Our personnel feature this month highlights birthday girl Faith Narey, RP's Human Resources Assistant. She is the bubbly cheerful personality that greets you when you call or when you pop into the RP office. Born in Sydney, Faith celebrated her birthday this week with her family in New South Wales. A graduate in Journalism and Media Studies from Edith Cowan University, Faith moved to Western Australia in 2000.  She dabbled in the media world for a short while only to discover that she did not quite enjoy it. As fate would have it, Faith had worked for Frances Corless, as a part time nanny while at university.  When her job in the media world did not work out, Frances, recognising her potential, recruited Faith to RP. Faith joined the company in September  last year and has not looked back since.
Belle of the SPE Ball

"One of my great joys in working at RP is the genuine nature of the staff.  We are not only work colleagues but friends and this has fostered a warm and productive environment, where we all work together," she said.

She said RP's staff have a strong work ethic and everyone in the company is committed to seeing the company develop and expand. Faith is very proud to be part of such a great team as there is much potential for learning from the people around her.

Having never been involved in the oil and gas industry, Faith said that it has been a very steep learning experience for her, however her colleagues could always be counted to rally around her when she needed help. "I'm very excited to have the opportunity to grow and progress in my career in a company like RP, " she added.

Faith is like RP's Girl Friday as she does a whole gamut of jobs around the office.  Apart from being at the reception, she works with David Callaghan and RP's web developer on maintaining and updating RP's website. She also emails consultants and contractors on new job opportunities on a monthly basis. Last but not least, Faith formats and issues the monthly RP newsletter. Faith is also currently receiving training and coaching to develop her into a recruitment consultant within RP.

A rather adventurous personality, Faith took a year off after her high school and traveled to England where she worked in a pub to save enough money to go to Europe. She said her time spent journeying around Europe in a Kombi van was one of the most amazing times of her life.

Faith loves reading and listening to Triple J but also enjoys going out with her friends over the weekend, just to do some catching up over some drinks and a meal. "I love reading and if I feel like some quiet time on my own I will quite happily spend the whole weekend with my nose in a book or I'll pull out my pencils and do some drawing," adding that she also likes cooking for her friends.

SW Ampa Study Project Concludes

The SW Ampa Deep Gas study project with Brunei Shell Petroleum was concluded on July 31st. The integrated study was kicked off in August 2006 by an RP Team made up of David Remus (geophysics), Andre Baumann (geology), Steve Adams (petrophysics), Lindsay Nairn (reservoir engineering) and Mazin Al Abdin (production technology). The Phase 1 data review segment of the study was concluded in September 2006. 

This was followed in November 2006 by Phase 2, which consisted of Concept Identification and Project Feasibility activities. RP consultants involved in Phase 2 were Steve Adams, Lindsay Nairn and Mazin Al-Abdin, working together with other Brunei Shell technical staff to come up with a robust plan to further develop the asset.

Phase 2 was successfully concluded with an Integrated Technical Review in July 2007. RP would like to thank all involved who helped in various ways to make the project a success.

Special mention goes to Jane Shim of Falah-Tek who very efficiently organised the logistics involved with mobilising and de-mobilising the RP consultants.

RP Integrated - The Value Proposition

RP Integrated provides a range of integrated consultancy services from audits and peer reviews to field development studies. Unlike other upstream consultancy companies, we prefer to work with our consultants on a project basis. That is we do not have consultants working on a permanent basis in our offices. Instead we assemble teams of technical professionals as and when project opportunities arise.

This type of working arrangement will suit skilled professionals who prefer not to get involved in the day-to-day issues that arise in normal businesses and who want to focus on delivering value to the clients on a stand-alone project basis. This working arrangement keeps our overheads down thus resulting in more returns to the consultant and the company.

To manage such teams requires good systems and processes to be in place to ensure the right focus and integration between different discipline professionals. This is achieved by the team creating a project roadmap which involves framing the objectives, work scope and methodology, and the final deliverable.

If YOU are an EXPERIENCED SUBSURFACE PROFESSIONAL and have had enough of company bureaucracy that stops you from delivering what you are best at, come talk to us about working as a CONSULTANT for RP INTEGRATED.

