RusPetro PLC RPO

Latest Morningstar Commentary
DateAuthor Headline
Regulatory News Abstract
DateType Story
17/04/2013Business Event Result of AGM
At the company's AGM held on 17 April 2013, all the resolution including, special resolution to allot the equity securities for cash, to authorise directors for disapplication of pre-emption rights, to authorise the company to make market purchases and to held the general meeting on not less than 14 clear days' notice, were duly passed
27/03/2013Adviser Change Appointment of Remuneration Consultant
Deloitte LLP has been appointed as Remuneration Consultant to the company
27/03/2013Adviser Change Appointment of Remuneration Consultant
White & Case LLP has been appointed as Remuneration Consultant to the company
25/03/2013Business Event Notice of AGM
At the company's AGM to be held on 17 April 2013, special resolution to allot the equity securities cash, to authorise directors for disapplication of pre-emption rights, to authorise the company to make market purchases and to held the general meeting on not less than 14 clear days' notice, will be proposed
25/03/2013Trading Statement no outlook statement
no outlook statement
27/02/2013Business Event Operational update
The company provides an update on its operations. 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 bop. Condensate production now stands at 1,450 bopd
18/02/2013Business Event EGM Statement
The company's General Meeting has been adjourned for an indefinite period and no resolutions were put to shareholders at the meeting
06/02/2013Business Event Notice of General Meeting update
The company will proceed to hold the General Meeting of shareholders convened on 18 February 2013, but intends to adjourn such meeting indefinitely and not to put the relevant resolutions to shareholders. All shareholders and directors having provided irrevocable undertakings in respect of the General Meeting will be released from such undertakings
01/02/2013Business Event Notice of General Meeting
At the company's General Meeting to be held on 18 February 2013, resolution to authorise the directors to allot relevant securities up to an aggregate nominal value of £3.10m in connection with the conversion, to seek the approval of independent shareholders of the entering into by the company, to seek the approval of independent shareholders of the conversion as a related party transaction, to seek the approval of independent shareholders to waive the obligation on Limolines, and a special resolution that disapplies statutory pre-emption rights, will be proposed
25/01/2013Business Event Conversion of Limolines Outstanding Shareholder Loan
The company and Limolines entered into a deed of amendment, pursuant to which the company would issue new Ords to Limolines on the date that is 13 months from the date of admission, in full and final satisfaction of Limolines' loan to the company. In connection with the company's proposed offering of notes, the company and Limolines have entered into a supplemental deed to vary the terms of the Deed of Amendment, pursuant to which the conversion price would be fixed at 134p per share
25/01/2013Business Event Operations update
The company is currently producing 1.20m cubic meters of gas per day with a condensate yield of 1.26 barrels per 1,000 m3 of gas, equating to production of approximately 1,400 barrels of condensate per day. Wells currently completed have the capacity to produce 2.10m m3 of gas per day in aggregate. The company expects to be able to produce over 4,000 bopd of stabilised condensate from its existing well stock which will bring total production from 6,500 bopd to approximately 9,000 bopd
07/01/2013Business Event Operational update
The company provides update on its operations. It continues to experience slower than anticipated production growth due to additional modifications required to surface field equipment and curtailed well completions in December. During the second half of 2012, the company re-focused its drilling efforts towards the condensate rich Palyanovo region of its acreage. Despite prolific wells, a sharply higher-than-expected gas-oil ratio and the associated challenges of temperature management have led to technical challenges in stabilising the condensate from the hydrocarbons being produced
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