MET

Rosneft and Statoil today signed the Shareholders and Operating Agreement for a joint venture to assess the feasibility of commercial production from the Domanik shale formation. The document was signed Igor Sechin, President ofRosneft, and Helge Lund, Statoil CEO. This is another significant step forward following the Heads of Agreement …

Thomas Reed, CEO of Ruspetro and a founding shareholder. Prior to joining the Group Mr Reed was a private equity and M&A advisor and investor based in Moscow. Since 1995 he has been involved in the origination, trading, and research of different classes of assets, such as equity and equity …

Ruspetro plc announces an update on its operations to date and its financial highlights for the third quarter of 2013. SUMMARY Financial 3Q revenue of US$19.7m, an increase of 4.2% over 2Q 2013 3Q EBITDA of US$4.9m, an increase of over 200% from 2Q 2013 (excluding exceptional items) MET relief …

Russian President Vladimir Putin on Tuesday signed a law to ease the tax burden on operators developing Russia’s unconventional oil resources. The law will differentiate the tax rates for hydrocarbon production based on the permeability of the rock, depletion of the reservoir and the size of the oil bearing layer. …

Ruspetro plc announces that a substantial reduction in the Russian Mineral Extraction Tax applicable to tight oil has been passed into law this week and will be applied to production from the Company’s qualifying reserves from 1 September 2013. 80% MET relief: Due to the characteristics of our reservoirs, the …

Mr Pandey, you have been the regional CEO for Imperial Energy for the last 6 months. Please explain to our readers what your objectives have been during this period, and what your focus is for 2013? Basically my objectives have been to find new ways and technologies to improve productivity …