The Board of Urals Energy Public Company Limited provided the operational update. The Group's drilling team has spudded Well 130, which is located on the main Petrosakh licence area on the Eastern coast of Sakhalin Island. The target depth is 1,680 meters and it is expected that this depth will be achieved in up to eight weeks. The Group is targeting the Pilenga horizon, the principal oil bearing horizon of the Okruzhnoe field.