Anybody know anything about this....EK is in.....rising, but I don't know a thing about this newcomer....,

RusPetro Operational Update

London, 14 March: RusPetro plc (LSE:RPO), the independent oil & gas development and production company listed on the London Stock Exchange, today provides an operational update. RusPetro's operations are located in the Khanty-Mansyisk region of the West Siberian basin.

Highlights:
· Positive production test results from exploration Well 1004, with significant upside potential

· Well 4158 spudded; a delineation well targeting Lower and Middle Jurassic siltstones at 2760 meters TVD (true vertical depth) near well 1004

· Well 244 drilled to a target depth of 2843 meters, perforated 24 meter interval in the prolific Jurassic UK 2-3 zones

· Well 1036 target reached at 2720 TVD, core being collected in final licence well; casing and testing to follow shortly

· Additional rigs mobilizing in the western and northeast areas of the field

· Infrastructure build-out advancing ahead of schedule

· Ruspetro included in the FTSE 250 Index

Don Wolcott, Chief Executive Officer, commented:
"RusPetro's first six weeks as a public company have been busy and productive. We have had encouraging results from well 1004 in the northeast area of the field. We are accelerating our drilling in the western area and rigging up to drill more in the northeast area. Our infrastructure build-out is advancing ahead of schedule to support our anticipated increased production this year. We are also delighted to be included in the FTSE 250 index."

FTSE 250 trackers to start buying monday.

Post dated 9th march.

lifted from Advfn...........

merrills..
Our sales focus of the day…



Buy RusPetro (75% Upside): Compelling Valuation and Rapid Production Growth



Following Alex Holbourn’s recent initiation of Russian E&P RusPetro, we take the opportunity this morning to add it to our Mid Cap 1 list of most preferred European mid cap stocks. The company is incredibly cheap, trading at US$0.84/bbl on an EV/2P basis, which equates to a 50% discount to the next cheapest Russian & CIS E&P peer under coverage, Exillon. We believe the management to be extremely competent, the asset to be under valued with significant ramp up potential, and now we are past the peak of political risk in Russia with elections all complete, we are high conviction BUYERS of RusPetro.



Why we are BULLISH Ruspetro:

Materially undervalued 2P reserves trading at US$0.84/boe: The company owns three licences containing 2P reserves of c.1.4bn boe, certified by international auditor D&M. RusPetro is currently trading on an implied EV/2P boe of US$0.84/boe versus Russian & CIS E&P peers under coverage trading at between US$1.7-2.3/boe.
Experienced management team: CEO Don Wolcott has a strong track record, having overseen a doubling of production at Yukos where he was Director of E&P Technology and Senior VP.
Rapid Production Ramp-up: Via an accelerated drilling programme of production wells; and the maximisation of individual well productivity and recovery factors via standardised production enhancement techniques, including hydraulic fracturing and waterflooding.
Good level of current production: Current production of 4.5kboe/d has grown >3.0x from a low base in mid-2010, when current management ramped up operations. We have production growing from 7.1kboep/d in 2012E, doubling to 14.3kboe/d in 2013E, and rising again by c.50% to 22.1kboe/d in 2014E.
A play on a more favourable Russian political outlook: The idea is also consistent with our more bullish stance on Russia. Indeed we see post-election protest action peaking on Thursday while strong oil is supportive for a risk on environment which we think leads to a return to inflows into the region.
Potential FTSE All-Share/250 inclusion? We will find out tomorrow evening if RusPetro has made it into the FTSE All –Share. If it has then we estimate c.5.5m shares will need to be bought.

Talk over there of 5.5 million share to be bought from monday onwards.

Credit Suisse initiates coverage of Ruspeto (RPO) with an Outperform rating and 332p target price.

Russia Energy Ministry considers oil export duty cut

http://www.reuters.com/article/2012/03/27/russia-oil-tax-idUSL6E8ER5P320120327

FTSE 250 firm RusPetro (LON:RPO) is the subject of an initiation note from investment bank Credit Suisse.
"We initiate coverage of RusPetro with an Outperform rating and a target price of 332p, making it one of our preferred stocks in European E&P," said analyst Ritesh Gaggar.
The firm has assets in Western Siberia - the largest oil producing region in Russia.
It has independently audited 2P (proved and probable) reserves of 1.4 billion barrels of oil equivalent and plans to increase production from around 4,500 barrels per day to around 96,000 by the end of 2016 and to more than 300,000 barrels by 2027.
Gaggar said it traded at a 43 per cent discount to its risked NAV (net asset value) of 332 pence.

RusPetro Broker Views

Date Broker Recommendation Price Old target price New target price Notes

26 Mar Credit Suisse Outperform 203.90 - 332.00 Initiates/Starts

http://www.barchart.com/cheatsheet.php?sym=RPO.LS

Company website worth a good look.

http://www.ruspetro.com/operations/reserves/

RUSPETRO RPO

BoA ML

First Operational update post IPO completion provided an extremely impressive account on a number of fronts and, as a result, we raise our NAV by 60p(+20%) to 372p. The hoghest-ever unstimulated flow rate from a well on the field has been achieved at 700boe/d, and fracturing could increase the flow rate by 2-3x. Consequently, managment are upping the rig count this year from 2 to 4 rigs - 20 months ahead of original guidance of 2014E - in order to pursue this highly significant occurrence. In addition, the crucial 27km tie-in to the Transneft pipeline in already 81% complete and on schedule for commissioning in May. BoA ML reiterate BUY rec and new PO/NAV of 372p, implying c. 87% upside potential

RPO -- Our infrastructure build-out is advancing ahead of schedule to support our anticipated increased production this year. We are also delighted to be included in the FTSE 250 index.

http://www.rigzone.com/news/article.asp?a_id=116035

RPO RUSPETRO

Just a reminder before results on monday
16th.......

merrills..
Our sales focus of the day…



Buy RusPetro (75% Upside): Compelling Valuation and Rapid Production Growth



Following Alex Holbourn’s recent initiation of Russian E&P RusPetro, we take the opportunity this morning to add it to our Mid Cap 1 list of most preferred European mid cap stocks. The company is incredibly cheap, trading at US$0.84/bbl on an EV/2P basis, which equates to a 50% discount to the next cheapest Russian & CIS E&P peer under coverage, Exillon. We believe the management to be extremely competent, the asset to be under valued with significant ramp up potential, and now we are past the peak of political risk in Russia with elections all complete, we are high conviction BUYERS of RusPetro.



Why we are BULLISH Ruspetro:

Materially undervalued 2P reserves trading at US$0.84/boe: The company owns three licences containing 2P reserves of c.1.4bn boe, certified by international auditor D&M. RusPetro is currently trading on an implied EV/2P boe of US$0.84/boe versus Russian & CIS E&P peers under coverage trading at between US$1.7-2.3/boe.
Experienced management team: CEO Don Wolcott has a strong track record, having overseen a doubling of production at Yukos where he was Director of E&P Technology and Senior VP.
Rapid Production Ramp-up: Via an accelerated drilling programme of production wells; and the maximisation of individual well productivity and recovery factors via standardised production enhancement techniques, including hydraulic fracturing and waterflooding.
Good level of current production: Current production of 4.5kboe/d has grown >3.0x from a low base in mid-2010, when current management ramped up operations. We have production growing from 7.1kboep/d in 2012E, doubling to 14.3kboe/d in 2013E, and rising again by c.50% to 22.1kboe/d in 2014E.
A play on a more favourable Russian political outlook: The idea is also consistent with our more bullish stance on Russia. Indeed we see post-election protest action peaking on Thursday while strong oil is supportive for a risk on environment which we think leads to a return to inflows into the region.
Potential FTSE All-Share/250 inclusion? We will find out tomorrow evening if RusPetro has made it into the FTSE All –Share. If it has then we estimate c.5.5m shares will need to be bought.

RPO RUSPETRO

Just a reminder...

BRIEF-RESEARCH ALERT-Renaissance Capital starts Ruspetro with buy
29 Feb 2012 - 06:05

Feb 29 (Reuters) - Ruspetro PLC :

* Renaissance capital starts Ruspetro with buy rating; price target of

750P

For a summary of rating actions and price target changes on European companies:

Reuters Eikon users, click on [RCH/EUROPE]

Results day is Thursday as per the Mail item at the weekend.

This is what the RNS said earlier......

Full Year 2011 Results and Capital Markets Day

Full year 2011 results of RusPetro will be released during the week beginning the 16th April in conjunction with a capital markets day for investors and analysts

RPO RUSPETRO

Weekend Mail Article.......

POPULAR since floating at 134p in january, shares of Ruspetrohave eased from a high of 237.3p but closed 3.5p better at 198p yesterday (friday). The Russia-based explorer with assets in Western Siberia hopes to float fund managers boats at its Capital Markets Day in the city on Thursday. The £163m proceeds of the floatation is being spent on paying for the drilling across the Siberian licensed fields by 2014.

RPO Ruspetro....

Note from Credit Suiise this morning....

Upped forecast from 332p to 340p

17 Apr RusPetro RPO Credit Suisse Outperform 199.10 332.00 340.00 Retains

RPO RUSPETRO

Superb results and excelent trading outlook..

