someone really should call Empire and ask if the deal has really been cancelled or is still in a negotiating phase

and if it is cancelled why do the recent PR's sill count in the additional magma production

just sent a mail to sibir and got this back:


This is the Postfix program at host asia.telenet-ops.be.

I'm sorry to have to inform you that your message could not be
be delivered to one or more recipients. It's attached below.

For further assistance, please send mail to <postmaster>

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<investors@sibirenergy.com>: host mail.sibirenergy.com[212.119.45.4] said: 550
5.1.1 User unknown (in reply to RCPT TO command)

Yes i know that but they should know more than us or could find out more for us.
Parkin stated to direct all questions to them and not to call him directly.

true, this is really a case for the IR
anyone willing to call them now?

ask about the magma deal and if it has been cancelled why they are still speaking of the 7 million barrels in the recent PR's (another acquisition we dont know yet??)

On data 7, OOO Of "sovlink", which comes out by the financial consultant SE and MNGK on sale of "magma", in the beginning of December directed to the potential buyers of company the letter with the proposal of acquisition by 98% of regulation capital of "magma". Claims from the buyers with the indicative proposals start to the end of January, after which Of "sovlink" will declare the short list of the companies, which will gave the possibility of the more careful study of the business of "magma" and among which will be selected conqueror.


Maybe someone should contact Sovlink to find out about the sale!
http://www.sovlink.ru/russian/contacts/contacts.html

I tried to email Sibir about this in the past as well but never got a reply.
Also companies tend to deny acquisitions etc when they are still negotiating or if the deal is not finished yet.

But i don't think Eik i lying though

another find: employee

http://msk.superjob.ru/resume/?id=505953&parent=239
use babelfish

WORK EXPERIENCE
General period: 24 years
Operating cycle: From January 2005 on the present time
Post: Engineer- electronics (partial employment)
In the company: OOO "North Western petroleum group is management", Moscow
Oil production.
The function responsibilities: Selection, purchase by computer and org of technology. Tuning and the optimization of work of local network. Modernization, apdeyt and the upgrade of working stations and servers.

Magma oil company sale


http://www.citon.com.ua/news.php?id=388

translated with babelfish:


News | Sibir Energy and Moscow natural gas company declared tender to sale 98% of regulation capital NK "magma"
29.12.2005 sibir Energy and Moscow natural gas company declared tender to sale 98% of regulation capital NK "magma"
Sibir Energy (SE) and Moscow natural gas company (MNGK, SE in it it belongs to 31%) they declared tender to sale JOINT STOCK COMPANY "magma" - the oil-producing enterprise SE, which at present is introduced into regulation capital MNGK.

On data 7, OOO Of "sovlink", which comes out by the financial consultant SE and MNGK on sale of "magma", in the beginning of December directed to the potential buyers of company the letter with the proposal of acquisition by 98% of regulation capital of "magma". Claims from the buyers with the indicative proposals start to the end of January, after which Of "sovlink" will declare the short list of the companies, which will gave the possibility of the more careful study of the business of "magma" and among which will be selected conqueror.

As reported coowner SE Of shalva Chigirinskiy, the solution about sale of "magma" was accepted by the council of the directors OF MNGK during November. According to him, now the "magma" is located in the process of introduction into regulation capital MNGK and in parallel is sold. "active membership will be sold in such a case, when us arranges the price proposed, he stated. - We can it not sell ". Thus, contribution SE to regulation capital MNGK it can become not "magma itself", but rescued from its sale means.

Mr. chigirinskiy refused to name companies, which interested themselves in active membership. According to data 7, the claims of podali several potential buyers, among whom participants in the market call PRIVATELY HELD COMPANY "North Western petroleum group" (together with the the Hungarian MOL it realizes project on reconnaissance and output of hydrocarbon raw material in the section "Surgut -7" in Khanty Mansiysk AO). The President OF PRIVATELY HELD COMPANY Ernest malyshev confirmed the participation of company in the tender. Furthermore, by "magma" it can be interested IN TNK-VR, since the developed by company southern layer is connected with conduit with the point of the delivery of oil of the Nizhnevartovskyyo petroleum and gas extracting enterprise entering in TNK-VR. However, the representative OF TNK-VR refused to comment on the participation of holding in the tender.

