We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rialto Eng | RIA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.725 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.725 | 1.725 |
| Top Posts |
|---|
Posted at 28/11/2013 17:53 by dontshootthemessenger Rialto Energy Ltd - RIATreacle32 - 28 Nov 2013 - 12:09:17 - 1502 of 1503 Hi mate, Not sure at the moment, ASX issue needs resolving one way or the other. The board need to come out and subtantiate on their dual listing being reviewed comments. Quite a few buys at 1.98p reported on ISDX but nothing large. We do have the gas sales agreement RNS to look forward too and can come at anytime - in negotiations with state owned company. Rialto Energy Ltd - RIA Treacle32 - 28 Nov 2013 - 10:46:03 - 1500 of 1503 Some buys at 2p level now - still just 1 on the offer with the rest stacked up alot higher. Rialto Energy Ltd - RIA Treacle32 - 28 Nov 2013 - 10:36:33 - 1499 of 1503 Bored holders still selling despite all the subtantial directors top ups to add to their existing subtantial holdings. |
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 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 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." |
Posted at 07/8/2013 09:54 by ertugrul KeywordCompanyEPIC/T |
Posted at 06/8/2013 23:42 by ertugrul Second announcement in ASX7 August 2013 Rialto Energy Limited ACN 117 227 086 Level 1 34 Colin Street West Perth WA 6005 Tel: +61 8 9211 5000 Fax: +61 8 9486 9362 admin@rialtoenergy.c |
Posted at 01/8/2013 23:33 by ertugrul RNS in OzTo: Company Announcements Office ASX Limited, Exchange Centre 20 Bridge Street Sydney NSW 2000 ASX Code and AIM Code: RIA Rialto Energy Ltd ("Rialto" or the "Company") Appointment of Interim CFO The Board of Rialto is pleased to announce the appointment of Mr. Andrew Rose as Interim Chief Financial Officer of the Company, effective 27 August 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 (aged 56) joins the Company having previously been 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 £175 million), the significant growth which included the acquisition of assets in West Africa, through to Burren's eventual acquisition by Eni for £1.73 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. Commenting on today's announcement, Rialto's Managing Director, Rob Shepherd said: "I am very pleased that Andrew has agreed to join us as Interim CFO and look forward to working alongside him. He is a highly experienced and well respected industry CFO with a proven track record. During his successful careers in both industry and investment banking, Andrew has acquired all the necessary expertise to help the new team at Rialto meet its primary objective of delivering value to our shareholders. Rialto has gone through a significant transitional period over the last six months as it looks to rebuild investor confidence and we really pleased that Andrew shares the vision of the newly formed board and management team as we look to create material value within the Company henceforth |
Posted at 14/6/2013 09:25 by ertugrul post from Australian shareholderHighly disappointed to see yet another drop by RIA today, I make that a market cap of circa $22.5m based upon the last traded price of 3.3c today. Ridiculous when you consider what we have. Petroci bought (once they have paid) an additional 10% (paying plus beneficial interest) in Gazelle alone for $10m. If you use this as a value calculator for RIA I get the below. 2C Contingent resources = 32mboe (6mbarrels plus 156bcf of gas). Interest purchases = 10% Consideration = $10m Pro rate Gazelle value at 100% = $100m Gazelle value / boe = $100m / 32mboe = $3.13 RIA Interest = 35% x 74% = 25.9% RIA Interest (barrels) = 8.3mboe Value - (8.3mboe x $3.13) = $25.9m So using the Petroci farmin, Gazelle is worth more than the ntire market cap of RIA!! I know there are funding concerns and I hope the company release something on this soon, as I ahve stated in other threads, my belief (no-one from RIA has spoken to me about this) is that they are trying to defer the exploration wells and swap this for early Gazelle production. On an NPV this would be very attractive for both RIA and particularly Vitol because at least half of the capex has already been spent as 2 out of 3 producing wells have already been drilled and suspended. I think once funding concerns are alleviated, that RIA will bounce strongly to the upside. Just a little valuation below: Gazelle (assuming it is developed and we book 2P reserves) then the 8.3mboe should be valued higher than $3.13. Even basing this on $5 / boe (I can have a look at my cashflow later and see what the cash return is) then Gazelle would be worth $41.4m. Valuing Addax (20.5mboe) and Hippo / Bubale (32.6mboe) at 70% of the Gazelle farmin price from Petroci of $3.13, then $2.19 multiplied by RIA's interest in Addax (6mboe) and Hippo / Bubale (9.6mboe) then this would equal another $34.1m or in total $75.5m or more than 3 times the current price. Surely once cashflow concerns are alleviated, RIA will get out of this nosedive and start rising again, back to most of us long termers break even points!! I ahven't even considered Starfish right now and won't unless we find something as its truly frontier drilling but I think there is plenty of value in RIA and particularly in CI-202 but we need the BOD to come out and tell us what is happening and release some of the funding risk that is clearly battering the sentiment in the stock. |
