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

@commercia: I met with the company and CEO a while back, the management are top notch and indeed very clever. There are political risks, you are right, but with RPO these are minimised first of all because of the ties to Androsov and Likhachev (latter is the ultimate beneficial owner of Limolines, which owns 29.74% of co) and also because the company (unlike a lot of of the other oil interests in the region) is split between several main founders. In Russia a lot of conflict is often personal, and this division acts as a negating effect for a controlling stake through one individual. Obviously the other risks are typical of an E&P - licence extension, production rate, execution risk (and specifically in Russia taxation rates) - but you must remember that all the brokers discount their target prices by a risk factor, which is usually around the 15% mark for this company, hence all the risks are very much taken into account.

This company is just at the beginning of a great journey with a fantastic new management, and there is so much upside (check out their CMD powerpoint for those who have access to it, graph on page 8) as they ramp up production. You think it looks expensive here but looking back in a year's time this will look like a blip on a much bigger chart, its all psychological - check out Ophir, Africa Oil recently, and Tullow - everyone thought Ophir looked expensive at 350 when it had a big one day rally, but looking back now with the sp at 570, that looks insignificant! Same with Africa Oil etc. RenCap rate this 750p (and they were underwriters/bookrunners for the company), Credit Suisse upped their target price yesterday to 345p and Mirabaud have it at 250p. Future updates will have great potential for reratings and new coverage as the stock gains traction within the oil E&P universe (watch out for IMS on 17 May)

Not performed as hoped, gf? I have been watching this one, but so far have stayed out, fortunately!

I managed to make some small profits on the rise (not in now)...as switched over to the Falklands...but everything has been knocked down....even Afren.....

Why the rise?.. whats going on here?.

Safe haven :-)

Yep cheers, plus Evil k says buy as its at bottom.

RPO Evil K says BUY at bottom and

http://www.finance-ol.com/2012/05/russia-will-cut-oil-export-duty-down-to-6-4/

Interim Management Statement.

HIGHLIGHTS

· Reserves increased

o proved oil reserves up 10% from 157m to 173m barrels
o proved and probable oil reserves up 7.5% from 1,437m to 1,545m barrels

· Revenues up 28% from Q4 2011 to $19.2 million; up 447% from Q1 2011

· Four rigs in operation

· Execution capacity expanding with key team additions in drilling, geosciences, engineering and operations

· 3 Wells now testing on Pad 1 in the North East of the field producing 51 API oil which is selling at a $9/bbl premium from the wellhead; treatment facilities being fast tracked

· Year to date average production of 4,000 bpd

· Three new wells scheduled to be completed in May

· On track to achieve production guidance of 10,400 bpd by the year end

· Strong progress on infrastructure build-out

· Inclusion in FTSE 250 index as at the end of March 2012

Superb results and outlook statement.

BRIEF-Ruspetro says Q1 2012 revenue up to $19.2 mln
17 May 2012 - 07:07

MOSCOW, May 17 (Reuters) - RusPetro PLC says:

* Proved oil reserves up 10 percent from 157m to 173m barrels;

proved and probable oil reserves up 7.5 percent from 1,437m to 1,545m barrels

* Q1 2012 revenues up 28 percent from Q4 2011 to $19.2 million; up 447% from Q1 2011

(Moscow Newsroom, + 7 495 775 12 42, moscow.newsroom@reuters.com)

Good report........

http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Melrose_Resources_RusPetro_and_Cairn_Energy/6a07e49586a1.aspx

http://www.investegate.co.uk/Article.aspx?id=201205251602431602E

gf sp seems to be in free fall?

Ohhh i love this stock so undervalued. Ill keep adding and adding.

EK must be chewing his bits!

Hes adding by the day give him a ring.

020 7835

Go on dont be frightened.

gf will he answer with his mouth full?

Good day yesterday on a roll now.

Soooooooo glad I stayed out. Very tempted but.................

gf even more undervalued!