Drilling Commences at Urals' Petrosakh Field

Urals announced that Well #51 on the Petrosakh field, in Russia, has been successfully spudded.

As part of the Company's updated drilling strategy to capture the full potential of the Petrosakh field, Well #51 is a large diameter vertical well designed to maximize flow rates.

The Directors expect production to begin before the end of May and further announcements will be made at the appropriate time.