We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Conder Env. | LSE:CDE | London | Ordinary Share | GB0002868114 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.35 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
04/5/2006 10:53 | would do me fine for Sept LL!! | hard work | |
04/5/2006 10:52 | leeson That due course will be 18months IMO MM | mmorrismikey | |
04/5/2006 10:49 | Due course, one POUND per stock :-) agree Andy ?? :-) Lee$on | leesonlookalike | |
04/5/2006 10:15 | Concorde Oil and Gas plc -------------------- Concorde Oil and Gas plc - Concorde secures mandate for debt financing Thursday 4 May 2006 Concorde Oil and Gas plc ("Concorde" or "the Company") Concorde secures mandate for US$100 million debt financing from Macquarie Bank The monies will be used to develop the Luzskoye Field and to fund future acquisitions Concorde Oil and Gas is an Ofex listed company seeking to acquire operational oil and gas assets in the Russian Federation. On Tuesday 2nd May, Concorde announced that it was to seek admission to AIM through a placing of shares by VSA Resources Limited to raise approximately *25 million. The proceeds of the placing will primarily be used to complete the acquisition of Pechora Energy and to start a development programme to increase production and proven reserves. The Company has now agreed a mandate for a US$100 million debt facility from Macquarie Bank. The proposed facility, which will run for three years, will be used to fund the development plan for Pechora. This is likely to include 3D seismic surveys and a number of development wells on the Luzskoye field to increase production and proven reserves. In addition, the funds will enable Concorde to acquire other underperforming assets in the Russian Federation. PECHORA ENERGY In March 2006, Concorde signed a conditional contract to acquire Pechora Energy ("Pechora") for a total consideration of US$25 million subject to adjustment following the finalisation of completion accounts. Pechora, a private Russian company, owns rights in the Luzskoye Field situated in the Timan-Pechora Basin in the north-east of the Russian Federation. As part of the acquisition the company will also acquire a dedicated rail terminal. The field has been evaluated by Miller and Lents Ltd, a firm of independent petroleum engineers based in Houston, Texas, and contains an estimated 33 million barrels of crude oil under the categories of Proven, Probable and Possible. Current production is around 245 barrels of crude per day from one well, with two additional wells ready to come on stream. PETER HUGHES, CHIEF EXECUTIVE OF CONCORDE, SAID: "Admission to AIM will enable us to raise sufficient funds to complete the acquisition of Pechora Energy. This debt facility will allow us to implement the development plan in full and we believe this will significantly increase production in the coming years. "Going forward, we will continue to use our Russian experience and contacts to identify further underperforming oil and gas assets in the region that are suitable for 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 / Neil Pidgeon / Brian McBeth COLLEGE HILL 020 7457 2020 Ben Brewerton / Paddy Blewer | andy | |
04/5/2006 10:14 | announcement on $100M debt financing for Pechora development and purchase of other underperforming Russian oil and gas assets | gdennett | |
02/5/2006 16:48 | tsmith9426 You're welcome, yes they must already have some commitments, due to the tight timeframe. | andy | |
02/5/2006 16:42 | thx andy, they must have institutions already onboard, so not bad really | tsmith9426 | |
02/5/2006 15:00 | The whoooooosh is spreading all over advfn :-) | leesonlookalike | |
02/5/2006 14:00 | Wassaper, habayyut, He said they were AIming for the 19th May. | andy | |
02/5/2006 13:30 | Currently approx 180M shares in issue and £20M MC. Raising £25M and rumoured to have MC on transfer to AIM of approx £50M. This would mean they'd issue, say, 250M shares at 10p. This gives 430M shares at the current 11p mid giving approx £48M MC. So, IMO, issue price will be pitched around current level, and there may not be an initial share price rise, but that depends on the PI reaction to the admission. Certainly, in the coming months, I'd expect to share price to rise as further wells are bought into production. but there may not be much of an initial rise. | sranmal | |
02/5/2006 13:21 | timetable for AIM admission is mid to late May...that could and should provide a WHOOOOSH to the share price | habayyut | |
02/5/2006 13:20 | Thanks Andy - please tell him I am an institution in my own right! Nice price movement today. | wassapper | |
02/5/2006 13:16 | tsmith9426 / All, I have just spoken to Peter Hughes, and he has confirmed that due to time constraints, this placing is for institutions only. | andy | |
02/5/2006 12:11 | CURRYPASTY Don't know re vsa, but would think the may have a presentation for maybe institutional buying. MM | mmorrismikey | |
02/5/2006 11:58 | anyone know where to get the placing shares from... do vsa do private clients ? | currypasty | |
02/5/2006 11:56 | and i can't see my post or any replies!! btsuck | btsuck | |
02/5/2006 11:55 | ,,how do i read the rest of threads on this site, only getting 21 of 873. Same on other threads. btsuck | btsuck | |
02/5/2006 11:50 | Concorde Oil & Gas plc has announced that, subject to raising the necessary funds during May, it expects to conclude an acquisition of operational oil and gas assets in the Russian Federation, this to be followed by a transfer from Ofex to AIM. | mujahid2 | |
02/5/2006 11:27 | a mini whooosh :-) | leesonlookalike | |
02/5/2006 10:57 | anyone got a firm date for AIM admission? | habayyut | |
02/5/2006 10:55 | Got into the Telegraph also today.. "Concorde Oil and Gas is seeking £25m from an Aim listing to fund the acquisition of the Pechora oil field in north-east Russia. The purchase was facilitated by non-executive Grigory Gabrielyants, a former Soviet Minister of Geology. Chief executive Peter Hughes and chief operating officer John Rigby, both ex-Texaco, have a 15pc stake." | ttnyrp | |
02/5/2006 08:58 | hard work, I prefer surprises to the upside, the market obviously does too! I think that's the correct way to play it, ie don't raise investor's expectation too high, and then over-deliver, that way everyone is happy, and if you don't quite achieve what you set out to, the chance is nobody will be disappointed because you have still met their original expectations. | andy | |
02/5/2006 08:50 | Looks like classic under promise, over delivery! Reserves now estimated at 33m rather than the 20-30m originally stated. Originally one well producing, now stated as one producing with another two about to commence... | hard work |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions