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

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.

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

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

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.

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

Rodders,

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

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

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

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

Rodders,

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

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

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?

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

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.

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

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

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.

12 February 2007

CAMBRIAN OIL & GAS PLC

('COIL')

Scheme of Arrangement

The boards of Xtract and COIL are pleased to announce that they have reached
agreement on the terms of a recommended proposal for COIL shareholders (other
than Xtract) to acquire shares in Xtract for shares in COIL by way of scheme of
arrangement under section 425 of the Companies Act 1985 (the 'Scheme'). The
Scheme requires approval by COlL shareholders (other than Xtract) and the
sanction of the Court. Xtract currently holds approximately 64% of the current
issued share capital of COIL.

Highlights

Under the proposed terms of the Scheme, COIL shareholders will receive
9 new Xtract shares for every 10 COIL shares. The closing mid market prices
per share of Xtract and COIL on 9 February 2007 were 5.25 pence and 3.625
pence respectively.

Based on these closing mid prices, the Scheme:

Values each COIL share at 4.725 pence; and

Values COIL at approximately 14.85 million (on an undiluted basis); and

Represents a premium to COIL shareholders of approximately 30.3%.

The directors of COIL unanimously recommend COIL shareholders to vote
in favour of the Scheme.

The COIL board believes that COIL shareholders will benefit from:

Exposure to a more diversified asset portfolio;

Additional management expertise;

Removal of the multiple holding company discount on COIL's associated
investments, especially its major investment in MEO Australia Limited (MEO);

A broader institutional shareholders base;

Improved access to funding, particularly in regard to COIL
participating in any future major funding for MEO's planned drilling program,
which starts later this year; and

Potential for increased liquidity through the exchange of their COIL
shares for Xtract shares.

The Xtract board believes Xtract shareholders will benefit from:

Entry into the Australian Oil and Gas industry through COIL's holding in MEO;

COIL becoming a wholly-owned subsidiary which will allow it to
consolidate 100% of the future cash flows from the operations of COIL;

The potential unlocking of value through the removal of the double
holding company discount on COIL's associated investments; and

Overhead and management synergies.

Commenting on the Scheme Neale Taylor, Chief Executive Officer of COIL, said:

'The Scheme presents shareholders with the opportunity to receive an immediate
30% premium to the current share price and to hold stock in a larger company
with a broad asset base and diversified portfolio of assets while still
participating in the existing COIL story.'

Also commenting on the proposed acquisition, John Newton, Chief Executive
Officer of Xtract, said:

'This is a significant step for Xtract to build a direct stake in the Australian
Oil & Gas industry and participate in the MEO gas to liquids project, the Tassie
Shoal Methanol Project and the Timor Sea LNG project.

The Scheme has the support of the COIL board who have recommended that COIL
shareholders vote in favour of it. We believe that both Xtract and COIL
shareholders will benefit from the consolidation which should create a stronger
combined company'.

The Scheme

The Scheme extends to:

1. all the existing issued ordinary shares of 1p each in the capital of
COIL;

2. any further COIL shares which are issued after the date of the Scheme
document to be posted to COIL Shareholders and before 6.00pm on the date of the
meeting of the COIL shareholders convened by order of the Court pursuant to
section 425 of the Companies Act 1985 and the Extraordinary General Meeting of
COIL convened to approve and implement the Scheme (the 'Voting Record Time')
including shares issued arising from the exercise of options and warrants; and

3. any further COIL shares issued at or after the Voting Record Time and
before the making of the relevant Court order either on the terms that the
original or any subsequent holder thereof shall be bound by the Scheme or in
respect of which the holder shall have agreed in writing to be bound by the
Scheme.

Based on the closing mid price of a COIL share of 3.625 pence on 9 February
2007, the Scheme values COIL (on an undiluted basis) at approximately 14.85
million and each COIL share at approximately 4.725 pence. This represents a
premium for COIL shareholders of approximately 30.3% based on the closing mid
price of 5.25 pence per Xtract share on 9 February 2007, being the last business
day immediately preceding this announcement. Implementation of the Scheme would involve the issue by Xtract of up to approximately 100.17 million new Xtract
shares for the existing issued COIL shares (representing approximately 15.2% of
Xtract's issued share capital as enlarged by this issue).'

