Has anyone please got any info on this one? It was supposed to start trading again in July and then August - almost end of August and nothing!

When HC said in his Chairmans statement that 'Good news IS JUST AROUND THE CORNER' as always he was as straight as a die'. The BVI result has now got to be favourable (odds on I'd say) even the Moscow Courts are showing SOLIDARITY behind SBE and HC (After all they have a vested interest namely Moscow Oil and Gas'. Gazprom will now realise that SBE mean business. BVI positive result IMHO will lead to Gazprom either taking SBE out at a premium or SBE being taken out be a competitor namely BP who must be after a strong foothold in Russia and where best to place itself? In SBE position, thats correct. Strengthed my holding by a further 5000 shares shortly after 2.20pm today. My confidence isn't waning one iota. Again a lot of watchers but not contributors apart from the old names and may I add its good to keep seeing the old faithfulls. Good Luck but dont forget DYOR. Not ramping this share there is no need to it speaks for itself . Your either in it or not - but I'm glad i am. I'd rather be in it than out at the moment. I can only reiterate what HC states 'Good news is just around the corner.' This one is going to be the icing on the cake

Sibir Energy H1 profits boosted by higher sales, increased production
AFX


LONDON (AFX) - Oil company Sibir Energy PLC said higher sales and increased production lead to an operating profit of 18.2 mln stg in the six months to June compared with a loss of 3.5 mln the previous year.

The group's output increased to 1.41 mln barrels from 961,492 barrels, comprising a 33 pct rise in production from Magma to 1.18 mln and Evikhon's share of SPD's production of 224,337 barrels.

Sales jumped to 137 mln stg from 45.7 mln. Sales of crude oil and oil products were 739,701 and 6.6 mln barrels respectively, up from 539,663 and 2.6 mln barrels last time.

Gross profits were 216 pct higher at 25.3 mln stg and gross profits on crude oil sales rose to 9 mln stg from 5.3 mln, boosted by increased production at Magma and higher margins due to the rise in oil prices.

Commenting on its dispute with Sibneft Yugra, Sibir said its confidence in a satisfactory outcome is higher than ever after the news that Gazprom is aiming to take a majority stake in Sibneft in a 13 bln usd deal.

The dispute related to the dilution of Yugraneft's stake in Sibneft Yugra.

Yugraneft, which is controlled by Sibir Energy, helped set up the OOO NK Sibneft Yugra oil field venture with Sibneft. Since then Yugraneft's interest in Sibneft Yugra has been diluted from 50 pct to less than 1 pct with Sibneft, controlled by businessman Roman Abramovich, and associated companies owning more than 99 pct.

newsdesk@afxnews.com

ak/


Sibir Energy PLC
05 October 2005

5 October 2005

SIBIR ENERGY plc ('Sibir')

Moscow Dismisses Eight Appeals by Sibneft in Relation
to Yugraneft Indebtedness to Sibir Group

On Tuesday 4th October Moscow's Ninth Appellate Court ( 'Appellate Court')
rejected eight appeals by Sibneft against the earlier ruling of the Moscow
Arbitration Court ('Arbitration Court') on June 14th, 2005. The Arbitration
Court had ruled that Sibir, Magma and Evikhon ( both subsidiaries of Sibir ) are
owed 875 million rubles ($31.25 million ) by Yugraneft. This amount represents
96.7 percent of Yugraneft's total debt. In rejecting Sibneft's appeals the
Appellate court re-affirmed that the Sibir Group is by far the largest creditor
of Yugraneft thus safeguarding the status of the court appointed independent and
external administrator.

Commenting on the ruling, Henry Cameron, Chief Executive of Sibir said,
'Sibneft's attempts to annul legitimate loan agreements between Yugraneft, Sibir
and its subsidiaries were designed to procure the liquidation of Yugraneft.
Yesterday's Appellate Court decisions yet again frustrate Sibneft's attempts to
make irreversible its fraudulent dilution of Sibir and Moscow Oil and Gas
Company's rightful 50% interest in Sibneft Yugra.'

Enquiries to:

Henry Cameron, CEO
Moscow +7 095 792 3045

Sibir Energy says Moscow appeals court rejects Sibneft appeals
AFX


LONDON (AFX) - Sibir Energy PLC said the Moscow Ninth Appellate Court has rejected eight appeals by its rival Sibneft against an earlier ruling of the Moscow Arbitration Court that Sibir and its subsidiaries Magma and Evikhon are owed 31.25 mln usd by Sibneft subsidiary Yugraneft.

Sibir said that in rejecting Sibneft's appeals, the court had re-affirmed the fact that the Sibir Group is by far the largest creditor of Yugraneft. Sibir and its subsidiaries are owed 96.7 pct of Yugraneft's total debt.

Sibir chief executive Henry Cameron said that Sibneft's attempts to annul loan agreements between Yugraneft, Sibir and its subsidiaries were designed to bring about Yugraneft's liquidation.

The ruling is the latest development in a long-running dispute triggered by the dilution of Sibir's stake in the Sibneft Yugra oil field project.

newsdesk@afxnews.com

har/cw

Shell and Gazprom Sign MoU for Share Swap
07-Jul-2005
Shell and Gazprom sign Memorandum of Understanding to swap shares in Zapolyarnoye-Necomian and Sakhalin-2 projects

--------------------------------------------------------------------------------




Alexey Miller, Chairman of the Management Committee of Gazprom, and Jeroen van der Veer, Chief Executive of the Royal Dutch/Shell Group of Companies, signed a Memorandum of Understanding in London today regarding a swap of shares in Zapolyarnoye-Neocomian and Sakhalin-II projects.

