News Detail

United Energy Group Plc. / Miscellaneous

09.10.2009 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Re-Enacted Law for Energy Liberalisation in the Republic of Srpska an Important Milestone for UEG Energy Projects

Haslemere, United Kingdom - October 9, 2009 - The long-expected legal changes for the liberalisation of the energy market in the Republic of Srpska has just been ratified by the Par-liament. 'This clears the way for free-market commitments and private public partnerships in the region's energy sector,' commented Dr. Rolf Haferkamp, CEO of United Energy Group plc. 'It represents the long-expected, decisive milestone in our strategy in the Balkans.'

With the law for a liberalisation of the energy market in place, the Republic of Srpska has created the basis for the commitment by private investors and ensured a sustainable security of investment. Before the background of the supply shortage on the Balkans, assessed by the World Bank at about 7,000 MW through 2015, this marks an important and proper step toward an assured future supply throughout the entire region.

United Energy Group plc
United Energy Group plc is an independent listed energy company. Formed in 2006, the company focused initially on the area of energy production. During the past two years, UEG underwent substantial redevelopment, and operates now in the business areas of Energy Consulting, Energy Trading, and Energy Investments. The company has thereby responded to global market trends as it seeks to make a significant contribution to the energy supply sector, and to help meet the growing energy needs worldwide.

Assertions Regarding the Future 
This corporate news may contain certain assertions regarding the future that include statements, declarations of intent, strategies and opinions relating to the future and to the expectations of United Energy Group and its subsidiaries. Any assertion contained herein is based on information available on the respective day to the management of UEG; and actual events may vary depending on the occurrence of future events that may or may not be subject to the management's control, including risks and uncertainty factors that may cause the actual events to deviate considerably. Such risks and factors include, without being limited to, ramifications that acquisitions may have for the company and its capital structure, exploratory findings, market conditions, the stability of mineral oil and natural gas prices, the uncertainty factors inherent in the operative business of mineral oil and natural gas production, unexpected future investment requirements, competition, statutory provisions, and other factors.


Business Network Marketing- und Verlagsgesellschaft mbH Corinna Kaspar
Fasanenstraße 47
10719 Berlin, Germany
Tel.: +49 (0)30 - 81 46 46 00
Fax: +49 (0)30 - 81 46 46 0 - 46
Email: ir@unitedenergy.com




09.10.2009  Financial News transmitted by DGAP

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