http://www.investegate.co.uk/Article.aspx?id=200803270730078790Q
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Nizhnechutinskoye NGPT
Khudayeiskoye KNG
Geotermeftegas GEOTERM
Of the 3 above NGPT is the most advanced with 244mbo P2 of which 53mbo PI.
Main resovoir has 34api light oil at 28mtrs-150mtrs.
KNG has 147mbo of reserves
GEOTERM has 2 Blocks in the Caspian Basin which has a potential resource
of 500mbo
Latest broker report.
http://www.bestsharing.com/files/Ejhy0369346/TMAN_1_.pdf.html
Well worth checking out, but be mindful its a bit iffy out their at the moment?
M/Cap at present �106m some �5m below float. 66p
.
cyril

.

Cyril, by "it's a bit iffy out there" I assume you mean in Russia? I totally disagree with you - TMAN's assets are now as safe as they can be from Russian pillage.

The Goldman 'Buy note' addresses it all.

I agree with their [strong] buy rating.

Nil Pd, i'm thinking more of the current market volatility, read that the US is on the verge of a severer recession?
cyril

Sorry, I understand your comment now! Still, I don't think the sub-prime nonsense will undermine the market long term. Overall market is in two minds about the wider impact. Oil price is another matter: could cause serious inflation of course but only if it holds $110-120+ per barrel for extended periods. Good for oil companies though..TMAN is well placed.

Regarding other oilers, is there an MTA thread over here on MoneyAM? I'm also in PANR. How about you?

PS I usually post on ADVFN

NP, Yes theirs a MTA thread, just click on search above. No i'm not in MTA now,was, s/bet but closed sometime ago,panr also held but have since sold.
I read other threads(advfn, iii's and motley fool) which helps me with research,but i post on this one.Not so much nonsence here as its usually quite.If your not in EO. well worth taking a look.
cyril

I've looked at EO. but not had enough time to research so not bought. Can you list 3 reasons to buy and any downsides? Understand if you'd just want to say "DYOR" but if you post please don't take too much time - I don't have it myself right now and confess this question is a little lazy and selfish!

Back to work!

NP goto, eo. via search above or read the latest posts on the other thread.News from the latest AGM etc.
cyril

http://www.investegate.co.uk/Article.aspx?id=200711300758028510I
Tman looks particular cheap at the minute, the SP seems to have been effected by a Warrent conversion at 47p see start and is around 57p, could drift a little
lower. However a recent MOU with a arm of Gazprom to the tune of $500m suggest theirs a lot going for this company,with news expected in very near future.
At present their are 169m shares in ciculation and they have 244mBO P2 reserves,
this works out at about 69cents per barrel (rediculous). They have spent in excess of $20m on the inferstucture ,the type of thing one does not do unless very confident? With cash in hand and Gazprom sniffing around, i believe a rerating will
in the very near future take place. amio
< http://www.investegate.co.uk/Article.aspx?id=200711080700542197H

Don't know how significant the fact that their Web site's down, good enough for me though. News expected soon so i'm taking the view that its the reason why?
At 57p i feel they are a barguin
imo
cyril

what are your thoughts on this one at the moment, when do you think the news is likely ?

From reading around, my conclusions is this is another potental IEC,their should be some news in the not to distant future from NGPT where they have built a
3100bopd facitlity.They have spent upto $60m so far and have on board Gazprom subsidury(who could invest upto $500m),which sends out a very positive message.
So we have a possible short term update but this is for me a long term investment,
much will depend upon the pipelines due to be put in place. With market sentiment along with Christmas period coming up it may drop a little lower,i\'m thinking of increasing my lot should it drop below 50p.
cyril

Yes I've folowed your comments on IEC & following your comments on BRR as well as TMAN obviously will do my own analysis but you seem to have excellent knowledge in this type of companies.

Nice1cyril, any views on PTR, appear to be similar to MXP, PTR are due to report on their reserves in the next week or so.

