supermono13
- 10 Aug 2005 09:48
Here's another one to keep an eye on.
Mono
Cambrian Oil & Gas PLC
10 August 2005
Cambrian Oil & Gas Plc ('COIL' or the 'Company')
10 August 2005
Geochemistry Confirms Presence of Hydrocarbons
Cambrian Oil & Gas Plc (AIM : COIL), the oil and gas exploration, development
and production company with assets in the Kyrgyz Republic announces the
completion of a wide ranging geochemistry survey in the South Karagundai and
Shink Sai prospects in its Tash Kumyr licence.
Key Points
Cambrian Oil & Gas Plc's subsidiary, JSC KNG Hydrocarbons, has now
completed a wide ranging geochemistry survey over the South Karagundai and
Shink Sai prospects in the Tash Kumyr exploration licence.
W.L. Gore & Associates has reported on the results of the survey, which
used the company's GORE(TM) Survey for Exploration, an advanced
geochemistry technology.
Over 300 modules were deployed in a grid over the two prospect areas, which
had shown clear hydrocarbon indications from an earlier screening study.
The GORE(TM) Survey suggests that several geochemical features conform to
major aspects of previous structural interpretations at the primary
Palaeogene target depths.
A number of additional positive geochemical anomalies have been
identified outside of previously identified structural features.
The results also indicate there may be additional hydrocarbons
in deeper horizons as occur in adjoining areas.
An extensive seismic survey is about to commence with the aim of
defining drillable targets.
Confirmation of the presence of Hydrocarbons within the licence area and
additional positive geochemical anomalies being discovered will assist the
Company in identifying further drill targets later in 2005.
Neale Taylor, CEO of Cambrian Oil & Gas said that 'The results are encouraging
and have been used to modify the layout of the Company's imminent seismic
survey. The results of both surveys would then be combined to gain a fuller
understanding of the geological system in the survey area. With a combined
interpretation in hand later in the year, the Company expects to identify
several drilling locations.'
Gore's report states: 'The results of the GORE(TM) Survey over JSC KNG
Hydrocarbon's licence area in the Fergana Basin in Kyrgyzstan are positive and
repeatable. Based on geochemical modelling results, the survey area shows great
promise for the presence of hydrocarbon reservoirs of both oil and natural gas.
These oil and gas accumulations are likely similar to the hydrocarbons found in
producing wells Mailisu #411 (oil) and Izbashkent #123 (gas), respectively,
which were used for comparison purposes.
Statistical modelling was extremely stable and consistent. This result may be
due to the combination of above-average mass values collected on the modules and
the unique chemical fingerprint of the subsurface hydrocarbons.
Several geochemical features conform to the Palaeogene structural
interpretations offered during the course of interpretation. The Gore survey
results suggest that the structural surface may be a hybrid of the two
structural interpretations provided by the client. Alternatively, the results
may suggest that there are hydrocarbons associated with horizons other than the
Palaeogene mapped horizons considered in this report. These possibilities could
account for differences between the geochemical interpretation and the
structural interpretations provided.'
Ends
georgetrio
- 04 Oct 2006 14:43
- 15 of 20
Cambrian Mining provides 2 mln stg loan facility to Xtract Energy
LONDON (AFX) - Cambrian Mining PLC said it has agreed to provide a loan facility to Xtract Energy PLC for 2 mln stg, at an interest rate of LIBOR plus 2 pct, repayable on demand after March 1 2007.Cambrian currently holds 54 pct of the issued capital of Xtract Energy plc.Xtract also announced that it has now completed the purchase of 19.5 pct of Wasabi Energy Limited, 18.6 pct of Aviva Corporation Limited and 28.2 pct of Cambrian Oil & Gas PLC, as announced on Sept 1.
