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Cambrian Oil - another interesting tiddler (COIL)     

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


marklacey123 - 28 Feb 2006 09:57 - 5 of 20

Bought a decent size chunk on this one. Could mirror PMO LN. Fill ya boots!

soul traders - 06 Mar 2006 12:04 - 6 of 20

Greetings COIL-fans!

Master,

To clarify in case you are still wanting an answer to your question: Price spike on 26th Jan was due to anticipation of an announcement regarding the water injection at Beshkent-Togap, which had been forecast for end Jan/early Feb. (I know, because I bought a chunk of COIL earlier in the week using the same logic and then had the satisfaction of watching them soar :o)).

Obviously the Feb 10 announcement was not quite as exciting as anticpated, but was still enough to keep the bid price around 5p. The water injection project seems to bode well for near-term cashflow, which could ensure that COIL is essentially self-funding for its other exploration. Definitely one to watch!

soul traders - 07 Mar 2006 11:02 - 7 of 20

I notice that the stock has also been tipped in the current "Shares" mag (Vol 8, Issue 9, 02-08 Mar 2006) on p 21 in the Article "New chances to get oil rich - 10 terrific prospects". Interestingly, it is the smallest of the ten; most of the others are significantly bigger.

soul traders - 22 Mar 2006 14:58 - 8 of 20

RNS out today:

Cambrian Oil & Gas - Water Injection Update
RNS Number:1688A Cambrian Oil & Gas PLC 22 March 2006
22 March 2005 Cambrian Oil & Gas Plc (AIM : COIL)
Beshkent-Togap Water Injection Project - Initial Well Test Results

Cambrian Oil and Gas Plc ('the Company') wishes to inform shareholders of an increase in the oil production rate at the Beshkent #25 well.

This well now consistently shows a 4-fold increase from the previously agreed base oil production rate of 0.5 tonnes of oil per day (3 barrels per day) to over 2 tonnes of oil per day (13 barrels per day).

Well #25 is the closest producing well to the 2 wells, where water injection was commenced in October 2005. In addition to commencing water injection, some downhole remedial work was conducted on well #25 to replace tubing and to improve the efficiency of the downhole pump in this well.

The Company believes the increased oil rate at well #25 reflects the combined benefits of water injection and remedial downhole repairs conducted on this well. At this stage, the net effects of the different activities have not been resolved. Well testing continues at both well #25 and other adjoining producing wells to improve our understanding of performance in the pilot area. Injection levels to date remain below planned levels due to operational limits of existing equipment and no increase in oil rate has yet been seen at adjoining but more distant producing wells.

While at this stage, it has not been possible to differentiate between the impact of water injection and remedial works, the Company is encouraged by the overall results.

The Company is planning additional remedial activities including upgrading injection pumps, installing high-pressure packers and connecting additional injection wells in the same area. This work should be undertaken progressively over the next 3-6 months.

Enquiries:Cambrian Oil & Gas PlcNeale Taylor, Chief Executive 0207 409 0890W.H IrelandTim Cofman 0121 616 2101
Notes to editors:About Cambrian Oil & Gas:Cambrian Oil & Gas (AIM: COIL) listed on AIM on 1 March 2005. The Beshkent-Togap Oil Field is located in the south-western region of the Kyrgyz Republic. The field is approximately 14 kilometres long and two kilometres wide. It is situated approximately 300 kilometres west of the Kyrgyz oil refinery at Jalal Abad and approximately 200 kilometres southwest of the Uzbekistan oil refinery in the city of Fergana.

The Beshkent-Togap oil field currently has approximately 70 producing wells with an estimated 65-76 million barrels (MB) of oil in place. To date, just over 4MB of oil has been produced from the field. The Company holds a 50% equity interest in the uplift in production from the level prior to the water injection project; recovery of its capital outlay is via an initial 70% share. Estimated recovery from the water injection project is 2MB with the potential to achieve upside incremental oil recovery to 6MB.

soul traders - 22 Mar 2006 15:06 - 9 of 20

At $50 per barrel, those 13 barrels of oil per day are worth $234,000 in turnover, of which 50% is net to COIL (ignoring the initial 70% share to cover COIL's costs), i.e. $117,000 or 67,000 approx.

Continued work by the company should see both an increase in the number of producing wells (COIL is planning to rehabilitate a large number of the 70 wells at Beshkent-Togap) and an increase in the volume of oil flowing from individual wells.

