Ruspetro disappoints with widening losses and lower proven reserves
4th Apr 2014 16:06
Independent oil and gas development and production company Ruspetro failed to impress with its full-year results, which included a three per cent increase in average production but a four per cent decline in proven reserves. Production in the year averaged 4,797 barrels of oil equivalent per day (
Read moreLondon midday: Stocks hit two-week low on Ukraine concerns
3rd Mar 2014 11:25
- FTSE 100 at lowest intraday level since February 17th - Ukraine conflict escalates - Stocks with exposure to Ukraine, Russia hit - China manufacturing weakens techMARK 2,842.73 -2.13% FTSE 100 6,683.18 -1.86% FTSE 250 16,345.25 -2.28% UK stocks sank to their lowest levels in two weeks on Monday
Read moreRuspetro flags EBITDA leap from major Russian oil tax tweak
26th Jul 2013 10:19
Oil extraction specialist Ruspetro has revealed that its earnings before interest, tax, depreciation and amortisation (EBITDA) will be significantly enhanced by changes to Russian tax law on 'tight oil'. The small cap-listed company said new tax breaks applied to hard-to-extract 'tight oil' could i
Read moreThursday broker round-up UPDATE
11th Jul 2013 08:23
Afren: JP Morgan reduces target price from 195p to 165p and downgrades to underweight. Associated British Foods: Panmure Gordon increases target price from 1800p to 2100p upgrading from hold to buy. AVEVA Group: JP Morgan ups target price from 2300p to 2430p and retains a neutral rating. Aviva: M
Read moreRuspetro CEO keeps the faith
14th May 2013 15:48
Donald Wolcott, Chief Executive Officer of Ruspetro, the oil and gas producer, has acquired 502,947 shares taking his total holding in the company to 12.79m. The director bought the shares at 42.5p each, costing a total of £213,702. The group last month said that it is planning to restructure it
Read morePrudential Chairman keeps the faith
3rd Apr 2013 16:05
Paul Manduca, the Chairman of Prudential, the FTSE 100 life insurance company, this week showed his faith in the company with the purchase of 20,000 shares following a hefty fine levied by the Financial Services Authority (FSA) at the end of March. Manduca, who became Chairman in July of last year
Read moreRuspetro President boosts stake
27th Mar 2013 16:50
Russia-focused oil and gas group Ruspetro surged on Wednesday after its President spent over 100,000 pounds-worth of shares, yet shares are still well off levels seen last year after a tough period for the company. Ruspetro, which operates mainly in the Khanty-Mansiysk region of the West Siberian b
Read moreWife of Regus CFO buys 100,000 shares
26th Mar 2013 16:33
The wife of Regus' Chief Financial Officer snapped up 100,000 shares in the FTSE 250-listed office space firm, the company announced on Tuesday. Dominique Yates, who has been serving as the firm's CFO since August 2011, notified the company on Monday that his spouse had spent 157p-a-piece on the sh
Read moreRuspetro changes condensate production expectation for Palyanovo field
27th Feb 2013 11:01
Ruspetro, the independent oil and gas development company located in the Khanty-Mansiysk region of the West Siberian basin has published an operational update relating to its production expectations for condensate. On January 25th, the company announced its intention to bring on-line a heat exchang
Read moreThursday broker round-up UPDATE
7th Feb 2013 07:14
African Barrick Gold: Deutsche Bank shifts target price from 415p to 410p, while its hold recommendation is maintained. Ashmore Group: Canaccord Genuity moves target price from 315p to 399p and upgrades to buy. Atkins: JP Morgan takes target price from 859p to 893p and reiterates an overweight rat
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