Company Limited Reports Consolidated Earnings and Production Results for the Year Ended December 31, 2013

Urals Energy Public Company Limited reported consolidated earnings and production results for the year ended December 31, 2013. For the period, the company reported revenues after excise taxes and export duties and VAT of $50,267,000 against $49,884,000 for the same period in the last year. Operating profit was $2,787,000 against $126,000 for the same period in the last year. Normalized management EBITDA (unaudited) was $10,501,000 against $7,722,000 for the same period in the last year. Loss for the year was $273,000 against $2,621,000 for the same period in the last year. In 2013, total gross revenues decreased by $0.1 million as a result of decrease in sales volume offsetted by higher average net back prices for petroleum (refined) products of $71.94 per barrel and higher crude oil (domestic sales) net back price of $59.62 per barrel. For the period, the company produced petrosakh of 470,415 bbls against 487,810 bbls for the same period in the last year and arcticneft of 250,426 bbls against 250,394 bbls for the same period in the last year.

Urals Energy PCL Announces Drilling Update in Relation to Well #112

Urals Energy PCL announced a drilling update in relation to well #112. As announced on January 14, 2014, drilling on well #112 had reached a depth of slightly over 1,000 metres. Drilling subsequently continued but has been halted following a number of problems encountered in the drilling process and unacceptable results. The company is currently evaluating its options in relation to well #112 and further announcements will be made at the appropriate time.

 

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