this might be worth a look , read the RNS from this morning.

Silvermines Media PLC
04 February 2005


For immediate release: 4 February 2005


Silvermines Media Plc
('Silvermines' or 'the Company')

Proposed Acquisition of Zhibek Resources Plc
Approval of waiver to be granted by the Panel on Takeovers and Mergers
Proposed change of name to Cambrian Oil & Gas Plc
Placing of 45,000,000 Ordinary Shares of 1p each at 5p per share
Proposed issue of Warrants
Silvermines to hold Extraordinary General Meeting on 28 February 2005


Key Highlights

Silvermines has conditionally agreed to acquire the entire issued share
capital of Zhibek in consideration for the issue of 40,000,000 Ordinary
Shares at 5p each and the proposed issue of 13,333,333 Warrants

At a closing mid-market price of 7.5p per Ordinary Share on 26 January
2005, the date on which the Ordinary Shares were suspended from trading on
AIM, the acquisition values Zhibek at 3 million and Silvermines at 1.7
million

Placing through W.H. Ireland to raise 2.25 million gross (1.95 million
net) for working capital for the Enlarged Group

Proposed change of name to Cambrian Oil and Gas Plc

Under the AIM rules, the acquisition constitutes a reverse takeover and
requires shareholder approval at an EGM

The Directors and major shareholders, representing approximately 69 per
cent. of the existing Ordinary Shares in Silvermines, have irrevocably
undertaken to vote in favour of the proposed Resolutions

Enlarged Group will comprise the oil and gas exploration and development
assets of Zhibek, currently located primarily in the Kyrgyz Republic

Full details of the Proposals are attached

Copies of the Admission Document posted to Shareholders today are available from
W.H. Ireland, 26 Bennetts Hill, Birmingham B2 5QP. Suspension of the existing
Ordinary Shares is expected to be lifted following publication of this
announcement.



For further information please contact:

WH Ireland Silvermines Media PLC Parkgreen Communications
Tim Cofman-Nicoresti Paul Mc Groary, Chief Executive Justine Howarth / Victoria Thomas
+44 (0) 121 665 4615 +44 (0) 7930 568 160 +44 (0) 20 7493 3713

Found this on CBM website, i can`t remember if it was in the RNS. the article is dated 11/03/04, and they to drill low risk low cost within 12 months, that`s any time now!
dexter

********************
Cambrian Mining Plc Acquisition
11.03.04

Cambrian Mining Plc (Cambrian) has subscribed 391,370 for 5 million new ordinary shares in Zhibek Resources Plc (Zhibek) at a price of 7.8 pence each and 2 million options to purchase new ordinary share in Zhibek at an exercise price of 20p. This will represent 48.08% of the enlarged capital of Zhibek following the acquisitions below.

Zhibek has been created to pursue oil and gas exploration and production in Central Asia. Initial activities will focus on two projects in the Kyrgyz Republic. These projects have been chosen to provide early production and cash flow plus a low risk exploration opportunity where drilling is planned within 12 months.

The projects are being acquired from Action Hydrocarbons Limited (Action) which is an unlisted Australian public company and has held oil exploration interests in the Kyrgyz Republic since 1999. Under the proposed arrangement Action will assign its interest in 2 projects to Zhibek:

A water injection project on the Beshkent Oil Field on the southwest margin of the Fergana Basin, which is a major producing region in Central Asia.
An exploration license with a program leading to drilling of a series of wells on a mature prospect on the eastern margin of the Fergana Basin.
Zhibek will be led by Neale F Taylor (B.Sc (Appl Geology), MS (Pet Eng), MBA, FAICD). Neale Taylor has over 30 years technical, operating and commercial experience in oil and gas exploration and production, development planning, acquisition and joint venture management with Esso and Nexus Energy in Australia. He is a Non-executive Director of ASX listed Tap Oil Limited. He is a member of the Society of Petroleum Engineers and a Fellow of the Australian Institute of Company Directors.

It is planned to list Zhibek on AIM during 2004. Cambrian shareholders will be given priority in any issue.


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

dexter,
I have just sent CBM an email, I will post it if I get a reply but wont hold my breath!!
Have you ever been on one of moneyAm's trading days?
wilbs

wilbs,
no i have`nt, i`ve only been trading as such for a about a year or so.
the trouble is anything that is going on usually means a long trek, ah the joys of living in the sticks!!.
dexter

dexter,
like yourself I have only been trading properly for just over a year. I want to learn more so think I will sign up. I just got an email from CBM saying they have recieved my querey and will reply shortly.
wilbs

two large T trades 900k and 1m i think are both buys, delayed fromjust before the price ticked up.
dexter

up up and away to the name change, then strap yourselves in!!!

Im in with three tranches 19000,19100,25000 --- Good Luck to all!

It may also be getting a helping hand from the gold price doing
well currently reflecting on the silver price - worth keeping an
eye on the silver price if you don't already.

stockbunny,
SLV has nothing to do with silver mining, it`s changing it`s name to Cambrian Oil and Gas on 28th Feb, at the moment it`s just a shell.
Dexter

this is an oil company....! i do agree with you though, i always have silver on the old screen...

Sorry - shows what happens when you go by a thread name and not
research it from there. Good luck with it! :>)

Morning all,
I think we could be in for another rise today, the EGM only being a week on monday. IMO when the EPIC changes to COIL it will fly, just look at the other resource stocks, a lot of them being only shells. At least COIL will have reserves and probable reserves.

Dexter

agreed...such a small cap. any ideas of the revenues from existing reserves?

This Monday ?

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

There is some large trades, buys and sells, going through today, tomorrow IMO it will be noticed a lot more with the name change.
Dexter

this was posted on the other side by someone who went to the EGM.

*************************
Went to the EGM today. As you know all resolutions passed. Neale Taylor outlined the strategy going forward which is prety much the same as identified in the admission document

1. Water injection project which now thay have cash will move over the next few weeks. Bear in mind this is experimental and there may be disappointments (my words here). It is purely to demonstrate good coopoeration with the Kyrgyz companies and if successful will generate some early cash flow.
2. Exploration. The seismic will carry on in the Karragunda area. Don't expect results from that for some weeks.
3. Corporate. There is some deal being workd on with a Russian private company. Discusssions etc proceeding.

Also remember any oil projects that come Cambrian's way are being passed to COIL for first refusal. Because they operate now in so many places and have an excellent reputation, you should expect something to come from this. Effectively this could be global.

I guess we will see some news within the month.

this should be interesting tomorrow!, let`s see what the market makes of another E&P co. with some prospects!

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

I know this is`nt a fortune, but it still shows confidence IMO.
**********************
Silvermines Media PLC
01 March 2005


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


Directors Dealings

The Company has today been notified that Mr Paul Mc Groary, a Non-Executive
Director of the Company, together with his wife, Tipakorn Anuvatnujotikul have
today purchased 54,000 ordinary shares of 1p each in the Company at 9.25p
('Ordinary Shares').