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!

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

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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.

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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.

Salym Petroleum CPF On Stream!
22-Nov-2005
It is with great pleasure that I announce that Salym Petroleum has commenced to import oil from drilling cluster K-20 into the main Central Processing Facilities, and the flare has been lit!

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The oil flow commenced Saturday, November 19, at 11.30 Moscow time, with the flare being lit Monday, November 21, at 09:00 Moscow time. This occurred 26 months after official Project Sanction, with the project receiving Russian Federation permits from the Fire (PozhNadzor), Sanitation and Medical (SanEmpedemStantsii) and Technical (RosTechNadzor) Inspectorates to start up.

The starting of the heaters and filling of process facilities and stock tanks will take approximately 10 days, after which the booster and export pumps will start exporting onspec crude into the 90 kilometer export pipeline. Filling the pipeline will take another 2 weeks, meaning that our oil will reach the Custody Transfer Facilities for input into Transneft around December 15th. Contracts are in place!

The Bolshaya Neft event, meaning Big Oil (as First Oil was achieved a year early), will take place later this week to commemorate this event, at which time the Governor of KhMAO will officially "start" our facilities. We are preparing a video of the start-up, which will include scenes from this event, and will have the DVD ready shortly so you may enjoy the visual aspects of the start-up.

The above was achieved with SPD's reputation in Siberia being greatly enhanced by delivering on targets in a safe, environmentally and socially responsible manner. Importantly, we maintained an exellent safety record, with a TRCF performance expected to be well below target, under very demanding circumstances. Also, we managed to deliver the project thus far within 5% of the approved budget, and expect the life-cycle budget to come in as prognosed (although we have some work to do to ensure that happens!).

What we achieved was viewed as unlikely at best when SPD started on this road. Special thanks go to all the staff of SPD, who have worked tirelessly to accomplish what has been highlighted above. We still have much to do, but the path to success has been firmly put in place!


Dale Rollins
Chief Executive Officer
Salym Petroleum Development N.V.