Urals Energy Public Company Limited reported unaudited group earnings and production results for the six months ended June 30, 2017. For the period, the company reported net revenues after excise, export duties and VAT of $22,433,000 compared to $7,525,000 a year ago. Operating loss was $211,000 compared to an operating profit of $592,000 a year ago. Normalized management EBITDA was $3,433,000 compared to $2,226,000 a year ago. Loss for the period was $759,000 compared to profit for the period of $3,411,000 a year ago. Net debt was $12.3 million as on June 30, 2017. Net loss before income tax was $0.4 million against net profit before income tax of $3.3 million a year ago. The fluctuation in net profit before income tax was partly caused by exchange rate movements during both periods. Underlying net loss before income tax and foreign exchange effects was $0.9 million against underlying net profit before income tax and foreign exchange effects of $0.3 million a year ago.

For the six months, the company's production at Petrosakh of 202,058 bbls against 240,143 bbls a year ago. Production at Arcticneft was 131,140 bbls against 122,491 bbls a year ago. Current daily production at Arcticneft is 725 BOPD compared to 673 BOPD a year ago. Current daily production at Petrosakh is 1,116 BOPD compared with 1,319 BOPD a year ago. Total production 388,889 barrels against 362,634 barrels a year ago.