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.
- Urals Energy Expands Arcticneft License Area Boundaries (Oct 07)
- Urals Receives Payment for Tanker Shipment (Nov 26)
- Urals Energy Appoints Interim CEO (Nov 11)
Company: OOO Taas-Yuriakh Neftegazodobycha more info
- Urals Completes Purchase of Interest in Taas (Jan 24)
- Urals Acquires Interest in Taas (Dec 14)
- Urals Energy to Acquire Stake in East Siberia Operator (Nov 28)