Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

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 - 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

rodspotty - 16 Nov 2006 13:48 - 58 of 144

Coil's investment in MEO as of today is valued at 12m, COIL' present market cap is 10m, based on the 3.25p bid price, so at the moment their 29% investment in Elko Energy and their own ops in the Kyrgyz Republic are in for free. DYOR

Rodders

rodspotty - 16 Nov 2006 14:48 - 59 of 144

Placing & Further Investments

RNS Number:2155M
Xtract Energy plc
16 November 2006

16 November 2006 AIM: XTR

XTRACT ENERGY PLC
("Xtract" or "the Company")

Placing of new ordinary shares
Further investments in Cambrian Oil & Gas Plc ("COIL")
and Wasabi Energy Limited ("Wasabi")

Placing

Xtract has placed 109,795,800 million new ordinary shares of 0.1 pence each (the
"Placing Shares") at 5.5 pence per ordinary share through its broker W.H.
Ireland Limited, raising #6,038,769 before expenses (the "Placing"). Application
has been made to London Stock Exchange plc for the Placing Shares to be admitted
to trading on AIM on 22 November 2006.

Following the completion of the Placing there will be 467,105,600 ordinary
shares in the Company in issue.

Cambrian Mining plc ("Cambrian") through its wholly owned subsidiary Cambrian
Investment Holdings Ltd ("CIH") holds 192,942,500 ordinary shares in the
Company, representing approximately 54.0 per cent. of the current issued share
capital, and is therefore defined as a related party under the AIM Rules. As
part of the Placing, Cambrian subscribed for 9,795,800 new ordinary shares. In
addition, CIH converted its loan notes of #3,361,231 into ordinary shares of
Xtract at the Placing price. Following the Placing and the conversion of the
loan notes, Cambrian together with CIH will hold in aggregate 263,851,591
ordinary shares in the Company (representing approximately 50.0 per cent. of the
Company's enlarged issued share capital).

This subscription by Cambrian represents, under the AIM Rules, a related party
transaction. The directors of Xtract consider, having consulted with its
nominated adviser, that the terms of the subscription are fair and reasonable
insofar as its shareholders are concerned.

The proceeds of the Placing will be used in the implementation of Xtract's
investment strategy including the development of its oil shale extraction
technology and also to provide working capital for the Company.

Further investment in COIL

Xtract has agreed to purchase from Cambrian 53,333,333 ordinary shares (together
with the same number of warrants exercisable at a price of 3p per share) in
COIL, the consideration for which will be the issue to Cambrian of 29,090,909
new Xtract ordinary shares.

Following completion of this transaction the Company will hold 202,964,102
ordinary shares in COIL representing approximately 65.47per cent. of the issued
share capital of COIL and Cambrian and CIH together will hold 292,942,500 Xtract
ordinary shares representing approximately 52.6 per cent. of the Company's
enlarged issued share capital.

As Cambrian, through CIH, holds approximately 54.0 per cent. of Xtract's issued
ordinary shares, the acquisition of the COIL shares and warrants represents a
related party transaction under the AIM Rules. The directors of Xtract consider,
having consulted with the Company's nominated adviser, that the terms of the
transaction are fair and reasonable insofar as its shareholders are concerned.

Further investment in Wasabi

Xtract has agreed to sell its holding of 61.5 million ordinary shares in Aviva
Corporation Limited, together with an interest in a steel-making technology, to
Wasabi in exchange for the issue to Xtract by Wasabi of 175 million new Wasabi
ordinary shares together with 25 million warrants exercisable at a price of
A$0.03 per Wasabi share.

Following this transaction (which is conditional on the approval of Wasabi's
shareholders at an extraordinary general meeting) and a proposed fundraising by
Wasabi, Xtract will hold 256,511,422 Wasabi ordinary shares (representing
approximately 41.6 per cent. of Wasabi's proposed enlarged issued share
capital).

rodspotty - 16 Nov 2006 15:05 - 60 of 144

Still getting all the pieces of the jigsaw into place,much more to come in this vain, the outcome of which will end up with CBM/COIL/XTR/MEO having IMO btn them raised the cash to fully fund the drilling of the 3 wells in the Timor Sea, amongst other things and cutting out the majors, we will see.....no probs with raising the dosh!!!!! DYOR

Rodders

Bankrupt - 16 Nov 2006 15:09 - 61 of 144

This one wont go anywhere fast - 3 years maybe if and thats a big if !
Time to cut and run better returns else where this will sink like a stone short term.

sirles - 16 Nov 2006 16:04 - 62 of 144

Are you mystic meg?
Register now or login to post to this thread.