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I will do (although expect I'll be holding long-term as put in a high price I'd be willing to sell them for). Likewise if anyone else hears from Capita about price they're currently selling for. GLA!
Be good to know if you sell them,let us know!! Gl
I've submitted the form with how much I want. They replied with a letter saying they'll be in touch if/when they have a buyer. I guess that could be a long time or never.
You tell them how much you want per share and they will tell you how much they can get
Don't make me laugh. Who on earth would be selling now when the only pricing target we have to go off is the comical price from last June. Anyone who wanted to sell out did so then. The rest of us Spartans "will never surrender"!
Has anyone heard anything from Capita re. sales of shares? I sent my forms a couple of months ago, haven't heard anything. Just wondering if any have been sold yet and what price did they sell for if they have?
Most of Ruspetro acreage is tight oil formations that are much superior to Bazhenov. So remove sanctions and Ruspetro gains access to funding and possible partners.
Likely, most of the Arctic developments would have been uneconomic even in the absence of sanctions. But experts see massive potential in the country’s untapped tight oil reserves, most of which lie within the massive Bazhenov tight oil basin in western Siberia. The basin is similar in size and scope to the Bakken formation in the northern U.S. and Canada. “It’s probably superior (to the Bakken), but we don’t have enough data on it to be certain,” said Ronald Smith, an analyst at Citigroup based in Moscow. Exploiting Bazhenov’s reserves would likely require the application of U.S. technologies that are banned under sanctions. But Smith said the geology of the Bazhenov might not be the biggest challenge; instead, it may be what’s above the surface. “West Siberia is the world’s largest swamp,” he said. “The average depth is 10 to 20 metres, and it’s a difficult place to operate. (But) below the surface, it’s actually brilliant.” Without a substantial expansion of its reserve base, Russia’s oil and condensate output will not maintain current levels over the next 20 to 30 years, according to a forecast by the Moscow-based Energy Research Institute of the Russian Academy of Sciences. “This was how Russia had intended to keep up its record-high levels of production over the longer term,” Eurasia Group’s Stromquist said.
Seems a good pick and appears independent. Good to see Conlin stay as a director, he did well to reverse much of the chaos left by Reed et al.
ARIC CUNNINGHAM CHIEF EXECUTIVE OFFICER Skills and experience: Mr Cunningham was appointed Chief Executive Officer in January 2017. Mr Cunningham spent 25 years with BP in various management and operational positions, including Director of Reservoir Management at TNK-BP Russia. In 2008, he moved out of “big oil” into a smaller company entrepreneurial environment to join Vostok Energy as the Chief Operating Officer and later Astrakhan Oil Corporation as Chief Executive Officer. Following 3 years with AOC, Mr. Cunningham was approached to be the Chief Executive & Member of Board of Directors for MND Group N.V. which included responsibility for E&P, UGS, Drilling and Services, and Gas Trading/Retail business segments in Czech Republic, Ukraine, Russia, Germany, and Georgia. He has had leadership exposure across all elements of the upstream value chain, exploration, reservoir engineering, production optimisation, development and M&A/business development. Mr Cunningham graduated from the University of California in 1983 with an MS degree in Geology and holds an MBA from the University of Aberdeen, Scotland. Conlin has become a director
And if they don't, what are you going to do? As they are not subject to any regulation you would have to take out private legal action on the company in Russia. Are you going to travel to Moscow and get yourself a lawyer and pay the hundreds of thousands of dollars in legal costs? You are simply relying on the goodwill of Russians - good luck with that. The best anybody can hope for is a relist. This can only conceivably happen with $80+ oil price, removal of Russian sanctions and stupendous drilling results.
According to this: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RPO&ArticleCode=hlq5dv8c&ArticleHeadline=Circ_re_Notice_of_General_Meeting The Company will: - continue to provide operational updates when the Company deems it to be appropriate; - publish its annual results (further details of which are set out in Part II of the Circular); - adopt the provision of the Model Code in relation to any dealings in the Company's shares by directors and senior employees following Cancellation; and - require, under the New Articles, disclosure by Shareholders if, as a result of either of an acquisition or disposal of shares in the Company or of changes in the total voting rights attached to the Company's shares, the percentage of voting rights which such Shareholder holds, or has control over, reaches, exceeds or falls below 3 per cent. and each additional 1 per cent. above that level.
They have no legal requirement to report anything to shareholders as they are not listed anymore. Plus, it is a Russian company, so practices are nefarious most of the time anyway. It hard to see how the company will operate in the future. The debt burden is so huge, and its capacity to meet debt payments is virtually zero. Excellent news regarding flow rates and well costs a few months back when they spoke to industry press. Even the debt ratio had come down. They are targeting 12 thousands barrel per day by end of 2017 with a projected $50 oil price. That produces a debt to EBITDA ratio of a still horrendous 8, totally unacceptable for a new FTSE listing. Personally I don't think you will hear anything from the company and the website will just disappear. Maybe they could relist on the MICEX if oil prices jumped to $80+ and drilling went spectacularly well. Who knows, it's Russian, anything is possible.
The wed sites not been updated, looking at the past I see April is the yearly report, so I guess that will be the next time the web site will be updated if at all?
Not your average chairman: https://www.instagram.com/p/BI69fFujQPL/?taken-by=chistyakova_ionova
few more than me then ;-)
seem to think his average is £1.38 per share
What percentage does he own and what are the chances of his shares ending up with one of the others?
or take over !! gla
Just wondering if anyone has been matched, or knows anyone that has sold and what price? There is not much information i.e. none coming out of the company wonder when any news will come regarding production or shutdown.
early days but oil going one way only now, ive also seen some funds made up of russian oil producers being tipped as speculative, all in all i prob need to sell by april, ive gone over my capital gain in 2016 (bless solg) and by cashing in on the rpo loss it will mean i pay no capital gains tax gla and happy crimbo !
Two key points here: 1) 'the company's approach to drilling and development wells is scalable and can be applied universally within the boundaries of the license area' One of the major problems for RPO was that the geology was very heterogenous. Within a very small field area you could have very different geologies making it hard to scale up a success from a particular well. If they have developed a model that is scalable they can be very aggressive with drilling and more accurately predict future production. 2) 'According to forecasts of the company's revenue will exceed $ 120 million in 2017 and EBITDA will rise to $ 55 million, even with low oil prices (Brent at $ 50 mark per barrel of oil). At the same time, the rate of debt / EBITDA (debt focuses on the members of the group of companies Ruspetro "INGA" and "Trans-Oil") will drop to 8' Debt/EBITDA is falling which is very positive. A ratio of 8 is still very bad, it needs to be below 4. However, this is with current oil prices and with Rusptero MET exemption any increase in oil price leads to a strong increase in EBITDA. If oil goes to $80 dollars or above then the debt issue could be dealt with.
Thanks for that Rooski, information very hard to come by these days, Who knows?
Thanks Nicster. 50p, I think that is wishful thinking, mind you I have been invested in this since the last time it was 50p (a long time ago). If they ever hit their original target of 10000 bpd and the global oil prices begin to rise, who knows, one of the big shareholders may offer a higher asking price to get as many of the smaller shareholder shares.