CASPIAN - 2005 Year of Growth - Serious Discussion Thread

A similar Scenario with CSH?? The only difference is Urals are at 260p.

Shares in oil explorer Urals Energy rallied 5p to 260p after the company announced the completion of its second development well in Russia and details of next month's offshore exploration drilling programme. Ural's Russian subsidiary, Petrosakh, was said to be currently producing 2,800 barrels of oil equivalent per day from 16 wells in the Okruzhnoye Field at Sakhalin Island, with a 14 well development drilling programme targeting increased production of around 5,800 barrels of oil equivalent per day. The firm confirmed that the second well, Well 44, had now been completed and was producing at a stabilised rate of approximately 660 barrels of oil equivalent per day on a 13 millimetre choke with 4% water cut.