Ruspetro Share Discussion Threads

[darcon] 19/2/2013 21:08

Rising oil price could be viewed as a positive development, but on the other hand it could reduce the urgency for the Russian govt to introduce its mooted tax reforms in favour of tight oil development.

Falling pound vs USD. Provided debt can be serviced without recourse to current shareholders and that company is able to get its production and reserves development on a cash flow positive trajectory then presumably the effect of a falling £ vs USD will be beneficial for UK shareholders

[madmonkflin] 19/2/2013 16:10

or bail out? - best until the financing is sorted out at least.

[m w] 19/2/2013 16:04

I'm over 60% down and still falling, top up or take a hit ????

[2bung] 19/2/2013 15:44

we're just getting hammered in a bull market :(

[chewy1] 19/2/2013 14:52

All very good but in meantime price slips a couple of percent every day, thought this heat exchanger should have been completed by now as it is so vital for cash flow not to mention fading share price.

[darcon] 19/2/2013 14:38

The next piece of news that I would expect to appear in an RNS is about the heat exchange system coming on line. From the Jan RNS:

"Heat exchange system expected to come on-line in February 2013 enabling condensate production to increase from the current level of 1,400 bopd towards 4,000 bopd and bring total crude and condensate production from 6,500 bopd to approximately 9,000 bopd; and

o Given the cash generative nature of condensate production, 9,000 bopd of combined production is equivalent to approximately 12,000 bopd of crude oil only production in well head revenue terms."

[darcon] 18/2/2013 07:57

From the 6 Feb RNS:

"The Company will release an operational update on or before 18 March 2013 and will release its 2012 preliminary results and DeGolyer and MacNaughton's 31 December 2012 reserves' audit on 18 March 2013."

So nothing expected today other than an adjournment of EGM meeting RNS. Up to another month to wait for the operational update RNS

[ranj79] 18/2/2013 07:48

We should still get and RNS today for operational update and preliminary results. Does anyone know what time this will be released?

[darcon] 18/2/2013 07:16

Today's meeting is going to be adjourned indefinitely as announced in the company's RNS of 6 Feb. There is nothing positive expected from today's EGM meeting.

[ranj79] 17/2/2013 23:21

Either way we'll be crying.. Joy or sorrow! And am feeling pessimistic atm.

[m w] 17/2/2013 22:48

All depends on tomorrow, if nothing positive i fear the worst, 25p??? Hope not

[darcon] 15/2/2013 23:09

Article in Russian about the problems faced by small Russian independents such as Ruspetro

[darcon] 15/2/2013 22:52

For those who can read Russian some general background on current status of tight oil development in Russia:

[darcon] 15/2/2013 22:31

New PWC presentation for general reading re potential impact of shale oil development

[darcon] 15/2/2013 21:28

According to IFRe RPO postponed the senior secured notes offering as there was insufficient demand for the notes.



"Ruspetro (B– from S&P) has confirmed market rumours by announcing that it has hired Bank of America Merrill Lynch, Credit Suisse and Deutsche Bank to arrange a series of fixed-income investor meetings in Europe and the US, beginning January 28."



"Oil and gas producer RusPetro (B– from S&P) became the first EEMEA borrower to fall victim to changing tides in emerging credit markets on Wednesday, when it decided to pull its debut 144a/Reg S bond deal after failing to garner enough orders from investors."

[ranj79] 15/2/2013 08:42

Lets hope the meteor shower is Russia isn't having an effect on out coming results :p

[m w] 12/2/2013 20:43

A bit old but worth reading

[darcon] 11/2/2013 14:47

Another company looking at potential of tight oil. Article mentions that tight oil tax reforms could be worth USD20 per barrel

[up just a little bit] 08/2/2013 23:50

pixi?
PET?

[pixi] 08/2/2013 23:47

Don't listen to anyone. There's three things that can happen here: the price stays the same, it goes down or it goes up. Take your pick.