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Cambrian Oil and Gas (COIL)     

dexter01 - 02 Mar 2005 08:36

graph.php?epic=SLV





Silvermines Media PLC
01 March 2005


Silvermines Media PLC (the 'Company')
1 March 2005


First Day of Dealings of Enlarged Share Capital on AIM
Acquisition of Zhibek Resources Plc
Change of name from Silvermines Media PLC to Cambrian Oil & Gas Plc

Silvermines Media PLC (AIM: SLV), to be re-named Cambrian Oil & Gas Plc (AIM:
COIL), a company admitted to trading on AIM on 15 July 2004 to seek acquisition
and investment opportunities, is pleased to announce its first day of dealings
on AIM today following its acquisition of Zhibek Resources Plc ('Zhibek').

The Company announced on 4 February 2005 that it had conditionally agreed to
acquire the entire issued share capital of Zhibek (including all outstanding
convertible securities) in consideration for the issue of 40,000,000
Consideration Shares and 13,333,333 Warrants. As of 26 January 2005 (being the
date on which Ordinary Shares were suspended from trading on AIM) the closing
mid-market price of an Ordinary Share was 7.5p, valuing Zhibek at approximately
3 million and Silvermines at approximately 1.7 million.

The Company has also raised 1.95 million, net of expenses, by way of a Placing
of 45,000,000 Placing Shares, undertaken in order to provide working capital for
the Enlarged Group.

Dealings in the Enlarged Share Capital consisting of 23,115,000 existing
Ordinary Shares, 45,000,000 Placing Shares and 40,000,000 Consideration Shares
commence on AIM today.

Commenting on the successful completion of the Acquisition and Placing, John
Byrne, the Company's Non-Executive Chairman, said:

'The formation of COIL now enables Zhibek to develop its strategy of oil and gas
exploration, development and production, both internationally and particularly
in the Kyrgyz Republic. It is a very exciting time for us as we continue the
development of the initial two projects - Beshkent Togap and Tash Kumyr - and
look forward to reporting our progress in the near future.'

Full details of the Proposals were set out in the Admission Document to
shareholders dated 4 February 2005. The definitions in the Admission Document
also apply to this announcement.

For further information please contact:

Cambrian Oil & Gas Plc
Neale Taylor, Chief Executive 0207 493 7671
Paul Mc Groary, Non-Executive Director 07930568160
(former Chief Executive, Silvermines Media PLC)

W.H. Ireland
Tim Cofman 0121 6162101

Parkgreen Communications
Justine Howarth/Victoria Thomas 02074933713


This information is provided by RNS
The company news service from the London Stock Exchange

**************************************************
Silvermines Media PLC
28 February 2005



Silvermines Media PLC

28 February 2005



Result of Extraordinary Meeting



Silvermines Media PLC (AIM: SLV), a company admitted to trading on AIM on 15
July 2004 to seek acquisition and investment opportunities, is pleased to
announce that all of the resolutions put before the Extraordinary General
Meeting today were duly passed.



Accordingly, the 45,000,000 Placing Shares and 40,000,000 Consideration Shares
have been conditionally allotted subject to Admission, which is expected to
occur at 8.00am on 1 March 2005 and the Company's change of name to Cambrian Oil
& Gas Plc will become effective at that time.



Upon Admission, the members of the Concert Party will own approximately 45.8 per
cent. of the Company's issued ordinary share capital (assuming members of the
Concert Party do not exercise any Warrants or Options). If all such Warrants and
Options were exercised the members of the Concert Party could be interested in
up to 53.8 per cent. of the further enlarged share capital of the Company.



Full details of the Proposals were set out in the Admission Document to
shareholders dated 4 February 2005. The definitions in the Admission Document
also apply to this announcement.



For further information please contact:


Cambrian Oil & Gas Plc
Neale Taylor 0207 493 7671
Paul Mc Groary, Non-Executive Director (former Chief Executive of Silvermines 07930 568 160
Media PLC)

W.H. Ireland
Tim Cofman 0121 616 2101

Parkgreen Communications
Justine Howarth/Victoria Thomas 0207 493 3713




This information is provided by RNS
The company news service from the London Stock Exchange
***************************************************
Silvermines Media PLC
01 March 2005


Silvermines Media PLC (the 'Company')
1 March 2005


Directorate Changes


Further to the announcement regarding first day dealings in the Company's
Enlarged Share Capital on AIM today, the Board of Silvermines Media PLC (AIM:
SLV), to be re-named Cambrian Oil & Gas Plc (AIM: COIL), announces the following
directorate changes.


