Urals Energy oil subsidiary inexplicably buys unseaworthy passenger ship
17th Dec 2018 13:54
(Sharecast News) - Exploration and production outfit Urals Energy has been made aware of an irregular transaction made by one of its oil subsidiaries.
Read moreUrals' working capital 'significantly constrained' following unauthorised loan
15th Oct 2018 09:13
(Sharecast News) - Russia-focussed exploration and production firm Urals Energy told investors on Monday that an unauthorised loan and asset sale had led to a combined working capital deficit of roughly $1.6m.
Read moreUrals Energy flags delay at South Dagi
27th Sep 2018 14:45
(Sharecast News) - Independent exploration and production company Urals Energy updated the marker on its drilling activities at South Dagi on Thursday, reporting that, further to its announcement on 10 September, it viewed the initial results of the analysis of core samples taken from its first exploratory well as being "promising".
Read moreUrals Energy makes decent operational progress
6th Aug 2018 15:06
(Sharecast News) - Independent exploration and production company Urals Energy updated the market on its recent operations on Monday, reporting that the drilling of ots planned exploration well, 'well 1', at the South Dagi field on Sakhalin Island had reached a depth of approximately 1,400 meters.
Read moreUrals Energy knows no reason for recent share price rise
6th Feb 2017 14:28
(ShareCast News) - AIM-listed oil and gas exploration company Urals Energy said on Monday that it knows no reason for the recent jump in the share price. Urals said it continues to progress its operational and drilling programmes, as indicated in its announcement on 18 January, but no new material d
Read moreUrals Energy makes changes to Kamchatcomagroprombank financing
28th Dec 2016 11:55
(ShareCast News) - Russia-focused independent exploration and production company Urals Energy announced on Wednesday that, further to its announcement on 23 August, the loan provided by Kamchatcomagroprombank (KKAPB) for the acquisition of Arctic Oil Company has now been repaid in full. The AIM-trad
Read moreUrals Energy to buy ANK
23rd Aug 2016 15:47
(ShareCast News) - AIM-listed exploration and production company Urals Energy has agreed to purchase Arctic Oil Company (ANK) from AMNGR, which is a subsidiary of Russian state-owned oil company JSC Zarubezhneft. ANK's sole asset is the central part of the Peschanoozerskoe oil field on Kolguyev Isla
Read moreUrals Energy FY losses narrow but revenue falls
28th Jun 2016 12:54
(ShareCast News) - Full-year revenues at oil company Urals Energy fell despite an increase in production as volatility in oil prices and foreign exchange markets took their toll. Urals Energy, which has operations in Russia, said gross profit after excise, export duties and value added tax (VAT) fel
Read moreInland Homes founder pockets £1m in share sale
20th Nov 2015 16:06
(ShareCast News) - The man at the top of Inland Homes cashed in on some of the company today, pocketing a cool £1m in the process. Stephen Wicks, who co-founded the development firm in 2005, sold 1.5m shares at 67.37p a piece. He has held on to 14.7m shares, though, representing a 7.27% stake in th
Read moreUrals Energy shares plummet as losses widen on rouble, FX volatility
19th Jun 2015 15:03
Shares in Urals Energy tanked on Friday after the Russia-focused oil group reported a substantial widening of losses on the back of a massive $17.7m hit from adverse currency movements. The company said pre-tax losses increased to $16.1m in 2014 compared with $0.4m in 2013. Urals' interim chief exe
Read moreUrals Energy shares rise after loan repayment
26th Nov 2014 12:18
Urals Energy said it repaid the short-term loan it was provided by Petraco Oil and it is now debt free. The energy firm added it had received a payment for its recent tanker shipment to the oil company, which was then used to pay off the $3.9m loan it had received in June. "We are pleased to be abl
Read moreUrals Energy sets out case against takeover proposals
2nd Jan 2014 08:14
The board of Urals Energy has dismissed the takeover aspirations of one of its major shareholders in a passionate letter to shareholders citing dirty tactics and a lack of strategy. Major shareholders Alpcot Capital and Fire East Corporation, which the board believe is connected to Russian business
Read moreUrals Energy bounces as rival takeover bid emerges
14th Oct 2013 13:48
Russian oil explorer Urals Energy has received a cash bid from an unnamed investor that could thwart the takeover aspirations of a rival pair of shareholders. AIM-listed Urals was requisitioned 10 days ago by shareholders Alpcot Capital Management and Fire East Corporation, who together hold just
Read moreUrals Energy jumps on seismic news of Sberbank stake
26th Jul 2013 12:17
Oil junior Urals Energy has completed a seismic survey at its Arctic Sea project as Russia's largest bank took a major stake in the company. The Aim-listed company, which owns exploration and production operations in Northern and Eastern Russia, said it expected to be able to report results of its
Read moreUrals Energy voices 'renewed optimism' in corporate development
7th Feb 2013 09:31
Urals Energy Chairman Andrew Shrager on Thursday said the company has entered the year with 'renewed optimism' after resolving its legacy issues. The Russian exploration and production company paid off a majority of its loan from Petraco Oil Company, leaving $3.0m in interest outstanding. The fin
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