The swap is strategically important to both parties. The Memorandum of Understanding sets out the high level principles of a transaction through which Gazprom would acquire up to 25 per cent plus one share in the Sakhalin II venture, and Shell would acquire a 50 per cent interest in the Zapolyarnoye Neocomian field. The difference in value, to be defined by the parties, will be compensated through a package of cash and other assets to be agreed by the parties.

Preparation for the execution of the swap will be coordinated by a steering committee and joint working groups. The steering committee will consist, on principles of parity, of representatives of Gazprom and Shell. According to the Memorandum, the parties intend to commence due diligence and evaluation on their respective assets and finalize the definitive arrangements for the transaction in 2006.

"In pursuit of its strategy, Gazprom becomes a player in the LNG sector and enters new markets. The document signed today opens the way for Gazprom to become in the nearest future a large shareholder of a fast growing project for hydrocarbons development, LNG production and sale to strategic markets in North America and Asia-Pacific Region," said Alexey Miller after the signing ceremony.

"We welcome Gazprom as a great Russian partner in the Sakhalin II project and are confident Gazprom will make significant contributions towards maximizing the long term value of the project. Joint development of the Zapolyarnoye-Neocomian field will build on our position in Western Siberia, where we already have our successful Salym project. Today strengthens the good relationship between Shell and Gazprom and is a basis for further cooperation on integrated gas projects both in Russia and internationally," said Jeroen van der Veer.


ENQUIRIES:
Shell International Media Relations +44 (0) 20 7934 6238/3453/3277
+31 70 377 8750
Gazprom Media Relations +7 095 7191077

Looking at this article again, I still see Shell as a more probable buyer of SBE.
This would suit Gazprom.

http://www.spdnv.ru/en/


In case anyone didn't know about this link .

Why the Bomb at 3pm???

Cannot find anything

Why drop of 25 pence,are we being told fodder up to now,is this going to collapse,any views.

No real clues on the trades list. A lot of marketmakers trades but could be normal market reaction to oils going down. Not found any basics to account for the " drop "

What is due to happen next,any views .

NEWS JUST IN

Fill yer boots in the morning a gusher of a day expected now all appeals have been knocked on the head.

BVI result awaited - Pipe connection date imminent - New acquisitions will be made as per HC comment. $31.25million bad debt to be sorted hopefully via Gazprom/Sibnefts acknowledgement/honouring of the Yugra debt.

11/10/2005
20:59 Moscow Arbitration Court dismissed Sibneft petition for appeal against the Court ruling reversed the meeting's decision of Yugraneft creditors.

--------------------------------------------------------------------------------

On October 11, Arbitration Court of Moscow has dismissed petition for appeal of Sibneft against the Court ruling on September 8, 2005 reversed the meeting's desicion of Yugraneft creditors, Sibir Energy informed.

The Court has also dismissed Sibneft appeal against the Court ruling on September 8 in accordance to which Sibneft was rejected to grant a petition to discharge Yugraneft manager based on the decision of creditors meeting held on August 1, 2005.

On Tuesday 4th October Moscow's Ninth Appellate Court rejected eight appeals by Sibneft against the earlier ruling of the Moscow Arbitration Court on June 14th, 2005. The Arbitration Court had ruled that Sibir, Magma and Evikhon ( both subsidiaries of Sibir ) are owed 875 million rubles ($31.25 million ) by Yugraneft. This amount represents 96.7 percent of Yugraneft's total debt. In rejecting Sibneft's appeals the Appellate court re-affirmed that the Sibir Group is by far the largest creditor of Yugraneft thus safeguarding the status of the court appointed independent and external administrator.

http://www.akm.ru/eng/news/2005/october/11/ns1557222.htm

B/one, if all appeals etc. thrown out in court by Sibneft vs.Sbe in Moscow ,how no RNS, any views

When is the News Release for this Jump???? BANKONE???

Is jump today to do with oil pipe connection news or court news,any views.

Just checked with People in the Field , and the Pipe connection is not their yet.

It seems there is an article in today's Times that the jump in SBE is because of an unrelated acquisition by Urals Energy but which highlighted the price of oil in Russia and indicated how cheap SBE was. Broker indicative price is now in excess of
4.

WDIK, PDYOR.

camlad

-12% , Whats the News????

Is this a tree shake or some hidden disaster,B/ONE,where are you.

phoned around the field and no clues!!!. Bought in some more , in case of a bounce!

From Moscow Times Today!!!


Sibneft Refinery Decision


Oil firm Sibneft claimed control of one of Russia's largest refineries together with its partner Tatneft on Tuesday, citing a favorable court decision.

A Sibneft spokesman said that Sibneft's and Tatneft's combined stakes in the Moscow refinery had risen to 56 percent of voting shares from less than 50 percent following a court decision to ban the refinery from paying dividends on preferred shares out of 2004 results.

Under Russian law, preferred shares become voting shares if dividends are not paid. The ruling could be a blow for Sibir Energy, which has a 45 percent interest in the Moscow Oil & Gas Company. MOGC, which has had control of the plant up to now, is majority owned by the city of Moscow. (Reuters)

Anyone know whu the incrase in SP today?

Pipe-line official opening on Friday is the rumour.

is it rumours about that russian oil co looking for takeoVer targets im out of these soon as im able to much politic and coruption they haVe to contend with.