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Cambrian Oil and Gas (COIL)     

dexter01 - 02 Mar 2005 08:36

graph.php?epic=SLV





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












rodspotty - 20 Oct 2006 13:52 - 38 of 144

RNS Number:8137K
Cambrian Oil & Gas PLC
20 October 2006

Cambrian Oil and Gas plc

Placing of new Ordinary Shares

20 October 2006




The Directors of Cambrian Oil and Gas plc ("COIL" or the "Company") are pleased
to announce that, further to the announcement of 12 October 2006, it has placed
151,766,662 new ordinary shares of 1 pence each (the "Placing Shares") at 3
pence per ordinary share through its broker W.H. Ireland Limited, raising #4.55
million gross of expenses (the "Placing"). Application has been made to London
Stock Exchange plc for the Placing Shares to admit to trading on AIM on 23
October 2006.



The Placing Shares are to be issued together with one warrant for each Placing
Share subscribed, each warrant entitling the holder to subscribe for one
ordinary share in the Company at 3 pence per ordinary share (the "Warrants").
Each Warrant granted shall be exercisable in whole or in part at any time up to
12 months from the date of admission of the Placing Shares to trading on AIM
becoming effective in accordance with the AIM Rules. The Warrants will not be
admitted to trading on AIM. Following the completion of the Placing there will
be 309,993,821 Ordinary Shares in the Company in issue and trading on AIM.



As was announced on 12 October 2006, Xtract Energy PLC ("Xtract") is a related
party under the AIM Rules. As part of the Placing, Xtract subscribed for
65,000,000 new ordinary shares, giving it an aggregate holding of 35.37 per
cent. of the Company on completion of the Placing. This subscription by Xtract
represents, under the AIM Rules, a related party transaction. The Directors of
the Company consider, having consulted with its nominated adviser, that the
terms of the subscription are fair and reasonable insofar as its shareholders
are concerned.



As was announced on 12 October 2006, the subscription by Cambrian Mining PLC ("
Cambrian") for 53,333,333 new ordinary shares in the Placing, resulting in a
total interest in the Company of 17.20 per cent on completion of the Placing
represents, under the AIM Rules, a related party transaction. The Directors of
the Company, other than John Byrne (who is a director of Cambrian), consider,
having consulted with its nominated adviser, that the terms of the subscription
are fair and reasonable insofar as its shareholders are concerned.



Enquiries:


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/Peter Jackson +44 (0) 20 7220 1666




This information is provided by RNS
The company news service from the London Stock Exchange
END

rodspotty - 01 Nov 2006 01:54 - 39 of 144

The link below is a reply to a query by the ASX to the recent their recent share price rise...

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00663758

not surprisingly the share price has shot up another 20% on this announcement, which is one of the most bullish I have seen in recent years.

The share price of MEO as I write is 50 cents AU, which values COIL's stake at approximately 14m, given that COIL's market cap is only 10m, their share price is well undervalued, just on this stake alone. DYOR

Rodders

rodspotty - 02 Nov 2006 09:17 - 40 of 144

Tipped over here in the Investers Chronicle las Friday....

27 October 2006

CAMBRIAN OIL & GAS (COIL)


Cambrian Oil and Gas (COIL) has just raised around 4m via a placing at 3p. And although the company is increasing staff numbers in the Kyrgyz Republic to 14 and has just appointed a new ex-pat production engineer there, the Kyrgyz oil interests may soon be dwarfed by new ventures. COIL says its objective was always to diversify, but it took time to find the right deals.

One deal that will use 1.5m of the new money is the acquisition of a 29 per cent stake in a private Canadian company, Elko. It has an 80 per cent stake in a 5,400 sq km exploration and production licence in the Danish North Sea sector as well as other interests, notably in Tunisia. COIL has also acquired an 18 per cent stake in Australia-listed Methanol Australia (MA) and that's where the rest of the money went. MA has secured government environmental approval to build and run two offshore liquid natural gas plants, which convert natural gas to methanol for use in producing fuel additives. The plants will be in shallow water in the Timor Sea, nearly 300km north-west of Darwin.

