CDS Oil & Gas Share Discussion Threads

[andrbea] 15/5/2007 12:03

what we don't know either is:

the equity stake; for which field is it?


eg for boqueron they already have the farm-in option with blr


could it be for Emilia?


see this dd March 2006:


"The Company is actively pursuing the farm-out of both the Gabino Mendoza and Boqueron blocks and has had discussions with a number of companies which have expressed an interest. CDS will also consider the raising of additional equity finance in order to strengthen the Company's current working capital position to the extent that farm-out revenues fall short of expectations.

For the remainder of 2006, subject to securing additional finance or farm-in arrangements, CDS plans to focus its efforts on shallow oil exploration around the Emilia well in the Boqueron Block, and continued exploration for deep Devonian gas in the Gabino Mendoza Block. The Emilia prospect located on the Boqueron Block to the south, remains the most prospective of CDS's properties and, although no hydrocarbon reserves have yet been proven, independent studies have estimated a risked recoverable resource of 40MMBO net "

[valentine] 15/5/2007 11:31

OK tx. Didn't realise it was back in Oct 2004. Long time in prep then?
He has been meeting the great and good recently though, as emissary for el Presidente and Mr Minas y Energia!

[bigwavedave] 15/5/2007 11:14

Bit earlier than that, Val. I will email info.

[valentine] 15/5/2007 10:56

Guillermo Peroni was appointed a Director of CDS last year according to Oil barrel. The mystery deepens.

[andrbea] 15/5/2007 10:52

there's also a recently signed agreement between Venezuela and Paraguay (Chaco basin)
So who's the substantial equity partner?
Instead of Petrobras it could be PDVSA.. or both?

all conjecture of course.. :-)


Paraguayan President defends energy agreement with Venezuela

Posted April 24th, 2007 by TariqueInternational Asuncion, April 24 (NNN-PRENSA LATINA)

Paraguayan President Nicanor Duarte Monday defended the agreement the country has signed with Venezuela to build an oil refinery and to prospect for oil.

The signing of the agreement took place on April 16, during the First South American Energy Summit in the Venezuelan resort island of Margarita, and it envisages the building of an oil refinery at a cost of about 400 million to 600 million USD.

Duarte declared to the media that the objective of the refinery is to process 40,000 barrels of oil a day and to export refined products to nearby countries.

Paraguay and Venezuela will jointly build the refinery in Villa Elisa, on the outskirts of Asuncion, at the end of 2007. The refinery will be run by a joint venture set up by the Venezuelan State Oil Company, PDVSA, and Paraguayan counterpart, PETROPAR

The agreement includes other initiatives like the storage tanks in Rio de la Plata and the search of gas and crude oil in the Paraguayan region of Chaco.

[valentine] 15/5/2007 10:40

Company's non-executive Chairman, and Mr Guillermo Peroni, the founder and senior partner of. the highly-respected Paraguayan law firm Peroni Sosa Tellechea ...
www.cdsogg.com/documents/Interim%20statement-Sept%202005%20complete.pdf

Looks like Guillermo Peroni has more than an an interest in CDS. Major law firm in Paraguay as well as being British Ambassador/Consul..funny what you find when you look. No wonder they all make a path to his door.
Perhaps someone can find the doc on CDS site?

[andrbea] 15/5/2007 09:43

blr up 7%

what's driving that then?

cds related or non-cds related?

[cerrito] 15/5/2007 07:42

Daily Express
SHARE WHISPER: CDS Oil & Gas (talk of imminent news on a deal on its Boqueron
concession in Paraguay)

[andrbea] 15/5/2007 07:21

from chp thread
relevant to this thread IMO

hope that Valentine doesn't mind me reproducing it here

/.....
But it does sound like a substantial amount is being invested based on CDS Mkt Cap.
CDS have one partly drilled 3500' well, from last year, which needs a bigger heavier rig to take it the last 1500' Plus they have another shallower well somewhere not too fardistant of about 2000' which their rig can manage.
They must be close to target depth with the second one by now. Rainy season ended six weeks ago. Plenty of time to get cracking and achieve TG.
Rumours last year suggested Petrobras of Brazil were interested in a stake. Be very interesting if they are!

[andrbea] 14/5/2007 19:07

2 options

the MMs either drop it to the issue price tomorrow (ie lower)

but, the share price could rise for 2 reasons:

the early salvos for that equity stake could have been those big trades last Thursday (buy was then 1.75p). But we don't know how much has been bought or by whom... If U read the RSN it's as if NO stake has been taken yet.

for someone to take a stake in CDS is usually it's a sign of confidence
i.e. CDS (with more capital assets) could actively explore more blocks per year, than before.

so more potential oil/gas strikes per year, so a higher forward p/e IMO = a higher share price.

[cathdrew2] 14/5/2007 18:36

What does this mean for the price tomorrow ??

[valentine] 14/5/2007 18:14

How much? Who? Is it someone other than BLR?

[rodspotty] 14/5/2007 18:11

RNS Number:5809W
CDS Oil & Gas Group PLC
14 May 2007




14 May 2007

CDS OIL & GAS PLC
("CDS")

STATEMENT RE: SHARE PRICE MOVEMENT

The directors of CDS Oil & Gas PLC (the "Directors") note the recent movement in
the share price and would like to state that the company is in discussions which
may, subject to the fulfilment of certain requirements, lead to a
substantial investment of new equity. The Directors are confident that these
requirements will be fulfilled. Should the investment be completed,
the issue price would be at a level that is below today's closing mid market
price of 2.375p.

A further announcement will be made if appropriate.

For the avoidance of doubt, the contemplated transaction would not constitute an
offer for the purpose of the Takeover Code.


Issued by:


Simon Rothschild, Bankside Consultants Tel: [phone]
E-mail: [e-mail]


Christopher Caldwell, Insinger de Beaufort Tel: [phone]
E-mail: [e-mail]

[valentine] 14/5/2007 16:34

Not me GD but I hope to.
They have to say what's up based on the trades and the subsequent rise today!

[greatfull dead] 14/5/2007 16:30

Some money made here today.

[valentine] 14/5/2007 16:23

CHP are definitely in Curapayty. Better if CDS issued an explanatory RNS!
There is something up and it's to do with the farm-in.
Has another suitor turned up to lay claim to the area?

[mpclag] 14/5/2007 15:14

I thought I had lost my money in this one-but now looking a bit rosier! Holding!

[valentine] 14/5/2007 14:58

All quiet all of a sudden!
It may be that someone else is about to steal a march on BLR.
BLR have 100 days to come up with their farm-in stake for 20% unless someone makes a better offer in the interim.
I would have thought we'd have seen an explanation already. Maybe after hours now?