http://www.investegate.co.uk/Article.aspx?id=200803270730078790Q
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Nizhnechutinskoye NGPT
Khudayeiskoye KNG
Geotermeftegas GEOTERM
Of the 3 above NGPT is the most advanced with 244mbo P2 of which 53mbo PI.
Main resovoir has 34api light oil at 28mtrs-150mtrs.
KNG has 147mbo of reserves
GEOTERM has 2 Blocks in the Caspian Basin which has a potential resource
of 500mbo
Latest broker report.
http://www.bestsharing.com/files/Ejhy0369346/TMAN_1_.pdf.html
Well worth checking out, but be mindful its a bit iffy out their at the moment?
M/Cap at present �106m some �5m below float. 66p
.
cyril

Pardon my ignorance, but is this something to do with Tim Henman....?

Perhaps I better answer this myself ...No it's not the man....it get's worse...sorry could not resist it !

RF;no, you'll find him down the Yellow Brick Road.
cyril

Something to do with Elton John then....euhhh ! I'm losing the plot here !...Not in but on my watchlist as so to speak !

http://www.investegate.co.uk/Article.aspx?id=200803270730078790Q
cyril

Latest news should help with securing funds to enable them to lift the suspension?
http://www.investegate.co.uk/Article.aspx?id=200804100701300332S
cyril

LONDON (Thomson Financial) - "Timan Oil & Gas Plc. said it has secured a 398,000 pounds loan to satisfy short-term creditor payments, adding it continues to actively seek short- and medium-term funding solutions to enable it to continue to trade and develop its assets further.

'In addition the board is reviewing strategic options for the company which may involve a corporate transaction,' it said.

The loan was secured from Alexander Kapalin and Boris Royter, a significant shareholder in Timan and co-founder of the company with Kapalin.

Timan said that it is seeking loan and equity finance as it has not been possible to secure any bond financing in the international capital markets.

It added that, as far as it is aware, its Russian subsidiaries are currently compliant with their licence obligations but further exploration and development activities are dependent upon the resolution of Timan's financial position.

Timan's shares remain suspended on AIM."

LONDON (Thomson Financial) -" Timan Oil & Gas Plc. said it has signed a loan agreement with Kamanisk Holdings Ltd. for a 5-year loan facility of up to $100 million.

The company said it has already drawn down the first $5 million of the loan facility, which will be used to pay existing creditors and for short term working capital purposes.

Timan said it expects to drawdown the remainder of the first tranche of $50 million over the next 12 months, for the further development of the NGPT and KNG licences and ongoing administration costs."

Operational and financial highlights: 24.11.08

"Significant increase in the Group's State Registered resources under the Russian Classification:

NGPT field (Nizhnechutinskoye) registered reserves increased to 86.4 million tonnes of Category C1+C2 recoverable reserves (approximately 631 million barrels);

KNG (Khudoyelskoye area) issued with a Certificate of Commercial Discovery with recoverable reserves evaluated at 17.6 million tonnes of Category C1+C2 (approximately 112.6 million barrels);

Successful and final conclusion to the legal dispute with the Russian Subsoil Agency over Zapadno-Vodnenskoye licence and NGPT licence extension;

New loan facility of US$100 million secured from Kamanisk Holdings Limited, allowing the Group to resume development of its fields.

Resumption of trading:
With publication of Interim Results and securing of financing, trading in shares on AIM resumes today."

heading to 7/8p.

tmaan now at 7p and dropping all the time. Large companies selling stock after 7 months and no progress Credit suisse , dumping stock 22% and boris royster stake selling. tinman oil and gas worth 3p.

Dump this...it will get suspended again or even bust.

On thursday there will be 8 lots of bad data from the USA, which will effect the Uk with Tman takeing the full plunge also uk gdp ANNOUNCEDnot good again therefore Tman 3p.

but why would anyone buy it? .... rationalising about UK GDP as being a reason for the plunge is total nonsense

Not producing is a problem.....at the moment and in the near future : the risers will be the ones with production or very near production.....even though the sp is not very good at the moment : Petroneft are a better bet (PTR).....come back in 9 months and the sp will be 4 or 5 times what it is today.

usa data 9 amounts includeing
1/ durable goods, personal income, Us jobless claim, new home sales, petroleum status report, gas report, napm Chicago report, consumer sentiment, MBA applications.
Therfore the Dow Jones is going to get Hammered today with a majority of thease reports will be bad includeing the job claims and sentiment and personal income. Will effect stocks includeing TMAn a slight rise for profit today butsell off and 4p will arrive.

Danger MXP is in serious danger of going bust as the performance looks drastic shares now at 4.5p with more offloading to arrive 2p is upon us for max petroleum WARNING................................................

