Petraco debt restructuring


 

TIDMUEN 
 
RNS Number : 0233L 
Urals Energy Public Company Limited 
29 April 2010 
 

29 April 2010 
                      Urals Energy Public Company Limited 
                        ('Urals Energy' or the 'Company') 
                  Petraco debt restructuring - results of EGM 
 
Urals Energy, the AIM listed independent exploration and production company with 
operations in Russia, is pleased to announce that all of the resolutions put to 
shareholders at the Extraordinary General Meeting held earlier today have been 
passed. 
 
As a result the restructuring agreement between Urals Energy with Petraco Oil 
Company Limited (the "Restructuring Agreement") has become unconditional. 
 
Further details of the Restructuring Agreement are contained in the letter to 
shareholders dated 12 April 2010. 
 
Enquiries: 
+----------------------------------+--------------------------------+ 
|                                  |                                | 
| Allenby Capital Limited          | +44 (0)20 3328 5656            | 
+----------------------------------+--------------------------------+ 
| Nick Naylor                      |                                | 
| Alex Price                       |                                | 
+----------------------------------+--------------------------------+ 
|                                  |                                | 
+----------------------------------+--------------------------------+ 
| Pelham Bell Pottinger            | +44 (0)20 7337 1500            | 
+----------------------------------+--------------------------------+ 
| Mark Antelme                     |                                | 
+----------------------------------+--------------------------------+ 
| Evgeniy Chuikov                  |                                | 
+----------------------------------+--------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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