We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cds Oil & Gas | LSE:CDS | London | Ordinary Share | GB00B1XN5G38 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.875 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
22/5/2007 08:13 | Good stuff Rodders. I wonder what the aeromagnetic and topographic survey results will produce? There must be something positive there for these news chaps to ante-up £8.5m and Black Rock to be seeking to commit $1.35m. | valentine | |
18/5/2007 12:59 | Venuzuela is funding the refinery announced the other day, and this chap Patrice Romero was formerly head Vice minister of Energy and mines there..He is a heavy hitter who worked for Shell and Arco plus MD of Petroleos de Venuzuela. CDS have got to have something to encourage them already. | valentine | |
18/5/2007 12:46 | This is interesting from a very recent Oilbarrel article 1/5/2007 ''CDS is currently reprocessing 930 km of existing data and working on the results of an aeromagnetic survey that was conducted in November 2006. Results are due shortly and investors will be hoping for good news. '' Rodders | rodspotty | |
18/5/2007 12:08 | Just like EEL, CDS was priced to go bust, I cannot see that kind of money being injected into a O&G tiddler explorer, without some Oil/Gas signs????? Which begs the question, have they been drilling, I cannot find an ''A'' to say that, though that does not mean they have not had the drill bit down somehere????? DYOR Rodders | rodspotty | |
18/5/2007 12:08 | CDS AGREES TO #8.526 MILLION PLACING WITH GROUP OF INVESTORS TO TAKE UP A 59.9% CONTROLLING INTEREST IN THE COMPANY LONDON, England: 18 May 2007 - CDS Oil & Gas Group plc ("CDS" or the "Company"), the AIM-listed oil and gas explorer (CDS.L), is pleased to report that further to its statement on Monday, 14 May, a group of investors has agreed to subscribe for 609 million new shares in cash at an issue price of 1.4 pence per share to raise #8,526,000 net of expenses which, post the placing, will be equivalent to approximately 59.9% of the enlarged share capital. The proposed investors are private companies controlled by Mr Patrice Roman, Mr Jean-Gabriel Antoni and Mr Christo Christidis. The proceeds of the issue will significantly improve the Company's financial position, enabling it to fulfill its contractual obligations related to the Boqueron and other concessions in the Chaco region of Paraguay and proceed to an intensive work program. The UK Takeover Panel has, conditional upon shareholder approval, agreed to waive the requirements of Rule 9 of the Takeover Code which would otherwise require the investors to make a general offer for the existing ordinary shares. The proposed investors will also be granted new warrants and options so that together with the new subscription shares, they will hold approximately 59.9% of the fully-diluted equity of the Company. The new warrants and options will be granted on substantially the same terms and conditions to match those already existing. The subscription is conditional on shareholder approval which will be sought at an extraordinary general meeting of the Company in London on 14 June 2007. Shareholders, including directors of CDS, representing approximately 55.0% of the Company's shares, have given irrevocable commitments to vote their shares in support of the proposed subscription. On completion of the subscription Mr Roman will join the Board of CDS as an executive director and be appointed chief executive officer. In addition Mr Takeo Hirata and Mr Evanan Romero will join the Board as non-executive directors. Mr Roman has a degree in law and political science from the University of Lyon and was formerly chief operating officer of Marcotrade SA, a Geneva-based company active in the trading of crude oil and refined products. Since 1992 he has been an independent consultant in the energy, environment and transportation sectors. Mr Hirata has held several important posts within the Japanese Government's Agency of Natural Resources and Energy, including that of Director of International Petroleum Affairs and Director of Petroleum Exploration and Production. He has also served as First Secretary at the Japanese Embassy in Brazil. Mr Romero is a petroleum engineer and initially worked with Shell Oil and then Arco in Venezuela. He is a former Vice Minister of Energy and Mines in the government of Venezuela and also served as managing director of Petroleos de Venezuela SA. Mr Jean-Gabriel Antoni and