Sibir Energy Share Discussion Threads

[surfer2] 09/11/2007 10:41

is 550 support now?

[banj] 08/11/2007 20:55

LoL! me too, loverly :-))

[leeson31] 08/11/2007 17:01

:-) dozed off !!! lol

[leeson31] 08/11/2007 08:49

thats good Banj ! :-)

afr come off a tad, but still in accordance with expectations, as they say.... holding firmly.

sold my addax stock yesyerday. might be tempted to flog just 2k shs in sbe soon..

[banj] 08/11/2007 08:05

Sibir Energy plans to invest over 250 mln usd in Moscow retail expansion




LONDON (Thomson Financial) - Sibir Energy PLC said it plans to invest more
than 250 mln usd over the next five years to expand its retail fuels network to
over 200 units in Moscow and the Moscow Region.
The investment, via Sibir's downstream subsidiary Moscow Oil and Gas Co
(MOGC), will be funded from internally generated cash resources.
Under the plan, MOGC will build over 120 new MTK-branded petrol stations
featuring modern fuelling facilities, convenience stores and car washes.
Additionally, 80 existing retail assets operating under the MTK and "Nefto"
brands will be consolidated under the MTK brand.
The expanded and upgraded network is expected to sell over 1.5 bln litres of
motor fuels a year and result in one of the largest networks of convenience
stores in the region, Sibir said.
MOGC will rationalise its fuels storage and distribution network, closing a
number of terminals and upgrading strategic facilities.

[e-mail]

[banj] 05/11/2007 19:32

AFR, IEC steaming!

SBE mention below

LONDON (Citywire) - As the oil price approach $100 a barrel BlackRock's Robin Batchelor believes company valuations have failed to factor in record oil prices.

Batchelor, who is AA-rated by Citywire thanks to strong risk-adjusted performance on his 2.7 billion euro (1.9 billion pound) MLIIF World Energy fund, said: "Investors can get exposure to the high oil price by investing in energy companies exposed to oil price changes. Those that have not hedged their future oil production.

"Many of these businesses are still valued assuming an oil price thirty or forty dollars below today's level, so investors can benefit as valuations move up to bridge the gap."


Batchelor highlights Addax Petroleum and Sibir Energy as examples of undervalued oil companies.

He believes the high price reflects the current tightness of market fundamentals, as well as the demand growth brought on by the approach of winter.

He said other drivers include Middle Eastern geopolitical unrest, a weak US dollar, lower US oil inventory levels and Mexican supply disruption.

Batchelor foresees global oil demand remaining strong for the coming year, regardless of events in the US, as a result of emerging market demand.

He said: "2008 global demand growth is expected to be fairly robust, even if US oil demand growth is reduced to zero. When this demand picture is compared to forecasts for Non OPEC supply growth, the oil market looks set to remain tight over the next 18 months."

In the last three years, the MLIIF World Energy fund has returned 127.1 percent while the MSCI World/Energy TR index has risen 100.8 percent, according to Lipper.

[fatfin] 04/11/2007 18:47

Hi $ good to see you around here again. I also drop by from time to time to realise what I have missed. I was holding 30k of these and sold out at 441!!

I went into 50k Hawk and some shell with my proceeds from Sibir.

Like you I am still unhappy about Putin - it is in the eyes they are continually watching - and distant at the same time.

Fatfin

[leeson31] 31/10/2007 10:15

u see hawk is going for it, at 50.5p at mo banj. i bought some at 43p hehe. on t25 but will prob flog just b4 value date..

[leeson31] 30/10/2007 20:53

top man Banj !!!


:-)

Cheers

[banj] 30/10/2007 20:45

Cheers $!

Leeson - oil in the charts inset. :-))

[banj] 30/10/2007 20:45

Refinery Back In Business


Bloomberg

MOSCOW - Moscow Oil Refinery, the only crude processor in Russia's capital, will resume normal operations on schedule this week after a month of maintenance reduced output.