Just took a quick look at PTR, not for me. Reserves are imo 2 small for such a
50 M/Cap,and i see they struck oil L7 (2mtr) in Aug and the SP tanked. Compared with Tman the potential just does not appear there,not to say it won't prove up
evenually, i'd certain wait for Scotts results before comsidering what investment if any?
imo
cyril
ps I see they were lucky to raise funds around 50p, don't think those who invested are pleased?

http://www.mediafire.com/?3fr1zlj9zl
A good report on Tman along with others.
Merry Christmas everyone.
cyril

on the up again

Yes i think the pre christmas sale has run its course, onward and upwards. News
expected in the very near future of the 3100bopd facility and of course the test
results from the water injection system at NGPT should see this stock become
more reckonized and with it a serious rerating?
cyril

Good cash balance,and not too many shares for a reasonable mcap.
lets hope dilution isnt on the cards just yet?
serious money could be on the cards here.

cyril. what do you make of (ROS) ramco energy Prospects look good if all speculation come true, but who knows

Max not looked at them, so i can't comment. The one that i like but not in, is IPL
which PP is pushing, has tremendous upside if successful, also MTA and AST. These are apart from the ones i post on.
cyril

thanks cyril i will have a look,i hold some ros,missed blr,friday buy in, but looking at (pre) might be worth a gander.
max

Latest trading 2500 @60p offer
37500 @58.6p bid
Looking tasty.
cyril

Presumably all you holders of this stock will bail out at around 80p & get back in at about 50p? There doesn't seem to be any sustained growth in this stock.

Harrycat, its a 80mil plus market cap,with only 160 mil odd shares.and one of the bigger small companies on aim. and a hell of bucket of cashmwith plenty of work in progress.
don't judge the book by its cover as they say, fellow investor.

Why the cyclical trading range then, please?

Take your point, but there will always be fast turnround money merchants.a lot of warrants have been excersised of late, may that has affected sp,But im not here to try and convince you of anything.We all make informed decisions on our own research.
regards max.

HC if your looking for sustained future growth have a look at (pre) (ros) (pan)


regards max

I have great faithin TMAN for sustained growth,another SBE imo?
Other stock i would include DGO,BRR,OIL and OEX looks promising.
cyril

Opinions always welcome. Like you, I am capable of making informed decisions.
I hold this stock, though not a huge quatity, but my gut reaction is to trade within the range.
I hold about 22 different stocks, many of which I trade regularly, but it is difficult to research everything to the last detail. Hence asking questions on these BBs fills in the gaps, hopefully.
I will have a look at the others you mention, thanks.

still upward and onward, news on its way.

Yes 64.5p at this minute,and to think it was at 49p to buy what 2-3 weeks ago.
cyril

Some surprise news which may be the reason for the dismal share performance
of late?
http://www.investegate.co.uk/Article.aspx?id=200802130839218856N
cyril

Shame it doesn't actually say why the Russian Federal Subsoil Agency (Rosnedra) is contesting the exploration licence. If it (Rosnedra) wins the appeal, then TMAN are a bit stuffed in ths area.

One issue cleared up
http://www.investegate.co.uk/Article.aspx?id=200802140701329680N
cyril

Tman rose 20% today,which gives an impression that news is close? The appeal
concerning extension to the NGPT field was heard on the 21st,so perhaps the
results of the judgement have leaked out? Just speculation, but something has caused this to rise. If theirs positive news then imo this will rocket, the SP is well
undervalued at just 60 cents a barrel of P2 reserves.
57m for 191m P2 reserves of which 53m are P1, now that is what i call undervalued. The rise might also be caused by a drilling update as no news has
been forth coming since last August, only time will tell?
cyril

I'm hoping this will give the SP a boost?
http://www.investegate.co.uk/Article.aspx?id=200802291446320991P
cyril

Peeps piling in, a 50,000 has just gone through. Selftrade have for the last hour
maintained 1000 sell on line,risen about 10% since RNS, my second successful trade of the day.
cyril

Sold out this am at 39.83p, not happy with the latest RNS, will keep on my watchlist.
http://www.investegate.co.uk/Article.aspx?id=200803030702031553P
cyril

http://www.investegate.co.uk/Article.aspx?id=200803130701239984P
A positive RNS it seems begs the question why bother if not worth bothering?
Still keeping on my watch list, but a good price for the patient imo?
cyril

Sorry to bug you again, Cyril, but any chance of putting a chart in the header please?

Thanks cyril.
What a nightmare chart! Wish I hadn't asked now!!! ;o)

Harry i firmly believe that this is good thing and for those who have plenty of patience, will prove a shrewd investment. At this minute i'm fully committed with
such stock, but if the opportunity arises i will buy back.
aimo
cyril

Pardon my ignorance, but is this something to do with Tim Henman....?

Perhaps I better answer this myself ...No it's not the man....it get's worse...sorry could not resist it !

