Operational Update

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 enquiriesDominic Manley, Ruspetro+44 207 318 1265

MediaPatrick Handley / Catriona McDermott, Brunswick+44 207 404 5959

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.