Sibir Energy Share Discussion Threads

[willessa] 29/5/2009 15:26

No. Take the money. Move on. I have trebled my money.

IG have given green light but has not confirmed whether they can sell direct or have to accept the offer and wait a month.

Now to find another Russian outfit.

Done IEC - now reckon PTR looks good for a re-rating.

[gatdecor] 29/5/2009 15:19

just a thought , if these shares ever did get re listed and the price went to £8.00, would we not feel truly mugged for taking £5.00 offer?
As someone mentioned earlier we still have not heard the results about their other oil field.

[fsu gold investor] 29/5/2009 14:16

I am a U.S. shareholder and will try to participate in this tender offer.

Will post what happens after contacting my broker.

[quattro44] 29/5/2009 09:03

My broker in the UK (Brearley's)also said that they had not received any information nor forms until I sent them the links and contact details. They then contacted the registrars who are sending them the necessary deatils and forms and they fully expect to be able to sell the shares thereafter(hopefully). I think that the problem is that Renaissance will not entertain dealing in denominations of less than 10000 shares, so they are forcing the brokers to amalgamate all their clients nominee shares into one pot so they can then distribute accordingly. But only imho.
q44

[nackaerl] 29/5/2009 08:57

Steve 73,

i'm living in belgium and have the same problems with my broker.Shares are held in a nominee account and broker tells me no information concerning offer is receives untill now.

My hope is a relist, only i'm affraid the price will be much lower unless there's a squeeze out

[nackaerl] 29/5/2009 08:56

Steve 73,

i'm living in belgium and have the same problems with my broker.Shares are held in a nominee account and broker tells me no information concerning offer is receives untill now.

My hope is a relist, only i'm affraid the price will be much lower unless there's a squeeze out

[steve73] 29/5/2009 04:09

hummm,
After looking through the information disclosure link above....
I'm currently a UK non-resident. Seems as though I'll be unable to sell?
My shares are held in a nominee account by i-dealing - no news yet if I can seel through them anyway.
Any other non UK residents around that can comment?

[willessa] 28/5/2009 22:57

Did anyone successfully sell today?

PS I didn't try.

[quattro44] 28/5/2009 22:08

follow links

[squintyflinty] 28/5/2009 19:12

On which page is the acceptance form that needs to be signed and witnessed?

[quattro44] 28/5/2009 12:10

I am now further advised that the Registrars have no details as yet and are refusing to deal in the shares. So now we have the dealer and the Registrar who will not take the shares.
This is starting to look a bit 'naughty' as my broker just quoted.
q44

[bohemia] 28/5/2009 11:54

If you trade with Renaissance, don't forget to consider the dealing costs (vs any processing costs of accepting the offer).

[bohemia] 28/5/2009 11:52

The offer document says electronic acceptances will be credited cash in three business days, certificates will get cheques mailed in 3 days.

[quattro44] 28/5/2009 11:47

I (stupidly) hedged my bets last week and sold some of my shares at £4.00. The money was in my account within 2 working days. I have just told my broker to sell the rest at £5.00, and he has confirmed he has arranged that with Renaissance and the settlement will be 2 days.
q44

Edit: I have now been told that Renaissance will not deal in share amounts less than 10000 and and as such the broker cannot sell them if it is less than that. Apparently one has to go through the registrars

[willessa] 28/5/2009 11:02

Even if you use thier selling facility rather than accepting the offer?

I would have thought there would be normal 2 day settlement.

[dougie471] 28/5/2009 11:00

davys are saying that it could be 8-10 weeks for funds to come through.

Anybody have any further information on this

[dougie471] 28/5/2009 10:37

i am selling my 31500 at £5. I cant see anyone else coming in again Gazprom. They have already seen off BP and others who were making noises wont go up again Gazprom now. This is all going back to being state controlled (gazprom is state owned so you cant trade their shares)

[willessa] 28/5/2009 09:09

I agree - the chances are slim. Just going to give a few days to consider whether there are any other possibilities being floated.

Don't get me wrong - I am very happy with £5.

What is anyone else going to do?

[cmabey] 28/5/2009 08:38

Will: what are the chances anyone else will want 6% of this? Not huge I think considering they'll be up against Gazprom - unless just to annoy them, but that's a risky business.

[willessa] 28/5/2009 07:07

Looks like we can get immediate cash settlement.

Question is do we take it now or wait 21 days in case a counter offer comes in?

I guess any counter offer will have to move quick. I will probaly give it the weekend and then take the cash.

[squintyflinty] 28/5/2009 01:20

Can we trade in Gasprom?

[banj] 27/5/2009 21:23

Might pop my profits into Gazprom Neft. Lol! Getting an absolute bargain here with Kotolgorsky, Salym, Moscow Refinery and network of gas stations.

Mr T, you must be crying in your beer!

[sakamuka] 27/5/2009 18:10

Relko - its still all being sorted out, you will be able to soon, may take a day or two.

[relko] 27/5/2009 18:01

James Brearley telling me

"can't sell while shares are suspended"

Any advise ?

[curt3] 27/5/2009 16:38

crying shame we never got the update on appraisal at Kotolgorsky field. I think its probably mega and Gazprom is going to get it for free as the established assets are easily worth the £5 we are getting !!