Mr Christo Christidis are private investors. They both have extensive international experience in the banking, trading and energy sectors and have been involved for more than 25 years in the business of oil trading worldwide and of oil and gas exploration, mainly in Africa. Mr John Bentley will continue as non-executive chairman of CDS and Mr Jeremy Eng and Mr. Guillermo Peroni will continue as non-executive directors. Mr. Daniel Morrison will continue as Sr. Vice President and executive director. Mr. James Wade will be appointed Sr. Vice President. Mr Keith Irons, a non-executive director, will stand down from the Board following the EGM. A notice of meeting and a circular with full details of the proposed subscription is being mailed to CDS shareholders in due course. Conditional upon shareholder approval there will also be a 1 for 10 consolidation in the Company's shares such that application will be made for 101,675,827 ordinary shares of 10p each in the Company to be admitted to trading on the AIM Market ("Admission"), being the sum of the consolidated existing shares in issue and the new shares which are the subject of the placing. The share register for existing ordinary shares of 1p each will close at 5.00pm on 14 June 2007. The new shares to be issued to the investors will rank pari passu with the ordinary shares in the Company arising on the share consolidation and it is expected that Admission and dealings in the new form of shares will commence at 8.00am on 15 June 2007. The warrants will not be admitted to trading on AIM. Following the consolidation and Admission, there will be 101,675,827 Ordinary shares of 10p each in the Company in issue, and 144,167,958 on a fully diluted basis following the conversion of all options and warrants. Conditional upon shareholder approval of the consolidation, Crest accounts will be credited with the new consolidated shares on 15 June 2007, the first day of dealing. If a shareholder holds a share certificate in respect of an Existing Ordinary Share, the certificate will no longer be valid from the time the proposed Share Consolidation becomes effective. If a shareholder holds 10 or more Existing Ordinary Shares at 5.00 p.m. on 14 June 2007, such shareholder shall be sent a new share certificate evidencing the New Ordinary Shares that such shareholder is entitled to under the Share Consolidation. Such certificates are expected to be despatched no later than 22 June 2007. Upon receipt of the new certificate, shareholders should destroy any old certificates. Pending the despatch of new certificates, transfers of certificated New Ordinary Shares will be certified against the Company's share register. Mr John Bentley, chairman of CDS, said: "We are pleased to have secured this substantial new funding from a group of investors with a successful track record in the oil and gas business. These funds will provide CDS with a strong financial base from which to move forward with the exploration of its Paraguayan properties including deepening of the well on Gabino Mendoza and the continuation of operations on the Boqueron Block. "We are also pleased to welcome Messrs Roman, Hirata and Romero to the board with their wide experience of the international oil and gas industry. I would also like to thank Keith Irons for his invaluable contributions to the formation of the company and his support during what has been a challenging period since the company's IPO in 2005". CDS is a UK company which, through its Paraguayan subsidiary, CDS Energy S.A., has a 98.1% working interest in three large blocks with substantial oil and gas exploration potential in the prospective eastward extension into north-west Paraguay of the productive Bolivian Chaco Basin. ENDS | markinblackpool | |
18/5/2007 11:52 | Thanks Rodders. What do you think? £8m squid is a lot drilling money! Impressive..they mean business with that investment! | valentine | |
18/5/2007 11:42 | Here is the substantial investment.... Rodders | rodspotty | |
16/5/2007 17:11 | I would not rule out CHP entirely. It would be extremely good for CHP if someone of a grander standing currently backed into CDS. If one of the big boys it will reflect equally well on CHP as they have huge swathes of Paraguay also. Summat is up. Paraguay is about to get the focus of attention thrust upon it. One strike..even a modest one would set the place alight! so to speak! | valentine | |
