Ruspetro: 2014 Results – Debt Down in Equity Swap, Ruble Devaluation Hurts, Plus Production Drop
Ruspetro plc, an independent oil and gas development and production company with assets in the Western Siberia region of the Russian Federation, announces today its results for the full year ended 31 December 2014, and an update on its operations to date. Financial Highlights – Successful completion of financial restructuring …
Ruspetro: Sergey Gordeev Joins Board as Tom Reed Departs
Ruspetro plc. announces that, under the terms of its Relationship Agreement with Mastin Holdings Limited, the Board of Directors has approved the nomination of Mr Sergey Gordeev as a Non-executive Director of the Company. Mr Gordeev’s appointment is effective immediately. Mr Gordeev is President and CEO of PIK Group OJSC, …
Adam Smith: Unconventional Oil & EOR Russia 2014
3 – 4 December 2014 Marriott Grand Hotel, Moscow http://www.adamsmithconferences.com/2329rgtee Development of new technologies for tight oil E&P in Russia is now more crucial than ever in order to recover the potentially vast reserves available, and this conference will provide a vital platform to discuss the latest initiatives to advance …
Adam Smith: Unconventional Oil & EOR Russia 2014
3 – 4 December 2014 Marriott Grand Hotel, Moscow http://www.adamsmithconferences.com/2329rgtee Development of new technologies for tight oil E&P in Russia is now more crucial than ever in order to recover the potentially vast reserves available, and this conference will provide a vital platform to discuss the latest initiatives to advance …
Ruspetro: Refinances $337.2m USD of Debt to Execute Next Phase of Horizontal Drilling
The Directors of Ruspetro announce the terms of Ruspetro’s proposed Restructuring. The principal components of the Restructuring comprise: The refinancing of approximately US$337.2 million of existing debt and the cancellation of the existing Put Option over the Company’s shares for £12.6 million (approximately US$20.2 million). This will be satisfied in …
Ruspetro: First Multi Stage Frac Horizontal Well Flows at 1,350 bopd
Ruspetro plc today announces that a successful ten day flow test has been carried out on the Company’s first multi-stage fractured horizontal well (number 214) in its Pottymsko-Inginsky license area. Three large fractures were placed in the 600 meter horizontal section of the well. After initial clean-up the well produced …
Ruspetro: Yearly Figures – Revenues up 5% – Looking to Restart Development Drilling
Ruspetro plc, is an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation, announces today its results for the full year ended 31 December 2013 and an update on its operations to date. Financial Highlights · Revenues of US$79.8m (+5% Y-o-Y) …