RF;no, you'll find him down the Yellow Brick Road.
cyril

Something to do with Elton John then....euhhh ! I'm losing the plot here !...Not in but on my watchlist as so to speak !

http://www.investegate.co.uk/Article.aspx?id=200803270730078790Q
cyril

Latest news should help with securing funds to enable them to lift the suspension?
http://www.investegate.co.uk/Article.aspx?id=200804100701300332S
cyril

LONDON (Thomson Financial) - "Timan Oil & Gas Plc. said it has secured a 398,000 pounds loan to satisfy short-term creditor payments, adding it continues to actively seek short- and medium-term funding solutions to enable it to continue to trade and develop its assets further.

'In addition the board is reviewing strategic options for the company which may involve a corporate transaction,' it said.

The loan was secured from Alexander Kapalin and Boris Royter, a significant shareholder in Timan and co-founder of the company with Kapalin.

Timan said that it is seeking loan and equity finance as it has not been possible to secure any bond financing in the international capital markets.

It added that, as far as it is aware, its Russian subsidiaries are currently compliant with their licence obligations but further exploration and development activities are dependent upon the resolution of Timan's financial position.

Timan's shares remain suspended on AIM."

LONDON (Thomson Financial) -" Timan Oil & Gas Plc. said it has signed a loan agreement with Kamanisk Holdings Ltd. for a 5-year loan facility of up to $100 million.

The company said it has already drawn down the first $5 million of the loan facility, which will be used to pay existing creditors and for short term working capital purposes.

Timan said it expects to drawdown the remainder of the first tranche of $50 million over the next 12 months, for the further development of the NGPT and KNG licences and ongoing administration costs."

Operational and financial highlights: 24.11.08

"Significant increase in the Group's State Registered resources under the Russian Classification:

NGPT field (Nizhnechutinskoye) registered reserves increased to 86.4 million tonnes of Category C1+C2 recoverable reserves (approximately 631 million barrels);

KNG (Khudoyelskoye area) issued with a Certificate of Commercial Discovery with recoverable reserves evaluated at 17.6 million tonnes of Category C1+C2 (approximately 112.6 million barrels);

Successful and final conclusion to the legal dispute with the Russian Subsoil Agency over Zapadno-Vodnenskoye licence and NGPT licence extension;

New loan facility of US$100 million secured from Kamanisk Holdings Limited, allowing the Group to resume development of its fields.

Resumption of trading:
With publication of Interim Results and securing of financing, trading in shares on AIM resumes today."

heading to 7/8p.

tmaan now at 7p and dropping all the time. Large companies selling stock after 7 months and no progress Credit suisse , dumping stock 22% and boris royster stake selling. tinman oil and gas worth 3p.

Dump this...it will get suspended again or even bust.

On thursday there will be 8 lots of bad data from the USA, which will effect the Uk with Tman takeing the full plunge also uk gdp ANNOUNCEDnot good again therefore Tman 3p.

but why would anyone buy it? .... rationalising about UK GDP as being a reason for the plunge is total nonsense

Not producing is a problem.....at the moment and in the near future : the risers will be the ones with production or very near production.....even though the sp is not very good at the moment : Petroneft are a better bet (PTR).....come back in 9 months and the sp will be 4 or 5 times what it is today.

usa data 9 amounts includeing
1/ durable goods, personal income, Us jobless claim, new home sales, petroleum status report, gas report, napm Chicago report, consumer sentiment, MBA applications.
Therfore the Dow Jones is going to get Hammered today with a majority of thease reports will be bad includeing the job claims and sentiment and personal income. Will effect stocks includeing TMAn a slight rise for profit today butsell off and 4p will arrive.

Danger MXP is in serious danger of going bust as the performance looks drastic shares now at 4.5p with more offloading to arrive 2p is upon us for max petroleum WARNING................................................

