CDS Oil & Gas Share Discussion Threads

[goz1986] 25/5/2010 20:28

I wonder how the price will move towards shut down date.... will it carry on falling or will there be some buying just before the agm?

[goz1986] 24/5/2010 13:33

davidHP: spot on my dear chap, I have just under £2k worth now at current prices and very happy and excited to be here.... in all the past rns s they say they have been talking to potential farm in partners and that they are confident of a deal at some point.... for now the three major share holders appear happy to loan CDs the money it needs to prepare for drilling....

don't get me wrong this is vvvvvvvvery risky but the reward at these prices if all goes to plan is vast!

[davidhp] 23/5/2010 09:12

Interesting that a company with excellent drilling prospects, albeit in a difficult and underexploited region, is wisely winding down fixed costs and keeping the important bit, namely the oil exploration and drilling aspect, up and running... BUT because the short termers cannot trade in and out, they see this company as dead.
It is certainly NOT bankruptcy which looms here and being unable to rapidly trade shares is certainly not death for the company.

For me, I intend to purchase some more at this price.
The shares will still exist and a share in a company is a legal share in a company.
Must get onto TDW and get them to tell me if I can still hold them electronically after delisting or should I get them certificated before the listing evaporates.

I have a lot of money from my recent Rockhopper and AYM bonanzas and so am able to afford to sit on things, with no manager screaming in my ear for month-on-month gains on my managed portfolio. Working for yourself is true freedom, isn't it?
Five yrs in a drawer? Why not?

I see an opportunity here.

goz1986... are we the only ones that can see it or what?

Fair enough, if you don't fancy the risk then sell and go away. It's your money.
Trading is about risk. High risk and high reward. Low risk and pennies. C'est la vie!

In summary for the noobs;

Company is choosing to spend its money (its investor's money actually!) drilling for oil under its legal obligations (drill by Dec2010 or lose rights to drill and any oil) in Paraguay INSTEAD of paying suits for shuffling paper, answering the phone and updating trading software and throwing money away following rules meant for midcap giants when CDS is a small nickel-and-dime operation doing real work like boot-in-mud exploration and drilling. It just so happens this company may actually be sitting on a big oil find or two and the big-or-bust cost/reward on this share is more enticing right now than when I initially bought in.

I care not that I cannot sell the shares until some future date (or never!) or illiquidly.
The moment I buy, they are a lottery ticket. I have lost the money or made a chunk. "I see oil, people."

If they said they were NOT drilling and were sacking drill teams or winding up Paraguay operations, I would have dumped them asap.
However, still drilling and two fingering the paperpushers? Sounds good to me!
Future wealth for a pitance is dependent upon a wise management team... looking at their decision it looks pretty wise to me.

Hint : STILL DRILLING BEFORE YEAR END! ££££££££ Got it now?

dyor

[goz1986] 18/5/2010 17:08

not really true is it.... 1.4p :-)
Ive bought some as i believe in a few years this will be listed again....... and it will be a very nice surprise when they do because i should imagine i will have completely forgotten about it!

so here s to long long long term investment!

[mallorca 90] 18/5/2010 13:59

Now worthless

[unconscious] 18/5/2010 10:14

Thanks for your response goz1986.

[goz1986] 18/5/2010 09:55

you will just have a share in a private company. if you part own a shop with a friend you may not be able to sell your share but your share is not worthless. CDs is delisting not packing up for good and when you look at their operations update you can see they are very much alive and kicking!

[unconscious] 18/5/2010 09:41

I don't hold CDS and never have, merely watching from the sidelines in case a decent opportunity presented it's self.

What I don't understand is why anyone would buy a share that is likely (with shareholder approval) to be delisted from AIM in June? Surely anyone buying now won't be able to trade their shares after that date and are effectively throwing their money away?

Genuine question, no de-ramp or negative sentiment intended.

[ihavenoclue] 18/5/2010 08:08

Game over ....

Update and Proposed Cancellation of Admission


TIDMCDS

RNS Number : 0840M
CDS Oil & Gas Group PLC
18 May 2010

?


CDS Oil and Gas Group plc - "CDS" or the "Company"

Update and Proposed cancellation of admission of Ordinary Shares to AIM

On 29 September 2009, it was announced that CDS's Principal Shareholders (being
Feltown Assets Inc., Werton Finance S.A. and Red Law Corporation Services Inc.)
had agreed to continue to support the financial needs of the Company as it
sought partners to assist with the funding of the Company's exploration
activities. Since then, the Company has been in discussions with a number of
prospective investors that have not yet resulted in funding being available.
Whilst the Company believes that these discussions will, at some stage, reach a
satisfactory conclusion, negotiations are still ongoing and the Company remains
dependent upon the Principal Shareholders for financial support in the form of
loans to the Company.

