Member Info for Unglove

With the 20% increase in sp of WTN today the CBM shares should now be worth >£2.50. A bit of profit taking going on at the moment (and why not!).

225k purchase at 135p

"The current market value of Cambrian's listed investments is £222.70 million, equivalent to 228p per share as at 4 April 2008." With WTN sp still increasing it is probably close to £2.40 per share now.

WTN sp also increasing significantly today - think its sp is 217.5 CBM seems very undervalued...

Many thanks for your post and have been reading up on CBM and its businesses. Wish I had bought into WTN (thought about it when sp was 140ish but wasn't expecting the further surge) and into CLN. However I did buy into CBM on Friday morning. After doing a little arithmetic I am amazed at the potential for these shares. Cambrian mining have 60-70% of their financial interest in coal and WTN and CLN are their major interests. They had 48 million shares in WTN but with the sale of Falls Mountain they gain a further 18.7 million and an option for a further 4.5 million shares or 14 million CAD (the share option was cut from 9 to 4.5 due to the huge increase in WTN sp). Adding all the WTN shares gives £147 million at current sp of WTN. It gets even better considering their other interests are in minerals especially gold with a substantial production. There are 97.5 million shares in CBM.

Cambrian Mining Plc. confirmed it is in talks with the independent executive directors of Coal International Plc. regarding a potential offer to acquire the issued share capital of Coal International not already owned by Cambrian. The company said current discussions are focused on a share-for-share exchange, with the proposed ratio still under negotiation.

This one looks good & note the strong link with WTN

http://translate.google.com/translate?u=http%3A%2F%2Fwww.rusenergy.com%2F%3Fpage%3Dnews%26id%3D90415&langpair=ru%7Cen&hl=en&ie=UTF-8 http://in.reuters.com/article/asiaCompanyAndMarkets/idINL2866299520080328 Hopefully some news in next week...

as pasted from the ADVFN website: The report states that it "addresses issues related to financing" and the announcement on the topic will be done "as soon as possible". Source close to Timan Oil and Gas, explained that they were attracting funding, "is not associated with any" placement of shares or bonds. He did not name the size of the loan, noting only that the amount would be "less than $ 100 million."

Before the drill update sp reflected that there were concerns that (a) no news of progress since high pressure salt water influx (b) worries that due to proximity in depth that presumed oil target was salt water (c) very unlikely first well could proceed any further and (d) indago would have insufficient funds to drill second well. We now have some news and it indicates that they still think there is a large collection of oil to be found and that they may be able to continue first well successfully. They also have sufficient funds to drill second well. I suspect sp has not increased significantly as there will obviously be delays of some months before there is further progress. The fall in sp seems inappropriate...

"We are hopeful, however, of getting back on track with the Al Jariya well if current remedial operations prove successful. Clearly, the geological information suggesting that the prospectivity remains substantially undiminished drives us towards seeking to complete the well. Despite the additional well control costs incurred recently, the company remains adequately funded for its budgeted drilling programme. Furthermore the possibility that some, or even all, of the incremental costs resulting from the well control incident may be covered by insurance is very helpful" Sounds like there may be a further drill update in a month or so - either announcing that they have moved onto the second well or that they have found a way of continuing with the original well.

http://www.oilvoice.com/n/Timan_Oil_Gas_Signs_Memorandum_of_Cooperation_with_Gazprom_Subsidiary/a798c3b7.aspx http://royaldutchshellplc.com/2007/11/13/financial-times-gazprom-considers-timan-and-imperial-energy/ My guess is that Gazprom will provide finance and there will be a share dilution. Good news for Timan.

http://in.reuters.com/article/asiaCompanyAndMarkets/idINL2866299520080328 Seems to indicate finance needed urgently but also that deal could be completed very quickly.

The timing of the share suspension is just after some success in legal battles but also when initial results are middling and they are short of finance. Timan did mention that they were expecting finance deals in the near future. A takeover could be possible...

1. enough money for both wells & monies likely to come from insurance 2. oil likely to be only a 50-200m away - so could still be very successful 3. but delays again as will need to sidetrack & need special equipment - so may start second well soon & go back to original later. This news is probably as good as we could have hoped for...

I guess Uri was under the influence when he gave those enthusiastic reports. Perhaps a sober Uri could let us know how the finance contracts are progressing - although I doubt many would take Uri seriously...

The sp may go up 10-20% or so when and if they announce a finance deal. It would seem likely that they will get a finance deal and I hope it is announced in the next few weeks. The initial results were not exciting although I agree that there is great potential - but will the water injectors produce sufficient pressure to give a high bopd figure? It may take a year or more for this to occur...

http://uk.reuters.com/article/oilRpt/idUKL0324988920080303 Encouraging article

despite the cautious announcement today. Once they get good pressures with the water injectors then they could have 3,000 bopd with the extra drills and up to 9 billion barrels to produce...

Is there any official confirmation of progress? I prefer to read Geodude on iii website. There may be positive news to come but it may well be negative - if you can take the high risk then hold.