Posted at 17/9/2012 08:47 by euclid5 RNS Number : 3637M Rialto Energy Limited 17 September 2012 17 September, 2012 ASX Code and AIM Code: RIA Rialto Energy Ltd ("Rialto" or the "Company") Appointment of Non-executive Director The Board of Rialto (ASX: RIA and AIM: RIA) is pleased to announce the appointment of Mr. Andrew Donald Bartlett as a Non-executive Director of the Company. Mr. Bartlett. 54, has over 30 years of experience in the Oil & Gas Industry. He has a wide range of skills, in both the upstream industry and across finance in M&A, Project and Mezzanine Debt, Derivatives and Private Equity. This includes over 20 years' experience in Emerging Markets, with the majority of this time focused on Africa. An experienced investment banker based in London, Mr. Bartlett was both the Global Head of Oil & Gas Project Finance and Global Head of O&G M&A at Standard Chartered Bank until July 2011. During the course of his investment banking career, Mr. Bartlett has either advised on or financed over 50 oil and gas deals in emerging markets, mostly in Africa, with a total value in excess of $25 billion. He also has extensive experience in the LNG sector. Prior to going into investment banking, Mr. Bartlett helped to establish Shell Capital in the period 1998 to 2001. Shell Capital was the Private Equity/mezzanine debt group set up by Royal Dutch Shell to finance small producers in emerging markets in order to drive trading and future E&P opportunities. Prior to joining Shell Capital Mr. Bartlett worked for Royal Dutch Shell as a Petroleum Engineer & Development Manager where he gained extensive experience in developing & operating oil & gas fields. Postings included the North Sea, Netherlands, Somalia, New Zealand & Syria before joining Shell Capital. Mr. Bartlett sits on the Advisory Board of EUCERS, a European Commission funded initiative at King's College London for industry, politicians, financiers & academia to discuss energy security issues for the European Union. He is currently a Board member of Petroleum and Renewable Energy Company Limited, an Energy Consulting Group, as well as being a director of Bartlett Energy Advisers. In the last five years Mr. Bartlett has been CEO and director of Harrison Lovegrove Ltd and Energean E&P Holdings. Commenting on today's announcement, Bruce Burrows, Non-executive Chairman, said: "The Board is delighted to welcome Mr. Bartlett as an independent Non-executive Director of Rialto. Andy's appointment is in line with the planned strengthening of the Board following director resignations in April of this year. Andy brings a wealth of experience in the E&P sector generally and more importantly in the West Africa region. It is Andy's experience in debt finance and M&A that will be of particular value at this time; when the Company is looking to secure an appropriate contribution of debt finance for its Gazelle Development, and looking to secure farm-in partners to its highly prospective exploration and appraisal portfolio offshore Côte d'Ivoire. I look forward to him making a valuable contribution to Rialto's progress." Enquiries to: Buchanan Tim Thompson, Ben Romney or Helen Chan (Financial PR London) Telephone: +44 (0)20 7466 5000 Email: rialtoenergy@buchana -------------------- RBC Capital Markets Matthew Coakes or Daniel Conti (NOMAD) Telephone: +44 (0)20 7653 4000 -------------------- PPR Colin Hay (Financial PR Australia) Telephone: +61 8 9388 0944 or +61 404 68 3355 Email: colin.hay@ppr.com.au -------------------- Rialto Energy Limited Jade Hockie Telephone: +44 (0)20 7042 8500 Email: admin@rialtoenergy.c -------------------- Save as disclosed above, and in accordance with AIM Rule 17, there is nothing further to disclose under Schedule Two, paragraph (g) of the AIM Rules for Companies. About Rialto Energy Ltd Rialto Energy Limited (ASX:RIA, AIM:RIA) is an oil and gas exploration and production company with offices in Perth (Australia), London (UK) and Abidjan (Côte d'Ivoire). Rialto is the Operator (85% working interest) of the CI-202 block offshore Côte d'Ivoire. The CI-202 block contains the Gazelle Field, which is the current focus of development, with first production expected by early 2014. A Competent Person's Report completed in September 2011 by RPS Energy Services in relation to CI-202 certified Total Mean Contingent Resources of 50 MMbbls of liquids and 396 Bcf of gas, in addition to Total Mean Prospective Resources of 511 MMbbls of liquids and 1,785 Bcf of gas. The Company has received approval for a Field Development Plan and Exclusive Exploitation Area over the Gazelle Field and has executed a Gas Sales MOU, which will be superseded by a final binding agreement at Final Investment Decision, with the Government of the Republic of Côte d'Ivoire. Rialto also has an interest in the Apache operated WA-399-P block in the Carnarvon Basin, Western Australia and is currently in the process of working with joint venture