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Investor Presentaiton

Anticipated Upcoming News Flow URALS ENERGY September 2006 • • . • Voivozh completion of acquisition Petrosakh well completion result Arcticneft spudding of first well Chepetskoye NGDU well completion result October 2006 • • • Petrosakh arrival of fraccing equipment. Dulisma arrival of mobile drilling rig Dinyu well completion result November 2006 • • • Petrosakh well completion result Arcticneft well completion result Dinyu well completion result. December 2006 • • Petrosakh initial fraccing results Arcticneft well completion result Dinyu well completion result Chepetskoye NGDU well completion result Remainder of 2006 9 development wells completed 2 well workovers ☐ 2 side-track wells ☐ 8 wells fracced ☐ 30% oil production increase Page 15
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