Current Trading & Outlook

RusPetro maintains its production guidance for 2012 of an exit rate of 10,400 bopd, corresponding to an average for the year of 7,652 bopd, from its current production level of 4,600 bopd. The company is comfortably on course to drill its target total of 24 production wells by year-end. It has added two further rigs to its existing roster of two, and these additions will provide flexibility in the drilling programme including the capacity to high grade its chosen well locations. Costs will fall during the year as new power generating equipment, driven by associated gas production, comes on stream.



Among its UK-listed peer group, RusPetro is unique in being focused upon a single, large-scale, onshore asset to which modern enhanced recovery methods, still under-utilised in Russia, can be applied. The Group is well-positioned to grow production rapidly, drive down unit costs, and grow reserves further from its already exceptional base. RusPetro is confident of delivering a steady increase in value for its shareholders in 2012, and beyond.



To view a video interview with Don Wolcott, CEO and Tom Reed, CFO please visit spacewww://www.ruspetro.com or access the video and transcript directly via http://merchantcantos.net/ruspetro/2012/full-year-results



The management presentation will also be available as an audio webcast from 2pm BST onwards via spacewww://www.ruspetro.com



Enquiries



Media
Patrick Handley / Natalia Erikssen, Brunswick
+44 207 404 5959

http://www.investegate.co.uk/Article.aspx?id=201204190700216330B

RusPetro trebles revenues in 2011, ups reserves
19 Apr 2012 - 07:15

MOSCOW, April 19 (Reuters) - RusPetro , the independent Russian oil company that floated in London in January, said on Thursday that it more than trebled revenues and cut core losses in 2011 as it expanded its reserves base and boosted output.

The company said that revenues rose by 209 percent to $38.7 million, while earnings before interest, taxation, depreciation and amortisation narrowed to a loss of $5.5 million in 2011 from a loss of $6.3 million the previous year.

RusPetro boosted average production by 136 percent to 2,475 barrels per day. Its proven reserves rose 30 percent to 157 million barrels, while proven and probable reserves increased 95 percent to 1.4 billion barrels.

RusPetro raised $250 million when it listed in London. Its shares have since rallied by nearly 40 percent to value the company, which has been included in the FTSE 250 mid-cap index, at just over $1 billion.


(Reporting by Douglas Busvine)

((douglas.busvine@thomsonreuters.com)(+7 495 775 1242))

Keywords: RUSPETRO RESULTS

UPDATE 1-RusPetro trebles revenues in 2011, ups reserves
19 Apr 2012 - 08:58

* Targets output of 10,400 bpd by end-2012

* Long-term target to produce 300,000 bpd - CEO


(Adds details)

MOSCOW, April 19 (Reuters) - RusPetro , an independent Russian oil company that floated in London in January, said on Thursday that it more than trebled revenues and cut core losses in 2011 as it expanded its reserves base and boosted output.

RusPetro raised $250 million when it listed in London. Its shares have since rallied by nearly 40 percent to value the business, which is included in the FTSE 250 mid-cap index, at just over $1 billion.

The company said that revenues rose by 209 percent to $38.7 million in 2011.

Earnings before interest, taxation, depreciation and amortisation narrowed to a loss of $5.5 million from a loss of $6.3 million the previous year.

RusPetro boosted average production by 136 percent to 2,475 barrels per day (bpd) in 2011. Its proven reserves rose 30 percent to 157 million barrels, while proven and probable reserves increased 95 percent to 1.437 billion barrels.

"We're currently at 4,600 barrels a day and we're ready now to start putting online and completing wells," CEO Donald Woolcott said in a video briefing.

Woolcott, a former executive at oil major Yukos, added that RusPetro expected production to end 2012 at 10,400 bpd and would drill around 24 wells. The company has completed a sales pipeline that ties it into Russia's trunk pipeline network.

RusPetro is developing territory in Western Siberia adjacent to established projects. Based on an independent evaluation, RusPetro's assets could ultimately deliver production of 300,000 bpd, Woolcott said.

Since the end of the reporting period, RusPetro has added 10 percent to its proven reserves, bringing them to 173 million barrels, while its proven and probable reserves are up by 7.5 percent to 1.545 billion barrels.

RusPetro said at the time of its IPO that it would use the proceeds of the float to develop existing operations and pay down pre-IPO debt of $444 million, according to a presentation seen by Reuters.

The company is partly owned by management including Executive Director Alexander Chistyakov, a former director of several state utility firms.


(Reporting by Douglas Busvine; editing by Jason Neely)

((douglas.busvine@thomsonreuters.com)(+7 495 775 1242))

Keywords: RUSPETRO RESULTS/