Sibir Energy Share Discussion Threads

[cyberpost] 22/4/2009 15:52

willessa

foreign investors of Sibir who hold their shares outside the UK.

[gatdecor] 22/4/2009 15:48

Ok TD waterhouse cannot sell your shares for you! but after speaking again with credit suisse I would urge nobody to take the offer and I reckon a bidding war will ensue, remember these shares were over £8.00 so this offer is very cheap I do hope the institutions dont take the bait and except this price.

will the institutions primarily

[willessa] 22/4/2009 15:46

So who exactly can TNK-BP approach for their shares?

[cyberpost] 22/4/2009 15:40

IG is a member of the LSE.

You will be taking a risk if you transfer your shares to a non LSE member firm in order to sell them on to Credit Suisse (brokers in the UK are LSE members - so that would mean selling via non UK broker).

[leeson31] 22/4/2009 15:33

bloody hell - light at end of tunnel perhaps......

[simferopol] 22/4/2009 15:31

Might it not be better for us all if somebody else buys in and shoves out these theiving gangs who seem to have been raping what should be a good investment for us all? And yes I agree the sooner they are re-listed the better.

[fsu gold investor] 22/4/2009 15:27

Let the feeding frenzy begin.

[1nf3rn0] 22/4/2009 15:12

Sibir has received an informal approach from another party

That'll be Rosneft or Shell then.

[willessa] 22/4/2009 14:57

Get these sahres relisted now please!

[bohemia] 22/4/2009 14:51

Sibir Energy plc ("Sibir")

TNK-BP Bookbuild

The Board of Sibir (the "Board") notes the announcement of a fixed price
reverse accelerated bookbuild to buy shares in Sibir by Credit Suisse
International on behalf of TNK-BP at £4.30 per share. The bookbuild is a
market operation which does not involve the co-operation of Sibir.  

The Board confirms that no approach has been made by TNK-BP to Sibir or to
its advisers.

However, Sibir has received an informal approach from another party in
relation to a possible offer for Sibir. Discussions with that party are at
a very preliminary stage and there can be no guarantee that an offer for
Sibir will be forthcoming.

Further announcements will be made as and when appropriate.

[1nf3rn0] 22/4/2009 14:27

willessa - from my IG experience they wouldn't liquidate a long bet but I reckon they'd liquidate a short bet for you at £4.30! Robbing b#stards

[willessa] 22/4/2009 14:22

gatdecor - would that include ig - I have a spreadbet which I wouldn't mind liquidating @ £4.30.

[gatdecor] 22/4/2009 14:14

I have just spoken to Credit Suisse Securities they will take the shares off of PIs but only through a non LSE member as the shares are suspended, so what do I do I have 20000 shares and paid £1.50 each .... do I put my name forward or not?
thanks

[bohemia] 22/4/2009 13:33

No way a "significant minority" is their ultimate target. For now they want to block alternatives. If they succeed they'll present themselves to the Russian as the only bidder, but they'll still have to bid at least 430p for the rest.

[cyberpost] 22/4/2009 13:33

What TNK-BP are doing is testing the waters to see if they have enough takers at 430p. I think if they do (say they get close to 29%) then it will give them a platform to mount a bid as they know they have takers at that price. If they can't get hold of such a sizeable stake, then they the opposite will be true and so would be futile in launching a formal bid and so save millions (in not bidding for SBE formally).

[cyberpost] 22/4/2009 13:28

I don't think any uk broker will tender your shares.

see in the RNS :

" Member firms of the London Stock Exchange are prohibited from trading the shares while suspended "

[spectoacc] 22/4/2009 13:26

Talk to your nominee holder, as if anything this makes it even less likely they'll ever relist IMO.

But like I say - I'd be inclined to "await developments"... Just find out what your options are.

[1nf3rn0] 22/4/2009 13:25

Does this mean they will make this offer to pi's or just to institutions?

I'd be quite tempted by £4.30

[spectoacc] 22/4/2009 13:17

Blimey - are TNK-BP mad? Don't they know what holding a minority stake in a majority Ruskie-held co means?

If I were a shareholder, I'd feel like biting their hand off, but I'd wait to hear what the co says about any counter-offers...

[cyberpost] 22/4/2009 13:10

Bookbuild to buy shares in Sibir Energy plc (Credit Suisse (Eur)


TIDMSBE

RNS Number : 9908Q
Credit Suisse Securities (Eur) Ltd
22 April 2009

?
LONDON, 22 April, 2009


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION




Bookbuild to buy shares in Sibir Energy plc at GBp 430 on behalf of TNK-BP


The information is directed only at qualified investors under the Financial
Services and Markets Act 2000 and non-U.S. persons under Regulation S of the
U.S. Securities Act of 1933, as amended. The distribution of this communication
is restricted by U.S., Canadian, Australian, Italian and Japanese regulation. It
must not be forwarded to others.


Credit Suisse International has launched a fixed price reverse accelerated
bookbuild to purchase shares in Sibir Energy plc at GBp 430 on behalf of TNK-BP.


TNK-BP is seeking to acquire a significant minority stake and has not reached
any agreement to acquire shares from the controlling shareholders.


Sibir Energy plc is listed on AIM (Ticker: SBE LN). The shares are currently
suspended and Credit Suisse International make no representation as to the
accuracy or completeness of public information regarding Sibir Energy plc.


RESTRICTIONS:
* Member firms of the London Stock Exchange are prohibited from trading the shares
while suspended
* Reg. S Outside the US
* No offer to the US, Canada, Australia and Japan



INDICATIVE TIMETABLE
Books open: Immediately
Books close/pricing: Thursday, 23rd April
For further information please contact:


Matthew Duggan, Credit Suisse [phone]


Notes to editors:


Credit Suisse International, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting for TNK-BP in relation to
the matters described in this announcement and is not advising any other person
and accordingly will not be responsible to any person other than TNK-BP for
providing the protections afforded to the customers of Credit Suisse
International or for providing advice in relation to the matters described in
this announcement.

[1nf3rn0] 22/4/2009 12:53

If you look solely at the assets Sibir has, and ignore the shambles of a management (ex-management), then there can't be many reasons not to bid for them.

The main negative for a non-Russian company is probably the fact that the assets are in Russia! Shell might be in a reasonable position though as they already having a 50:50 venture with Sibir.

[stevest2] 22/4/2009 11:50

Remember the headline last October

Royal Dutch Shell is poised to take a large stake in Sibir Energy, the Russia-focused oil group, by the end of the year.

We therefore have

1. Shell trying to protect their position - this could align with the Moscow city interests.
2. You have an approach or not at £6 per share from TNK BP
3. Finally Rosneft a state owned oil company has confirmed interest

There is certainly alot happening!!!

[chickano] 20/4/2009 07:21

the company says no approach FROM tnkbp....not "no approach"