The refinery will resume operations Tuesday or Wednesday, spokeswoman Zoya Smirnova said by phone. The refinery used reserves to meet demand in October, Smirnova said, declining to specify how much the maintenance work curbed production.

Moscow Oil & Gas Co., a venture owned by the city of Moscow and billionaire Shalva Tchigirinsky's Sibir Energy Plc, halted exports from its share of the refinery's output in the third quarter, Tchigirinsky said in a statement Oct. 19.

Fuel supplies in the Moscow region have been tight in the past month after traders shipped more crude and products abroad before an increase in Russia's export duties on Oct. 1, Tchigirinsky said in the statement.

[dollarhogger] 27/10/2007 18:23

Hi guys

Banj an guys this investment opportunity might be just up your street when Salym runs dry!!!

Russia's offshore reserves 'like seven North Seas:' Shell Russia

Lisbon (Platts)--26Oct2007
Russia's as yet untapped offshore oil and gas reserves are equal to up to
seven times the area of the North Sea, Chris Finlayson, chairman of Shell
Russia, said Thursday.

Speaking at the 9th EU-Russia Industrialists Round Table in Lisbon,
Finlayson said the Russian government had forecast substantial growth in
offshore production and set a target of 20% of total Russian oil and gas
coming from offshore by 2020.

"That's the equivalent of well over three million barrels of oil
equivalent per day on stream in the next 15 years. Beyond 2020, this is the
resource base that will be needed to play the role on world oil markets that
the Russian government aspires to," he told delegates.

"The Russian offshore is usually given as around four million square
kilometres, which is equivalent to seven times the North Sea, by which I mean
all the countries bordering the North Sea and their industries. Many of those
basins have been found already to be very prospective and others look
promising on the limited data that's available. But if we were to assume that
just half of these areas have the potential to be developed as a North
Sea-type development and you consider the ice cover, you get some idea of the
resources required," he added.

Referring to an analogy used by Shawn McCormick, vice president of
international affairs at Russian-UK joint venture TNK-BP, Finlayson said the
two companies "can sometimes appear to be like two gentlemen squabbling in a
canoe as the waterfall approaches."

While industry can consider questions of energy security now and the
importance of a political framework, he said, in the end, Europeans are going
to be highly dependent on Russian oil and gas for generations, and not simply
for the next two or three years.

"The biggest challenge is how we are going to ensure energy security for
the long term. To me, that is a question of politics indeed, but also simply
of the scale of investment that will be required," he said.

Over a century ago, Russian oil accounted for 30% of the world's
internationally traded oil and gas. Before the First World War, half the
capital employed in the Russian oil and gas industry was from foreign
investors.

"But uniquely, Russia still accounts for 20% of oil traded across borders
worldwide and 30% of gas, even 100 years later. But to maintain that market
share, Russia will need to discover and develop new resources. The good news
is that there is still a tremendous amount of oil and gas to find in Russia.
The challenge is where it will be found," said Finlayson.

The new oil and gas is going to be found increasingly in "frontier
environments," he said--in Eastern Siberia and the Arctic offshore--and these
areas represent "tremendous" technical, environmental and financial
challenges.

In Finlayson's view, Russian offshore is the most promising and also the
most difficult province for Russia owing to its size, remoteness and harsh
climate. "It will require huge amounts of capital, manpower and human
ingenuity to deal with these challenges," he said, adding that a conservative
estimate would be that the Russian shelf ends up as being equivalent to three,
and not seven, North Seas.

It has taken about 40 years to develop the North Sea to its full
potential--it reached peak capacity by 2000--and it is considered to be a
great success, Finlayson said. It is an area of half a million square
kilometres and a lot of innovation was required for its development. It was
facilitated by its relative proximity to the main population centers, while
much of the Russian shelf is thousands of kilometers away from any urban
centers. This fact alone significantly increase the planning and costs
involved, he said.

