Sibir Energy now ready to progress to growth and profit

''Evening All'' - what a Great Week it's been.. Even the tosser Ptotty has given us a week off. ;-))

Sibir Touches Record High On Share Issue News

Friday, December 09, 2005 6:07:52 AM ET
Dow Jones Newswires



0948 GMT [Dow Jones] Sibir Energy (SBE.LN) shares up 5.6%, equaling record high of 388p, on news of $542M two-stage share issue. A new strategic investor, Igor Kasaev, will fund $404.6M at a price of 400p a share, and the company will ask institutional shareholders for the rest. Sibir set out ambitious expansion goals in stock exchange release Friday, but analysts are concerned by the choice of equity over debt finance for the projects. "If it's that great an asset, why can't it borrow?" asks one analyst. (GTS)


I'll tell you why Mr Analyst, the banks won't get us Yugra back from the Sibneft swindlers. The Mercury Men will.