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And yes you need to fill in a sellers form and sign it and send it back. When they have a willing buyer they will contact you and ask for confirmation to sell. I didn't ask about multiple sellers but I would imagine it's first come first served if there are multiple seller with the same sell price. There's more information here http://www.ruspetro.com/en/matched-bargain-service.php
I was thinking much higher! 50p . When they start doing well (positive thinking!!) I think someone would buy them . Or maybe that's just wishful thinking. But yes you can change your sell price.
Why Oil Could Head Back To $90 Sooner Than Thought... http://oilprice.com/Energy/Oil-Prices/Why-Oil-Could-Head-Back-To-90-Sooner-Than-Thought.html
I've got to set a price and send it in. 4.5p? Looks like I'll be holding long term too then. I was thinking 15p as a min, but thought about setting initially at 20p. I assume we can set a price and in a year or two, if nothing happens we can alter the price?
I've checked with Capita today. They say current value stands at 4.5p and no trades for ruspetro have been made yet. I will set my selling price today but I think I'll be around holding ruspetro for a long time yet !
pumpky, did Capita ever get back to you about a current price any have been sold through them?
surged with opecs cap on production could be end of bear run, stock up on heating oil pdq !!
Maybe Ruspetro is actually worth something beyond its debt
Central to Rosneft’s plan to revive production at Yuganskneftegaz is the development of deposits known in Russian as “hard-to-recover resources”. The terminology is important: until 2014, such resources were often described by western and Russian companies in English as “shale”. When the US and Europe imposed sanctions restricting sales of equipment and services to Russian shale oil projects, many feared they would scupper development of such projects. But Russian executives say only the giant Bazhenov formation, which is estimated by the US energy department to hold 75bn barrels of oil, has been affected. Meanwhile, work on other “hard-to-recover” deposits, such as the Tyumen or Achimov, has continued. Like shale, these are low-permeability formations which require horizontal drilling and fracking to exploit, but the executives say they are geologically distinct from shale and therefore do not fall under the sanctions. There are some things connected to the Bazhenov which fall under sanctions,” says Alexander Vitevsky, chief geologist at Yuganskneftegaz. “But in fact the main part of our hard-to-recover resources is not the Bazhenov: it is prospects in the Tyumen and Achimov formations.” He says the Bazhenov accounts for an “absolutely insignificant” share of Yuganskneftegaz’s resources. Mr Tatriev predicts that output of hard-to-recover oil atYuganskneftegaz will increase more than threefold to 200,000 b/d by 2020. At well pad number 258, Mr Stefanishin rattles off a list of western service companies working with Rosneft. “We have working with us very successful companies — Baker Hughes, Halliburton — we’re using their rotary steerable systems for drilling horizontal sections.” There are signs that Rosneft is preparing to use Yuganskneftegaz as a model for its other brownfield assets. It has lifted drilling at Samotlorneftegaz, another western Siberian subsidiary, by 50 per cent this year. “We’re applying the same strategy as Yugansk — the plan is to turn around all these brownfields,” Eric Liron, Rosneft’s first vice-president, told investors earlier this year.
PNG Drilling Company successfully continues drilling horizontal wells on the license areas of Ruspetro and Rosneft oil companies 14.09.2016 PNG Drilling Company successfully continues drilling horizontal wells on the license areas of Ruspetro (UK) near Talinka settlement, Khanty-Mansiysk Autonomous Okrug - Ugra, using two mobile drilling rigs “Viking” and “Eskimos” with the hook-load capacity of 340 tons and 250 tons accordingly.
nope im happily watching my paper loss being turned into a profit with solgold and mariana at mo ! :-) will sit and watch rpo really id like the oil price to recover then look at selling but happy to top my heating oil up prior to that lol atvb
I have thought about doing that, just unsure what to set the price at. I am willing to play the long game and I have been here long enough to remember when the SP was above 50p (a long time ago). On the flip side, it may be quicker/easier to take a hit and try getting out quickly at 10p. Have you submitted an ask price eyesblue?
from what i understand you have an "ask" price and they try to match you with a buyer so no harm just putting them up for 20p and they will sell when they sell ??
I'm not sure it means they are currently trading at 10p. I have a feeling that its just standard text as my share certificate says something along the lines of... "the undermentioned is/are the registered holder(s) of Ordinary Shares of £0.10 each in Ruspetro plc" My average is just under 20p. As you say, if we have any chance of getting that sort of price, we'll have to play the long game and wait for oil prices to rise.
is that showing on the capita screens ?? 10p would be a result thankfully my 7k rpo hit has been made good by solg, marl and sxx so anything from the rpo sale would be profit even though my average was 28p ! pays to hold till oil goes up though unless you need to show a paper loss
Gambier, I have registered with Capita Share Portal. The shares show as 10p, unsure if this means any have been recently sold at that amount or not. Have you tried to sell your holding?
I'm waiting for my share certificate from Hargreaves Lansdown. Have the forms from Capita ready, however as others have said, still debating whether to hold off until oil price rises or not.
it is awfully quiet on here. Has anybody got that 10p/share that was being put out about with such confidence? I wonder what Rusptero has been getting up to recently?
Russian stocks hit a two year high !
Good morning eyesblue and all. I am in the same position as you and there is no point in selling until poo rises, or there is other news. Will be good to hear the price if somebody does sell. Regards.
havent contacted capita, basically my holding in rpo was 7k on paper ive had to mentally write that off, thankfully my other holdings (not many) are well on the way to balance the books so if i sold rpo for anything it would still be a profit if that makes sense, basically as ive mentally written this off id think hold until oil starts to increase and then maybe try selling, what say any other long term holder ?
Have you given them a price you would be willing to sell at eyesblue? Or are you holding off until the price of oil rises?
but looking on the bright side !
thats how i understand it to work yes
http://www.ruspetro.com/en/matched-bargain-service.php Has anyone traded this way before? Am I correct in thinking you can inform Capita of the price you wish to sell, then if/when a buyer is available they will contact you to complete the trade? Or is that to simple?