Conder Environmental Share Discussion Threads

[jackohelp] 26/2/2006 09:32

andy> i'm doing a bit of research . of course i'm talking about pechora the bloody oil company in respect of due diligence and the mou that runs til 1/3/2006... read this news release extract.

DETAILS OF THE PLACING

The placing consisted of the issue of 44,444,444 new ordinary shares being
placed with Institutions at a price of 2.25p (GBP 3m market capitalisation),
raising GBP 1m before expenses.

The majority of the funds raised will be used to complete due diligence and
gain a competent person's report regarding the acquisition of Pechora Energy,
as announced on 7 December 2005. In addition, some of the monies raised will
also be used to carry out due diligence on the two neighbouring fields to
Pechora Energy's assets which may be considered as future acquisitions and to
provide due diligence for a further potential acquisition in the Volga Urals
region. In total, this work is estimated to cost GBP 800,000. The remaining
GBP 200,000 will supplement the Company's working capital requirements.

when i say do people know about pechora, i mean how much 3p, 2p 1p reserves do they have ? Who are the engineers----

"The field has been evaluated by a well known firm of independent oil industry consultant engineers. The mix of proved, probable and possible reserves matches Concorde's stated acquisition objectives."
if they dont acquire an interest in pechora that's a lot of money gone on due diligence.

Any other thoughts

[captainfatcat] 26/2/2006 07:25

Rumor has it a new contract has been won to supply a Russian e&p company with oil spill equipment.

dyor etc etc

[andy] 26/2/2006 00:32

Here is a map to help you visualise where Pechora is;

[andy] 26/2/2006 00:01

aldharve,

About what exactly?



JAckohelp,

Perhaps you could make your question more specific, so that we can determine what exactly it is you would like to know?

For example, Pechora is a sea, a place, and an oil company, as far as I can make out.

Here is an extract regarding the area in Russia where Pechora Energy are located.
=============================================================================

Breaking the ice

Pressure on the Arctic hardens as Russian oil and gas companies go offshore. Meanwhile, problems concerning investments and technological solutions remain unsolved.

Atle Staalesen, 2001-12-13 15:41

By some the Russian shelf is seen as the future of Russian oil and gas industry. Recently, the academician Alexander Lisitsyn from the Russian Oceanology Institute optimistically claimed that as much as 40% of world oil and gas reserves are located on the Russian continental shelf. Only 2% of these reserves are presently "explored".

There has been a growing interest in Russian offshore oil and gas industry, not only in the Russian Far East and in the Caspian Sea, but also in the Russian Arctic. Twelve offshore oil and gas fields have been discovered only in the south eastern part of the Barents Sea and the Pechora Sea. Another 15-20 fields are expected to be found in this area by 2010. Also the Kara Sea contains considerable reserves. The two so far most prospective fields, the Shtockman gas-condensate field, where Norsk Hydro, TotalFinaElf, Conoco and Fortum are cooperating with the Russian Gazprom, and the Prirazlomnaya oil field, have a planned production start-up in 2006.

[aldharve] 25/2/2006 21:24

so none the wiser!!!

[andy] 25/2/2006 20:04

jackohelp,

Do you know for sure they are spending "rafts of money"?

or are you speculating?

[jackohelp] 25/2/2006 20:00

does anyone know about Pechora. Obviously the company is spending rafts of money on 'due diligence' but does anyone know from a different angle about pechora?

[andy] 25/2/2006 12:01

hard work,

Yes, I think you may be corect there.

I don't expect an announcement on the 1/3/06 either, they may be still in negotiations.

[hard work] 25/2/2006 09:45

I agree MM. Part of me thinks it was issued to soothe the nerves as D day approaches.

[mmorrismikey] 25/2/2006 09:19

Don't think they would make statements like that if things were uncertain.
MM

[hard work] 25/2/2006 09:16

This was from their news release last Wednesday:

PETER HUGHES, CONCORDE'S CHIEF EXECUTIVE, COMMENTED:

"Steven's appointment will bring additional robustness to our internal
controls, which will be essential as we progress our business plan. Steven's
existing knowledge of Concorde will enable him to have an immediate role in
this important period for the company as we continue to evaluate our proposed
acquisition of Pechora Energy. As announced at the end of last year, we have a
period of exclusivity on Pechora until the beginning of March; progress
continues on schedule."

The final sentence would seem to indicate that everything is on plan. Wether completion will be on 1st March however, I don't know.

[matt] 25/2/2006 06:45

aldharve

Don't know what does anyone else think.

1. Deal falls through / they pull out?
2. They finalise and announce the deal?
3. They agree an extension to exclusivity?
4. They continue negotiations without exclusivity?

[aldharve] 25/2/2006 06:25

what if no rns by then?

[matt] 25/2/2006 05:17

jackohelp

I couldn't find CDE on IG but they do now do Starvest, SVE the major shareholder of CDE.

Is it the last boarding call for the Pechora Energy deal before the exclusivity expires on 1/3?

[leesonlookalike] 24/2/2006 23:03

i dont think so my friend; normally just AIM......but may be if you shop arounbd, someone may open a "call" or short for you....

[jackohelp] 24/2/2006 22:45

can you s/b these with IGindex or only aim stocks, anyone know?

[leesonlookalike] 22/2/2006 17:36

gizmo; i checked out HEP or HET ( heritage ) a month or so ago; wasnt too excited by it...... im more into AIM as it is you see, no deramp to Heritage mate.

I like CDE 'cos IT IS coming to AIM.

Best of luck.

[pugdan] 22/2/2006 16:50

sranmal - many thanks... excellent BB - added bonus of being devoid of dross comments.

[johnyee7] 22/2/2006 16:09

I think if the pechora deal wasn't going ahead starvest the largest shareholder would have sold a few by now,however small the amount.

[sranmal] 22/2/2006 16:02

I stand corrected!

[sranmal] 22/2/2006 15:34

The only time move to AIM has been mentioned is through an interview which has subsequently been pulled. Option period on Pechora ends 1st March, expect placing and move to AIM around that time if DD is ok.

BTW, I am in Heritage Petroleum, but you'll have to go over to that BB!

[gizmo8] 22/2/2006 15:30

Thanks, Safiande and Leeson. I saw an earlier post that suggests CDE is moving to AIM, but cannot find any reference to this on OFEX. Any idea when and if this will happen...? Also, what do you guys think about Heritage Petroleum.

[papillon] 22/2/2006 12:38

Good news its holding steady after such a big rise. Looking good.