Has anyone please got any info on this one? It was supposed to start trading again in July and then August - almost end of August and nothing!

I have a living interest in the red and yellow badge operations area, I have friends working on the Salym project.

I don't think Sibir would have the backing to buy Shell out of this Project.

Shell is desperate to get Reserves up quickly and the quickest way is through Aquisitions.And with Sibir having around 400 Mln Barrels share of proved reserves in this operation(Russian Gov estimate 600 Mln including Deeper Salym that hasn't been explored yet)then it would be a good buy especially with how successfull the operation is going and the drilling results so far.Especially with Sibir Shares at current value compared to what the Asset Valuation is.

Evening lansdown, looks like we are having a private party, anyway up 7.5p at the time of writing another clawback toward the purchase price. Have a good weekend

Prediction for the week 'has anyone else got a view' Stirring up a bit of interest I suppose on this company Monday will be a solid buying day and probably a 10p+ (rising on the back of Shells results + Wall Street surge on Friday up 100pts+) then steady toward the week end. DYOR if there is anyone out there. N.B This is not ramping I bought at 2.36 (not in the afternoon) and am in long term until at least 2008. (Unless it hits 10 a share before hand)

Do you think that BP record profits will push SIBIR's price up today.

A day late on my prediction (sorry). Confidence in this share is returning something must be brewing. 3.5million shares bought - 1/4 million sold. Announcement soon, after all this is a company that produces results earlier than expected namely 1 year ahead of schedule

Sibir can plug some of the below stockpile once its infrastructure is functioning at 100%.

NEWS RELEASE 16.38hrs 9/2/2005

Oil futures bounce higher after larger than expected falls in US inventories
AFX


LONDON (AFX) - Oil futures bounced higher after the release of US inventory data which revealed falls in crude stockpiles as well as falls in gasoline supplies ahead of the peak demand season, analysts said.

At 4.10 pm, Brent crude futures for March delivery were up 68 cents at 43.75 usd/barrel.

Jitters over renewed market talk of OPEC cutting production if prices fall too rapidly have caused dealers to trade in higher volumes in the next front month.

April-dated Brent contracts were up 69 cents at 44.05.

Meanwhile US benchmark March-dated contracts were up 63 cents at 46.03 usd/barrel, and April dated contracts were up 54 cents at 46.60.

The Department of Energy reported crude stockpiles had fallen 1 mln barrels for the week ending Feb 4.

The American Petroleum Institute however reported an even greater fall of 4.2 mln barrels.

The DoE said gasoline stocks were up 500,000 barrels, however the API measured a large fall of 4.2 mln barrels.

Distillate inventories were down 3 mln barrels, according to the DoE data, and the API measured a larger fall of 4.2 mln barrels.

'The DoE results were not a big surprise, as the market had anticipated falls in stockpiles which are usual for this time of year, but the API falls were much greater, so the market is erring on the side of caution,' said National Futures analyst John Person.

The results, particularly the gasoline numbers, give rise to concerns that stocks are not adequately building ahead of the peak consumption period during the summer.

'But there are a few more weeks for inventories to get there, the DoE's weren't too bad, but the API's threw salt into the wound, and so for the time being there is still an energy crunch,' Person added.

raki.kotak@afxnews.com

rak/cmr

Good Rise Today,

Trying to find out why

Anyone Ideas?

I love the look of this .

Should get to its true asset value of over 300p at this rate

There you go Landsdowne noe let it take off, being in the Maldives and India for a while I have not ben able to check the website. Found a hotel in Tamil Nadir with an internet. Looks good ----ANY INFO----.

Do know why the rise over the last 2 weeks

i thought this company was in real trouble not so long ago ?????????? but it looks like the russian goverment are not going to step in??? any thoughts

The company is not in trouble from the Russian Gov, It was in trouble from Mr Chelsea. The Gov is more likely to take a stance against Him than Sibir.
I am confident Sibir will win their Legal action against Him.

There operation in Russia is going exceptionally well. Production 1 year ahead of schedule, Proven reserves of over 500 Million Barrels.

I think this share is under price at 3.20.

Read the report on their website about the reorganisation.

thanks very much for the info lansdownboy !!!! i hope you are right ? i brought shares in this company last year at 28p before they changed the price.

Can this be true
copied form the other side.


01/04/2005
16:39 Salym Petroleum Development began to supply oil to the system of oil-trunk pipeline of "Transneft".

-------------------------------------------------------------------------------
Salym Petroleum Development N.V.(SPD) began to supply oil to the system of oil-trunk pipeline of JSC "Transneft" from April 1, 2005, SPD Public Relations Department head Elena Zakupneva reported to AK&M.

Up to the present Salym Petroleum Development has been effected the supply of raw materials to the regional organizations for realization on the domestic market by oil-delivery trucks, omitting Transneft system.


"AK&M", 01/04/2005 14:52

IF IT IS TRUE BETTER GET ON BOARD - PDQ - COULD BE A GUSHER

Well it was true then, heres the Official Release and it includes the additional bonus of the $155m;n USD for further investment. Excellent NEWS - 3.20 to 4.00 possibly by the end of the month.


Shell, Sibir ship first oil from 1.25 bln usd Salym field UPDATE
AFX


(Adding production details)

LONDON (AFX) - The Royal Dutch/Shell Group and Sibir Energy PLC have shipped the first oil from the Salym field in western Siberia.

Development of the field has progressed 'rapidly', with industrial production expected to begin in the fourth quarter of 2005, Sibir said in a statement.

The oil was produced from the West and Upper Salym, two of the three fields being developed by the joint venture. It was trucked for processing and loading into Russia's state-owned Transneft pipeline system on April 1.

Upper Salym is now producing 1,500 barrels per day. Production at West Salym is still 'small scale' and is to build up over the next six months.



Production on the third field, Vadelyp, will begin in the fourth quarter of 2006.

Cost of developing the three fields is estimated to reach 1.25 bln usd in total, of which 480 mln usd has already been spent.

A further 155 mln usd will be invested in the coming months, making a total of 278 mln usd for the entire 2005, it said.

Shell and Sibir each own a 50 pct stake in the project.

mbe/slm/

GOOD LUCK TO ALL SHAREHOLDERS AS IT HAS BEEN A TRICKY SHARE THIS ONE!!!

It is true. See RNS.

Also on Shell Internal Board yesterday.


This is Shell best in clas development.

Also seismic indicates a bigger field below those already indicated.

Lansdown, where have you been - Is there only me and you on this one.

It has gone quiet.

Been bit of a roller coaster ride the last 2 months.

Seems to be very good new( genuine) followed by scare stories !!

If the Seismic is confirmed for the Deep Salym , then reserves will increase big time!! and SP hopefully.

Lansdown, I've a share interest in CSH and COP at the moment held them for the past 8 to 10 weeks, any thoughts on them.

any thoughts as to which direction this will take.