TassOil
18 Nov 2014
Re: We have lift off!! probably close at 12p today like last time, so few shares in issue it can only go up from here
rapid ranger
18 Nov 2014
We have lift off!! Urals Energy Public Company Limited ADRA dismissed by 2nd Court of Appeal in Moscow RNS Number : 2508X Urals Energy Public Company Limited 18 November 2014 18 November 2014 Urals Energy PCL ("Urals Energy" or the "Company"
ADRA dismissed by 2(nd) Court of Appeal in Moscow The Board of Urals Energy (AIM: UEN), the independent exploration and production company with operations in Russia, announces that it has received notification from the Moscow Court of Cassation (the 2(nd) level appeal court in Moscow) that the Company has won its case concerning Urals Energy's appeal against the ruling of the 1(st) level appeal court in Moscow to grant Russian court jurisdiction in respect of the claim by UEN Cyprus Limited to recover the sum of US$41,652,000 from Urals Energy (the "ADRA". Further details of the ADRA have been announced previously, including on 23 July 2014. Urals Energy is also pleased to announce that it is in advanced discussions in relation to the withdrawal of all litigation between the Company and Mr. Viatcheslav Rovneiko and further announcements will be made at the appropriate time. - Ends -
