Urals Energy Public Company Limited, a Cyprus-based holding company admitted to trading on the London Stock Exchange’s Alternative Investment Market (AIM), is an independent oil company with its operating assets located in Russia. Urals Energy’s main exploration and production operations are in Timan Pechora and on Sakhalin Island.
According to DeGolyer & MacNaughton (D&M), the Company's independent reserves auditors, as at 31 December 2007 the company had 2P (proved and probable) reserves of 58.5 mmboe.
The company is currently producing approximately 2.4 kbopd from Petrosakh and Arcticneft with 70% and 100% of production being exported respectively.
The Company operates its Russian holdings and directs the management of their operations through its Moscow subsidiary, OOO Urals Energy (a Russian limited liability company). In addition, the Company maintains its head office in Nicosia, Cyprus.