The board of directors of CDS (the "Board") is of the opinion that CDS's
financial situation is not appropriate for an AIM quoted company. Accordingly,
the Board wishes to announce its intention to apply for the cancellation of
admission to trading on AIM of the ordinary shares of the Company, subject to
shareholder approval at a general meeting. It is anticipated that the effective
date of the cancellation will be 23 June 2010 following the general meeting to
be held on or around 15 June 2010.

Rationale for the Cancellation

In arriving at this decision, the Board has considered: (1) the only source of
funding currently available to the Company are loans provided by the Principal
Shareholders; (2) the significant ongoing costs associated with maintaining a
quotation on AIM; (3) the relative inactivity, in ordinary share trading volume
terms, of the Company's shares due largely to the absence of a significant free
float; and (4) the removal of the ongoing obligations and costs associated with
the Company's continued compliance with the AIM Rules for Companies.

The cancellation will result in the Company significantly reducing its
administrative costs. Accordingly, the Board unanimously believes that it is in
the best interests of the shareholders to seek cancellation at the earliest
opportunity.

The Board has received undertakings to vote in favour of the resolution to be
proposed at the general meeting to effect the cancellation from shareholders
holding shares representing, in aggregate, 71.28 per cent. of the issued share
capital of the Company.

Effect of Cancellation

Following cancellation, the Ordinary Shares will not be quoted on any publicly
quoted market in the UK or elsewhere. Should the cancellation be approved, the
Company intends to act in an appropriate manner befitting a company that no
longer trades through a public market.

The principal effects of cancellation will be:

· there will no longer be a formal market mechanism enabling the
shareholders to trade their shares through the AIM Market. The Company's
Depositary Interest and CREST facility will be cancelled and the volume of
trading in the Ordinary Shares is likely to be severely reduced

· the Company will not be bound to announce material events, nor announce
interim or final results (although annual accounts will still be sent to
shareholders prior to an AGM being held, in accordance with the Company's
articles of association)

· the Company will no longer be required to comply with any of the
corporate governance requirements for companies trading on AIM

A circular providing further details on the proposed cancellation and general
meeting is being prepared and will be posted to shareholders shortly. The
circular will also available on the Company's website: www.cdsogg.com.

Exploration Update

Following an agreement reached with the Environmental Agency (SEAM) concerning
the extension of the environmental license of the Boqueron block, operations are
resuming in connection with the exploration programme submitted to and reviewed
by the Ministry of Public Works and Communication (MOPC). Subject to funding,
the Company aims to drill 3 wells by the end of November 2010 with preparation
work beginning at the end of this month. The Company has recruited Mr Ruben
Soria, a drilling engineer who has worked with Halliburton, Repsol-YPF, BG and
Schlumberger and who has extensive experience in South America, and Bolivia in
particular, to lead the execution of this programme.

[goz1986] 16/5/2010 22:59

yes but what does that have to do with CDs?

[andypace] 13/5/2010 23:08

I sold out recently as well. CSD owe a lot to the major shareholders and I was worried that they could try and take it private. If they can get a deal the shareprice will rocket. I was expecting 10p on the announcemnt of a deal.
Good luck anyway, I'll watch this with interest.

[xavico] 13/5/2010 01:40

i did hold these but decided to pull out as the risks seem too great. It may turn up trumps and for those shareholders i hope it does. I invested my money in KEA and have managed to get a 39% return so far (after 5 weeks or so). you may want to check it out. I put my hands up and admit I am biased towards KEA so always do your own research etc. I do hope CDS comes good.

[goz1986] 11/5/2010 17:21

well I don't know what to think! I do find it rather hard to put money into a firm that does not reply to five emails, even a reply telling them to stop pestering them due to being very busy would have been enough. I now have an image of a skeleton (now dead secretary after months of inaction) sitting next to a computer (covered in dust) with all my emails on it!

i do believe that they will get a further extension due to data they hold etc. However, I am not prepared buy share at these prices as i know that with every month of inaction drawing us nearer and nearer to the cut off point the share price will fall................

[kooba] 11/5/2010 08:28

from oilbarrel.
May 06, 2010

No News Not Always Good News As CDS Oil & Gas Remains Quiet





AIM-quoted CDS Oil & Gas has the potential to both excite and frustrate investors probably in equal measure. Most recently, unfortunately, it has been the latter. Formed in 2003, and with a focus on Paraguay's Chacos Basin, the company – operating locally through subsidiary CDS Energy – has some intriguing real estate in a land close to proven hydrocarbons.
The acreage is an eastward extension of Bolivia's Chaco Basin in north-west Paraguay and early work there shows promising results.Yet it is the company's shyness in handing over news of its activities that is causing a little anxiety.

The company's last formal press announcement dates back to the middle of last year, with the last set of interim results posted in September 2009.t is all reflected in a share price now hovering around the 2.5p mark, which has slumped progressively on the lack of news flow. Soon after the September interims, the share price stood at about 5.75p. But cast your mind back to 2007, and the price had broken through 30p, a glimpse of what might be possible. Unfortunately, it has been a long and steady slide, for the most part, since that time.

Some reassurance on the news front could do wonderful things in transforming the curve though. When this will come is one of the great unknowns facing investors.
On the ground, nothing has changed. The company still holds the same exploration projects covering three blocks with a cumulative 1.33 million hectares in the Central Chaco High region of the Chaco Basin.

Again, delve into the history books, and things were proceeding well as the company conducted early stage exploration. It spent some US $30m on aerogravity and aeromagnetic surveys, leading to seismic acquisition on the Emilia prospect and some other attractive parts of the Boqueron block. That was all during between 2007 and 2009 when CDS appeared less shy in telling the world what it was up to. It resulted in total potential findings of up to 250 million barrels of oil equivalent, CEO Patrice Roman declared in May 2009.

The stage was set for the next round of work, with some talk of drilling, although this has yet to materialise, and right now, looks a fairly distant prospect.The fact is the CDS team are still hurting after the pull-out by major investor PetroSaudi, which was looking to bankroll further upstream activity.

The Saudi company – which owned nearly two-thirds of CDS by late 2008 – stepped back from its small-cap investments after the collapse of the oil price.While CDS negotiated an extension for its drilling commitments of one year taking them through to Q4 2010 this still makes for extremely tight timing.

Management is actively chasing new financing options and prospective farm-in partners to plug the gap left by the withdrawal of its big partner. At the time, around April last year, some of the slack was taken up by other key shareholders and two suppliers of services to the company, Famay Enterprises and Harmattan.
But it all left the company in sleep mode, at least in terms of upstream activity, as management tried to open up new sources of funding to continue work.
How easy this will be given the current volatile market is another difficult question, but the lack of announcements clearly says something.

On the positive side, CDS still holds some important assets, with a big wad of data covering its three blocks. It also maintains good relations with the local authorities.
This will be handy if it needs to look again at extending its agreements further, to delay drilling perhaps for another year. If it can pin down a partner then this would certainly help make the decision easier for officials. Either way, CDS is entering a critical period, with the next results update expected before the end of June, just weeks away.

[mlm] 07/5/2010 10:01

Fired of another email,there seems to be a bit of trading last few days may be worth a punt at this level, the company have only till 21 Nov 2010 for there work commitment period.

[goz1986] 04/5/2010 23:27

anyone had any luck on the phone with this lot?

[goz1986] 27/4/2010 20:50

good work mlm, if you get the chance could you stick any reply up here. cheers!

[mlm] 24/4/2010 18:34

Hi Goz, was told no one in the office and someone would reply to my email, I had asked was there any progress re funding/partners.

[goz1986] 18/4/2010 19:45

mlm: trust me I am not! did you get anything from the call? might give them a bell next week or keep on sending the same email till I get at reply! persistence is the name of the game.......

[mlm] 18/4/2010 17:51

Dont hold your breath waiting for reply, I sent three about three months ago and backed one up with a phone call and was promised a reply, still waiting ! ! !

[goz1986] 17/4/2010 11:15

can safely say I won't be getting a reply to my emails! I don't really blame them as there can't be many staff on duty to deal with emails etc due to having no money to pay them........ so it's a pure punt now this one..... if a partner is found to take the cost of a well or two this will rise to a Market cap of around 9-12 million where there will be a placing (to us pis? who knows) I would guess. however, we could easily just sail along untill we have to give up our rights to the land because of failing to do minimum work load and be sat around with nothing!
being a chumpy and a very greedy one at that I will be holding and hoping!

[goz1986] 08/4/2010 15:50

no reply to email as of yet....... possibly my questions were asking too much but should get some form of reply.