UEN Urals EN.

RNS No 5645d
UNITED ENERGY PLC
13 April 1999


United Energy plc, the oil and gas company, announces that its wholly owned
subsidiary AmBrit Energy Corp. ("AmBrit") has entered into a conditional
agreement with Castle Energy Corporation ("Castle") of Radnor Pennsylvania,
USA whereby Castle will acquire  all of AmBrit's oil and gas properties for a
cash consideration of US$22 million with an effective date of 1 January 1999. 
The proved reserves attributable to these properties amount to 4.55 million
barrels of oil equivalent with an appraised value of US$24.5 million based on
1998 average oil & gas prices. The transaction is subject to shareholder
approval and completion is scheduled for 31 May 1999.

The proceeds of the sale will be used to pay down bank debt of US$14.7 million
and cover office closure costs with the remainder being repatriated to the UK.
Following completion of the sale United Energy will have liquid assets
equating to approximately 10p per share.

The Directors are actively seeking another business opportunity outside the
oil and gas sector in which to invest the proceeds. 

Contact:  Nick Tamblyn, Chief Executive - 01242 253773
          Derek Howard-Orchard, Group Technical Director - 01242 253773

END

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