Smit Berry and Haresh Kanabar have resigned from the Board as Non-Executive
Chairman and Executive director respectively, with immediate effect, to focus on
their other business activities. Paul Mc Groary will step down as Chief
Executive to become a Non-Executive Director of the Company.


In addition, the Board of the Company is delighted to appoint John Byrne, aged
55 as Non-Executive Chairman, Neale Taylor, aged 62 as Chief Executive, Jurgen
Hendrich, aged 43 and lan Ennis, aged 63 as Executive Directors, and Jonathan
Malins, aged 57 as Non-Executive Director, all with immediate effect. The newly
appointed directors are all directors of Zhibek Resources Plc.


For further information please contact:

Cambrian Oil & Gas Plc
Neale Taylor, Chief Executive 0207 493 7671
Paul Mc Groary, Non-Executive Director (former
Chief Executive 07930 568 160
of Silvermines Media PLC

W.H. Ireland
Tim Cofman 0121 616 2101

Parkgreen Communications
Justine Howarth/Victoria Thomas 0207 493 3713




This information is provided by RNS
The company news service from the London Stock Exchange












rodspotty - 04 Dec 2006 23:24 - 108 of 144

So my initial reaction to the suspension was correct, a placing.....

http://www.asx.com.au/asxpdf/20061205/pdf/3zyr40jj5nz75.pdf

http://www.asx.com.au/asxpdf/20061205/pdf/3zyr9q779qb93.pdf

http://www.asx.com.au/asxpdf/20061205/pdf/3zyr9q779qb93.pdf

Well hey, these guys have got this one away at very little discount to the prevailing price, double the price COIL paid 4 months ago and with no sweetners as far as I can see.....underlines the astute move that COIL's management made supporting MEO in the first place, think about it. DYOR


Rodders

canary9 - 05 Dec 2006 14:58 - 109 of 144

What do we make of this?

Cambrian Oil & Gas PLC
05 December 2006



Cambrian Oil & Gas plc ('the Company')
Notification of significant holding


5 December 2006


Under sections 198 to 202 of the Companies Act 1985 the following information
falls to be disclosed:

The Company has been notified that Cambrian Mining Plc no longer holds an
interest in the Company following the completion of a disposal of 53,333,333
Ordinary Shares.

The Company was also notified that Xtract Energy Plc has completed the purchase
of 53,333,333 Ordinary Shares in the Company. Xtract Energy therefore now holds
a total of 65.5% of the current issued capital of the Company.




This information is provided by RNS
The company news service from the London Stock Exchange


mcmahons - 05 Dec 2006 16:16 - 110 of 144

Xtract Energy plc
05 December 2006


5 December 2006 AIM: XTR

XTRACT ENERGY PLC
('Xtract' or 'the Company')

Completion of further investment in Cambrian Oil & Gas Plc ('COIL')

Further to the announcement made on 16 November 2006, Xtract is pleased to
announce that it has now completed the purchase of 53,333,333 ordinary shares in
COIL from Cambrian Mining Plc ('Cambrian').

Having completed this purchase, the Company now holds 202,964,102 COIL ordinary
shares representing approximately 65.47per cent. of the issued share capital of
COIL.

Cambrian has received 29,090,909 new Xtract ordinary shares in consideration for
the sale of the COIL shares to the Company and, together with its wholly owned
subsidiary Cambrian Investment Holdings Limited, now holds 292,942,500 Xtract
ordinary shares. This represents approximately 52.6 per cent. of the Company's
enlarged issued share capital. Application has been made for the new Xtract
ordinary shares to be admitted to trading on AIM and this is expected to become
effective on 8 December 2006.

