Share Name Share Symbol Market Type Share ISIN Share Description
Cds Oil & Gas Group 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
  +0.00p +0.00% 0.875p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.5 -1.4 - 1.08

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Date Time Title Posts
02/12/201115:48CDS Oil & Gas Group674

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goz1986: 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: 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.
andypace: there's more interest being shown in the small oil plays at the moment. CDS has got left behind so should be due a rise as investors take profits on VOG, GKP,etc and look to re-allocate funds. Hopefully when funding is sorted we'll get a step change to a decent level. I'm hoping that it will reach 10p quickly on the basis of the rcent debt to equity conversion at 10p when the share price was sub 3p.
andypace: 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."
spurberry: Sorry guys. I am new to this. What is the finacial situation here? What p2 have they got if any? How good is their exploration program and where do people expect share price to go short ter/medium term. Many thanks in advance? Looking for a great short term explosive oil stock to research and buy, if not this any ideas?
andrbea: 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.
rodspotty: 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: 020 7367 8888 E-mail: Christopher Caldwell, Insinger de Beaufort Tel: 020 7190 7000 E-mail:
scubbler2: The 'oil barrel' article is a very fair reflection of the story so far.Bought in Dec 06 when the share price and company appeared to be on its knees.The proximity to Bolivia,large acreage and apparent good local connections, tempted me to have a small speculative punt and added a few more. Continue to think its worth a small investment all imo.
p@: sas this may be relevant to getting the share price up again by December. Loan agreement RNS Number:1384X CDS Oil & Gas Group PLC 19 January 2006 19 January 2006 CDS Oil & Gas Group plc Westmount Energy to participate in CDS oil & gas exploration in Paraguay. LONDON, England: 19 January 2006- CDS Oil & Gas Group plc ("CDS"), the AIM-listed oil explorer (CDS.L), is pleased to report that it has agreed a #500,000 Convertible Loan from Westmount Energy Limited, ("Westmount") the Jersey, Channel Islands, based independent energy investment company quoted on AIM, to assist the funding of its exploration programme in the Chaco Basin in North West Paraguay. The Loan is repayable on 29 December 2006, but in lieu of repayment, Westmount has the option, at any time prior to 29 December 2006 to elect to subscribe for, and apply the amount of the Loan by subscribing for and paying up five million new ordinary shares of 1p each in CDS at a subscription price of 10p per share. Westmount will waive any interest and CDS will simultaneously procure the issue to Westmount of Warrants to subscribe for a further five million new ordinary shares of 1p each in CDS at 10p per share for a period of one year. In the event Westmount has not exercised its rights as outlined above by 29 December 2006 it has agreed to apply the Loan (including accrued interest thereon) in paying up and automatically subscribing for on 29 December 2006, such number of new ordinary shares of 1p each in CDS as shall be found by dividing the aggregate amount of the Loan and accrued interest by the "Average Price" (namely the average mid-market price per share of an Ordinary Share of 1p in CDS as traded on AIM for the previous 14 trading days prior to the 29 December 2006) less 5% thereof. CDS is a UK company which, through its Paraguayan subsidiary, CDS Energy S.A., is pursuing the exploration and development potential of three blocks covering a large area (7.22 million acres or 29,210 km(2)) of North West Paraguay in South America. CDS has a 100% working interest in all three blocks, which include the 400km(2) Gabino Mendoza Block, the 4,911 km(2) PG&E Block and the 23,899 km(2) Boqueron Block. These blocks include substantial exploration opportunities in a large prospective area in the eastward extension of the Chaco Basin within Paraguay. CDS recently announced that it has reached the planned depth of 1,635 metres on its first well which has now been cased and suspended for further evaluation. The well, which was spudded on November 25, 2005, is located 200m southeast of the Independencia 1 well drilled in 1993 on the Gabino Mendoza block, which was in turn a re-entry of the Mendoza 1-R well drilled by Pure Oil in 1959. The primary objective of the new well was a potential oil-bearing zone between 705 metres and 1,600 metres, identified by CDS through its interpretation of seismic data and the well logs of previous drilling operations. Commenting on the investment from Westmount, John Bentley, Chairman of CDS, said: "We are very pleased to have the support of Westmount Energy, which has a successful track record of investing in small oil and gas companies with early stage exploration opportunities. It is a great vote of confidence in the potential of our acreage in Paraguay and of CDS's opportunities for growth." ENDS Enquiries to: James Wade Tel: + (595)-21-664-270 President and Chief Executive Officer CDS Oil & Gas Group PLC Simon Rothschild Bankside Consultants Ltd. Tel: + (44) 20 7376 8871 (office) + 44 (0) 7703 167 065 (cell) This information is provided by RNS The company news service from the London Stock Exchange END IODSFWFWASMSEFF
sagem: Oil must exist and the potential may be huge. CDS share price should rocket ............................................................................. Commenting on the investment from Westmount, John Bentley, Chairman of CDS, said: "We are very pleased to have the support of Westmount Energy, which has a successful track record of investing in small oil and gas companies with early stage exploration opportunities. It is a great vote of confidence in the potential of our acreage in Paraguay and of CDS's opportunities for growth."
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