http://www.investegate.co.uk/Article.aspx?id=200803270730078790Q
img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=TMAN&Size=460&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR1&MA=&EMA=25;50;200;&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">



Powered by IST's






Va href="http://www.investegate.co.uk/Article.aspx?id=200709281538417770E">http://www.investegate.co.uk/Article.aspx?id=200709281538417770E
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

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

Valued at $2.4bn maybe, but with oil at what price? NO DEBT??? They just borrowed (or will be drawing) $100m!!!
Also, at some point the $100m loan is going to have to be paid back & that could be tricky unless the price of crude increases substantially (some are talking about crude at $25 pb).

Harry; some were saying crude would hit $200,always the same,its about whether you believe we will come out of this recession imo and "when"? Whats for sure is if
we do (and i think we will)that crude will be a whole lot higher than todays price, along with many other commodities. So for those with the nerve, nows a great opportunity to get in at these silly prices.
I stated they have reserves similar to IEC,they need to drill and start producing so no, not worth 2.4billion at present , but a chance of a many multi bagger in the making? Also they have only drawn on $8m at present which will start the ball rolling, other demands will come once the need to build the pipelines etc.
aimho
cyril

Crude up over $3 today, markets riding high on Obama's spending pledge.
cyril

nice move today well done cyril.

Up 53% on the day, clearly profit taking at the end of day. Tells us that we're
still in a trader market, so some volitility expected but should slowly creap up
during 2009?
Bit miffed as TMAN along side URALS are 2 of my picks marked out for 2009
cyril

Dec 9 (Reuters) - London-listed Russian explorer Timan Oil & Gas Plc said on
Tuesday it named Zhakyp Marabayev, nominated by the company's lender, as its
non-executive chairman after David Herbert stepped down from the board.
Shares of Timan were up 10 percent at 11 pence on the London Stock
Exchange at 0853 GMT. The Russian explorer said it appointed Konstantin Ryzhkov
and Boris Litvak as new non-executive directors with immediate effect.
All three were nominated by Kamanisk Holdings, which agreed in October to
lend Timan up to $100 million.
Timur Kuanyshev, through his investment vehicle Kamanisk, had agreed to
lend the funds in two equal tranches to pay off Timan's debt and develop
licenses in the Russian Arctic.
Timan had received $8 million of funding under the facility as of Monday.
Kamanisk, which operates in the oil and gas sector in Russia, Kazakhstan
and worldwide, has five years to convert the loan into a majority stake
representing 51 percent.
(Reporting by Tresa Sherin Morera in Bangalore; Editing by Mike Miller)
Keywords: TIMAN/CHAIRMAN
cyril

It is highly recommended that Tman oil and gas will have enough cash to generate high profits with the massive projects available. A realistic share price will be over 30p soon as the suspension is lifted and everything is in the clear ready for take off only 15% sahares available buy while you can.

More than a little miffed this am, intended to increase my holding only i got
sidelined. Up 37% so far, such is life.
cyril

just bought a few--I hope I'm not the kiss of death! most of mine are disasters lately. also bought a few aey today.

Flying today,no idea why?
Still a nice change.
cyril

MM's still short of stock and the sp moving again...

higher lows and bounced nicely off rising support at 9p.....

clearance of 12p first then move up towards 20-30p range.

Any news of the KNG production licence and this will fly....with less than 15% of the sahres available, buying on the news will be a scrabble for stock and online limits reduced to 500 or so...or phone orders only!!

Almost gave up on this one,with over 5m traded today and a early trade of 650,000 made to look like a sale(9.26am), seems that mm's are keen to play it down? Definately something happening and when it goes it could fly as this is a very cheap stock.
aimho
cyril

Might be time to re-visit TMAN as they appear to have adequate funding in place.

Volume building, perhaps some news coming soon.

large volume all buyers

Steady buying today ahead of some news perhaps.

Up 20% so far today.

this looks a no brainer for next week, chart looking oh so sexy. Not sure how this has escaped my radar but i've locked on for Tuesday ;-)