Member Info for azeus

At the moment, the asset of FC Otkrytie has already proved the indebtedness of OJSC INGA in two instances. In April, the structure of Ruspetro filed a cassation appeal against these decisions, asking the court to suspend the recovery in connection, as they say in arbitration, with "negative consequences for the company." However, the court in May denied the petition. In addition, Moscow arbitration currently considers claims against OAO INGA for 168.4 and 62.3 million rubles from Baker Hughes, JSC, related to the reimbursement of the cost of damaged equipment. Details on the cases are not disclosed, however, forensic examinations were already scheduled during the trials, and a representative of INGA in one of the courts even stated "falsification of evidence in relation to the equipment lease agreement concluded between CJSC Baker Hughes and Limited Liability Company "Baker Hughes BV". However, in the parent company in major litigation claims for the risk of their Yugorsk assets are not seen. "The trial is a civilized way of resolving disputes. The company executes all decisions of the courts that have entered into force, taking into account the world agreements on debt restructuring, which are signed with almost all major creditors. There are no legal grounds for introducing an insolvency procedure in respect of the company, which is confirmed by judicial acts. Production activities are financed in the planned volume. In this regard, we do not see any risks for the activities of our organization, "- optimistically commented in Ruspetro. Concerning the proceedings with PJSC GEOTEK Seismic exploration in the oil and gas producing company, it was explained that at the moment the parties are negotiating on debt restructuring, which are supposedly "close to a successful conclusion." In relation to the partners of Baker Hughes, however, the company was more categorical: "Given the circumstances of the case and the terms of the contract with the contractor (Baker Hughes), we believe that we have no obligation to recover the cost of the contractor's equipment allegedly damaged production work on our well. Since the cases are pending in the court, and decisions on them have not been made, we consider it incorrect to give any additional comments on these cases, "the oil and gas producing company said in a response. Ruspetro is assured that the structure in the Khanty-Mansiysk Autonomous District is operating in "normal mode". Moreover, it assists the Oktyabrsky district with social and economic development: "It is responsible for servicing and repairing the municipal gas pipeline at its own expense, and is also preparing to begin deliveries of gas from its deposits for communal needs of the Talinka settlement at the end of 2018." Analysts note that the financial support of INGA can be provided by the market conditions.

RUSPETRO'S PARTNERS IN THE KHMAO ARE ATTACKING THE COURTS. IN THE QUEUE, FOR HUNDREDS OF MILLIONS, THE STRUCTURES OF FC OTKRITIE AND BAKER HUGHES Asset Ruspetro "INGA" received multimillion claims The structure of the oil and gas producing company Ruspetro in the Khanty-Mansiysk Autonomous Okrug was in the epicenter of a number of major financial proceedings. Partners and contractors of OAO INGA, among which are the assets of FC Otkritie and Baker Hughes, have already filed claims against the mining structure for hundreds of millions of rubles. In the company itself, whose liabilities exceed 18 billion rubles, they speak of "negative consequences" as a result of the collection of funds. However, Ruspetro does not see the risks in the courts, declare about reaching agreements with creditors and planned financing of activities. Analysts meanwhile indicate that additional support for INGA can be provided by the current market situation: "The oil produced is sold for export, and the average Urals price has already exceeded 75 dollars." Nevertheless, The Yugorsk structure of the independent oil and gas producing company Ruspetro Ltd, OJSC INGA, became a participant in a whole list of major financial conflicts that resulted in litigation with partners. To be precise, the main shareholders of Ruspetro in April 2017, according to the company, were Limolines Transport Ltd (17.88%), connected with the former head of the Moscow United Energy Company (MIPC) Andrei Likhachev , chairman of the board of directors Ruspetro, former top manager FGC UES Alexander Chistyakov (15.7%), Otkrytiye Holding (15%), Inversiya Management Company , which was allegedly controlled by Sergey Gilev , ex-top manager of Discovery , Forcar Holdings Ltd (8.88%), Makayla Investments Ltd (8.81%), Conchetta Consultants Ltd (7.69%). According to the media, at least the blocking stake of Ruspetro was concentrated in the structures close to the "Discovery" - the main creditor of the oil and gas producing company. So, since the end of 2017, the partners of the Ruspetro structure, registered in Khanty-Mansiysk, have twice tried to recognize the company as insolvent. First, bankruptcy proceedings were initiated by Baker Hughes, a division of one of the world's largest service companies. The organization declared the debts of OJSC INGA in the amount of 124.9 million rubles. Another bankruptcy suit was filed by Newtech Well Service LLC (Nefteyugansk), citing a debt of more than 370 million rubles, related to works on hydraulic fracturing of the reservoir.

I filled in the form and placed a sell price (with Capita). Never heard anything after that. Not sure if any ever changed hands using their services. 1p? Really? I'd rather hold on to them in hope something positive comes in the future than sell them at that price. It's impossible to know what's going on with share price if you can't see the trades (if any at all have occurred).

Do you still have yours punpky? I was hoping Russian relations would improve, however they just seem to get worse by the day. May as well sit on them for 1p a share.

According to their website, should we wish to buy or sell shares we should contact the company secretary... http://www.ruspetro.com/en/buying-and-selling-shares.php Would love to know a ball-park figure if any have already been traded. I need around a �1 per share to even break even, but imagine they're no where near that at the moment.

I haven't. Not sure what the most recent letter implies, does it suggest we have no means by which we can sell should we wish too?

have you got a link?

Has anyone sold their shares here? Can we offset this as a loss without selling?

I registered with Capita and said I'd be willing to sell at 20p a share. Was always just planning on holding anyway. I guess with the new shares that would be equivalent to £2 a share when they're showing in Capita as £0.0065. Just treating them as written off now. I very much doubt there has been any trades using Capitas' Matched Bargain Service.

pumpky, did you ever submit a price to Capita that you would be willing to sell for using their Matched Bargain Service? I did and was wondering if we need to re-sumbit a new price based on the amount of shares we now have? I'm holding for however long it takes for the amount I'd be happy to sell for (if I ever do manage to sell them).

Mine are showing as 1share = £0.0065

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!

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.

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?

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.

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?

pumpky, did Capita ever get back to you about a current price any have been sold through them?

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?

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.