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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rialto Eng | LSE:RIA | London | Ordinary Share | AU000000RIA0 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.725 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1.725 | GBX |
Rialto Eng (RIA) Share Charts1 Year Rialto Eng Chart |
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1 Month Rialto Eng Chart |
Intraday Rialto Eng Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/12/2013 | 09:12 | Rialto Energy Ltd | 1,574 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 26/11/2013 17:15 by treacle32 Still need proper broker write-up and on reserves too. Nonetheless found these today on the ASX perspective....Rialto Energy Ltd RIA:ASX Consensus recommendation As of Nov 23, 2013, the consensus forecast amongst 3 polled investment analysts covering Rialto Energy Limited advises that the company will outperform the market. Latest recommendation Outperform 3 Share price forecast The 3 analysts offering 12 month price targets for Rialto Energy Limited have a median target of 13.00, with a high estimate of 25.00 and a low estimate of 6.00. The median estimate represents a 242.11% increase from the last price of 3.80. |
Posted at 19/11/2013 08:00 by treacle32 19 November 201319 November 2013 ASX Code and AIM Code: RIA Rialto Energy Ltd ("Rialto" or the "Company") Appointment of Chief Financial Officer Rialto Energy (ASX/AIM: RIA) are delighted to announce that Andrew Rose, currently Interim Chief Financial Officer, has been appointed Chief Financial Officer of Rialto Energy. Andrew's appointment will be effective 1 December 2013, and is subject to passing of the resolutions concerning adoption of the new Performance Rights Share Plans (Resolutions 6 & 7) and the issue of Performance Rights to Directors of the Company (Resolutions 8 to 12), as set out in the notice of Annual General Meeting and accompanying Explanatory Statement, being passed at the Annual General Meeting of the Company to be held in Perth on 22 November 2013. Mr. Rose has extensive experience in the Oil & Gas industry having been CFO of both private and public E&P companies and prior to that enjoyed a successful career in Investment Banking. Andrew was previously CFO of AIM listed, MENA focussed, Gulfsands Petroleum. Prior to his role at Gulfsands, which he held for four years, Andrew was CFO of LSE listed Burren Energy from 2001 until 2008. During his time at Burren, Andrew was instrumental in the flotation (in 2003, at an implied valuation of around GBP175 million), the significant growth (which included the acquisition of assets in West Africa), through to Burren's eventual acquisition by Eni for GBP1.73 billion in 2008. Prior to joining Burren Energy, Mr. Rose spent over 20 years as an investment banker in London including being Co-Head of Corporate Finance for Emerging Europe, Middle East & Africa at Société Générale, as well as roles with ING Barings and JP Morgan. Mr. Rose graduated from Cambridge University with a Bachelor of Engineering. Mr Andrew Benedict Rose (aged 56), in the previous 5 years has been a director of Gulfsands Petroleum plc. Mr. Rose is beneficially interested in 6,415,977 ordinary shares in the Company. Mr. Rose's compensation package as approved by the Board will be 16,252,947 rights vesting in a manner consistent with the Performance Rights Plan put forth to the AGM on 22 November, 2013. We expect Mr. Rose to be nominated to the Board following his effective appointment. |
Posted at 16/11/2013 08:03 by minho WHY are directors buying in such large quantities ? Not to spike the share price up for the moment,that is for sure on this one. SO why ? The licence areas are prolific and VITOL are in with Rialto for good reason. When the gas flows to the plant ashore ---- BINGO ---- PROFIT. PLUS the oil to come as well. BUT there is some thing else ? VITOL could be in mind to BUY OUT RIALTO ? RIGHT?. Not now but in the future,when the share price is higher, at production time of GAS flowing to plant etc. The licence in this area is worth a BOMB. When the oil flows---- BINGO---- MORE---- profit. More to follow later. |
Posted at 14/11/2013 10:19 by gwr7 I'm not saying Rialto won't delist in order to save costs Treacle, but I'm sure there will be a mechanism to allow Australians to keep holding if they want to so do not see delisting as an issue that should be pushing down the price now. Forcing Australian investors to sell now would be stupid imo.Boz, Vitol don't own 65% of Rialto PLC. They have 65% of Rialto CDI which is a separate limited company. Rialto PLC have the other 35% of Rialto CDI. My hope is that Rialto PLC retains the recoverable costs but I think not. If Rialto have given away 65% of recoverable costs it seems to me they effectively paid Vitol about $70m to take 65% of their interest in the block. That would surely be the worst farmout in history. |
Posted at 11/11/2013 19:23 by nesty1760 Recently there has been some big gains in certain shares recently TLDH, MARL, GGP MEN, etc. All 25% in a day. It reminds me of 2009 again when if you in the right share big gains to be had.Though what happens nobody starts thinking long anymore. Into a share, wait a week if it doesn't move or the news isn't fully expected (even though it might be good). Then sell up and chase the next riser. To a extent it has happened here. All looks good for the medium to long; a lot of good news to be expected and changes to drive the share price forward. Though, TBH I feel a lot of people where in here for short term, expecting say 5p by the end of November. Now doesn't look like that will happen & other news such as broker target, or the Vitol deal wasn't as they thought as slightly ambiguous to the word loan; they sell and move on to chase the next riser, thus dragging down the RIA price. I think to fully review what is happening with RIA you have to assess at the end of the year. By then I feel the share price will be higher and then people be wishing they held and purchased more at these low prices. Though each to their own. A lot of large money has been placed in here and they must see some worth as do many pi's. DYOR |
Posted at 11/11/2013 09:42 by minho NOW come on Treacle you know we all rely on you for fast up to date imfo on RIA. There have been excellent posts on this thread which are related to the facts of this company. RIA was on its knees, we all know that. Nothing much has changed yet apart from the share price going up. Now the deal has been done with VITOL etc we can expect some positive news to come . Vitol are vital to RIA going forward, we all know that also. RIA has its back up against the wall , so VITOL will use that to their advantage, as all of us that are in business will know. We dont need to know about trades, just the facts please, young man. |
Posted at 07/11/2013 23:18 by treacle32 Rialto Energy inks $50 million deal with Vitol for Gazelle oilfield, Cote d'IvoireFriday, November 08, 2013 by Proactive Investors Rialto Energy (ASX: RIA, AIM: RIA) will trade firmer after completing a $50 million oil field development transaction with Vitol E&P and signed a new production sharing contract (PSC) for Block CI-202, offshore Cote d'Ivoire. The new PSC fulfils the major condition precedent to completion of the Vitol transaction announced in April, satisfies all remaining liabilities under the previous PSC, and has allowed negotiations to continue with the state-owned electricity company CI-Energies regarding a gas sales agreement. Rialto subsequently completed the transaction for Vitol to acquire 65% of the shares in Rialto CdI in exchange for Vitol funding the first US$50 million of the Gazelle oilfield development program, excluding exploration commitments. Following completion of the transaction, Rialto CdI will hold an 87% participating interest in the new Block CI-202 PSC and a 71% participating interest in Gazelle venture, on the assumption that state owned oil and gas company PETROCI exercises its back-in rights. The transaction formalises the partnership with Vitol, a company with substantial financial and technical capability, existing assets in Rialto's area of operations and a proven track record of monetising upstream assets in West Africa. |
Posted at 10/10/2013 13:54 by treacle32 October 09, 2013Conference Report 2: Rialto Energy Delivers Bracing Account Of Recent Challenges As It Looks To The Future While Petroceltic International Discusses Sonatrach's Pre-emption In Algeria And The Opportunities Across Its Expanded Portfolio By Amy McLellan Oilbarrel.com's 61st conference was our first event to be held on a Monday and it seemed the early start to the week didn't deter delegates, with the event one of the busiest of the year to date. After the coffee break, numbers rose as more delegates arrived to be sure to see the much-anticipated presentation from Tom Hickey, CFO of Petroceltic International, a favourite with oilbarrel.com regulars. There was an audible buzz when it became clear the Petroceltic team, flying in from Dublin, had been delayed and Rob Shepherd, new CEO of Rialto Energy, filled the spot while Hickey dashed across London. Shepherd had an unenviable task: a packed conference room full of knowledgeable investors and a stock that has, in his words, been a "dog's breakfast" since its 2012 debut on AIM. "I know you've come to see Tom and won't be offended if you leave, especially if you've followed the company over the last 18 months," said Shepherd, who was persuaded to join Rialto as interim CEO following his stint as CFO at Dominion Petroleum. Dominion, of course, was sold to London-listed Ophir Energy in October 2011, a decision driven by the funding challenges facing junior explorers although Shepherd said the test of that decision will come when Ophir next year drills the four prospects on Block 7 offshore Tanzania a deepwater project that was beyond the scope of Dominion's financing capabilities but could have proved transformational. As Shepherd points out, wildcatting is a high risk gamble as evidenced by Rialto's participation in the disappointing Starfish well offshore Ghana earlier this year. This was always a long shot and explorers will always drill more dry holes than they do discoveries. The problem at Rialto, which is dual listed on the ASX, has been that its supposedly low risk development wells on Block CI-202 offshore Cote d'Ivoire also proved disappointing. "One of the things I liked about Rialto was that it was more a development portfolio," said Shepherd. Yet as Rialto investors will be only too aware, the development in question, the Gazelle gas field, swiftly ran into problems, leading to the collapse of the share price and a massive funding gap. As Shepherd says, it's hard to argue with the analysis that Rialto had a "bad strategy, poorly executed". The former Dominion and Shell executive got involved in October 2012, a decision he describes as "naive". "I wasn't looking for a small illiquid company with issues." Since Shepherd's arrival at the troubled small cap, there has been a clear sweep at the top, G&A has been slashed, the dual listing is being reviewed, Vitol has been introduced as partner, A$14 million raised over the summer with the backing of key shareholders, and the company has dealt with the painful issue of the overhanging rig contract, which led to a US$11 million termination fee for a rig that did nothing. "From a glass half full perspective, it saved us US$6 million on the minimum contract value," said Shepherd, but it was clear to delegates this had been a bitter draught to drink. Shepherd said he only felt brave enough to present at oilbarrel.com after last month's MoU that paves the way for the renegotiation of the PSC for Block CI-202 and the conclusion of the critical Vitol farm-out. Shepherd was full of praise for the Cote d'Ivoire authorities, who had previously expected Gazelle to be onstream by now, for the "extremely constructive" discussions that will allow this potentially strategic gas monetisation project to move forward. This is still a company in the very early stages of recovery and Shepherd said the proof of his success will be the delivery of the new PSC and the Gazelle development. The company is taking a conservative approach, going for a low cost, phased development targeting the initial development of 40 BCF of 1P reserves and 80 BCF of 2P reserves. It will take 14-18 months from the final investment decision to reach first gas, which it is targeting for mid-2015 at a development cost of US$120-130 million. Although gas pricing is confidential, Shepherd said the sales contract would deliver a 15 per cent IRR on a P90 conservative case and would be "well north of US$1 per MCF": he pointed out that an existing gas producer in Cote d'Ivoire gets US$5 per MCF. He also highlighted that Gazelle is only the beginning: "Vitol hasn't come in for a 40 BCF development". There are existing discoveries and shut-in fields on the block as well as other contingent resources in the immediate vicinity plus some exciting exploration upside but that's for the future. "With the restructuring of the PSC we will have three years to drill our first exploration well compared to five months to drill two, which was the situation when I joined the company," he noted. This was an honest and bracing account of Rialto's recent history and the steps taken to put the small cap into turnaround. There was warm applause after Shepherd's performance and it's fair to say delegates will be keen to see his return to oilbarrel.com developments. [...] |
Posted at 05/10/2013 14:29 by nesty1760 I think by the end of the month I am hoping we will be a lot higher.The big buys on a daily basis in the week were very encouraging. If that was a Pi, it's a pi with a lot of cash! Seemed like someone taking advantage of the low price below the radar, knowing in the too distant future the share price will be a lot higher. I see RIA a perfect recovery share. Invest now ready for take off and in time (whenever that be a few weeks or months, or next year), then you are already to reap the rewards. However, I think what putting people off is 1) the massive spread. PI's don't like seeing a 15% loss as soon as they press the buy button. 2) Nobody knows when the recovery will really take place. It's the sentiment of the fact that the company is in better hands working forward, which going to drive share price + some other news thrown in. Rather then the say one massive RNS which multi bags overnight. There seems to be this sentiment on AIM that pi's only looking for the instant jam overnight. Personally I think RIA will make people more money over the months then trying to chase other daily multi-baggers, which they think will rocket just when they invest! |
Posted at 16/9/2013 07:10 by treacle32 RNS Number : 0208ORialto Energy Limited 16 September 2013 ASX Code and AIM Code: RIA 16 September, 2013 Rialto Energy Ltd ("Rialto" or the "Company") MoU signed for New PSC for Block CI-202 in Cote d'Ivoire Rialto is pleased to announce that its subsidiary Rialto Energy (Cote d'Ivoire) Ltd ("Rialto CdI") has signed a Memorandum of Understanding ("MoU") with the Cote d'Ivoire Ministry of Oil & Energy (the "Ministry"), the state owned oil & gas company PETROCI, and Vitol E&P ("Vitol") to replace the existing Production Sharing Contract ("PSC") for Block CI-202 with a new PSC on amended terms. Key elements of the MOU include: 1) The new PSC is expected to be signed before 9 November 2013 when the second exploration period under the current PSC comes to an end, and will have 3 consecutive exploration periods over a total of 7 years from signature; 2) The Ministry has acknowledged the proposed entry of Vitol into partnership with Rialto on the basis previously outlined and as summarised hereunder; 3) Substantially all petroleum costs incurred to-date by Rialto on Block CI-202 will be carried over for recovery in the new PSC; 4) The outstanding exploration expenditure commitments under the current PSC will be deemed satisfied under shareholding splits agreed for the new PSC. As a result, all remaining liabilities under the current PSC will be deemed to have been satisfied upon award of the new agreement; 5) Following the recent submission by Rialto CdI of a revised Field Development Plan for the development of Gazelle, once it is approved by the Ministry and the new PSC has been signed, a new Exclusive Exploitation Authorisation will be issued to replace the existing one; and 6) Negotiations will be recommenced with CI-Energies, the state owned electricity company, regarding a future gas sales agreement. The signature of a new PSC will fulfil the major condition precedent to the completion of the transaction with Vitol announced last April whereby Rialto agreed to sell a 65% interest in Rialto CdI to Vitol in return for their provision of an initial US$ 50 million of capital to fund appraisal and development activities on the Block. Rob Shepherd, Managing Director of Rialto Energy, commented: "We are extremely pleased to be able to announce the signing of the MOU that sets out a clear path for resolution of the key remaining uncertainties surrounding the Company and hence should enable our shareholders to look beyond the present to focus on the future potential of our Company and its assets. On behalf of the Rialto and Vitol team present with me last week in Abidjan, I would like to publicly thank the Director General of Hydrocarbons from the Ministry who led the negotiations most constructively and thus enabled us to address a number of complex legacy issues in an expedient and balanced manner. Certainly work remains to be done, but this agreement gives us a solid foundation upon which to build our planned exploitation and exploration of Block CI-202 and the surrounding area." |
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