$Rig's Platinum Penny Alerts

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Mention of SPRL .0026/.0028 here

Sep 04, 2007 (M2 PRESSWIRE via COMTEX News Network) --
RBC update: The Board of Directors of Gazprom Neft will consider the
approval of a joint venture with LUKoil today. All the necessary
documents have been prepared, LUKoil's Vice President Ravil Maganov
told journalist today. He added that a representative of LUKOil will be
the new company's chief for the first five years. Both companies are
expected to contribute part of their existing assets to the joint
venture. Maganov also said that the new company will participate in
various tenders.
Aton Capital has maintained it's "buy" rating on Lukoil with a target
price of 88. On August 30, 2007, the BoD meeting of Lukoil (LKOH) was
held to address the company's H107 preliminary results and YTD
execution of the budget. The company's investment program for 2008 will
amount to $10 bln. A decision was adopted at the AGM to add a provision
to the charter about 85 mln authorized shares, which accounts for 10%
of the total number of Lukoil shares. Aton Micro Strategies, a pilot
division of Aton Research, has also initiated coverage on Strat
Petroleum (OTC: SPRL) with an initial "buy" rating and a target price
of .11 based on acquired reserves and several pending Russian related
cooperation contracts.
The net profit of TNK-BP International Ltd. Under US GAAP dropped 30
percent to $2.03bn in the first half of 2007 compared to the same
period a year earlier, the company's official documents state. Sales
revenue edged down 6.2 percent from $18.02bn to $16.9bn. Pretax profit
went down 30 percent to $2.872bn in the first six months of 2007
against $4.126bn in January-June 2006. The company's assets increased
by 5.3 percent and amounted to $24.85bn as of June 30, 2007. TNK-BP
forecasts that its oil output will reach 73m tonnes in 2007 (including
Slavneft's production). Meanwhile, the company's output is projected to
edged up 1-1.5 percent in 2008.
Rosneft is preparing to issue 3 ruble-denominated bonds for a total of
Rub 45 bln, a source close to the bond arrangers told Interfax-AFI.
According to the same source, the issues will be equal in terms of
volume, with the first scheduled for flotation by the end of 2007 and
the other two in 2008. Maturity of the fixed-income instruments will
not exceed 7 years. Investment company Troika Dialog, Gazprombank and
VTB were appointed as bond arrangers.
Investment bank UBS has raised its target price for American Depositary
Receipts (ADRs) issued by Golden Telecom from $43.40 to $72.00 per
receipt, the bank said in a note. The recommendation on the stock was
lifted from Sell to Hold. UBS revised its forecasts for Golden
Telecom's financial indicators and incorporated Corbina Telecom into
its valuation model. Based on the revisions, the new target price for
Golden Telecom's ADRs came to $72.00, which implies 6% upside to the
current stock valuations and a Hold recommendation.
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