Source - RNS
RNS Number : 8795I
Urals Energy Public Company Limited
05 September 2016



5 September 2016



Urals Energy PCL


(''Urals Energy'' or the ''Company'')


Completion of acquisition



Further to the announcement made on 23 August 2016, Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to confirm that the acquisition of the entire share capital of Arctic Oil Company Limited ("ANK") from JSC ArcticMorNefteGazRazvedka ("AMNGR") has completed.  The consideration for this acquisition remains as disclosed in the Company's announcement of 23 August 2016.



- Ends -


For further information, please contact:


Urals Energy Public Company Limited    

Andrew Shrager, Chairman                                                  Tel: +7 495 795 0300

Leonid Dyachenko, Interim Chief Executive Officer   


Allenby Capital Limited

Nominated Adviser and Broker    

Nick Naylor                                                                            Tel: +44 (0) 20 3328 5656

Alex Brearley                                                               

This information is provided by RNS
The company news service from the London Stock Exchange