It may seem as if this company is making painfully slow progress, but the beauty of the Beshkent-Togap Water Injection Project is that the oil is known to be in place; all COIL has to do is make it come out of the ground. Assuming that this can be done successfully, as the initial results seem to indicate (IMO), there should be significant upside to the stock.

soul traders - 26 Apr 2006 12:56 - 10 of 20

Dumped this today at an overall loss and bought Voller Energy instead. I believe COIL could still go somewhere, but have at least an inkling that there are better performers out there. Maybe I'll return to this later in the year.

ASMITH2 - 12 May 2006 11:18 - 11 of 20

LoL.!

rodspotty - 22 Jul 2006 20:00 - 12 of 20

Well things are finally starting to happen see RNS below, expect a positive update on their operations in the Kyrgyz Republic soon....

Cambrian Oil to take 12.6 pct stake in Methanol Australia

LONDON (AFX) - Cambrian Oil & Gas PLC said it is to take a 12.6 pct stake in
Methanol Australia Ltd.
The business of Methanol Australia is principally its 50 pct interest in the
Tassie Shoal Methanol Project and its 100 pct interest in the Timor Sea LNG
Project.
COIL had previously acquired approximately 5.5 mln ordinary shares from the
trustee of Methanol Australia's Share Trustee Scheme for 1.1 mln aud to acquire
a 3.9 pct holding in Methanol Australia.
After a further fundraising from Methanol Australia COIL said it is
intending to subscribe for all of the ordinary shares issued and following this
subscription, COIL will hold 19,500,000 ordinary shares in Methanol Australia,
representing 12.6 pct.
Methanol Australia also announced that it is planning a further fundraising
in which its shareholders will be entitled to purchase new ordinary shares on
the basis of one new shares for every four held at 22.5 cents each to raise
proceeds of 8.7 mln aud. COIL said it intends to underwrite 50 pct of this
fundraising.

newsdesk@afxnews.com

DYOR

Rodders

georgetrio - 22 Jul 2006 22:21 - 13 of 20

thanks, rodspotty
I HOLD THIS SHARE (COIL), AND I KEEP BUYING IT ON THE BASIS OF GOOD SEED IN A FERTILE GROUND. AFTER MY HOMEWORK, I WAS SATISFY TO INVEST. IN THIS CASE, I ALWAYS KEEP MY EYES ON THE MANAGEMENT, THE FAILURE OF COIL WILL BE THE FAILURE OF THE MANAGEMENT, BUT WITHOUT DOUBT, THEY KEEP THEIR EYES ON THE TARGET. SHOULD I SAY TOP BANANA MANAGEMENT. MY STRATEGY AS A LONG TERM INVESTOR IS THE SAME OF A HUNTING CAT. IT SPOTS THE TARGET, IT ADMIRES IT, PRETEND LIKE IT'S NOT INTERESTED, LAY DOWN, KEEP EYE CONTACT, RELAX EVERY ORGAN IN IT'S BODY, VISUALISE THE JUICY MEAT AND... ALWAYS FOCUS AND WAIT. IS THAT DIFFICULT?

georgetrio - 04 Oct 2006 14:40 - 14 of 20



Holding(s) in Company - Cambrian Oil & Gas





RNS Number:9051J
Cambrian Oil & Gas PLC
04 October 2006


Cambrian Oil & Gas plc ("the Company")
Notification of significant holding


4 October 2006


Under sections 198 to 202 of the Companies Act 1985 the following information
falls to be disclosed:

The Company has been notified that Cambrian Mining Plc no longer holds an
interest in the Company following a disposal of 29,630,769 Ordinary Shares.

The Company was also notified that Xtract Energy Plc has purchased 29,630,769
Ordinary Shares in the Company. Xtract Energy Plc therefore now holds a total
of 28.21% of the current issued capital of the Company.


For further information please contact:

Cambrian Oil & Gas plc Neale Taylor, CEO +44 (0) 20 7409 0890
Paul McGroary, Director + 44 (0) 79 3056 8160

WH Ireland Peter Jackson /Paul Dudley +44 (0) 20 7220 1666

Parkgreen Communications Victoria Thomas +44 (0) 20 7493 3713






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

COPYRIGHT

Copyright AFX News Limited 2006. All rights reserved.
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