The Scheme, which will be subject to the conditions and further terms set out
below and to be set out in Scheme Documentation to be despatched to COIL
shareholders in due course (as required by the Companies Act), will be effected
on the following basis:

1. COIL shareholders will receive 9 Xtract Ordinary Shares for every
10 COIL Shares they hold. This represents an approximate premium of 30.3% based
on prevailing market prices.

2. Any 3p COIL warrants which are not exercised prior to the Voting
Record Time shall cease and determine in accordance with their terms.

3. For those COIL options and 3p warrants which are not exercised prior to
the Voting Record Time and which under their terms do not cease and determine if
they are not so exercised, following the completion of the Scheme, Xtract will
procure an amendment to COIL's Articles of Association which will entitle such
COIL option and warrant holders to receive Xtract shares upon exercise of such
options and warrants at the same ratio as in paragraph 1 above.

Conditions of the Scheme

Xtract and COIL agree that the sanction of the Court in respect of the Scheme
will only be sought if:

1. No Material Adverse Change

since 30 June 2006, save as otherwise disclosed, no event, change or condition
has occurred or become known to Xtract where that would have or could be
reasonably expected to have a material adverse effect on the business, assets,
liabilities, trading or financial position, profitability or prospects of COIL
('Material Adverse Change').

2. No Material Acquisitions, Disposals or New Commitments

since 30 June 2006 (other than in relation to the purchases of
interests in Elko Energy Inc and MEO):

COIL has not disposed of or acquired any assets or businesses,
or offered or agreed to announce any acquisitions or disposals, for an amount in
aggregate of 0.5 million (or in the case of disposals, where the book value was
in aggregate greater than 0.5 million);

COIL has not entered into or offered or agreed to enter into, or
announced any arrangement which required expenditure, or the foregoing of
revenue, by COIL of an amount in aggregate of 0.5 million;

the business of COIL has otherwise carried on in the usual and
ordinary course.

3. Consequences of the Scheme

save as otherwise disclosed, no provision of any agreement to which
COIL is a party or by which COIL or any part of its assets may be bound would,
as a consequence of the Scheme, result in a Material Adverse Change.

4. Issue of Equity

from the date of this announcement there is no further issue of equity
by COIL save for the issue as a result of the exercise of existing warrants or
options.

5. Xtract Consents

any consents required by Xtract under any existing contractual
arrangements or otherwise are granted.

The above represents the principal conditions but is not intended to be
exhaustive. Detailed documentation will need to be drafted by way of a scheme of
arrangement to be approved by the COIL board and its advisors prior to
submission to the Court and posting to COIL Shareholders.

The City Code on Takeovers and Mergers ('the Takeover Code')

As has been previously announced on 17 August 2006, although COIL is
incorporated in England, the place of central management of COIL is currently
located outside the UK, the Channel Islands or the Isle of Man since the main
place of business of COIL is in Australia. The majority of Board meetings are
held outside the UK, the Channel Islands and the Isle of Man and the majority of
the Board are resident outside the UK, the Channel Islands and the Isle of Man.
Accordingly, as COIL is a company to which paragraph 3 (a) (ii) of the
Introduction to the Takeover Code does not apply, the Panel on Takeovers and
Mergers has confirmed that COIL is not subject to the Takeover Code and
Shareholders will not be afforded any protections under the Takeover Code.

Recommendation

The directors of COIL have reached agreement with Xtract on the terms of the
Scheme. The directors of COIL unanimously recommend that COIL shareholders vote
in favour of the Scheme.

General Procedure of the Scheme of Arrangement

The basic steps required to implement a scheme of arrangement are as follows:

1. COIL shall apply to Court for an order that a meeting of COIL
shareholders excluding Xtract be called.

2. if the Court agrees, it will order that the appropriate COIL
shareholder meeting is held. If a majority in number and 75% in value of the
COIL shareholders (other than Xtract) present and voting at the meeting agree to
the arrangement and it is also approved by the Court, then it is binding on all
the COIL shareholders whether or not they voted in favour or voted at all and on
COIL.

3. for the Scheme to have effect, a copy of the Court order shall
be delivered to Companies House.

