“Trust” Bought Shares of Ruspetro Enterprises in Khanty-Mansi Autonomous Okrug
The bank announced a settlement agreement for 24 billion Bank of non-core assets “Trust” acquired the shares of the companies “Inga” and “Trans-Oil”. Both organizations were part of the Ruspetro group and became bankrupt in 2020. The press service of the bank announces the signing of a settlement agreement and …
Ruspetro: Moscow Court Declared the Oil Company Bankrupt
The Moscow Arbitration Court declared the oil company Ruspetro bankrupt and opened bankruptcy proceedings. Alexander Chistyakov is the chairman of the board of directors of the company. The initial bankruptcy procedure – observation – was introduced by the court against the Tax Code in July 2020 at the request of the …
Ruspetro: 2015 Results – Drilling Costs Down, Geological Understand Up
Ruspetro plc, an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation, announces its Preliminary Results for the year ended 31 December 2015. Corporate – Intention to seek shareholder approval to cancel the listing of the Company’s ordinary shares from …
Ruspetro: Delivers Breakthrough Reductions in Well Costs for Tight Formations
Ruspetro plc announces that it has completed its development well campaign in the area of Pad 23b on the Pottymsko-Inginsky licence block. The 2015 drilling campaign comprised two multi-stage fractured horizontal wells 210 (previously labelled 216) and 212, plus one deviated well (218). The Group’s average monthly oil production …
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, …
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: Q3 Results – Revenues Up 17%
Ruspetro plc announces its interim management statement for Q3 2014 and the period up to and including 29 October 2014. HIGHLIGHTS Financial · Revenues up 17% in Q3 from Q2 2014 at US$16.5 million · Additional Glencore domestic prepayment facility entered into on 29 October 2014 for a sum of …
Ruspetro: Extends Short Term Loan With Limolines
Ruspetro plc is pleased to announce that Limolines Transport Limited has today extended a short-term unsecured loan of US$10 million to the Company at an annualised rate of 14 per cent for a term of six months (the “Loan”) The funding allows the Company to continue the operational momentum gained since spudding …
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 …