parties and Ghanaian governmental authorities to achieve approvals for an assignment of a 20% paying interest in the Accra Block, offshore Ghana. Rialto listed on the Australian Securities Exchange in July 2006 and listed on the Alternative Investment Market in April 2012. This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 12/4/2012 12:10 by liquid millionaire 12 April 2012 AIM and ASX Code: RIARialto Energy Ltd ("Rialto" or the "Company") First Day of Dealings on AIM Rialto Energy, an exploration, appraisal and development company with operated assets offshore Côte d'Ivoire, West Africa, is pleased to announce that admission and unconditional dealings of its ordinary share capital is expected to commence at 8.00 a.m. (GMT) today on the AIM market ("AIM"), a listed securities market of London Stock Exchange Plc ("Admission") under the TIDM identifier RIA, with ISIN AU000000RIA0 and SEDOL number B7F0QS3. Rialto will continue to maintain its listing on the Australian Securities Exchange ("ASX"). Highlights Rialto is a dual AIM and ASX listed company focused on the exploration, appraisal and development of oil and gas interests in Côte d'Ivoire, Australia and Ghana. The Company's principal asset comprises of an operated 85 per cent working interest (with a 95 per cent paying interest) in Block CI‐202 ("CI‐202") located offshore Côte d'Ivoire and within the West African transform margin, which is one of the world's most attractive emerging petroleum regions. CI‐202 contains four significant discoveries and multiple exploration and appraisal opportunities. RPS Energy Services Pty Ltd (RPS) has certified a gross Mean Contingent Resource of 50 mmbbls of oil and liquids and 396 Bcf of gas in addition to a gross Mean Prospective Resource of 511 mmbbls of oil and liquids and 1,785 Bcf of gas. Existing discoveries and the majority of identified exploration prospects are located in water depths of less than 100m and can be drilled using jack‐up rigs at relatively low expense. Rialto has received Governmental approval for a Field Development Plan over the Gazelle field within CI‐202 and the Company's current focus is on the development of this field with first production anticipated by the end of 2013/Q1 2014. Rialto has signed a Gas Sales MOU with the Government of Côte d'Ivoire which will provide for the delivery of gas from the Gazelle field into Côte d'Ivoire for local power generation and it is working to finalise the terms for a binding gas sales agreement. The location of the proposed development at the Gazelle field and its proximity to existing onshore production infrastructure will provide Rialto with the ability to tie‐back future discoveries both efficiently and cost effectively. A fully funded three‐well drilling campaign began in CI‐202 during March 2012 consisting of two development wells at the Gazelle Field and a third exploration well to test the high impact Chouette Oil prospect which has a Gross Mean Prospective Resource of 84mmbbls of oil and 42 Bcf of gas. Rialto also holds a 12 per cent working interest in the WA‐399‐P Licence, situated in the Exmouth Sub‐Basin, offshore Western Australia for which RPS has certified a gross Mean Prospective Resource of 39 mmbbls of oil and liquids and 20 Bcf of gas. The Company is also proposing to acquire an 18 per cent working interest (with a 20 per cent paying interest) in the Accra Block located in the Keta‐Benin basin, offshore Ghana which is subject to the Ghanaian Ministry of Energy and GNPC, the Ghana state petroleum company, consenting to the assignment of the Accra Block Interest from Challenger Minerals Inc. to the Company. Rialto will have, in aggregate, 650,163,858 ordinary shares of no par value each in issue immediately following Admission. RBC Europe Limited (trading as RBC Capital Markets) is Nominated Adviser and Joint Broker to the Company and GMP Securities Europe LLP is Joint Broker. Jeff Schrull, Managing Director, commented: "The directors of Rialto believe our successful admission to AIM will represent the next natural step in aligning the Company with its strategy of establishing itself as an operator and explorer of substance in the West African region. Both the AIM and the ASX listings will position the Company well to further develop its quality asset base and to seek other suitable opportunities when required. We are therefore delighted to have completed our London listing and look forward to updating both AIM and ASX on our operations as we progress with our exciting drilling programme in Côte d'Ivoire." An updated company presentation and the full AIM Admission Document can be viewed at www.rialtoenergy.com Enquiries to: Rialto Energy Limited +44 (0)20 7042 8500 Jeff Schrull, Managing Director admin@rialtoenergy.c Patrick Garo, Chief Financial Officer RBC Capital Markets ‐ Nominated Adviser & Joint Broker +44 (0)20 7653 4000 Matthew Coakes Daniel Conti GMP Securities ‐ Joint Broker +44 (0)20 7647 2800 Nick Morgan Chris Beltgens Buchanan Financial PR (London) +44 (0)20 7466 5000 Tim Thompson rialtoenergy@buchana Ben Romney Helen Chan PPR Financial PR (Australia) +61 8 9388 0944 Colin Hay colin.hay@ppr.com.au |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