MOSCOW, Nov 24 (Reuters) - Trading of London-listed Russian explorer Timan Oil & Gas Plc's shares resumed on Monday following a seven-month break, and the company said its first-half net loss halved.
Shares in the firm, which asked for the suspension in late March on London's junior AIM market for smaller and mid-sized companies, were down 70 percent at 1340 GMT at 9.4 pence per share, widening losses on earlier trade.
"We are positive that the situation will pick up later," Timan Chief Executive Alexander Kapalin told Reuters in an interview.
"Small amounts are being traded, so it is difficult to judge how the company is really faring."
He added that Timan was one of the first Russian companies to be affected by the global financial crisis, prompting it to ask for the suspension while it sorted out its financing.
But Kapalin said Timan is also benefiting from cheaper materials and experienced sub-contractors desperate for work, both results of the crisis.
Timan, which has fields in the southern Caucasus region of Dagestan and Siberia's resource-rich Timan-Pechora region, said in a statement its net loss for the six months to 30 June was 2.73 million pounds ($4.07 million) versus 5.27 million pounds in the same period last year.
Revenues edged up in the first half of this year to 370,000 pounds, from 306,000 pounds, due to increased revenues from the sale of thermal water.
Timan also said that its NGPT field, or Nizhnechutinskoye, now has registered reserves of around 631 million barrels, or 834 million tonnes, and is therefore deemed a strategic asset, according to guidelines set out by the Russian state.
"This is one of the biggest oilfield discoveries in Russia... It places us among the largest of the independents," he said, adding that first production, though very minor, will come next month.
In 2011, Timan hopes NGPT will be producing 1.7 million tonnes per year.
Russia has deemed any field containing 70 million tonnes of oil, or 50 billion cubic metres of gas a strategic asset, and therefore off-limits for development by foreign firms.
CASPIAN SEA
Next year Timan will start drilling in the Caspian Sea, possibly with Kamanisk Holdings Ltd, whose main shareholder agreed last month to lend Timan up to $100 million.
"The Kazakhs have an excellent, unique experience of working in the Caspian... This could be a cooperation with Kazakh and Azeri companies," Kapalin said.
Timur Kuanyshev, through his investment vehicle Kamanisk, agreed to lend the funds in two equal tranches to pay off Timan's debt and develop licenses in the Russian Arctic.
The second $50 million tranche will be supplied subject to the company meeting reserves and production targets at Timan Pechora's NGPT and KNG, or Khudayelskoye field, within the next 18 months.
Kamanisk, which operates in Russia, Kazakhstan and worldwide in the oil and gas sector, has five years to convert the loan into a majority stake representing 51 percent.
Timan will hold its annual shareholder meeting on Dec. 8, in which it plans to outline some "concrete future plans," Kapalin said. ($1=.6706 pounds) (Reporting by Amie Ferris-Rotman; Editing by Rupert Winchester )

Could this be the next IEC?
cyril

Interesting, but they need to make a hell of a lot of progress, and to get drilling soon, the sp might drop further and there's bound to be delays, have a look at PTR : they are very much further down the line and close to production but have slowed the project down, I'll keep an eye on this one because if the figures are to be belived there is a lot in the ground but they will have a lot of debt getting it out of the ground, a farm in might be another solution for them !.

Here's a company that has reserves similar to IEC which has been valued at $2.4billion with no debt. The loan confirmation makes this a real bargain for those who are patient,
latest news.

RNS Number : 6999J
Timan Oil & Gas Plc
08 December 2008



TIMAN OIL AND GAS PLC (LSE AIM: TMAN)

Update on the loan facility deal with Kamanisk Holdings

Timan Oil & Gas PLC ('Timan' or the 'Group') is pleased to announce that as of 4 December 2008 all the necessary conditions required to draw down up to $22 million of the $100 million loan facility, secured with Kamanisk Holdings Limited ('Kamanisk') earlier this year, have been satisfied or waived. The Group and its subsidiaries will be required to grant further security to Kamanisk, as detailed in the announcement of 9 October 2008, prior to the draw down of monies exceeding $22 million.

The Group has already received $8 million of funding under the facility as of the date of this announcement.

Commenting on the initial draw downs following completion of the loan facility Dmitry Chalov, CFO of Timan, said: 'It is very satisfying for us to have completed this deal with Kamanisk and to be drawing down funds at a time when oil companies find it challenging to secure funding. We value this opportunity to finance our asset development and production programme and as the Timan is now in a position to draw down further funds, we are looking forward to working with Kamanisk towards boosting our operations in the fields.

cyril