In the North Sea, it took more than 6,000 exploration and appraisal wells
to reach the present, "moderately matured" stage. Peak production of 6 million
bbl/day of oil and 30 Bcf/day of gas was achieved at the turn of the 21st
century. And the industry has had to invest more than $1 trillion "in 2006
money," to develop the North Sea.

With more than 6,000 offshore structures put into the various sectors, it
has required the resources of several large state companies and of the world's
major oil and gas companies to reach this level of maturity, said Finlayson.

"The Russian oil industry is a highly developed one. It has a long
history and a significant range of expertise. It has a tremendous track record
on exploration, particularly back in the Soviet era. But increased exploration
of both onshore and offshore frontiers will be hugely technically challenging
and extremely costly. And the infrastructure challenge of developing these
frontier provinces is simply on a scale that the world has not seen before.

Cooperation in large and complex projects with host governments is
Shell's "preferred way of operating." In Russian, Shell, Gazprom, Mitsui and
Mitsubishi are working together on the world's biggest integrated oil and gas
project, at Sakhalin. That area is frozen for five to six months of the year.

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The greater the Western involvement the less the Putin risk so even I might join you in this venture!!!

Good luck
$

[thumper1] 25/10/2007 21:15

nice to see you back$ .

[dollarhogger] 25/10/2007 19:34

Hi guys

News about our friend Roman A landed in my mailbox - thought you might like to see how he is spending your money.....

OligarchWatch: Russian Billionaire Roman Abramovich to Buy Italian Airline
NEW YORK--Russian businessman Roman Abramovich, the owner of Chelsea football club and the governor of Chukotka province, plans to buy a controlling stake in a private all-cargo Italian airline Ocean Airlines for approximately 300 million euro, according to a source close to the negotiation.

After RIA Novosti, a state-owned Russian news agency, reported the story, Mr. Abramovich's spokesperson denied the existence of negotiations between the Russian businessman and Ocean Airlines. However, aviation industry experts explain that it is only logical for Mr. Abramovich and his company to try to avoid publicity before the deal is closed. They add that the timing for purchasing the all-cargo airline is right - the international cargo business between Europe and Asia is growing at a robust pace.

Ocean Airlines, established in 2003, is an all-cargo airline whose headquarters are in the Brescia Montichiari Airport (Italy). The airline's fleet is composed of Boeing 747 all-cargo aircrafts. It mostly provides cargo services to destinations in Asia and Europe. Ocean Airlines is said to be planning an IPO in the UK, Mr. Abramovich's current home country.

Millhouse Capital, an investment firm controlled by Roman Abramovich, holds stakes in many businesses in Russia and around the world, but does not yet have any interest in the transportation industry. However, Mr. Abramovich is not a novice in the industry: he owns a private Boeing 767 jet called "The Bandit" and, according to The Times, is buying the new A380, the largest passenger aircraft in the world. When used by commercial airlines, the A380 is capable of accomodating up to 800 economy-class passengers.

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If of no interest Banj I'm quite happy to edit...

Hope all is well with you guys
$

[thumper1] 25/10/2007 16:52

sold some the other day and brought rbs what a mistake looking at it now.

[leeson31] 25/10/2007 15:22

shud rise agin here soon banj..... 575p fist stop... then the 600p....

[leeson31] 25/10/2007 06:20

more magic



Sibir Energy plc ("Sibir")


Sibir Spuds First Exploration Well


Sibir announces that on October 20, 2007 it spudded its first exploration well
on block 14 of the Koltogorsky exploration licenses 180 kilometers northeast of
Nizhneyvartovsk in the Khanty-Mansiysk Autonomous Region in Western Siberia. The
well is the first of an eight-well drilling campaign on the Koltogorsky blocks
to be conducted through 2008.


The block 14 well is expected to take 65 days to drill to a depth of 3,050
metres and will target reservoirs in the lower Cretaceous and Jurassic. Drilling
operations are being managed by Sibir subsidiary, Magma, together with Russian
contractors and drilling rigs.


