Ruspetro Share Discussion Threads

[rcturner2] 27/2/2013 09:43

EK should have stuck to shorting. He has got burned on a few going long now.

[darcon] 27/2/2013 08:45

This is very annoying. However, there may yet be ways to increase condensate flow rates and production depending upon what the problem is:

[sat69] 27/2/2013 08:40

RCT - I may have made a mistake but I feel safer investing in a company with a sound financial footing and one that delivers on promises.

[rcturner2] 27/2/2013 08:37

sat - it's never great taking losses, but as Livermore said, a share is never too low to sell

[rcturner2] 27/2/2013 08:36

But it's not the first time is it? Didn't they make some BS forecast in December and then had to sneak out an rns on a friday over NY with the real figures?

[sat69] 27/2/2013 08:35

RCT - My average was around 52p and I lost about £15k. They have failed to deliver on 3 consecutive rns's (or is it 4?) and have still to find funding. How many chances do you give a company before throwing the towel in?

[salpara111] 27/2/2013 08:34

Zero credibility, how can you forecast 4000 boepd 4 weeks ago and then say it is 1450 boepd.
The LSE should be ashamed of some of the companies that it allowed to float over the last few years particularly in mining and energy sectors.
I have watched waiting for a turnaround but now this company is in serious trouble from a cash flow perspective.

[rcturner2] 27/2/2013 08:31

Sorry to hear that sat69. I am guessing one of the 10k sells is yours. I hope you didn't buy in too high here. I recently sold half my holding in Petroneft at a loss after the latest operational update. The O&G market is full of surprises and not all of them good.

[sat69] 27/2/2013 08:19

Learnt a lesson here and sold all my holding.

[tradermel] 27/2/2013 08:11

Nasty little RNS

[seball] 27/2/2013 08:11

Not a holder but feel sorry for those who do. Company just continues to dissappoint. Day trade this share and no more imo.

[purple11] 27/2/2013 08:07

the dirtiest dog of them all.

[gwr7] 27/2/2013 07:58

And all you need to know about the clowns who have been tipping it ;)

[rcturner2] 27/2/2013 07:28

Tells you all you need to know about the unscrupulous workings of the city!

[gwr7] 27/2/2013 07:19

Target 4000, achieved 1450 so throwing money down the drain on new wells and heat exchanger. The fact that this was allowed to come to the market tells you all you need to know about aim.

[maxp4] 27/2/2013 07:07

Its game over now?


Go to market news section View chart Print
Company RusPetro plc
TIDM RPO
Headline Operational Update
Released 07:00 27-Feb-2013
Number 7412Y07

RNS Number : 7412Y
RusPetro plc
27 February 2013




27 February 2013





Ruspetro plc ("Ruspetro" or the "Company") Operational Update



London, 27 February: Ruspetro plc (LSE: RPO), the independent oil & gas development and production company listed on the London Stock Exchange, located in the Khanty-Mansiysk region of the West Siberian basin publishes today an update on its operations.



On January 25, we announced our intention to bring on-line a heat exchange system during February in the newly discovered Palyanovo gas and gas-condensate field with the aim of boosting condensate production towards 4,000 bopd. The heat exchange system has now been commissioned and has reduced the temperature of the hydrocarbon stream to a target level of 40 degrees Celsius.



Overall Company production of oil and condensate has risen to a current level of 7,100 bopd. We still have a further six wells in the condensate area awaiting activation and are expecting to bring these online in the near future; however, owing to wells recently brought online, which have had lower than expected flow rates and condensate yields, we no longer expect condensate production to reach the previous target level of 4,000 bopd in February.



Condensate production now stands at 1,450 bopd, with most of this production continuing to come from established wells.



The next scheduled announcement will be on the 18 March with preliminary 2012 results.



Enquiries

Investors / Analyst enquiries
Dominic Manley, Ruspetro
[phone]

Media
Patrick Handley / Catriona McDermott, Brunswick
[phone]



About Ruspetro

Ruspetro plc is an independent oil & gas development and production company, listed on the London Stock Exchange (LSE: RPO). The Company's operations are located on three contiguous license blocks in the middle of the Krasnoleninsk Arch in Western Siberia. Ruspetro assets include proved and probable (2P) reserves of over 1.5 billion barrels of oil.



This information is provided by RNS
The company news service from the London Stock Exchange

[gary1966] 27/2/2013 07:06

After that RNS probably. Never fails to not disappoint this one.

[madmonkflin] 26/2/2013 21:05

Its already been there.

[rojer108] 26/2/2013 20:57

Is this heading for 25p?

[m w] 26/2/2013 10:45

until we get news on the heat exchanger we could keep drifting lower, but not selling as it is due

[2bung] 26/2/2013 09:25

How many days in a row can a share fall, we must be in for some sort of record here

[ranj79] 26/2/2013 08:01

This was posted on Lse site, thought I'd share the link as it was informative. http://www.timelesswealth.net/articles/deadly_art_of_stock_manipulation.html

[2bung] 25/2/2013 17:09

Same as me, may average down here, but I will wait like RCTurner has said.

[m w] 25/2/2013 16:25

sorry to here that its hard to watch your money go as l am doing here