Enquiries in relation to Xtract please contact:

Xtract Energy plc John Newton, CEO +44 (0) 20 7409 0890

Smith & Williamson Corporation David Jones +44 (0) 20 7131 4000
Finance Ltd Azhic Basirov

Enquiries in relation to COIL please contact:

Cambrian Oil and Gas plc Neale Taylor, CEO +44 (0) 20 7409 0890
Paul McGroary, Director + 44 (0) 79 3056 8160

W.H Ireland Limited Paul Dudley +44 (0) 20 7220 1666

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 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:

Approximately 64% of Cambrian Oil and Gas Plc ('COIL') which is
developing oil and gas assets in the Kyrgyz Republic. COIL also owns
approximately 22% of the issued share capital of ASX listed 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 15% 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 18.6% of Aviva Corporation Limited with promising
thermal coal deposits in the mid-west of Western Australia.

About Cambrian Oil & Gas Plc

COIL has a portfolio of interests in Central Asia, China, the North Sea and
Australia.

The Kyrgyz interests held through the Company's wholly owned subsidiary Zhibek
Resources Plc include a production sharing agreement with Kyrgyzneftegaz to
instigate a water injection project on the Beshkent-Togap oil field, a 72%
interest in JSC KNG Hyrdocarbons, which holds several exploration licences in
the Tash Kumyr area and 100% interest in the Toktogul exploration licence.

COIL also holds approximately 22% of MEO. MEO has successfully completed the
acquisition of new 2D and 3D seismic data over Epenarra, located in MEO's 100%
owned Exploration Permit NT/P68 in the Timor Sea. The Epenarra structure is a
broad, low relief anticline with mapped closure of approximately 1,200 square
kilometres, located entirely within Australian waters. The data has been
acquired to confirm optimal well locations for the Heron-2 appraisal well and
production test on the Epenarra structure and the Blackwood-1 exploration well.

MEO intends drilling up to three wells (Heron-2, Blackwood-1 and potentially
Heron-3) in the Permit area and has secured a new jack-up rig to undertake the
drilling. The rig is expected to arrive on location in August 2007.

COIL also holds approximately 33.5% of the issued capital of Elko.

Elko, an oil and gas exploration company, has been awarded a 5,400 square
kilometre exploration and production licence in the Danish North Sea Sector,
which it holds with an 80% interest. The remaining 20% is held by the Danish
State, which has a direct and full working interest. Phase I of the technical
studies has been completed. Following further ongoing technical work it is
planned to farm down Elko's interest during 2007 in exchange for future seismic
and drilling obligations being paid for by a new partner.

Elko also owns approximately 40% of Dragon Energy Inc., a private Canadian
company with a significant development project in Gansu Province, China
('Dragon'). Dragon has signed a Joint Venture Agreement with a provincial
subsidiary of CNPC of China, the 10th largest oil company worldwide, providing
for the re-development of the Maling Oilfield in Gansu Province, China.

In the year ended 30 June 2006 COIL made a loss of 0.4 million and net assets
at that date were 3.6 million.

Article in Oilbarrel this morning.....

http://www.oilbarrel.com/home.html

Quote ''All of this, of course, needs confirming by the drillbit - and thats due in August when MEO plans to spud the first of up to three wells on the structure. Those wells are Heron-2, Blackwood-1 and, possibly, Heron-3. The results of these wells will be eagerly awaited by investors as the sheer scale of the resource, if confirmed, could catapult Cambrian - and now Xtract - into a different league. ''

Rodders

COIL owns 22% of this project, drilling starts, late August early September this year......

MEO Australia Limited has announced that initial interpretation of the new 3D seismic has further increased the estimates of potential gas resources in its wholly owned permit, NT/P68.

This increase relates to better definition of the conventional Elang/Plover Formation plays -Heron North and Heron South.

The Managing Director of MEO Australia Limited, Chris Hart said this was an extremely positive finding as the combined Heron North and South prospects potential mean (P50) gas in place resource had increased by approximately 65% from 3.3 Tcf to 5.5 Tcf.

Mr. Hart said MEO now regards that the Heron 1 well was not only a discovery of hydrocarbonsm in the Darwin Formation (Epenarra), but also the deeper Elang/Plover Formation prospects (Heron North and Heron South).

Given the advanced stage of planning with our secured Commonwealth environmental approvals for the companys gas conversion projects, the Timor Sea LNG and the Tassie Shoal Methanol projects, the company has extraordinary versatility to commercialise gas from different reservoirs with a range of gas qualities, including varying carbon dioxide levels in the gas.

MEO appraisal drilling will commence in September 2007. Mr. Hart said it was now likely that the first well would target both Epenarra and Heron North. The second well would target the Plover Formation in the Blackwood prospect.

MEO has contracted the West Atlas jack-up rig to drill up to three wells in NT/P68.

Rodders