Conder Environmental Share Discussion Threads

[hard work] 20/1/2006 19:11

jpgh,
Thanks very much.

The Directors have stated how impressed they are with the quality of the assets they're looking at. What do you believe impresses them?

The problem with the proven reserves as i see it is that they will have to pay the market rate for them and hence I don't see how shareholder value will be enhanced, but I can see value being added in increasing the proven reserves and improving the technology involved in getting the oil out of the ground.

[goody15] 20/1/2006 19:06

Can someone tell me how to get level2 working on this web site with CDE code - as the share is OFEX it wont pick the correct code up

Also does anyone know how to get barclays stockbrokers to recognise the code!!!
Flippin Computers!

[jpgh] 20/1/2006 18:30

Hard Work,

Profit in barrel of oil depends on where you are producing in the world, tax rates, Operational Expenditure, Loans/Amortisation of Capital Expenditure .... and discount factor used ..etc.

So where Concorde are going to produce Oil is sold internally at $25/bbl (revenue after mining taxes + transportation costs is taxed at a low rate of 25% or so) or exported at Brent ($65) minus $3 to $4/bbl discount as Russian Crude (Urals) typically contains sulphur or slightly less middle distillates ..etc than the Brent standard. Also all crude revenue in excess of $25/bbl is taxed, in Russia, at an effective 90% rate if exported. Once all this is plugged into an economic feasability type model you would value Concorde's assets, once declared (!!!) and once producing, at somewhere as low as $3 and as high as $10/bbl depending on which corcumstances you apply to model.

In short if Concorde soon declare that their Pechora Asset contains 20 million barrels of P1 equivalent (C1 I think under Russian categorisation terminology) then then company's value will/could/should soar from aprox $10m currently to anything beyond $30 or $40 million or even higher depending on validity of asset reserves report.
Gas, in the Pechora region, is worthless so if there is any gas assign no value to it.

Thats why I bought...... for the 3 to 4 bag potential coem next April or so.

JPGH

e.g.

[johnyee7] 20/1/2006 17:30

Tried to pick up 50k shares today at 5.25p but they'd only let me have 25k,reckon they must be short of shares at the moment.A report on newsnight last year said average cost to get the stuff out of the ground was about $7 per barrel, so someone's making money somewhere.

[hard work] 20/1/2006 13:42

4.75 - 5.25 now - how long can it carry on going upwards in a straight line??

Anyone know what sort of profit there is in a barrel of oil?

[andy] 20/1/2006 11:19

johnyee,

knowing how shrewd B.Rowan is, that wouldn't surprise me!

[johnyee7] 20/1/2006 10:54

Think they got them for a lot less than 0.75p pre ipo.

[andy] 20/1/2006 10:33

wassaper,

Up again this morning, now 4.5 - 5.25!

Starvest (SVE) also up, probably in recognition of their large holding of this stock, bought at 0.75p!

[wassapper] 19/1/2006 19:45

no nothing yet. I will post if I receive it.

[hard work] 19/1/2006 12:02

wassapper - any reply from Wall Street Reporter?

[romanrory] 18/1/2006 11:33

hey i,m in, took up offer from Etrade blindly , already a six bagger hope the one to five year projection comes to fruition(itll pay off my mortgage)
meanwhile will stay in background as usual as you guys can banter & i,m just a listener
keep up the good work

[andy] 17/1/2006 23:08

hard work,

And I don't see what is so price sensitive about that!

Very strange, I don't recall hearing anything that was particularly price sensitive, AIM listing in March maybe announced too early?

[hard work] 17/1/2006 22:56

Wassapper,
How odd!
There was nothing really new in the article (even the news about the move to AIm has been disclosed before in an interview), basically a re-hash / consolidation of all the news releases so a typical bullish PR exercise. The only thing that I thing that was given away was the fact that Pechora included a rail terminal.

[wassapper] 17/1/2006 22:01

I had not listened to the interview so thought I would give it a go tonight. It has been removed from the site. I have asked why and await a response.

You guys may have heard more than you were meant to! Try to remember and tell me!!! :-))

[andy] 17/1/2006 17:04

wassaper,

Ok sorry to hear that.

I thought Centamin looked interesting, PAF looks good, but will probably have to raise funds within 6 months(IMO), Vane looks worth investigating, Tertiary, whilst looking undervalued, is three years away from production.

Galantas I hold, and AIM listing is coming, all looking ok, Eastern Med too far away from prouction for me at the moment.

Hope CDE rising price makes you feel better!

[wassapper] 17/1/2006 16:53

Sorry - under the weather. It must be bad for me to miss free food and wine! Learn anything useful?

[andy] 17/1/2006 16:08

wassaper,

Well I was there!

Yet another good day!

[jpgh] 17/1/2006 14:26

After listening to Peter Hughes interview on Wallstreet program last night bought a few in in at 4.55p.

fingers crossed

jpgh

[sranmal] 17/1/2006 10:13

Cheers for the heads up, have bought a few. Interview was very interesting. They are following a similar path to IEC (although targetting more near-term production opportunities), and we all know what happened there.

[wassapper] 16/1/2006 19:28

Great day - glad I bought last week. Andy, maybe see you at Minesite tomorrow?

[flashheart] 16/1/2006 11:09

I have VOG, DES and PET all of which I have sold a portion and retained the rest as 'a free ride' if you like. EME which if it carries on like today may join them. COP, COIL, MOG, FEP and CDE which I optimistic on. Plus one failure in GPC which is now not worth selling but will probably dump on the first good rns (if there is one). We shall see anyway.VOG is by far the largest holding moneywise. As you say the potential outweighs the gamble and you only need a couple of successes.

[andy] 16/1/2006 10:47

flasheart,

It certainly is!

10 small oil and gas stocks is a lot to monitor, but if they are all doing well, then you may have to be quite selective about which to sell.

I hold fair size (for me) holdings in SEY and JKX, both of which I expect to do well this year, and also have smaller holdings in FOGL and FTO, which are more risky, but the potential justifies the gamble IMO.

I am watching TXO.

[flashheart] 16/1/2006 10:34

Andy,

Its certainly off and running now!

[flashheart] 16/1/2006 10:11

At least we have some. Thing is I now hold 10 small oil & gas stocks in varying quantities so will be looking to off load 3 or so in the coming months. CDE stays though!

[andy] 16/1/2006 10:08

flasheart,

Well I was going to top up again later this week, so today's rise is premature for me!

I hope they settle down now, until Wednesday at least!