Enquiries:

Xtract
John Newton 020 7409 0890
Director

Smith & Williamson
Azhic Basirov 020 7131 4000
David Jones 020 7131 4000


About Xtract Energy Plc

Xtract's prime assets are its interest in shale oil deposits at Julia Creek in
Queensland, Australia and a joint venture with the Australian research group,
CSIRO, to develop a process for extracting oil from shale deposits. The
initial validation tests, comprising small scale batch extractions of oil from
the shale, have demonstrated that recovery from Xtract's Julia Creek shales in
Queensland, Australia, would be in the order of 150 litres of light crude
oil per tonne of shale. Earlier conventional retorting experiments indicated
that the conversion of kerogen to oil yielded about 74 litres of oil per ton
of shale.

Applying this rate of yield increase to the yields of 50 - 65 litres per tonne
used earlier this year in Xtract's AIM admission document in relation to
certain of Xtract's Julia Creek leases results in estimated in-situ shale oil
resources of over 1.6 billion barrels of oil.

Other energy assets held by Xtract are:

Cambrian Oil and Gas Plc ('COIL') which is developing oil and gas assets
in the Kyrgyz Republic.

COIL has acquired 25% of the issued share capital of ASX listed Methanol
Australia Ltd ('MEO'). MEO is focused on developing a gas-to-liquids project in
the Timor Sea, approximately 275 km northwest of Darwin, Australia, in an area
known as Tassie Shoal. It has secured Australian Commonwealth Government
environmental approvals for two large scale (1.8 mtpa) methanol plants (50%
interest) and a 3 mtpa LNG plant (100%), which is the only new Australia LNG
project to receive its Commonwealth Government environmental approvals.

approximately 19.1% of Wasabi Energy Limited which has rights to the
Kallina power technology, uranium exploration interests in the Northern
Territory, Australia, interests in the newly-formed Evolution Energy joint
venture to produce bio-diesel fuel in Australia and in a coal deposit in
Canada;

approximately 18.2% of Aviva Corporation Limited with promising thermal
coal deposits in the mid-west of Western Australia.

rodspotty - 05 Dec 2006 21:38 - 111 of 144

COIL 25% (37.5% incl options)

From The Australian today

Gas junior's shares rise
Nigel Wilson, Energy writer
December 06, 2006
SHARES in Methanol Australia continued their upward march yesterday when trading resumed after the company announced a $12 million placement.
They closed at 51c each compared with a peak of 56.5c on November 23 and a low of 17c at the end of August. They were trading at 48c last Thursday.

Methanol Australia shares were put into trading halt last week and were then suspended on Monday at the company's request. The company told the exchange the placement had been made to "a number of significant Australian and international institutional investors".

Methanol Australia, in which Santos has a 16.9 per cent stake, owns the carbon dioxide-rich Tassie Shoals reservoir in the eastern Timor Sea, 12km from the large Evans Shoal reservoir.

The company has approval for a methanol plant on Tassie Shoal, but its most recent activity has been exploring its 100 per cent owned Northern Territory permit NT/P68 with the aim of defining enough gas reserves to support an export LNG project.

It was reported earlier this year that Methanol Australia wanted to explore two prospects in Epenarra, immediately west of Evans Shoal, as well as drilling the Heron-2 appraisal well.

Epenarra-1 , to be drilled in the second half of next year, is a follow-up to the Heron-1 gas discovery made by Arco in 1972, while Blackwood, also to be drilled late next year, is a target further north.

Methanol Australia said yesterday it had secured the Seadrill West Atlas jack-up rig to drill the three wells.

oilyrag - 08 Dec 2006 17:38 - 112 of 144

Hi rodders, just a quickie, you may want to look at CPNR if your not already in.

rodspotty - 08 Dec 2006 18:02 - 113 of 144

oilyrag - thanks, unfortunately completely out of funds, so stuck with COIL at least until the meo drill bit bites into the seabed of Aussie in September next year.

Rodders

oilyrag - 11 Dec 2006 10:04 - 114 of 144

Sorry to hear your tied in for the long haul, at least you got in a lot chearer than me. Unfortunately I got in when they were called Silver Mines Media and paid 10.5p each, hence the warrants. I decided to let it run and see what happens as they were talking of 100 million company then, which would have realised 1 or so per share. I think the likelyhood of that price senario has been greatly increased with their present portfolio. It would appear that my sneaky feeling was right about the SP. Still its a few years before retirement yet so nothing lost nothing gained. Good luck oily.

rodspotty - 11 Dec 2006 11:27 - 115 of 144

Morning oilyrag, I don't expect any fireworks in the short term, unless their is a bid for MEO, which is not out of the question, if things go well you could get your 10.5p back with interest sometime next year. DYOR

Rodders

sirles - 18 Dec 2006 17:06 - 116 of 144

Rodders,

Its all gone quiet on the western front. Anything pending or coming up soon do you think?

rodspotty - 19 Dec 2006 00:05 - 117 of 144

Jan/Feb 2007....