MOSCOW, Nov 24 (Reuters) - Trading of London-listed Russian explorer Timan Oil & Gas Plc's shares resumed on Monday following a seven-month break, and the company said its first-half net loss halved.
Shares in the firm, which asked for the suspension in late March on London's junior AIM market for smaller and mid-sized companies, were down 70 percent at 1340 GMT at 9.4 pence per share, widening losses on earlier trade.
"We are positive that the situation will pick up later," Timan Chief Executive Alexander Kapalin told Reuters in an interview.
"Small amounts are being traded, so it is difficult to judge how the company is really faring."
He added that Timan was one of the first Russian companies to be affected by the global financial crisis, prompting it to ask for the suspension while it sorted out its financing.
But Kapalin said Timan is also benefiting from cheaper materials and experienced sub-contractors desperate for work, both results of the crisis.
Timan, which has fields in the southern Caucasus region of Dagestan and Siberia's resource-rich Timan-Pechora region, said in a statement its net loss for the six months to 30 June was 2.73 million pounds ($4.07 million) versus 5.27 million pounds in the same period last year.
Revenues edged up in the first half of this year to 370,000 pounds, from 306,000 pounds, due to increased revenues from the sale of thermal water.
Timan also said that its NGPT field, or Nizhnechutinskoye, now has registered reserves of around 631 million barrels, or 834 million tonnes, and is therefore deemed a strategic asset, according to guidelines set out by the Russian state.
"This is one of the biggest oilfield discoveries in Russia... It places us among the largest of the independents," he said, adding that first production, though very minor, will come next month.
In 2011, Timan hopes NGPT will be producing 1.7 million tonnes per year.
Russia has deemed any field containing 70 million tonnes of oil, or 50 billion cubic metres of gas a strategic asset, and therefore off-limits for development by foreign firms.
CASPIAN SEA
Next year Timan will start drilling in the Caspian Sea, possibly with Kamanisk Holdings Ltd, whose main shareholder agreed last month to lend Timan up to $100 million.
"The Kazakhs have an excellent, unique experience of working in the Caspian... This could be a cooperation with Kazakh and Azeri companies," Kapalin said.
Timur Kuanyshev, through his investment vehicle Kamanisk, agreed to lend the funds in two equal tranches to pay off Timan's debt and develop licenses in the Russian Arctic.
The second $50 million tranche will be supplied subject to the company meeting reserves and production targets at Timan Pechora's NGPT and KNG, or Khudayelskoye field, within the next 18 months.
Kamanisk, which operates in Russia, Kazakhstan and worldwide in the oil and gas sector, has five years to convert the loan into a majority stake representing 51 percent.
Timan will hold its annual shareholder meeting on Dec. 8, in which it plans to outline some "concrete future plans," Kapalin said. ($1=.6706 pounds) (Reporting by Amie Ferris-Rotman; Editing by Rupert Winchester )

Could this be the next IEC?
cyril

Interesting, but they need to make a hell of a lot of progress, and to get drilling soon, the sp might drop further and there's bound to be delays, have a look at PTR : they are very much further down the line and close to production but have slowed the project down, I'll keep an eye on this one because if the figures are to be belived there is a lot in the ground but they will have a lot of debt getting it out of the ground, a farm in might be another solution for them !.

Here's a company that has reserves similar to IEC which has been valued at $2.4billion with no debt. The loan confirmation makes this a real bargain for those who are patient,
latest news.

RNS Number : 6999J
Timan Oil & Gas Plc
08 December 2008



TIMAN OIL AND GAS PLC (LSE AIM: TMAN)

Update on the loan facility deal with Kamanisk Holdings

Timan Oil & Gas PLC ('Timan' or the 'Group') is pleased to announce that as of 4 December 2008 all the necessary conditions required to draw down up to $22 million of the $100 million loan facility, secured with Kamanisk Holdings Limited ('Kamanisk') earlier this year, have been satisfied or waived. The Group and its subsidiaries will be required to grant further security to Kamanisk, as detailed in the announcement of 9 October 2008, prior to the draw down of monies exceeding $22 million.

The Group has already received $8 million of funding under the facility as of the date of this announcement.

Commenting on the initial draw downs following completion of the loan facility Dmitry Chalov, CFO of Timan, said: 'It is very satisfying for us to have completed this deal with Kamanisk and to be drawing down funds at a time when oil companies find it challenging to secure funding. We value this opportunity to finance our asset development and production programme and as the Timan is now in a position to draw down further funds, we are looking forward to working with Kamanisk towards boosting our operations in the fields.

cyril

Valued at $2.4bn maybe, but with oil at what price? NO DEBT??? They just borrowed (or will be drawing) $100m!!!
Also, at some point the $100m loan is going to have to be paid back & that could be tricky unless the price of crude increases substantially (some are talking about crude at $25 pb).

