Sibir Energy Share Discussion Threads

[alwaysbanking] 31/10/2008 08:01

I suppose there goes the Football club then - best concentrate on the Hotels and oh OIL

[fengpiwang] 30/10/2008 12:01

Case lays Abramovich's interests bare
By Megan Murphy, Law Courts Correspondent

Published: October 30 2008 02:45 | Last updated: October 30 2008 02:45

The luxurious lifestyle and labyrinthine business holdings of Roman Abramovich, the billionaire Russian owner of Chelsea Football Club, were on Wednesday laid bare in a potentially landmark ruling over a Siberian oil dispute.

In the latest of a series of English cases to delve into the historically opaque dealings of the oligarchs, Mr Abramovich successfully defended efforts to sue him in London for allegedly defrauding a bankrupt Russian oil company out of billions of dollars.

[alwaysbanking] 29/10/2008 21:08

Azimut Hotel Company operates as a hotel. The company's amenities include a restaurant, business-center, and conference-hall. Azimut Hotel Company was formerly known as Hotel Sovetskaya. The company was founded in 1967 and is based in St. Petersburg, the Russian Federation.

Austrian Hotel Company owns and operates 21 hotels under the Eurohotel, Belmondo and Highway Hotel brand names. The company is based in Fischamend, Austria. As of April 4, 2008, Austrian Hotel Company operates as a subsidiary of Azimut Hotel Company.

From AB
I make that 22 hotels and shortly to be a Premier League football club (pending court case result and bailiffs sequestrating Abramovich assets0

[alwaysbanking] 27/10/2008 16:07

Money where mouth is and confident even at £2.46p - Good on yer 'enery'


RNS Number : 7744G
Sibir Energy PLC
27 October 2008
Sibir Energy plc ("Sibir" the "Company")

Purchase of Shares by a Director

Sibir was informed today that on 24 October 2008, Henry Cameron, CEO of Sibir, purchased 600,000 ordinary shares of 10p each in the
Company ("Ordinary Shares") at a price of approximately 246.29p per share. As a result Mr Cameron's holding in the Company is 1,516,976
Ordinary Shares, representing approximately 0.39% of the issued ordinary share capital. He also holds 300,000 options.

[yf23_1] 27/10/2008 14:23

I'm a bit confused - what does "hydrocarbon saturated reservoirs" mean ?

Is that oil gushing out as in the movies or is there some other connertation ?

[leeson31] 27/10/2008 13:17

The Ryder Scott report has estimated un-risked contingent recoverable resources as
follows:
P90 - 108 million barrels; P50 - 240 million barrels; and P10 - 479 million barrels.
The Mean estimate according to Ryder Scott is 269 million barrels of oil. This evaluation
takes into account only the targeted Upper
Jurassic reservoir and does not include the Middle Jurassic and Cretaceous which also
indicated hydrocarbon reservoirs.

Sibir has encountered hydrocarbon saturated reservoirs in all wells drilled so far. The
oil found on Koltogorsky blocks is very sweet
and light (over 40 degrees API) with low paraffin and asphaltine content. Because the blocks
are contiguous to an existing trunk pipeline
system, this oil may be exported as Siberia light which historically earns a $3-$5 per barrel
premium over standard Urals blend.

Based on these encouraging results, Sibir plans to drill and test an additional three
exploration wells in early 2009 beyond the eight
wells which formed the pilot exploration programme in the western and most attractive part of
the fields. To implement the winter drilling
campaign Sibir will build 45 kilometres of winter roads, redeploy five drilling rigs, and four
completion and testing rigs.

Subject to the results of the exploration programme Sibir expects to register
discoveries, book reserves and apply for 20 year
development licenses in the course of 2009 - 2010

nice!

[alwaysbanking] 27/10/2008 12:43

This will break 260p today.

[alwaysbanking] 27/10/2008 10:32

What a superb rns - yet no real share price move at the mo - what does the market want to really move sbe. $3 - $5 dollars per barrell above the urals price which I believe has been negotiated fixed at $67 per barrell equates to $72 per barrell max x 269million and still three more wells to assess early 2009.

[yf23_1] 24/10/2008 18:12

russian export tax to be adjusted 2-weekly (currently 2 monthly ?)

remember low oil price means less tax so protecting margins.
And then there's refining margins which although may be affected by oil price are not going to be as negative as falling crude.

Russian RTS closed till Tues (Bloomers ?)

[alwaysbanking] 24/10/2008 14:42

Is the court case result IN. Some extremely big buys coming in and some volatility. Maybe good news on the horizon for at least one stock in all this mess.

[alwaysbanking] 24/10/2008 14:25

oh yes it is - confusing or what - what price is SBE at the moment. Does anyone have a clue as to its value.

[yf23_1] 24/10/2008 14:04

cheap as chips

[len16] 24/10/2008 13:44

not anymore it aint

[alwaysbanking] 24/10/2008 10:07

will it break 250p. This market is unbelievable, unpredicatable yet fascinating.
Footsie over 200 points down and guess what sibir up by 10p+. Good init. lol

[ptolemy] 23/10/2008 15:44

"In papers filed at the arbitration court, Monab called the committee's preference for STT Group, now known as Russian Land, inexplicable and alleged that the company had inside knowledge of the tender process."

LOL! One has to have sympathy for a Russian Court that finds it 'inexplicable' the Mr C won the tender despite being thinrd on price....

[kibes] 23/10/2008 13:45

Well its probably not a great time to be spending $800 million on a new hotel in Moscow, particularly if you don't have the money. Could be a blessing in disguise perhaps? At least he won't need to borrow from Sibir.

[banj] 22/10/2008 21:51

Yip not a very good time for Mr T. That is not in doubt.


Developer Loses Rights to Rossiya Site
The Moscow Times - Russia
... ST Development, a property developer owned by billionaire Shalva Chigirinsky, on Wednesday lost its rights to build an $800 million project on the site ...



Anyway still long here, anyone can be wise after the event. The funnymentals look compelling and Director buying at these levels is at least, encourageing.

[kibes] 22/10/2008 09:11

Ptolemy - between 2004 and 2006 there was a lot of uncertainty about whether Sibir/Shell would really deliver the goods and get the Salym fields into production. And there was huge uncertainty behind all the MOGC stuff - did they own the Moscow refinery or didn't they? It was all up in the air. So not surprising in my opinion that the share price did not do well in that period. But now they are producing and selling finished products it all looks a lot better. The rapid fall from 850p to the current 240p is very disappointing but I am not convinced it is a buy yet. Sibir may have bailed out Shalva this time but how much more of that is there to come? He has huge property interests all of which could go pear shaped if the Russian economy is in trouble. Did Sibir shareholders really want to invest in Moscow property just when other countries are seeing a property crash?

I agree BP may be a lot safer but even so it has been a truly lousy investment over the last ten years. Even a building society would have done just as well.

[ptolemy] 21/10/2008 18:07

Davron,

I have never said any of the things you quote in this phrase "Six years ago you said they would fail, never get oil production going and we would all regret buying our shares"

I started writing that I was shorting Sibir in 2004. I was always polite about it and I also posted when I was long Sibir (though my short positions were far more profitable).

I lived in Moscow and met Shalva (sometimes daily) and Henry and know how Sibir operate in - how shall I say - the distinctly Russian manner. The truth is, you have to, to thrive and to stay independent.

I posted about Shalva's background and the significant risks to Sibir - some of which materialised - and for a time they underperformed.

Look at the charts. Russia was one of the fastest growing world markets in 2004-2006. You could have tripled your money buying any Russian bank or retailer and these busiensses faced a far lower political risk because they aren't in a strategic sector. Also, it was a time when the oil price doubled and yet Sibir's share price went DOWN. You could have been long Shell, Exxon, BP - at far lower risk and gained far more (By the way, this suggestion still applies today, imo. BP is on a yield of 7%, has Russian exposure and is widely diversified.)

I stopped shorting (and posting here) in 2006. In 2007 their fortune turned and they performed well.

I have no axe to grind; Henry plays the 'corporate responsibilty' card and Shalva is, well Shalva.

The RNS prompted me to post. I just had to smile. Only those who understand the personalities and politics (and to some extent the economics) of this latest escapade, will understand why a broad smile appeared on my face!

EDIT - just out of interest I checked the BP v SBE performance since early 2005. BP outperforms by 25% (dividend included). I prefer to sleep easy at night.

[steveofsw19] 20/10/2008 09:57

HC is going RNS crazy right now.

and why not.

I think the problem with AIM is you do need to issue an RNS every week just to keep your share price up.

Hopefully they have begun to realise that getting off AIM should be top management priority.

[len16] 20/10/2008 07:49

yes, just send your left testicle to them.

[steveofsw19] 20/10/2008 07:45

Can they give me some money to save me from my margin call?