||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
|malhashemi: Knacks.. Perhaps the Execs get a fat KPI related bonus if the share price closes above 100p by end of Sept (ie Q3) :-)Shenanigans or no, either way I wouldn't want to miss this rideGLA|
|meijiman: I suspect Shamis has done his homework and is able to see the gains from the benefit of the tax changes in terms of numbers going forward.
equally there is a lot of murk in Russian dealings so who knows.
But in theory it should help the share price move up further closer to 100p.|
|rcturner2: Darcon, many thanks and best of luck to you too. I may or may not get rich on Petroneft, which has some similarities with RPO. The main one being that the share price tanked and we ended up with a massive share placing that added 50% new shares to the market.
As I said above, I have seen this scenario so many times before.|
|wigancasino: Very nice to eat my own words just as I am about to open the draw and put them away.
Spreadbet Mag gives very good forward looking optimism, particularly like this if it proves true:
SBM TAKE - The conversion price of the loan notes at a price equivalent of 134p is a real vote of confidence in the company and an indication of the true value of RPO. Should management be successful in reaching their production targets for 2013 & 2014 then however you look at it, the current share price is a total nonsense.|
|rcturner2: They start the year with production at 2800 bopd. They are drilling 6 more wells on one of their fields (next well result any day) which will hopefully take them over 4000 bopd by July. They are likely to begin putting another field into production H2 (which has over 50m barrels of P2). They are also in discussion with 3 parties regarding 50% farmout of one licence which is timetabled for Q1 and will double the share price overnight if they achieve it.
(edit current share price values P2 per barrel at 60c so plenty of room for 2 or 3 bagger)|
|cricketeer2: RCT - PTR is also a disaster company.
All russian focussed oilers have one thing in common, share price spikes with a jam tomorrow story or in the case of RPO, dangle the carrot of incredible reserves which are in essence internal company estimates and not verified by third party or the russian authorities.
Russian backers make a killing. Knowing the real picture, they even put shorts on as its second way of make a shed load of money.
They key thing to point out is that, these companies always have backers who are ready to convert to shares at a set point! It is the same trick death spiral companies pull out.
Put a short on. The more the price retraces, the more shares they will get back when they convert the loans. They can then close the shorts with these shares. Its guaranteed money! Death spiral companies give you money for shares but they have agreements in place for new shares to be issued if the price falls below a certain point. They can put shorts on and drive down the price to fall below that level, at which point new shares are issued to them which they then use to close the short.
I am astounded no one has picked up on this.|
|darcon: At page 63 of Prospectus regarding the Sberbank facility the RPO prospectus states: "On 25 November and 1 December 2011, RusPetro and Sberbank amended the Sberbank Facility. Pursuant to these amendments, annual interest of approximately US$25 million is payable in twice yearly installments in May and November each year beginning in 2012. All remaining accrued interest and
principal is payable in April 2015. In consideration for such amendments, RusPetro agreed to pay Sberbank 20% of the proceeds of the Global Offer, not to exceed US$45 million, in respect of (i) accrued interest of approximately US$27 million for the period 26 December 2010 to 25 December 2011 and (ii) a
portion of principal under the Sberbank Facility up to a maximum of US$18 million. The Company intends to pay up to a maximum of US$12.5 million of the interest payment due in May 2012 out of proceeds of the Global Offer."
So investors should have in mind that RPO will need to pay approx US$25m in May 2013 and another US$25m in November 2013. There is also the Makayla facility repayable in August 2013. So a total of almost $70m repayable in May through Nov 2013.
If cash-flows are lower than forecast as a result of production shut-ins and the share price continues to remain below the IPO Offer Price of 134 pence per ordinary share, then the refinancing the market ought to be concerned about in my opinion is the question of how RPO will finance the interest payment to Sberbank in May.|
|eastwind: Limolines debt to be converted into new shares in Feb 2013, converted at volume weighted, average price of the ordinary shares for the 30-day period, immediately prior to conversion date, subject to LSE regulations.
Limolines debt is $55m plus interest. The lower the share price, the more number of shares to be issued. So it is in the interest of Limolines for the share price of RPO to be kept low.
I think it is the main driver of lower share price. The lower production numbers and problems in the oil field may not be coincidence.
So the good news will only be announced after Feb 2013.|
|durby: Zoo - IMO if RPO executes its strategy correctly, share price will be much higher than where it currently is now.
IMO we will be back to 70-75p levels before the next Ops update - which should be out once they have the condensate infrastructure up and running. There has been some delays in execution but fundamentals haven't changed. I think 2013 can be RPO's year.
But one needs to keep an eye on cash levels. Any additional costs (like the one they are putting in place to deal with additional gas & heat), will eat into their cash levels. Per the last interim, RPO is fully funded for 2013. Question remains as to whether this is still the case.
RPO is putting in place an infrastructure that can handle 15k bopd. Once they have reached this target, it will be good to know how they plan to build additional infrastructure.
Still, this is a good share to hold IMO. Well done to those who got in at 65p levels today.|
"Russia's government is reviewing the export duty structure, with plans to propose incentives for offshore and unconventional oil production by the end of the first quarter."
It seems that the timing for the introduction of incentives for tight oil has slipped by at least three months. If so then I would expect to see further downward pressure on the RPO price in the coming few months all else being unchanged.
The recent RNS about the licence extension appears positive, but I would like to know about the cost and strategic implications of the new licence condition on gas utilisation. How exactly is RPO exactly planning to deal with the associated petroleum gas (APG)?|
Ruspetro share price data is direct from the London Stock Exchange