Update on operations in Outer Mongolia...LOL

Looking to float Elko Energy if market improves. If this was to get away COIL's 29% stake would be double in value.

3D Seismic results on MEO.

Rodders

oilyrag - 08 Jan 2007 14:41 - 118 of 144

Hi rodders, odd purchase just gone through of 1 share, obviously a code for someone, any ideas.

rodspotty - 12 Jan 2007 13:55 - 119 of 144

Well researched article out on COIL today, link below....

Quote - "From a share price perspective, COIL has under-whelmed the market over the past 12 months - but this could all change in a flash if MEO hits the jackpot in Australia."



http://www.proactiveinvestors.co.uk/articles/article.asp?COIL
http://www.proactiveinvestors.co.uk/


Rodders

sirles - 17 Jan 2007 15:31 - 120 of 144

Rodders,

Do you reckon that Elko will be floated soon????

rodspotty - 23 Jan 2007 13:28 - 121 of 144

sirles - would like to be proved wrong, but the market appetite for AIM placings at the moment is against an early floatation of Elko.

On the +ve side MEO is still strong, COIL's stake is valued at 10m+ and their options another 5m, whereas COIL's market cap is only 10m.

Rodders

sirles - 01 Feb 2007 11:55 - 122 of 144

Rodders,

Re: MEO Australia to Get Faster Approvals Process for Gas Projects

Why do you think that the share price of coil hasnt really changed with this news?

rodspotty - 05 Feb 2007 09:39 - 123 of 144

Have no idea, but here is another interesting tit bit...

Here is a recent excellent analyst report on MEO courtesy of a poster on another bb...

We value MEO at $1.64 on a fully risked basis!!!!!

http://www.methanol.com.au/!upload_files/attachment/MEO%2030%20Jan%2007.pdf

Looks like the issue of this caused the rise last week???

Rodders

oilyrag - 05 Feb 2007 14:21 - 124 of 144

Hi rodders, 463 traded at 3.09p this would raise less than dealing charges. Any idea who is signalling who, what?..........Also are COIL,s holdings in MEO still in the form of warrants or are they full shares. Its just that if they were warrants, this may be why no value seems to have been attached to COIL on their holding.

rodspotty - 05 Feb 2007 17:40 - 125 of 144

MEO

Coil owns 48.5m shares, which at yesterday's closing bid of 68 centsAU = 13.2m.
Coil has 42m 25 cent options, value = 7.2m Total value 20m. COIL Mkt Cap 10m.

Rodders

rodspotty - 06 Feb 2007 08:05 - 126 of 144

MEO has broken through the 70 centsAU resistance level overnight. Would not rule out a UK floatation of the exploration side of the business.

Code Last % Chg Bid Offer Open High Low Vol
MEO 0.730 6.57% 0.715 0.730 0.680 0.730 0.670 1,237,920

Rodders

mcmahons - 12 Feb 2007 08:53 - 127 of 144

12th February 2007

LONDON (AFX) - Cambrian Oil & Gas (COIL) increased in early trade, up 0.63 at 4.25, after it said it has agreed to merge with subsidiary Xtract Energy.

The exploration firm said a scheme whereby COIL shareholders will receive 9 new Xtract shares for every 10 COIL shares, resulting in COIL becoming a wholly owned unit of Xtract.

The closing mid market prices per share of Xtract and COIL on Feb 9 were 5.25 pence and 3.625 pence respectively.

This values COIL at about 14.85 mln stg (on an undiluted basis) and represents a premium to COIL shareholders of about 30.3 pct, COIL said, adding that it would recommend this scheme to its shareholders.

The scheme requires approval by COIL shareholders (other than Xtract) and the sanction of the court, they added in a statement.
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