Russian News: January 3rd, 2008!

Securities Limited, which acted as the manager of the leading Russian independent oil company’s private share offering, has exercised its over-allotment option. Morgan Stanley purchased 1,643 shares, or nearly 5 percent of the offering. Urals Energy Plc placed 32,857m shares worth a total of GBR65.6m (USD132m) worth of shares on December 5, according to the