rodspotty
- 04 Oct 2006 15:02
- 16 of 20
Hi georgetrio
At present COIL as far as I can see does not own any part of Xtract, however it does own 5% of Elko (which may be increased in the near future, also Elko own 60% of Dragon, so by default COIL own 3% of Dragon. Both Dragon and Elko are preparing to IPO in the near future ) and 12.4% of Methanol Australia ( which may increase a further 12.6%, making a total of 25%, due to COIL underwriting 50% of MEO's recent rights issue, which was very poorly taken up, due to the market falling to 17/18 cents, well below the 22.5 cents issue price. The MEO share price today is 22.5/23.5 cents) DYOR
Rodders
rodspotty
- 05 Oct 2006 01:02
- 17 of 20
Here is the link to an ''A'' yesterday on the ASX exchange confirming that COIL is now the owner of another 26,823,147 shares in Methanol Australia, previous amount 21,411,110, taking their stake in MEO to a subtantial total of 48,518,657 shares, this takes their percentage stake from 13.85% to 24.59%, OK so I was 0.41% out in my prediction....LOL
http://www.asx.com.au/asxpdf/20061004/pdf/3ytxxlrmvc126.pdf
The pieces of the jigsaw are finally coming together, will it be Elko's turn next.
Rodders
georgetrio
- 05 Oct 2006 11:44
- 18 of 20
best luck to little fish COIL.
rodspotty
- 06 Oct 2006 09:23
- 19 of 20
Final Results
RNS Number:0563K
Cambrian Oil & Gas PLC
06 October 2006
6th October 2006
AIM: COIL
CAMBRIAN OIL & GAS PLC
("COIL" or "the Company")
Results for the year ended 30th June 2006
Cambrian Oil & Gas plc, the oil and gas exploration and development company,
announces its audited results for the year ended 30 June 2006.
Operational highlights
* Commissioning of water injection at the Beshkent-Togap oil field and first
incremental oil
* Acquisition of the Toktogul exploration licence
* Exploration activities at Tash Kumyr involving acquisition of 2D seismic
and geochemistry
* Acquisition of an interest in Elko Energy Inc., an unlisted Canadian oil
and gas exploration company
Subsequent to the reporting period the Company announced further progress as
follows:
* Acquisition of an approximate 25% interest in ASX listed Methanol
Australia Ltd
* Continuing advancement of projects in the Kyrgyz Republic:
- Ongoing incremental oil from the Beshkent-Togap water injection project
and agreement to expand the project in the adjoining Togap area;
operating cash flow from first oil sales planned before year end 2006
- Seismic interpretation at Tash Kumyr shows at least two potential
drilling targets
- Exploration licences at Toktogul and Tash Kumyr have been extended in
size to cover possible target extensions into adjoining areas
* Acquisition of an interest in Elko Energy Inc.
* Funds of #1.5M raised in a placement in August 2006, to partially fund the
investment in Methanol Australia
Mr John Byrne, Chairman, commented:
"The significant opportunities presented by our investment in Methanol Australia
together with the progression of our Kyrgyz projects offer the potential to
transform the size of the Company."
For further information, please contact:
Neale Taylor Victoria Thomas
Cambrian Oil & Gas plc Parkgreen Communications
Tel: +44 (0)20 7409 0890 Tel: +44 (0) 20 7493 3713
Peter Jackson/ Paul Dudley
W.H. Ireland Limited
Tel: +44 (0) 20 7220 1666
rodspotty
- 06 Oct 2006 10:20
- 20 of 20
Cambrian Oil & Gas FY net loss 441,000 stg
LONDON (AFX) - AIM-listed Cambrian Oil & Gas PLC said net loss widened to
441,000 stg from a loss of 340,000 stg a year earlier.
Loss per share for the year to June 30 was 0.4p against a loss of 0.7p,
Cambrian said.
Chairman John Byrne said: "The significant opportunities presented by our
investment in Methanol Australia together with the progression of our Kyrgyz
projects offer the potential to transform the size of the company."
newsdesk@afxnews.com
joy/joy
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