Crucially, MA may have its own 100-per-cent-owned gas supply on exploration acreage there. A well drilled in 1972 encountered a 50m gas-bearing fractured carbonate interval and MA will drill two test wells in about a year's time. COIL secured its stake in MA to give it a funding alternative to offers of farm-in deals from oil and gas majors.

Ironically, the new investments come at a time when COIL is starting to obtain cash flow from the sale of Kyrgyz oil. Water-injection techniques are increasing oil flow to 70 barrels a day from one well at Beshkent-Togap in the south-west of the country. The target is production of 2,000 barrels a day from 40 wells in 12 months' time.



--------------------------------------------------------------------------------
Ord price: 3.375p Market value: 5.34m
Touch: 3-3.75p 12-month High: 6.25p Low: 2.75p
Dividend yield: nil PE ratio: na
Net asset value: 2.3p Net cash: 961,000


rodspotty - 02 Nov 2006 12:10 - 41 of 144

3 very +ve 'A''s today on MEO (COIL 25% + 42m Apr.07 options@25 centsAU)
Closing price today on MEO 48 centsAU bid.

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00664372

http://www.asx.com.au/asxpdf/20061102/pdf/3zd7lhvy6p39b.pdf

http://www.asx.com.au/asxpdf/20061102/pdf/3zd7mxmmr3stp.pdf

Rodders

rodspotty - 03 Nov 2006 20:51 - 42 of 144

Here is a very interesting reference to the majors knocking on the door, taken from this link...

http://www.asx.com.au/asxpdf/20061101/pdf/3zc8zwjcrvbvz.pdf

'' The company is presently conducting confidential discussions with a number of substantial international corporations in regard to the possible participation in various aspects of the companies projects.This interest is unsolicited and at this stage, the company remains committed to evaluating the potential of NT/P68 at its 100% interest.''

Note the word unsolicited, they are eager for a slice of the action in NT/P68. I think they will keep their 100% interest in the possible 6tcf of Gas, but will negotiate with the highest bidder for the possible 650m barrels of condensate (light sweet crude).Its just a question of how much that is worth in the ground???? IMO an interesting couple of months coming up. DYOR

Rodders

rodspotty - 06 Nov 2006 13:41 - 43 of 144

On the move now 3.5/4.5, best bid 100K @3.7p v offer 100K @4.1p. DYOR

Rodders

mcmahons - 10 Nov 2006 09:45 - 44 of 144

Cambrian Oil & Gas PLC
10 November 2006

10th November 2006 AIM: COIL


Cambrian Oil & Gas Plc
('COIL' or 'the Company')

Update re Methanol Australia Limited

Cambrian Oil and Gas Plc (AIM : COIL) wishes to inform shareholders of the
following highlights extracted from recent announcements made by Methanol
Australia Limited ('MEO') on the ASX, of which COIL owns approximately 25% of
the issued capital.

MEO's key objective is to become a leading producer of liquefied natural gas
(LNG) and methanol from its proposed gas-to-liquid projects on the Tassie Shoal,
located in Australian waters some 275km north west of Darwin.

Acquisition of 3D seismic data over Epenarra structure within MEO
wholly owned Exploration Permit NT/P68 in the Timor Sea to determine optimum
location for appraisal well

74% of 2D seismic data acquired over the Blackwood structure within
Exploration Permit NT/P68 to assist in confirming location of Blackwood-1
exploration well

MEO intends to drill up to three wells in 2007 with newly acquired
jack-up rig

MEO announced on 31 October 2006 the successful completion of the acquisition of
new 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 at the Darwin formation level with mapped closure of approximately
1,200 square kilometers, located entirely within Australian waters. The 3D
seismic data has been acquired to confirm distribution and orientation of faults
and fracturing within the 50m gas bearing fractured carbonate zone of the
Epenarra structure intersected by the Heron-1 well, drilled by ARO in 1972. This
data will be used to determine the optimum location for the Heron-2 appraisal
well.

