Urals Energy's shares storm despite weather disrupting Pacific project

Urals Energy saw its shares jump over 10% on Tuesday despite experiencing delays in the completion of its first well at the South Dagi programme. The AIM-traded Russian-focused exploration and production company's project on Sakhalin Island in the north Pacific Ocean has seen problems with bad weather and the mobilisation and operational set-up of a newly acquired rig which is meant to be drilling four wells at the site. As such, the company predicts that the first well will now not be completed ...

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