Harry; some were saying crude would hit $200,always the same,its about whether you believe we will come out of this recession imo and "when"? Whats for sure is if
we do (and i think we will)that crude will be a whole lot higher than todays price, along with many other commodities. So for those with the nerve, nows a great opportunity to get in at these silly prices.
I stated they have reserves similar to IEC,they need to drill and start producing so no, not worth 2.4billion at present , but a chance of a many multi bagger in the making? Also they have only drawn on $8m at present which will start the ball rolling, other demands will come once the need to build the pipelines etc.
aimho
cyril

Crude up over $3 today, markets riding high on Obama's spending pledge.
cyril

nice move today well done cyril.

Up 53% on the day, clearly profit taking at the end of day. Tells us that we're
still in a trader market, so some volitility expected but should slowly creap up
during 2009?
Bit miffed as TMAN along side URALS are 2 of my picks marked out for 2009
cyril

Dec 9 (Reuters) - London-listed Russian explorer Timan Oil & Gas Plc said on
Tuesday it named Zhakyp Marabayev, nominated by the company's lender, as its
non-executive chairman after David Herbert stepped down from the board.
Shares of Timan were up 10 percent at 11 pence on the London Stock
Exchange at 0853 GMT. The Russian explorer said it appointed Konstantin Ryzhkov
and Boris Litvak as new non-executive directors with immediate effect.
All three were nominated by Kamanisk Holdings, which agreed in October to
lend Timan up to $100 million.
Timur Kuanyshev, through his investment vehicle Kamanisk, had agreed to
lend the funds in two equal tranches to pay off Timan's debt and develop
licenses in the Russian Arctic.
Timan had received $8 million of funding under the facility as of Monday.
Kamanisk, which operates in the oil and gas sector in Russia, Kazakhstan
and worldwide, has five years to convert the loan into a majority stake
representing 51 percent.
(Reporting by Tresa Sherin Morera in Bangalore; Editing by Mike Miller)
Keywords: TIMAN/CHAIRMAN
cyril

It is highly recommended that Tman oil and gas will have enough cash to generate high profits with the massive projects available. A realistic share price will be over 30p soon as the suspension is lifted and everything is in the clear ready for take off only 15% sahares available buy while you can.

More than a little miffed this am, intended to increase my holding only i got
sidelined. Up 37% so far, such is life.
cyril

just bought a few--I hope I'm not the kiss of death! most of mine are disasters lately. also bought a few aey today.

Flying today,no idea why?
Still a nice change.
cyril

MM's still short of stock and the sp moving again...

higher lows and bounced nicely off rising support at 9p.....

clearance of 12p first then move up towards 20-30p range.

Any news of the KNG production licence and this will fly....with less than 15% of the sahres available, buying on the news will be a scrabble for stock and online limits reduced to 500 or so...or phone orders only!!

Almost gave up on this one,with over 5m traded today and a early trade of 650,000 made to look like a sale(9.26am), seems that mm's are keen to play it down? Definately something happening and when it goes it could fly as this is a very cheap stock.
aimho
cyril

Might be time to re-visit TMAN as they appear to have adequate funding in place.

Volume building, perhaps some news coming soon.

large volume all buyers

Steady buying today ahead of some news perhaps.

Up 20% so far today.

this looks a no brainer for next week, chart looking oh so sexy. Not sure how this has escaped my radar but i've locked on for Tuesday ;-)

kate - you may be right, but from a chart point of view, sp needs to break 200 dma with some impetus ..... the good news is that crude in NY finished up quite sharply and Dow itself certainly performed far more strongly than i expected ...... however, i still have this nagging feeling that the lemmings are indiscriminately chasing micro-minnows ever higher, and common sense (which does not always work!) says that the stick must soon detach from the rocket ..... trade nimbly here and in other such stocks would be my mantra

totally agree but let trend be your friend etc. This not got away yet half as much as others, also seems to be an interesting position they're in. More research over the weekend to ascertain how many i will be buying on Monday, just noticed the last trade on Friday was 50000 B at 17p so will probably open strongish.

that's only 8.5k so nothing to get excited about

Plenty of buys all day though. I'm liking what i see here, loads of reserves and a bombed out share price to put it bluntly. Smacks of BLVN opportunity here, yet another massacred share price on the unloved AIM market. I'll be buying Monday Mr cynic, don't get left behind on this one.

i am out golfing all day tomorrow and then flying to india wednesday night, so shall be somehwat chary of chucking new money into the ring ...... worth keeping an eye on crude price and Dow today as a guide as to what might happen tomorrow