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

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

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

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).

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

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.

Are you mystic meg?

Rodspotty - What are your thoughts on COIL's near future share price?

Hi sirles, there are to many imponderables eg: future price of oil/gas, dry wells, high cost of rigs etc for cautious me to predict future share prices for COIL, along with many others its a high risk/reward share, though having said that there is less risk now having diversified its portfolio over the last 6 months. I think the management made a very astute move into MEO and told them so at the recent AGM, they were very enthusiastic about it at the meeting and this week the boys from COIL/CBM/XTR and MEO are in the city, giving presentations. They are also looking to float Elko Energy in London early next year and if successful would make COIL's 29% stake look very good. I would also not rule out an MEO listing on the LSE in 6 months time. DYOR

Rodders

Thanks

COULD SOMEONE EXPLAIN TO ME WHY COIL ARE RELEASING ANOTHER 4 MILLION PLUS WARRANTS AT 3P EACH ON THE 29 NOV WHEN THERE ARE STILL SOME 200 MILLION WARRANTS OUTSTANDING AT 7P EACH FROM WHEN SILVERMINES MEDIA BECAME CAMBRIAN OIL AND GAS. IF ITS TO RAISE CASHFLOW THEN IT WOULD HAVE MADE MORE SENSE TO REDUCE THE 30 TO 40% SPREAD THAT HAS EFFECTIVLY STOPPED TRADING SINCE THESE WARRANTS WERE ISSUED, SO THAT PEOPLE WOULD HAVE EXERCISED THEM.

As I understand it the 4m warrants have been bought in @3p by a party who took part in the recent placing at 3p, there are circa another 196m to go. As far as the 7p warrants go, due in Dec.06, unless the share price of COIL was to go above 7p, which is unlikely in the short term, then these will not be taken up. I was at the AGMThe share price of COIL in is in fact trading at a discount to asset value of their MEO stake, valuing their other assets at zero, there is no doubt that the outstanding warrants @3p is puting PI's of at the present. DYOR

Rodders

Rodders have you looked at the prospects of MEO.AX yet. Coil could be onto a winner with their 25% stake. 14 trillion cubic feet of gas at least is the estimate in their annual report. Just how much is that worth, does anyone know the calculations for working out the true value of a gas find. I'm convinced that all this inter company floatations are to raise enough cash to keep the big boys at bay, any thoughts anyone.

oilyyrag, looks like you are quickly grasping the picture and that to understand COIL you have to look at the other members of the group....CBM/XTR and MEO and Elko Energy (COIL own 29% and due to be foated on AIM early next year). Below is the latest info on where the MEO shares are held. The 42m Apr.07 options 25 cents, could be more pivotal to COIL than their 25%, IF??? the share price of MEO currently 53 cents!!! continues to rise.

Methanol Methanol Australia Limited

ASX Code MEO Shareholders 1,850
Ordinary shares 197.3m
Cambrian Oil & Gas Plc 24.6%
Geoff Albers Group 13.29%
Santos Limited 10.5%
Directors 7.7%
Options 30-Apr-07 expiry, $0.25 ex pr 52.7m
Fully Diluted 250m

..............................................

As one can see from the above COIL have ended up with most of the options circa 42m, if these were to be taken up, then COIL would own 42+48.5=90.5m shares, which is 36.2% of the fully diluted share capital of MEO. If they take the maximum allowed under ASX rules 20m, then COIL would end up with 27.4%. It was intimated at the AGM that, there was the outside chance, the balance of 22m options could be bought in by the CBM group, after negotiation with the ASX.DYOR

The current valuation to COIL of their MEO stake is circa 15m, whereas the Market Cap of COIL is 11, there other investments are thrown for free.

The boys from MEO, COIL,CBM and XTR were in London last week giving presentations to the city and I would not rule out some kind of floatation on the UK market in the middle of next year, which is one way of raising the cash themselves and as you have pointed out....cut out the big boys.

Rodders

green line = 200 dma
red line = 50 dma

As far as i can see, sp is trading in a very narrow band, with probably some support at the 50 dma level, and with mirrored resistance at the 200.


For some strange reason, oilyrag has asked me for some comment, though my non-analyatical mind wonders why .....

For me, the company's cap makes this far too small to interest me ..... indeed, its minute size in today's very difficult climate for E&P companies in general, makes me wonder why any investment is warranted at all .... having had the briefest of scans of this thread, the company seems typical of many its ilk ..... lots of maybes, perhapses, and in the event thats etc etc ..... all (imo) a load of "blue sky", if that good ...... IMO, there are many many more companies with much better prospects - GOO, CHP and VOG if you want to press me

Thanks for your view cynic, it helps one to keep a fair balance. No one has answered the real question yet. HOW MUCH IS 1 TRILLION CUBIC FEET OF GAS WORTH? HOW DO WE CALCULATE THE POTENTIAL VALUE OF MEO.AX?

Very difficult to put a value on something that is still in the ground and btw, there is estimated to be 800 million barrels of condensate (light sweet crude) and 6 TCF of gas, in MEO's 100% concession in the Timor Sea. When I asked the question at the AGM as to the possibility of a major coming onboard MEO at the AGM, the spokeperson said ''why give away the possibility of 200m to 300m in revenue, when we could fund the drilling program inhouse'' hope that kind of gives you an idea. The cost of the drilling program is estimated at 20m. DYOR

Rodders

oily .... i am afraid i would not know where to start to answer your question .... but as a comparison, have a look at VOG's performance who are also allegedly sitting on similar huge reserves ...... ain't worth a bean until it starts coming out of the ground

cynic - Agree with you about oil/gas in the ground. A plus for COIL over VOG is that their investment in MEO is sitting in friendly waters, Australian territorial. DYOR

Rodders

Rodders how long do you think we have left at these prices. Obviously there's a lot of water to go under the bridge, forgive the pun, before true value is added to this epic. Given that COIL own 24.6% of MEO.AX, their share of 20million drilling program would be 4,920,000., divided by 107,000,000 million shares, which is 4.6 pence per share. The potential profits of say 250,000,000 would be by the same calculations, worth 57.5 pence per share. Assuming no further dilution of Coil shares. Based on the current sp of MEO, COIL should be worth at least 11.5 pence. Drilling due to start in August 2007? HOW LONG DO WE HAVE LEFT TO GET IN?

Hi Rodders, me again. I may have found the answer to my question on PELE news release today. $2.5 to $3 per thousand cubic feet.This equals $3000 per million cubic feet, or $3000,000,000 per trillion cubic feet. which is approx 1,579,000,000 or 1.5 Billion. Therefore 14 Trillion cubic feet could be worth 22 Billion. I hope I havn't used too many noughts. Could someone confirm ball park figures, ta.