Update re Disposal and Financing Arrangements
21 Enero 2009 - 1:00AM
UK Regulatory
TIDMUEN
RNS Number : 9693L
Urals Energy Public Company Limited
21 January 2009
Urals Energy Public Company Limited
('Urals Energy' or the 'Company')
Update re Disposal and Financing Arrangements
As previously announced, Urals Energy is finalising details of the arrangements
for the disposal of its shares in ZAO Dulisma and Taas Yuriakh to Sberbank or an
affiliate, in discharge of its loan obligations to Sberbank.
Also the Company has agreed a short term working capital facility (the
"Facility") with a third party required for the Company to maintain production
at Arcticneft and Petrosakh and meet some other financial obligations. The
Facility is conditional upon approval of the disposal arrangements at the
Company's EGM scheduled for 10am on 26 January 2009.
Further announcements will be made in due course.
21 January 2009
Enquiries:
+-------------------------+---------+---------------------------------------+
| Pelham PR | | |
+-------------------------+---------+---------------------------------------+
| Evgeniy Chuikov | | +44(0)20 3008 5506 |
+-------------------------+---------+---------------------------------------+
| Mark Antelme | | +44(0)20 3178 6242 |
+-------------------------+---------+---------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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