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!

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.

It should continue on the Up.

Read the reorganisation info on the Sibir website and the Assets SP price.

Thia SP ias extremely cheap.

Come Q4 05 when production really steps up at SALYM , Also the crap with MOGC and also the hopeful resolution of the illegal dealings by Roman's Company for the 'Stolen' Oil Field will be resolved.

No reason why SP should not hit 350 by Nov 05.

Thanks for that there seems to be a lot of interest of late in this share and lets hope it carries on upwards.

Patience is required with this share, but there is tremendous upside once the City believes that it now has good control of its assets.

Would anyone like to touch this share with my bargepole

Sibir energy up 2p today to a tad under 2 pounds. I really do see that this share will take off, every possibility that it will be immininently as we head into Mid june. The second half of the year. Sibir is extremely fortunately that it has a skilled, local workforce who want this company to succeed wether it be under the SIBIR umbrella or another russian company umbrella. It is at the moment a very weak price making it susceptible to a takeover and maybe that maybe the root behind all the in house problems. SIBIR I believe will go it alone, but the interest in it and/or its potential is fast approaching. A GOOD SHARE like this one can only be held back for so long so its now time to buy. I'm confident I have 10000 which I bought at its peak at 2.365 in December 04 still waiting, but still confident. DYOR

A considerable amount of black buying, every share sold is being snapped up - GET READY FOR LIFT OFF - GOOD NEWS IN THE 'PIPELINE' (excuse the pun)

http://www.spdnv.ru/en/

Website of the Salym Project

This is on the move really, bankone.

Anyone know the outcome of the action against SBE which was taken by London legal firm acting for a client which they refused to name ?

Court case put back to sept. 2005 in B.V.I.,I i understand.

mb
I thought that the BVI case was being pursued by SBE against Mr Chelsea etc. The one I was referring to was against SBE and seemed clouded in mystery. SBE went to Court to find out who the pursuer was.At least that is my last memory before going on hols.

Double click on SBE and read recent RNS ETC.