Sibir Energy now ready to progress to growth and profit

Hi napoleon

You could be right, although in their press release they state they will still persue gettin back their 50% stake in Yugra.

What is interestin though is their comment thet they will be aimin to get reserves of between 700million and 1 billion metric tonnes (5.18 - 7.4 Billion barrels) with production figures of 74.6mbbls(1.42mbbls/week)(203,000bbls/day) - 88.8mbbls/year(1.7mbbls/week)(244,000bbl/day). To quote pretty definate figures like thet don't it make you think they have target deposits in their sights!!!!!Definately Oil Major talk even usin their lowest figures!!!

Reckon the market could go a bit quiet now until the New Year with the SP slippin a bit - an opportunity maybe to top up at a very good price. Now I said thet whats the chance they will make some statement thet will take the SP straight up through £4.00!!!!

Good luck
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