Comprised of eight license areas the Koltogorsky blocks together cover 2,100
square kilometers (520,000 acres) with an estimated 970 million barrels of C3
resources (Russian classification 1). The blocks lie near the giant Samotlor oil
field, one of the largest in the world, and are bordered on the west by a number
of Samotlor satellite fields and on the east by a range of other producing
properties in Russia's most prolific oil producing region.


Since the licenses were originally issued in 2004, over 2,500 kilometers of 2D
seismic profiles have been acquired, processed and interpreted, indicating the
existence of 39 identifiable oil traps in the Lower Cretaceous and Jurassic at
depths of 2,600 to 3,200 meters.


Commenting on the announcement, Sibir CEO, Henry Cameron, said, "Spudding the
block 14 well at Koltogorsky is the first step in Sibir's program of upstream
expansion and demonstrates the company's commitment to grow using the drill bit.
We expect to announce results of the first drilling phase in the first half of
2008."


1. The Russian classification of C3 hydrocarbon resources constitutes
prospective resources presumed to exist based on indicative geological and
geophysical evidence, but as yet unverified by drilling.

[leeson31] 25/10/2007 06:19

Number:0931G
Sibir Energy PLC
22 October 2007


Sibir Energy plc ("Sibir")

SPD Production Record

Sibir today announces that the crude oil production rate at its Salym fields
exceeded 100,000 barrels per day (bopd), a new record. The Salym fields are
located in western Siberia and are operated by Salym Petroleum Development NV
(SPD), Sibir's 50:50 joint venture with Shell.

The new SPD production record brings Sibir's 50% share of production at Salym to
over 50,000 bopd. Combined with production from Sibir subsidiary, Magma, at the
Yuzhnoye fields in western Siberia, Sibir's total daily production now exceeds
57,000 bopd.

Commenting on the announcement, Sibir CEO, Henry Cameron said, "Today's
announced 100,000 bopd production rate at Salym, a month ahead of schedule,
represents a 57% increase in the daily production rate since the beginning of
2007 and a major milestone for the project since initiating commercial
production less than three years ago. A large part of our growing production
from the Salym fields is slated for delivery to the Moscow Refinery where the
company realises additional value from oil products trading and retail sales
through its petrol station networks in Moscow and the Moscow Region."


Enquiries to:



magical :-)

[leeson31] 23/10/2007 11:32

hi Banj, i dont suppose you have an oil chart that could be put in the header of the thread ? :-)

[banj] 22/10/2007 19:41

Aton's take on the news - looks like SBE going to start the new year on a postive note:

Sibir Energy. Spuds first exploration well at Koltogorsky blocks

Sibir Energy announced that it had commenced exploration at its recently acquired Koltogorsky blocks in Western Siberia. The company spudded the first exploration well, targeting lower Cretaceous and Jurassic horizons on October 20, and expecting reach its target depth of over 3km in approximately 65 days.

We see the news as a confirmation of the company's plans to expand its upstream operations, as previously indicated, organically and via acquisitions. At the same time, we expect the results of the drilling to be a more important factor affecting the potential valuation, and thus expect a muted market reaction to the announcement.

Our 12-month target price for Sibir Energy is $13.9, with a Buy recommendation

:-))

[banj] 22/10/2007 19:38

Great to hear from you $, you are missed here that is for sure fella.

I will take a closer butchers at HAWK. When the bacon comes in tell Hopsing to get that soup on again, because we'ra comin over!

All the Best :-))

[leeson31] 22/10/2007 18:53

sorry dollarhogger, i mean TMAN not TMA ... timan oil.....
just read spangls post :-) i read all of them...... just dont post ..

let me know what u think of tman when you had a look. latest rns quite interesting..

cheers

[dollarhogger] 22/10/2007 18:35

Hi Leeson

Take a peek at Spangles post 5349

Good luck
$