Crude Oil Prices

The price of Brent crude climbed back up to just over US$72 a barrel at the end of trade for August while WTI closed at just over US$73. Prices for both crudes had fallen to well below their previous levels because of concerns over that energy demands from the U.S, the world's largest energy consumer, had slumped in the wake of the crisis in the U.S sub prime mortgage market. Analysts said as many as two million households could default on mortgage payments.

WTI rose to a little above the US75.00 mark at the end of trade on Tuesday this week because of an expected shortfall in U.S crude stocks and news that this hurricane season could see a higher than normal activity level. Colorado State University has forecast a total of 15 named storms for the rest of this year's Atlantic hurricane season.

A Reuters poll showed U.S crude stocks to have fallen by 400,00 barrels due to its imports being disrupted by weather reasons. OPEC members at their meeting on September 11 are also not expected to call for an increase in supplies. The U.S government is due to present its inventory report Thursday.

 

 

Market Commentary

 

Upcoming ASX Floats

COMPANY NAME	DATE	CODE	PRICE	# OF SHARES
ACTINOGEN LTD	OCT 15	ACW	0.50	20M
ALPHA URANIUM LTD	OCT 1	AHM	0.20	50M
AMEX RESOURCES LTD	TBA	AXZ	0.20	20M
APOLLO MINERALS LTD	OCT 16	AON	0.25	32M
AUGUR RESOURCES LTD	SEP 07	AUK	.20	25M
AV0NLEA RESOURCES LTD	TBA	AVZ	0.20	12.5M
BACKREEF RESOURCES LTD	SEP 27	BKF	0.20	40M
BAUXITE RESOURCES LTD	NOV 07	BAU	0.20	25M
BEADELL RESOURCES LTD	SEPO 26	BDR	0.25	60M
BLACKGRANGE LTD	SEP 10	UNO	0.20	50M
BUCHANAN RESOURCES LTD	SEP 12	BUC	0.20	15M
BUXTON RESOURCES LTD	SEP 07	BUX	0.20	25M
CHINA CENTURY CAPITAL LTD	AUG 31	CCY	0.35	42.8M
DATASQUIRT LTD	AUG 31	DSQ	0.90	12M
EMPIRED LTD	OCT 04	EPD	0.30	1M
GBM RESOURCES LTD	SEP 21	GBZ	0.20	25M
GLOBAL IRON LTD	AUG 24	GFE	0.20	12.5M
GLOBALNET ASIA PACIFIC LTD	TBA	GNE	0.20	15M
GLOBAL NICKEL INVESTMENTS LTD	SEP 03	GNI	0.20	15M
HELICON GROUP LTD	TBA	HCG	0.20	20M
IGPA LTD	SEP 10	IPP	0.25	30M
KUTH ENERGY LTD	SEP 17	KEN	0.25	30M
LEASE COMPANY OF AUST. LTD	TBA	LCA	100.00	4M
MARGINBET LTD	AUG 29	MRB	0.20	12.5M
METMINCO LTD	SEP 27	MNC	0.20	6.75M
NEW GUINEA ENERGY	TBA	NGE	0.50	12.5M
NIPLATS AUSTRALIAN LTD	SEP 03	NIP	0.20	15M
NRW HOLDINGS LTD	SEP 05	NWH	2.00	151.5M
ODIN ENERGY LTD	TBA	ODN	0.25	60M
ONCAIDIA LTD	SEP 19	ONA	0.20	30M
RESOURCE BASE LTD	TBA	RBX	0.20	35M
REX MINERALS LTD	SEP 20	RXM	0.25	28M
SINOVUS MINING LTD	SEP 13	SNV	0.20	40M
SYRAH RESOURCES LTD	AUG 31	SYR	0.20	21M
URANIUM INTERNATIONAL LTD	SEP 20	URI	0.20	30M
WIND HYDROGEN LTD	TBA	WHN	0.20	75M
Codes are proposed ASX codes and are subject to change. Listing dates are proposed dates outlined in the  Prospectus and are subject to change. Times displayed are in Eastern States Standard Time (AEST).          Source ASX & IRESS