Power Hedge
Macro, energy, alternative energy, contrarian

Ruspetro Could Greatly Benefit From New Russian Tax Regime But Caution Is Urged Due To Debt

Ruspetro plc (OTC:RUSPF) is a small, independent oil and gas producer headquartered in London, U.K. but operating primarily in Russia. This setup gives investors the transparency enjoyed here in the developed markets of the west while giving exposure to the vast oil deposits in West Siberia. Indeed, Ruspetro does possess massive oil reserves given its size. In a presentation given on November 21, 2013 at the Tudor Pickering Holt Global Shale Seminar, Ruspetro stated that it has total proved and probable reserves of 1.656 billion barrels of oil and 970 billion cubic feet of gas. Much of this is tight oil located in West Siberia's vast shale oil deposits, including the massive Basenhov formation.

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