Previously Shalva Chigirinskiy declared, which evaluates "magma" more than in $200 million. Takeing into account the sums of last auctions on sale of licenses for reconnaissance and development of the petroleum deposits, on which final price into dozens of times exceeded initial, experts evaluate "magma" still more expensive and assume that for it they can pay $300-350 million.

JOINT STOCK COMPANY "NK" magma "conducts output on the southern layer (Nizhnevartovskiy region KHMAO), whose residual extracted reserves are evaluated at 11,7 million tons of oil. Output in 2005 will grow by 37,5% with respect to the past year and will be 330 thousand tons of oil.

That looks the same but i see Sukhov is gone and Generalov is back?
looks like their website crashed or something (because a few days ago the images wouldn't load properly and yesterday it didn't work at all) and they restored an old backup

now it's not loading at all for me
no connection to the server
maybe they are updating their site :)

looks like dns server change for the domain name

having trouble opening the SZNG site
http://www.szng.ru
working for anyone else?

0.21 close
very nice :) up 13.5% for the day

http://www.tvel.ru/en/corporations_enterprises/mineral_mining_enterprises/priargunsky_mining_cpa/

this seems to be our 'Priargunsky'? http://www.auruscorp.com/sites_priargunsky.asp?sec=sites

"JSC Priargunsky Mining and Chemical Production Association is one of the largest uranium mining enterprises in the world and the biggest one in Russia. It is the major diversified mineral mining entity in Chita region."

wow :)

most russian companies also are listed on the german exchanges
very popular

blackjack aka mr obvious basher

when the bashers get out of their cave you know more PPS rise is lined up

someone should contact Parkin and find out

China Natural Gas Adds Two Additional Natural Gas Filling Stations
Monday September 25, 9:33 am ET

NEW YORK--(BUSINESS WIRE)--China Natural Gas, Inc., (OTCBB: CHNG; website: www.naturalgaschina.com) the first China-based natural gas public company traded in the U.S. capital market, today announced that it has completed acquisition of two additional retail compressed natural gas filling stations located in the city of Xi'An, Shaanxi province. The two acquisitions bring the total number of operating company-owned retail filling stations to 11.

Chairman and CEO Qinan Ji said: "We are pleased with the continued progress we are achieving toward completing our targeted goal of 21 company owned natural gas filling stations by the end of 2006. Sales at our existing stations are on target and we continue to experience strong customer demand for cleaner alternative fuel such as compressed natural gas. China Natural Gas is well positioned to deliver strong revenue and earnings growth for 2006 and moving into 2007."

About China Natural Gas, Inc.

China Natural Gas, Inc., ("CHNG"), a Delaware company, is the first China based US public natural gas services provider that owns and operates a 120 kilometer long compressed natural gas pipeline in China's Xi'An area, a fast growing Chinese city supported by a population of approximately 8 million and is the "gateway" to the broad Western regions of China. CHNG has three profitable business segments: end user delivery of natural gas services to residential, commercial and industrial customers; wholesale natural gas to retail natural gas filling stations; and retail natural gas at company-owned natural gas filling stations. The city of Xi'An has approximately 20,000 Taxis, 3,000 buses and 2,000 special purpose vehicles that are powered by compressed natural gas.

"The company also reported that the financial statement should read reserves instead of debt, since the ore reserves are in operation, a offsetting transaction is need to balance the financial statement and the financial currently show long-term debt. The company does not have any long-term debt."

http://biz.yahoo.com/iw/060516/0129549.html

interesting article:



Selling Juniors? You Must Be Kidding!
http://www.kitco.com/ind/Hommelberg/sep182006.html

"Well, guess that doesn’t need any further explanation here, the bottom line is:

Companies in discovery stage will do well anyhow no matter what the gold price does in short term!

Now why are juniors making discoveries so profitable? It goes far beyond the scope of this update to explain in detail but the key-point is that major producers are forced to acquire juniors because of the need for more reserves."

great run today

Magma Fields (first half of 2006)

During the Period our subsidiary, Magma, continued to make important contributions to Sibir's results at the Yuzhnoye field in West Siberia. Magma drilled 8 wells, completed or recompleted 10 wells, and performed 33 well workovers in the first six months of the year. An aggressive hydrofraccing program begun in 2004 continues to deliver positive results. Over 23,000 linear meters were drilled with one rig and lifting cost increases have been limited to the rate of ruble inflation. The unusually cold weather in the early part of the year initially hampered the timely completion of these programmes thus slowing production at Yuzhnoye, but production has recovered and exceeds 7,000 bopd as we go to print.

During the Period Magma submitted to the local authorities a plan for development of the Orekhovskoye field which lies contiguous to the Yuzhnoye field. Magma has received approval for the plan, which may lead to an increase of as much as 50 million barrels of C1+C2 Russian classification reserves for Magma.



Magma operational highlights for the first half of 2006 include:

•Completion and commissioning of a $5 million Central Processing Facility (CPF) and water injection system.

•2,063,240 barrels of water injected for reservoir pressure maintenance through 15 water injection wells;

•23,140 linear meters drilled with one rig for a total of 8 wells - cost of drilling and completion averaged $705,000 per well;

•10 wells completed/recompleted, 33 well workovers and 51 well service jobs performed over first six months of 2006;

•no lost time or injuries;

•no environmental incidents

The move to the AMEX should happen soon now which they applied for earlier this year
I received a message back from their IR that said "We think it shouldn’t be more than 30 days but are still waiting."

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4385730%3C/a%3E" target="_blank">http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4385730%22%3Ehttp://xml.10kwizard.com/fi...

what's the current B/A?

that PR is much older!

NWOG President Malyshev Discusses Corporate Plans
Tuesday June 20, 6:12 pm ET

MOSCOW--(MARKET WIRE)--Jun 20, 2006 -- The merger of Nord Oil International (Other OTC:NDOL.PK - News) and North West Oil Group is an important step toward satisfying the global demand for petroleum, according to Ernest G. Malyshev, president of the merged company.

etc etc

that rubber stamp is for US uplisting/ticker change

the news yesterday was about an additional listing on the london AIM

nice and steady today

http://img.iex.nl/content/2006/columns/fvdwtilt14_09.gif

chart speaks for itself
a pullback is 100% normal after this massive runup

first when oil was rising a few weeks ago everyone saw it going to $100, now that it's dropping everyone sees it going to $50 and sub $50

the truth is, this is still only a correction in the long term uptrend

The majority shareholders is only a few persons here: the current management and Vladimirovina (sp?)

"Yulia Sozina, general director of the Northwest Oil Group, said proceeds from the MOL contract would be invested in new projects."
http://en.rian.ru/analysis/20060905/53556732.html

another article on the sale and here she is called General Director (as on the SZNG site)
it was just a mistake by the other reporter to call her CEO

what would you expect him to do then?
pretend and act he didn't say that to debelg?

now that would look silly

some clarification:

>They are doing seismic tests from last year in October 2005? I thought they just released a PR that they are going to do it now.

Those tests they announced in the PR are for the Saratov fields, this article is about the Surgut-7 field under the NWOG-MOL JV. Not the same region.

>Somehow Julia is the CEO?
yes, of «North-West Oil Group - MOL» Ltd


furthermore:
"Kommersant wrote that NWOG paid $11 million for the concession in the spring of 2005, but noted it could be worth double that amount now."
that is excellent news!

again interesting view
It could be possible they are delaying all of the news about moving exchanges etc because they will get bought up by a major.
However "knowing" Malyshev i don't think he wants to lose his company and they stated more than once they want to grow from a junior oil company to a russian major.
We'll know soon enough now i think!

very valid points you have there Eik
excellent view

very quiet here now

Debelg: any luck on calling Parkin/Stevens today?

couldn't have been too many people with this tiny volume lol

don't think that's really the reason
Malyshev knows what he's doing and they want to grow from a junior oil company to a Russian major. why would they dally?
they can't do that overnight

they did the merger in may if i recall correctly? we're only 3 months further yet!

if you held them up till now, no point to sell since this is more than likely the bottom
downside potential is VERY limited
upside potential... the sky is the limit

this could run hard on news
i suggest holding if you don't need the money