Urals Completes Purchase of Interest in Taas

Urals Energy, a leading independent exploration and production company with operations in Russia, announces that it has completed the planned acquisition from Finfund Limited of a further 3% interest in OOO Taas-Yuriakh Neftegazodobycha.

In accordance with the Acquisition Announcement, the price paid for the 3% interest comprised US$50 million in cash.

The Company now has a total interest of 35.3% in Taas and, as referred to in the Acquisition Announcement, retains an option to acquire a further 4.2% interest in Taas in January 2009.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Commercial Director - Terminals
Expertise: Business Development
Location: South Carolina, 
 
Senior Engineer New Rule Implementation
Expertise: Engineering Manager|Environmental Engineer
Location: Deer Park
 
Senior Legal Counsel - Houston, TX
Expertise: Legal
Location: Houston-EP Center Americas, United States, 
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours