CDS Oil & Gas Share Discussion Threads

[davidhp] 16/11/2009 10:03

AEX - Aminex - Friend of Tullow in Africa
BOR - Borders&Southern - Huge offshore Falklands acreage SOUTH of islands.
IAE - IthacaEnergy - Canadian/UK (ISAable) oiler quietly operating in UK NSea.

DYOR

[pauladrew] 13/11/2009 19:27

mlm - try TXO

[mlm] 13/11/2009 17:38

No reply as yet, If I don't get one in a day or so will send again, I am looking to get into some of the smaller oil co's while they are cheap anyone any tips I am currently in Range Resurces, Providence, Amisur, Circle, Rock hopper,Xtract and here,Thanks in advance.

[giantpeach2] 13/11/2009 12:14

had a reply yet mim

[mlm] 12/11/2009 18:30

Just been looking round for any news, I know its oldish but some might not have seen it, I have sent an email today asking if there is any progress with partners ect.

RNS Number : 8929Z
CDS Oil & Gas Group PLC
29 September 2009



29 September 2009


CDS OIL & GAS GROUP PLC

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2009 AND
OPERATIONS UPDATE




CDS Oil & Gas Group PLC ("CDS" or the "Company"), the AIM quoted (CDS.L) oil and gas exploration and development company with operations in Paraguay, today announces its unaudited interim results for the six months to 30 June 2009 and an update on its operations.





Operating loss of US$540,000 (H1 2008: loss of US$1,308,000), in line with Board's expectations


Comprehensive exploratory survey programme completed


Discussions in progress to secure funding for the next phase of operations


Principal shareholders and directors provide funds to support operations





CDS is a UK company which, through its Paraguayan subsidiary, CDS Energy S.A.(together "the Group"), has a 98.2% working interest in three large blocks with substantial oil and gas exploration potential in the prospective eastward extension into the productive Bolivian Chaco Basin in north-west Paraguay.

Enquiries:


CDS Oil & Gas Group plc
Tel: [phone]

Patrice Roman - Chief Executive Officer





Hanson Westhouse Limited
Tel: [phone]

Bill Staple / Richard Baty





UK Enquiries:





Hudson Sandler
Tel: [phone]

Jessica Rouleau





Other Enquiries



B4 Communication
Tel: [phone]

Claude Baumann / Frédéric Jacquemoud









Chairman's and Chief Executive's Review




For the six month period to 30 June 2009 the Company made an operating loss of US$0.5 million (2008: loss of US$1.3 million) which was in line with the Board's expectations. Cash and cash equivalents as at 30 June 2009 were US$82,000.




In 2009 the Company entered into a transitional period characterised by the severance of the relationship with PetroSaudi and by a work programme coming to its final stage of data interpretation.




As announced in February 2009, the former majority shareholders decided to step in by taking over the position of PetroSaudi as shareholder and as lender, subsequently converting the $2,250,000 of loans plus accrued interest into ordinary shares. In addition, in April 2009, two suppliers of services to the Group, Famay Enterprises Corp. ("Famay") and Harmattan FZE ("Harmattan") agreed to convert amounts due to them by the Group by subscribing for new ordinary shares. The loss of Petro Saudi as a major shareholder in the Company has resulted in a reduced access to funding for further expansion. Consequently, the management of the Company proceeded to undertake a reorganisation which coincided with the end of its work programme of data interpretation. Following the announcement made in May 2009 indicating encouraging potential on the two permits of Gabino Mendoza and Boqueron, the Company approached the Ministry of Public Works and Communication ("MOPC") which is also responsible for energy and mining, and succeeded in obtaining an extension of one year of its drilling commitments and an approval of its new drilling programme until the fourth quarter 2010, both of them granted in July and August 2009.




Furthermore the mutual understanding between the MOPC and the Company led into an increased cooperation in order to promote the Gas option favoured by the Paraguayan government in the context of its new Energy policy. The aim of this policy is to coordinate the utilisation of natural gas on a regional basis covering Bolivia, Paraguay and Uruguay, in the middle of which the CDS concessions are situated. Such a development has resulted in the revitalisation of the organisation called Urupabol and is expected to trigger major infrastructure investments in the Chaco region.




The ability of the Company to adjust to this changing situation coupled with the continuous financial support of its shareholders is encouraging for management in its search for prospective new shareholders. The new attraction of South America stimulated by the recent offshore discoveries on both sides of the South Atlantic and the position of Paraguay at the junction of the already producing basins of Bolivia and Argentina make it a valid area for exploration. The Company's management is seeking to capitalise on this renewed interest in the region and is currently conducting active negotiations with the view of concluding either a farm-in transaction or a partnership.



Financing




As announced on 2 April 2009, in addition to the conversion of loans and accrued interest into new ordinary shares, the Company's Principal Shareholders (being Feltown Assets Inc., Werton Finance S.A. and Red Law Corporation Services Inc.) agreed to continue to support the financial needs of the Group as it sought partners to assist with the funding of the Group's exploration activities. Over the last few months Feltown Assets Inc. ("Feltown") has paid some of the Group's expenses and a loan has accrued which at 30 June 2009 totalled approximately $578,000. Since 30 June 2009 Feltown has continued to meet the immediate financial needs of the Group. As a consequence the size of loan provided by Feltown has increased to approximately $902,000. Feltown currently holds 43,435,509 ordinary shares representing approximately 35.2 per cent of the Company's ordinary shares and therefore Feltown is considered to be a related party pursuant to Rule 13 of the AIM Rules for Companies. The terms of the loan have been agreed between the Board and Feltown. Pending the outcome of current discussions with parties interested in the Company's projects, the loan is considered to be short term however the Board understands that Feltown has no intention of requiring immediate repayment, Interest accrues on the loan at 4% per annum. The Directors, having consulted with the Company's nominated adviser, Hanson Westhouse Limited, consider that the terms of the loan are fair and reasonable insofar as the shareholders are concerned.




The Directors of the Company have not drawn their remuneration nor had their expenses reimbursed for the last 12 months.




Capital expenditure of US$524,000 incurred during the six months ended 30 June 2009 has been financed by the unsecured shareholder loans referred to above, as have subsequent expenditures.

[giantpeach2] 03/11/2009 08:19

very quiet on here, anyone know if theres any news due!!!!

[waleriuszwatrobka] 15/10/2009 14:44

...thanks, andy, will have a dig over a weekend cause at the moment CDS is a pure punt for me, gl ;-)

[andypace] 15/10/2009 14:25

The only deadline they have is to drill three exploration wells by 21 November 2010. I expect they would want to leave about a year for this, especially as they said they want the incoming partner to assist in picking the sites from the models they have created. So my guess is they would want to conclude funding by November 2009.

However, thats only my guess!!!

[waleriuszwatrobka] 15/10/2009 12:04

...when we can expect an outcome from those discussions, any deadlines, etc. ?

[andypace] 13/10/2009 09:51

Well, I don't know if yesterday was a pump & dump exercise, but I've been holding here for some time and happy to continue. 280m barrels of oil and a market cap of £6m. They just need funds to drill, and are in active dscussions to raise more capital.

[356_tadpole] 12/10/2009 20:45

Thanks Dave.

[bigwavedave] 12/10/2009 19:53

365 - can't help with CDS, I'm afraid. Nor can I say much about Amerisur that is not already known. I have an idea about what should be happening, of course, but they have lapsed into Trappist mode once again, annoyingly. I await word from Bogota.

[356_tadpole] 12/10/2009 17:53

Any ideas as to what might be happening here and at Amerisur BigWaveDave?

[waleriuszwatrobka] 12/10/2009 13:07

...interesting post from iii bb courtesy of Inside Building ;-)

CDS Oil & Gas - CDS
Two large blocks on the Bolivian/Paraguay border in the Chaco basin
Struggling explorer that is cash starved and until recently was backed by the Saudis. The Saudi shareholding and more recently debt has been acquired by two offshore investment companies Feltown and Werton. Interestingly they acquired the debt at 10p per share when CDS only trades at 2.4p with a market cap of £2.96m. Two service suppliers to the group also converted debt at 10p per share. Without trying to make this a CDS play it seems as though the upside is significant if you are willing to invest at 10p when shares are trading at 2.4p!













So in short the potential i would suggest is far more than 10p!

[pauladrew] 12/10/2009 13:03

Don't forget about RRL. Another giant in the making. Texas well news due this week.

[lol short killer] 12/10/2009 12:56

PANR starts moving up. you must be quick before too late to get the lowest price.

DYOR.

lol

[lol short killer] 12/10/2009 12:54

also, pay attention to LDP.

lol

[lol short killer] 12/10/2009 12:46

gurp, you will be well rewarded by that baby.

lol

[gurp] 12/10/2009 12:43

lsk - already hold panr,sitting on support ready to rise on expected news but being overlooked atm - like this WAS.............

[leaderzzz] 12/10/2009 12:38

just 20k left b4 6.75

[lol short killer] 12/10/2009 12:38

sold half at 5.5p, very happy for that.

lol

[leaderzzz] 12/10/2009 12:38

i think cds are going to take the leaderboard in the next 30 mins

[leaderzzz] 12/10/2009 12:38

that yours at 5.50 sk....?

[lol short killer] 12/10/2009 12:37

50% profit in less than 1 hour, sold half for a quick profit.

lol

[lol short killer] 12/10/2009 12:34

50% No 3.

lol