Conder Environmental Share Discussion Threads

[mmorrismikey] 02/3/2006 08:44

EB

Are you in? If so I would value your opinion.
MM

[english bigblls] 02/3/2006 08:38

Looks promising, Andy.

[tsmith9426] 02/3/2006 06:43

seems a fair point drewz

[drewz] 02/3/2006 01:56

One should perhaps proceed with some caution here, and firstly bear in mind that there are no guarantees of this deal being consummated.

A time extension of 3 1/2 weeks to tie up the legal work sounds very positive, but Pechora Energy could still back out, conceivably, for whatever reason, through no fault of CDE.

At the moment potential investors are being invited to buy into a company valued at £27m with just £200,000 in the bank and no licences.

If Pechora agree to do the deal, CDE have to raise the money, yet we don't know how much, nor what reserves or production potential is in the Luzskoye field, since CDE have given no numbers at all.

If it is a good asset, and CDE can get it cheaply, say raising £12m by issuing another 80m shares, plus say another 20m shares to sweeten the cash consideration, then the dilution will be manageable and the price will hold up.

But if the asset isn't that hot, or they are deemed to have overpaid; if they have to issue too much new paper, or if Pechora pull out of the deal, then the share price could collapse, maybe by 50%.

What I am saying is that anyone in from last year at 2p, or even this year up to 7p is sitting ok here. But anyone buying in at 15p now is taking a much greater leap of faith.

It may be more prudent to wait until 25 March and see how much money needs to be raised, how much dilution will result, how large are the reserves and production potential being acquired from Pechora.

In other words to buy with knowledge, rather than blindly on trust that it will all turn out fine. All imho.

[andy] 02/3/2006 00:32

EBB,

Ok, well written and interesting.

Once I have some spare funds, SER are on the shortlist, along with TXO, and I'll probably buy an initial stake in both.

What do you think of today's news from CDE?

[english bigblls] 01/3/2006 22:30

Hi Andy,

What did you think of Ian's articles on SER then?

[andy] 01/3/2006 21:48

sigora,

No idea until some details of any deal are released by the company I'm afraid.


Hard work,

Yes I think you may be right.

[hard work] 01/3/2006 20:08

Andy and Johnyee,

It seems that Ofex stocks tend to be slow to react - so maybe we'll see some action tomorrow.

However, maybe this price is being held at this level whilst further fundraising is completed - the price is being kept in quite a tight range and any buying interest seems to be counteracted by a sell. Also, any institutions or PI's interested in participating in the fundraising will most likely now be "insiders", hence unable to trade.

[sigora] 01/3/2006 19:17

Andy you seem pretty close to the action over here, what do you think will be fair value after the pechora deal is done?.TIA.

[johnyee7] 01/3/2006 19:14

Andy
Don't think the mm's want too much attention on cde at the mo as they seem to be a bit low on stock,but you know what they say,all things come to he that waits.

[andy] 01/3/2006 19:08

johnyee7,

It's only his opinion, so nothing set in stone, but I value his opinion.

I'm surprised too, to be honest, I thought the news positive, and therefore justified an increase.

[johnyee7] 01/3/2006 19:03

Andy

Hope this contact of yours is right about the share price,all looks good at the moment,surprised we weren't a bit higher today.

[andy] 01/3/2006 16:18

PP,

My pleasure.

[ppowerscourt] 01/3/2006 16:06

Andy,

Could you post that interesting map of the Pechora Basin here from time to time please?

The Uralic and Altaic region form a specific Eurasian stratigraphy of steppe and pastoral landscapes bordering the Tundra zone. It's quite rich and fertile there contrary to what one might imagine. I think the Pazarikh (sp.) Ice Maiden was discovered there.

[andy] 01/3/2006 12:56

sranmal,

Well remembered, that's what I was referring to!

[sranmal] 01/3/2006 11:23

So today's news implies they're happy with the acquistion and need a little more time for legal niceties.

They also previously stated on 11 Jan that:

Some of the monies raised will also be used to carry out DD on the two neighbouring fields to Pechora Energy's assets which may be considered as future acquisitions and to provide DD for a further potential acquisition in the Volga Urals region.

[andy] 01/3/2006 11:01

Hard work,

I think they are looking at a couple more potential deals, and one is literally on the doorstep, so maybe not so much fantasy as we possibly think!

[hard work] 01/3/2006 10:58

Andy,
CDE have been very quite about these other deals. Living in fantasy world now, but if they announced back-to back deals on the back of Pechora...

[mmorrismikey] 01/3/2006 10:43

Things looking good
MM

[andy] 01/3/2006 10:38

Thanks guys,

Well that looks pretty positive to me!

It would appear that they are determined to do the deal, and we have a tick up!

[safiande] 01/3/2006 10:37

They said a few days ago that they were still on track ?

[johnyee7] 01/3/2006 10:37

You beat me to it bluey.

[johnyee7] 01/3/2006 10:35

Concorde Oil and Gas plc - Potential Aquisition


Wednesday 1st March 2006

Concorde Oil and Gas plc
("Concorde")


Concorde extends period of exclusivity regarding the acquisition of Pechora
Energy

Concorde Oil and Gas, the Ofex quoted company seeking to acquire operational
oil and gas assets in the Russian Federation, announced in December 2005 that
it had signed a Memorandum of Understanding ("MOU") with Pechora Energy
Company, which may lead to it acquiring 100% of that company. The MOU included
a period of exclusivity which ran until today.

Negotiations are progressing well and in recognition of this the vendor has
agreed to extend the period of exclusivity until 25th March 2006 to allow for
completion of the legal process. Concorde will make a further announcement in
due course.

PECHORA ENERGY

Pechora Energy, a private Russian company, owns the Luzskoye Field situated in
the Timan-Pechora Basin in the north-east of the Russian Federation. 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.

The field is currently on seasonable production and is close to existing
infrastructure allowing easy transport of the produced oil.


PETER HUGHES, CONCORDE'S CHIEF EXECUTIVE, COMMENTED:

"The work undertaken since December has cemented our original enthusiasm for
acquiring Pechora Energy. The extension to the period of exclusivity leaves us
well placed to complete this acquisition."


ENQUIRIES:
CONCORDE OIL AND GAS 0783 660 7637
Peter Hughes, Chief Executive
John Rigby, Chief Operating Officer
VSA RESOURCES 020 7628 3989
William Voaden
COLLEGE HILL 020 7457 2020
Ben Brewerton / Nick Elwes

[fromtheblue] 01/3/2006 10:35

News
--------------------------------------------------------------------------------

Concorde Oil and Gas plc - Potential Aquisition


Wednesday 1st March 2006

Concorde Oil and Gas plc
("Concorde")


Concorde extends period of exclusivity regarding the acquisition of Pechora
Energy

Concorde Oil and Gas, the Ofex quoted company seeking to acquire operational
oil and gas assets in the Russian Federation, announced in December 2005 that
it had signed a Memorandum of Understanding ("MOU") with Pechora Energy
Company, which may lead to it acquiring 100% of that company. The MOU included
a period of exclusivity which ran until today.

Negotiations are progressing well and in recognition of this the vendor has
agreed to extend the period of exclusivity until 25th March 2006 to allow for
completion of the legal process. Concorde will make a further announcement in
due course.

[hard work] 01/3/2006 10:34

announcement just released - wary of cut and paste in case I'm breaching copyright