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

Confidant - CBM/COIL/XTR all connected, CBM being the parent/banker.

Rodders

Trading suspended in MEO shares on the ASX pending an announcement by the company...

http://www.asx.com.au/asxpdf/20061130/pdf/3zw15zf3pkqdw.pdf

Remember COIL owns 25% of this company, however if you include their options its is 37.5%!!!!

Rodders

Rodders,

Just checked the news and no announcement has been made yet. Shares finished up 8% though. Any ideas what the news could possibly be?

Hi Rodders, do you think its good news.

Morning folks, interesting turn of events.??? the share price rise on Wenesday was probably due to Santos's substantial gas find close by to MEO's 100% concession in the Timor Sea, this can be proccessed in MEO's Methanol plant close by, when it is constructed, the viability of which can only be enhanced by this further find in the area.

http://www.santos.com/Archive/NewsDetail.aspx?p=121&np=78&id=988

As to the MEO's share price being put in suspenders, here is my take...

1. 70% - some kind of fundraising 20m !!!! for the drilling program. Remember I told you MEO/COIL/CBM/XTR boys were in London last week.
2. 20% - a major coming onboard to finance the drilling program.
3. 5% - an unsolicited approach by a major.
4. 5% - other factors.

DYOR IMO

Rodders

Just topped up the 50K @3.6p is my buy. DYOR

Rodders

Santos have a good relationship with MEO and already own 10.5%, they have just had great results from drilling nearby, so maybe they have offered to fund the drilling for a bigger stake in the company????? DYOR

Rodders

Their showing your buy as a sale Rodders.

oilyrag, computer always posts a trade as a sell if its below the mid price, human input still the best...LOL

Rodders

oilyrag, you were asking about fair value for COIL at the present time, this is a what I call a very fair value, worked out by another...

Well I reckon the NAV of COIL is 5.8p per share. The MEO stake is worth 17 mil on its own.

Just to qualify the above statement:

Investment in Methanol (MEO)inc wts = GBP 17mil
Investment in ELKO based on a conservative float price of 50 cents (minimum expected from reliable source) = GBP 3.5 MIL
Kyrgyz assets (conservative value) = 2 mil
Cash = 1 mil
Exercise of warrants at 3p = 6mil
Total 29.5 mil

Fully diluted shares in issue = 510000000

NAV = 5.79P

The interesting thing is MEO has been rising steadily in AUS for some time. They were suspended yesterday pending an announcement (shares had rised intra day before suspension). Therefore I would suspect good news could be on the way.
Recent conversations with bosses during their recent visit to London mentioned that the initial target was to stick a 1 in front of the share price. Could be bravado or could be a whole lot more.

Even where things stand at the moment COIL are trading at a big discount to NAV. These shouldn't be dismissed lightly.

Rodders

Rodders,

I was looking forward to coming in this morning and seeing that good news in MEO had lifted the share price of COIL. Oh well another weekend of drinking Carlsberg rather than Veurve.

Surprised that I am the only punter to have a pop on the outcome of the suspension, you can pick them up at sub 3.6p. DYOR

Rodders

Thanks Rodders, only thing now is the time for MEO to request end of suspension, I believe its 48 hours in oz, and announce whatever it is.

The 100K @3.45p is a buy, not mine though. DYOR

Rodders

oilyrag - by the time we wake up on Monday then, we should know whats what and the reaction to MEO's share price. DYOR

Rodders

Having slept on it, my 70% on a placing for the drilling is out of the window, to early after the London visit, these things take time to set up. I think it more likely that it is something to do with this find in close proximity to their acreage and early pre-market interest in MEO shares as a result......

http://www.santos.com/Archive/NewsDetail.aspx?p=121&np=78&id=988

to much of a coincidence. DYOR

Rodders

Rodders, what are the chances do you think of a possitive announcement from MEO, followed by a substancial rise in their sp, followed by no change in COIL's sp. Even though COIL have a substancial holding in MEO I have a sneaky feeling that the AIM market won't recognise their investment until MEO start to produce. What do you think.

It is quite possible, if MEO just re-iterates the ''A'' in responce to the Santos find that it did for the NXS ''A'', however if a major like Santos was interested in a stake, then this would put a value on MEO's assetts, which punters can understand, then we would get a spike in COIL. DYOR

Rodders

Hi cynic, knew you couldn't resist, just kidding, MEO.AX currently suspended for up to 48 hours pending an announcement. Looking at the subject matter within this thread, Monday /Tuesday could be big gains for COIL depending on the outcome of awaited announcement. It may be time to re-evaluate the high risk rewards one can get from a smaller company that may be about to take off. Trading on Friday was within a very narrow spread.

We have an ''A'' to say still suspended, prior to..... ?????

http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=on&asxCode=MEO

Rodders