CDS Oil & Gas Share Discussion Threads

[bigwavedave] 25/6/2009 12:06

Doing it again?!

[andypace] 24/6/2009 22:58

The market makers were jumping all over the place from 4.0 - 4.25, it dropped to 3.0 - 3.25 and then recovered to end the day level, albeit with a huge spread.

[mlm] 24/6/2009 21:31

Why Andy, what happened ?

[andypace] 24/6/2009 15:54

What a bizarre day for CDS!?

[andypace] 19/6/2009 11:13

They don't have much cash left, but Feltown, Werton and Red Law Corporation Inc have agreed to support "the immediate financial needs of the group". Presumably this means they will cover costs until a farmout is agreed and funds can be raised at a much higher share price. Loook at DES for the amount of mark up in the share price that a successful farmout can bring.

"The Company is implementing measures to reduce its administrative costs and
overheads. On the operational side, whilst the board of CDS continues to see
significant prospectivity in the Chaco basin, the Company is actively pursuing
the farm out of its licences or a similar kind of partnership and is in
preliminary discussions with a short list of counterparties. This process is
likely to take several weeks and in the meantime the principal shareholders -
being Feltown, Werton and Red Law Corporation Inc. - have agreed to continue to support the immediate financial needs of the Group."

[cmabey] 18/6/2009 11:31

Dave: certainly will - cheers.

[bigwavedave] 18/6/2009 10:39

cm - I have not bought CDS but keep an eye on it. There have been changes to the company since the last annual report so it'd be worth reading up if you want to know the financials.

[cmabey] 18/6/2009 10:22

Dave - thanks again. That's not a lot of dosh, but then they spent $30m on surveying according to the last ops update.
When my SBE cash comes in I'll be joining you in here - hope I won't be too late for the news.

[bigwavedave] 18/6/2009 09:43

From the last annual report on the website:
Cash and cash equivalents as at 30
June 2008 were US$1.5 million.

[cmabey] 18/6/2009 09:39

Never mind - ta anyway.

[bigwavedave] 18/6/2009 09:32

Nope, sorry.

[cmabey] 17/6/2009 18:58

Ok Andy & Dave, euphoria asise, does anyone have an answer to my question of 31 May ?

"Anyone have a handle on current available cash?"

[andypace] 12/6/2009 14:29

I bought in this week - glad I did!
Had it on my watch list for years
A farmout deal should really set this alight

[bigwavedave] 12/6/2009 13:03

Hmmm... there were a couple of 600k buys a couple of days ago. I'm not in this share but keeping an eye on it as its activity may have a knock-one effect elsewhere.

[andypace] 12/6/2009 10:09

500k buy at 4p yesterday!

[bigwavedave] 09/6/2009 16:20

Larger than usual trades here...?

[cmabey] 31/5/2009 12:10

Anyone have a handle on current available cash? I see they re-purchased the PetroSaudi holding, although PS as partners should have been a cashcow.
TIA

[leapinn] 22/5/2009 10:25

The wording of this last paragraph from the latest RNS indicates there will be more exploration before drilling.

imho.

Patrice Roman, CEO of CDS stated: "The comprehensive programme, implemented by
the Company for an amount of more than USD30 million, resulted in a total
potential of finding up to 250 MMBOE. It represents a strong encouragement to
persevere in our exploration efforts and work towards the start of a drilling
programme on the Boqueron block. Discussions with prospective new strategic
shareholders are taking place with a view to covering the cost of the next stage
of the exploration programme."

[2magpies] 05/5/2009 21:43

I did.

Is it correct: they spent $30m?

That's not small.

[bigjohn75] 05/5/2009 12:41

Such a small co, that no one notices it TOP.

[topinfo] 05/5/2009 11:32

Ver quiet on here considering.??????

[bigjohn75] 05/5/2009 11:30

Bought a shed load of these today.

[mpclag] 05/5/2009 07:55

potential of oil fields confirmed today-must be revalued on this news!-5-10x what its worth today