16/5/2007 17:03 | yes omr i wanted to say that but didn't want to seem to be deramping chp. not sure of chp's cash position but i guess it won't be too strong after two dusters and no production/revenue. cds did state major investment , so imo niether chp or blr. who knows though ? be would love to be correct for once! goo/mnt cash position is equal to cds mkt cap incidently. | lob_on | |
16/5/2007 10:36 | Certainly is food for thought, I grant you. We will stay tuned, thats for sure. | omrothwell | |
16/5/2007 09:54 | I think I tend to agree with Lobb_on. I also feel Chaco would be a bit over exposed if they took on CDS too. Ok, I am not saying Paraguay is unstable, for Val is right, but they have a very large acreage already, more than they can handle at the moment, and they have neither the cash nor the partners to explore their acreage properly. Chaco are going through a period of radical change, and I just feel they are going to go for more certain, and nearer term smaller prospects first, as they need to re-establish themselves before they take on any bigger risk. (Just my own feeling, and as Dave says, its all just speculation at the moment, and we may all get proved wrong in the end) | omrothwell | |
16/5/2007 09:33 | Paraguay is a friend to America. No suggestion of political unrest. If there was Nicanor Duarte would would be unimpressed. George Bush senior has just bought 70k hectares as 'ecological' investment in Chaco region. US invested in one of biggest underused airstrips in world on Bolivian border. US Oil co invite local bigwigs to study at Universities in Texas specialising in energy and mineral rsources. Instabilty? I think it would be frowned on in certain quarters. | valentine | |
16/5/2007 08:54 | lob - not so. CHP has plenty going on in Colombia and Paraguay. Both encouraging investment, exploration etc etc. Would make sense for CDS and CHP to team up as they both have interests in Paraguay. However, we are just speculating here...there is no deal until someone says so. | bigwavedave | |
16/5/2007 08:47 | you people should throw goo into the mix as they and mnt are actively looking for assets in south america not in goo countries they are currently operating in. cash to spend too. cds/chp deal may leave chp over exposed in paraguay . governments change and so do policies. fatal for chp! | lob_on | |
16/5/2007 08:19 | I sense CDS second drill may have a whiff of the right stuff. It was only a shallow one of less than 2000' to TG. Maybe they hit paydirt? | valentine | |
16/5/2007 08:15 | andrbea - no probs. was going to put it here last night but got distracted. Paraguay wants to become an oil/gas producer and net exporter as soon as poss. (Don't hold CDS but can't help feeling something is up. My eggs are in the CHP basket) | bigwavedave | |
16/5/2007 08:10 | chaco up 7% at open bathing in better sentiment on Paraguay? from chp thread (hope bigwavedave don't mind me posting it here) bigwavedave - 15 May'07 - 17:29 - 32948 of 32971 By the way, our good friend and president of Paraguay Nicanor Duarte Frutos confirmed yesterday that work will start on building an oil refinery outside Asuncion by the end of the year. That's quite optimistic for a country that has yet to produce commercial quantities of oil or gas. Or, of course, they might know things are about to change! Can't imagine they'd want to spend $600million (joint deal with Venezuela) on a plant unless they thought there was going to be something coming out of the ground. It will be able to process 40,000 barrels a day. They are also going to build oil and gas storage facilities and carry out further exploration in the Chaco region of Paraguay. El Presidente says "I am sure that we have hydrocarbons and this (expenditure) will allow us to do more exploration." My Spanish ain't perfect but I got the gist from this: | andrbea | |
15/5/2007 13:44 | has the bid changed to 2.25 (what I'm getting with dummy trades) level 2 anyone? | andrbea | |
15/5/2007 12:49 | some info (maps etc) | andrbea | |
15/5/2007 12:31 | Did CDS ever repay this loan? 19/01/2006 @ 07:57 Source : AFX Stock : Sterling Energy (SEY) Quote : 15.0 0.0 (0.00%) @ 11:13 | p@ | |
15/5/2007 12:23 | Al the usual CHP suspects are 'in meetings' and will be going to more meetings this afternoon. | valentine | |
15/5/2007 12:20 | Maybe.... after all, CHP is renaming itself Amerisur (the name of its Paraguayan subsidiary). | bigwavedave | |
15/5/2007 12:05 | is it possible chp have put the money up. | trotting12 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions