This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Newly Listed FTSE 250 Company Is "Poised To Grow Production" Says RusPetro CEO In Video Interview

LONDON, April 19, 2012 /PRNewswire/ --

FTSE 250 recent joiner RusPetro, an independent oil & gas development and production company with assets in Russia, has today held a Capital Markets Day following their 2011 results announcement.

In a video interview with online financial broadcaster http://www.Cantos.com, Don Wolcott, RusPetro CEO, discusses the progress made since IPO, the potential for production growth and the company's future plans.

Dr Wolcott states that since IPO at the beginning of the year, RusPetro has "put in some very key infrastructure which has given [them] the ability to push costs down to be a competitive low cost operator."

CFO Tom Reed comments on the restructuring of the company's debt and reduction of OpEx. Referring to the location of RusPetro's activities in Western Siberia, one of the largest oil producing regions in the Russian Federation, Mr Reed affirms that "costs in Russia are actually relatively modest if you control them directly and accurately yourself."

Looking ahead, RusPetro's aim is to "be the low cost producer in Russia as well as harvest the prize, which is to get to that 300,000 barrels a day," states Dr Wolcott, referring to the estimated peak rate achievable from the company's reserves.

For more information and to hear an audio webcast of the company's Capital Markets Day presentation, visit http://www.cantos.com/company/RusPetro.

MerchantCantos produces in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email prnsupport@merchantcantos.com or phone +44(0)207-936-1352.

SOURCE RusPetro

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,188.67 -25.75 -0.14%
S&P 500 2,110.30 -0.44 -0.02%
NASDAQ 4,980.3820 -7.5080 -0.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs