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
Regional Manager - Saybolt
Expertise: Business Development|Operations Management|Surveying
Location: Linden, NJ
 
Business Development Representative - Saybolt
Expertise: Business Development|Sales
Location: New Orleans, LA
 
Associate Security Analyst Job
Expertise: HR - General|PR / Corporate Communications|Security
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $56.58/BBL 1.32%
Light Crude Oil : $54.45/BBL 1.60%
Natural Gas : $2.62/MMBtu 1.15%
Updated in last 24 hours