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BG has demonstrated it has a very, very strong business but remains concerned that the market is undervaluing this business and that it remains vulnerable to predator if the shares fail to re-rate,” Evolution Securities said in a note following the results. Analyst Richard Griffith’s valuation for the shares, based on an oil price assumption of $70/bbl long-term, is 1,605p including a bid premium – 70% above the current price – and 1,267p without a bid. Assuming $55/bbl long-term, Griffith values the stock at 1,441p with a bid and 1,136p without. In conclusion, Evolution sees BG’s shares as highly attractive.

BG reported net income up 25% year-on-year and 15% ahead of market forecasts, with a very strong performance in LNG (liquefied natural gas), where operating profits rose by 180%. Exploration and Production (E&P) profits were down 11% on the year, “but this compares favourably with BP (-32%) and Shell (-42%) despite a 4% drop in volumes,” analysts at SNS Securities said.

Kalahari is one of only five London resources stocks – majors and minors alike - to have gained in 2008, and provides an opportunity for exposure to the uranium sector. Indeed it is already being actively sought out by major mining players including Rio Tinto, which has a 13.87% holding in the Company, and Emerging Metals which has a 6.29% stake. Stephen Dattels is a driver of Emerging Metals and interestingly his most recent transaction was the sale of UraMin Inc., in July 2007 to Areva, the French government-owned fully integrated uranium company for $2.5 billion.

In addition to the uranium investment, Kalahari’s portfolio also includes extensive copper and base metals projects, two of which, Dordabis and Witvlei, are prospective for sediment hosted copper mineralisation consistent with the world class Zambian Copper Belt. A third project, Ubib, is believed to be prospective for gold mineralisation and is nearby the operating Navachab gold mine. It is also evaluating its 100% interest in the highly prospective Namib Lead Zinc Project centred on the old Namib Lead Mine.

Kalahari is a dynamic emerging exploration company with a portfolio of copper, base metal and uranium interests in Namibia. Its key investment is its current 39.59% holding in ASX and TSX listed Extract Resources. Extract’s main asset is the Husab Uranium Project, located within the uranium rich alaskite belt approximately 45km north-east of Namibia’s main port, Walvis Bay. Consistently high assay results over the last 12 months have identified Rossing South as one of the most significant new uranium discoveries in recent years with an initial resource of 108 M lb U3O8 for Zone 1 announced in January 2009. The Zone 2 resource is expected to be announced in summer 2009, which should once again expand Extract’s quantified resource base. Extract’s assets are located in a prolific uranium region, flanked by projects such as Rio Tinto’s Rossing Mine, Paladin Resources’ Langer Heinrich Mine, UraMin/Areva’s Trekkopje Project, Deep Yellow’s Tubas Project, Forsys Minerals’ Valencia and Bannerman’s Goanikontes Deposits. Recent deals emphasising the potential value of the Rossing South discovery include the acquisition of Toronto listed Forsys Metals Corp by George Forrest International Afrique for circa C$580 million. Kalahari is one of only five London resources stocks – majors and minors alike - to have gained in 2008, and provides an opportunity for exposure to the uranium sector. Indeed it is already bein

Demand for uranium is driven by the needs of the nuclear power industry worldwide, and by the demand for electricity by industry and consumers. The industrialisation of nations such as China and India, combined with a revisiting of long term energy strategies by countries, to take account of many issues including global warming, all over the globe has resulted in a resurgence in the importance of nuclear power. As new power stations are planned and built, and older ones are relicenced and refurbished, demand for uranium has the potential to outstrip supply by the end of the decade. In this economic environment, uranium mining is growing in equal importance. Key reasons for the new found support for the uranium industry include: Nuclear power will be a crucial component of base load electricity generation in developed and developing nations for decades to come due to the need for energy diversification, security of supply, economic competitiveness and environmental impact Secondary sources of uranium are limited and primary uranium supplies must increase to close the large and widening deficit between mine production and reactor requirements

Lng profit outlook extended: profit before interest and tax expected in 2009 £1.4-1.5 billion; 2010 £1.2-1.3 billion * Proved and probable reserves up 64% year-on-year to more than 5.8 billion barrels of oil equivalent. * Total e&p reserves and resources up 31% year-on-year to more than 13 billion barrels of oil equivalent * Capital expenditure for 2009-2012 estimated at £16 billion; 2009 £4 billion. * Reserves and resources base sufficient to support annual production growth of 6-8%, out to 2020 * Portfolio has longevity and scale with contracted supply volumes of 12.6 million tonnes per annum through to 2020 * Targeting production of around 225 000 boepd in Australia, with opportunities to increase this further * Queensland curtis lng is progressing well and will manufacture around 7.4 million tonnes per annum of lng, from two trains, beginning in 2014 * Initial phase of tupi sanctioned at US$3.7BN. first production expected in late 2010. * Says guar and iara production planned to commence in 2012 and 2013 respectively * BG group's share of Brazil resource amounts to over 3 billion barrels of oil equivalent. * Future development of karachaganak will take place in stages * Karachaganak production to increase from 100 000 barrels per day to 125 000 barrels per day by 2010

Anyone know why there are such huge sell volumes going through recently and especially today. I thought BATM released a statement in early Jan saying that turnover was up appx 35% on previous year and don't they have £60 million in the bank !!!

IDA DOME 30-01-09 Chemical assay results continue to confirm high grade uraniferous leucogranites, including 6m at 17,135 ppm (1.71%) U3O8 All prospects open along strike and down dip with significant potential to expand the current resource base Extract Resources today announced that, in addition to the recently completed Rossing South Zone 1 resource estimate of 108 m. lbs of U3O8 at a grade of 430 ppm (ASX release 27 January 2008), a backlog of assay results from Rossing South Zone 2 and Ida Dome have returned some outstanding intersections. The Husab Uranium project is strategically located in the centre of the globally significant Namibian alaskite uranium province and still remains largely unexplored. Future exploration work will follow up on this potential targeting known exposed uraniferous alaskites and concealed targets.

30-01-09 ROSSING SOUTH - Zone 2 Chemical assay results confirm massive mineralised system with multiple zones of high grade uranium mineralisation, including 78m @ 651 ppm U3O8 Uranium mineralisation defined over a strike length of two kilometres, also open along-strike and down-dip

Kalahari Chairman Mark Hohnen said, "Extract continues to report fantastic results across its Husab Uranium Project which underpins the world class nature of the prospect. At Ida Dome, the newly published assays suggest that the resource will greatly exceed the previously published 25.1 million pounds of U3O8. At Rossing South Zone 2, the results seem to confirm that the resource statement that Extract has targeted to be available by the end of August, will be at the higher end of its estimate of circa 105 million pounds of U3O8. This is in addition to the initial resource estimate for Rossing South Zone 1 of 108 million lbs of U3O8 published on 27th January 2009. With these results and the published resource statements for all the target zones, we remain highly confident of the potential of Husab and it being defined as one of the world's largest uranium prospects."

LONDON (Dow Jones)--Mining company Kalahari Minerals PLC (KAH.LN) Tuesday said Australia's Extract Resources Ltd., in which it holds a stake of almost 40%, has released estimates of the uranium resources at its Rossing South mine in Namibia, which makes it one of the most significant uranium finds in decades. Extract estimates Rossing South contains 108 million pounds of uranium ore at a higher grade than Rio Tinto PLC's (RIO.LN) nearby Rossing mine. Kalahari said there is the potential for future upgrades that could catapult Rossing South into the top 10 uranium deposits in the world. Extract's Managing Director, Peter McIntyre, said the results exceeded Extract's target. "The size and grade of this resource puts it into a world-class category," he said. Ambrian analyst Brock Salier said the resource is "phenomenal" and recommended clients buy Kalahari stock.

To give some idea of just how undervalued KAH currently are as opposed there piers the recent acquisition by George Forrest International Afrique of Toronto listed Forsys Metals Corp, which has a Total Measured and Indicated resource of 41.4 million pounds (0.11 kg/T U3O8 ) for circa C$580 million , while Exact have to dat 133.1 million pounds of U308 , and this is just whats been indicated so far with vastly more to be indicated in the coming 6 months according to the company, this makes the current marke cap of just £76 million seem quite derisory and certainly ready for a massive incrementation

Kalahari Minerals plc, the AIM listed mining exploration and evaluation group with a portfolio of copper and base metal prospects in Namibia, is pleased to provide an update released by Extract Resources Ltd ('Extract' or 'the Company'), in which Kalahari's subsidiary, Kalahari Uranium Limited, holds a 39.59% interest. Highlights: From discovery to a maiden resource within 12 months Highest grade granite-hosted uranium deposit in Namibia Potential for future resource upgrades to propel Rossing South into the top 10 global uranium deposits by contained metal Zone 1 mineralisation still open along-strike and down-dip Zone 2 has mineralisation defined over a strike length of two kilometres, also open along-strike and down-dip

Kalahari Chairman Mark Hohnen said, "Following consistently high assay results reported over the last 12 months from Rossing South, one of the key prospects in the Husab Uranium Project, this fantastic JORC resource estimate for Zone 1 is at the top end of our estimations and quantifies the high value of this world class deposit. This result is testament to the hard work Extract has put into defining Rossing South as one of the most exciting uranium discoveries in recent years, a feat rarely achieved in the mining industry in such a short space of time from initial discovery. Importantly, the 108 million pounds of U3O8 at a grade of 430ppm is in addition to the 25.1 million pounds of U3O8 at the nearby Ida Dome effectively giving Extract a total resource of 133.1 million pounds. "Given its location in one of the world's most prolific uranium regions, surrounded by projects such as Rio Tinto's Rossing Mine and Paladin Resources' Langer Heinrich Mine and with the true value of projects in the area being recognised, an example of this being the recent acquisition by George Forrest International Afrique of Toronto listed Forsys Metals Corp, which has a Total Measured and Indicated resource of 41.4 million pounds (0.11 kg/T U3O8 ) for circa C$580 million, it should come as no surprise that our expectations remain high for all three known prospects within the Husab project area and firmly believe that it can be developed into a highly profitable project

Fiberweb now expects to incur cash restructuring costs in 2009 of GBP12 million, with anticipated savings from 2010 onwards of at least GBP7.5 million per annum," the company said. Associated non-cash restructuring charges of GBP24 million were incurred in the second half, it added. This coming from a company who made a mere GBP1.8 mill pre-tax profit last year, with eps of 3.55p and dps of 2.50p makes pretty scary reading for me. With the divi cover of just 1.42 times, it would seem that there aint much chance of even getting a divi this year. £12million restructuring hit this year, plus associated non-cash restructuring charges of GBP24 million in the second half ; whatever that's meant as ; surely means that next year if the restructuring goes well and is on track and £7.5 million savings begin as envisaged then with the £ 36million costs this year the company will be back to square one by 2016 , at which point maybe they will be worth investing in. What price the Dans to still be here then ???

the act of selling shares singularly or in negligable quantity is a tactic allegedly used by short sellers to make it appear as though there are many , many sellers in the market , hence creating a sea of red and driving down the sp and panicking others into selling and the sp dropping. Adversly it can also be used by rampers for selfish reasons. It's not something I've ever really seen work effectively but you still see it's occurance never the less. I suppose in the case of FWEB a short period of time before the trading update is due out , that someone may be seeking to drive the sp down further so as to pick up stock before the "Great Results" are announced......Here's hoping !!!

I think that the in depth research that you and Greeter do is really very revealing and very informative , but I have noticed that whenever anyone else posts on this board you do tend to jump on them and treat their views with sinicism and intimate a lack of real knowledge on their part. Another thing I've noticed is that you are changing your opinion from a "Strong Buy" one day to a "Strong Sell" the next and then back and forth over the subsequent days. While meant merely as an observation and not a criticism I do feel that you are getting to emotionally involved with Fweb and suffering as a result of there ineptitude to drive their sp forward. Like I say your research work is exemplery and if you honed it to a more dynamic and progressive set of companies then I'm sure you would make far more returns for a lot less stress !

Take a lookat the large individual buy trades since 02-12-08 , very unusual for trading in BLCK and it would point to some very good upside to this poor performing dormant sp.

Schroder Investment increased their stake on 06-01-09 through their purchase of over 1,800,000 shares to give them an increased holding of 6.27%