MEO recently announced that approximately 74% of the data for the 600 line km 2D
seismic survey over the Blackwood structure in Exploration Permit NT/P68, had
been acquired and remained on schedule. The new 2D infill data will be combined
with the extensive 1996 and 1997 2D grid already over the permit and will
improve the structural mapping of Blackwood. MEO expects the new data to confirm
the final location of the Blackwood-1 exploration well.

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

Chris Hart, the Managing Director of MEO, stated that a just released study on
the Epenarra prospect revealed a strong possibility of high levels of associated
gas liquids (LPG and condensate) within the gas bearing structure. This means
potential for significant commercial quantities of liquids.

For full details of the announcements of MEO, please see the Australian Stock
Exchange website:
www.asx.com.au
(ASX: MEO) or MEO's website:

www.methanol.com.au



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

Chart.aspx?Provider=EODIntra&Code=COIL&S

sirles - 10 Nov 2006 10:43 - 45 of 144

Reckon this ones a steamer!!!! Fill ya boots!

mcmahons - 10 Nov 2006 11:31 - 46 of 144

yes, its looking good all round on this one.


Cambrian affiliate MEO likely to hit 'high levels' of gas liquids at Epenarra
AFX
LONDON (AFX) - Cambrian Oil & Gas PLC said a just-released study on the Epenarra structure, which lies within affiliate company Methanol Australia Ltd's wholly-owned permit NT/P68 in the Timor Sea, revealed a strong possibility of high levels of associated gas liquids within the gas bearing structure, which holds potential for significant commercial quantities of liquids.

mcmahons - 10 Nov 2006 11:47 - 47 of 144

all a bit odd he 3.87 /3.88 sells are infact buys i know this because two are mine ?

rodspotty - 11 Nov 2006 20:35 - 48 of 144

Just back from the AGM, stayed down south overnight, nice to see I have some company on the thread, not on my tod anymore...lol, looks like we still have an overhang from a seller, but that should be cleared soon, the boys from MEO will be over in the UK, sometime in the next couple of weeks, accompanied by Cambrian mining guys, in order to spread the word to the istitutions etc. DYOR

Rodders

mcmahons - 14 Nov 2006 10:29 - 49 of 144

still ticking up nicely day on day

rodspotty - 14 Nov 2006 11:03 - 50 of 144

Well the overhang seems to have been cleared and the mms are on the bid and want to play. Presently bidding for 500K @3.5p v offer 25K @3.56/100K @3.85p. DYOR

Rodders

rodspotty - 14 Nov 2006 11:51 - 51 of 144

2 large trades gone thru, looks like matched buyer to seller, but with one mm bidding in 500K, looks like the buyer may want more???? DYOR

Rodders

mcmahons - 14 Nov 2006 12:27 - 52 of 144

hope so did ok on blr yesterday could do with the same here

sirles - 16 Nov 2006 10:49 - 53 of 144

40,000,000 just gone through????

sirles - 16 Nov 2006 11:16 - 54 of 144

x-trade of 40,000,000 represents 23% of the company. Is a bidder coming in for the company?

rodspotty - 16 Nov 2006 11:49 - 55 of 144

There are at present 309m shares in issue, so 40m shares represents 12.94% of the company. Normally X trades mean nothing but this is significant, I await the RNS, in the meantime regarding the possibility of a takeover forget it, there are over 200m warrants out there and the parent company CBM, would not play ball. DYOR

Rodders

sirles - 16 Nov 2006 11:54 - 56 of 144

Thx - shattered dreams

rodspotty - 16 Nov 2006 13:28 - 57 of 144

sirles - well if you call 25% of a company (MEO), which has possibly 650m barrels of light crude and 6 trillion cu,ft of gas on its 100% owned patch in the Timor Sea in Aussie waters ''shattered dreams'' well think again....wait for the RNS re:the 40m transaction, you maybe surprised. DYOR

Rodders
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