Conder Environmental Share Discussion Threads

[andy] 07/5/2006 12:55

Tadtech,

Yes they can, you can buy through any broker that deals on the OFEX market, and I would imagine a bank as large as HSBC certainly do.

If you decide to buy any, make sure you specify CDE on the OFEX, otherwise you may end up with the wrong CDE(Conder Environmental), as another holder did last week!

I hold mine in a nominee account.

[woodpecker25] 07/5/2006 12:52

Interesting also that the listed company address is only 500 metres down the road from me!

[tadtech] 07/5/2006 12:49

Curious to know if these shares can be bought through a normal broker (I use HSBC) and held in a nominee account.

[hard work] 07/5/2006 12:32

thanks Johnyee

Interesting to see the breakdown of the reserves. Where did Goodman come from?
Is this him?

[johnyee7] 07/5/2006 12:19

A company called Majedie also owns 19.7% of cde leaving about 27 million shares in free float at the moment,minus of course all our holdings.

[wassapper] 07/5/2006 10:59

Leeson you are so promiscuous! You will go anywhere to get a good whoooosshh won't you!!!

[leesonlookalike] 07/5/2006 00:43

its goin' up. full stop. :-)

leeson - mark my words :-)

[andy] 06/5/2006 22:10

sranmal,

Agreed.

[sranmal] 06/5/2006 21:08

I don't expect CDE to spike on AIM listing as the increased liquidity of AIM will allow some of the larger holders (eg. Starvest) to lock in some profits and satisfy any demand on IPO. Also, at the predicted MC at IPO of £50M, IMO the Company would be reasonably fairly priced. Of course, I expect medium/long-term shareholders to be handsomely rewarded with development of the field and further acquisitions.

[andy] 06/5/2006 19:44

Oliver,

It's not naive at all (IMO) I have seen many OFEX to AIM transfers drop before advancing, BEM was one example that springs to mind!

Until we know the placing price, it's hard to judge, so we can only speculate.

If the herd arrive, all well and good, because I think they will make money too.

I hope you're right in this case though, and it runs up, as I have a decent holding in CDE, and I feel they are going to reward the long term holder in the same way as companies such as JKX and SEY have.

I expect to hold for the maximum BATR, and then some!

[olivercromwell] 06/5/2006 12:02

it's neive to think that CDE will not spike on AIM admission..they will. It's an oil bull market. Speculation alone will promote the price and the fundies will do the rest. and anyway PI's reading this board will see the usual 'Icons of oil' and follow their lead. And they are undeniable 'Icons of Oil', quality posters are worth there weight in gold

safe investing

oc

ps Sympathies to all regal PI's

[andy] 06/5/2006 11:52

ttnyrp

I agree, and the book price will surely be more or less agreed, so I would not think the price will rise much more, but I could be wrong of course!

[hard work] 06/5/2006 11:42

Good idea Andy.

I can't help thinking that these guys must have some SERIOUSLY big plans - they'll have about £10m left from the placing plus $100m debt - enough for 2 or 3 more Pechora's (without shareholder dilution)...and it was useful to re-read Hughe's CV - projects of $500m are the order of the day.

[mmorrismikey] 06/5/2006 11:38

Andy

Was any dates talked about re the presentation?
MM

[ttnyrp] 06/5/2006 11:18

Andy, no worries, sure CDE will be on a few more radars after the 20% spike yesterday and as such any new readers will probably be interested in the story here as I was when I first read it. Just wish I'd read it a little earlier but hey! I wouldn't have thought they will want this to run away before AIM submission though?

[andy] 06/5/2006 10:58

ttnyrp

Thanks, a timely reminder of the quality of management here IMO.

So far, Concorde is on schedule to achieve their initial aims set out when they formed, which is a clear demonstration that they are achievers in my view.

I spoke to Peter Hughes the other day, and I have requested he do an informal presentation to shareholders once the AIM listing is completed, and he seemed enthusiastic, so I will contact him late May to remind him.

He certainly comes across as being very genuine, and shareholder friendly, in my opinion, and I am looking forward to hearing about the company's plans once they are trading on AIM.

[a77] 06/5/2006 09:14

Thnx Leesonlookalike.

[ttnyrp] 06/5/2006 00:01

good - i'm glad UA think they are fully valued, i will be buying more before they change their mind - soon as I get some cash.

I think there is a seriously big company here taking shape, ok there is a long way to go and there is a lot to prove. The quality of the guys on board speaks for itself

Some info for anyone wanting to get on board

=========

From start of trading RNS 19/9/5, highlights

" * The Directors have extensive experience in the oil and gas industry from
their time at Texaco. They also have experience of working in the
Russian Federation.

* Concorde will only pursue acquisitions that are in production or are
discoveries with early production potential and where early cash flow is
achievable.

* Seeking assets where capital and technical expertise can add significant
value.

* Concorde has identified a number of 50 - 250 million barrel
opportunities; all are prolific oil and gas basins with established
infrastructure.

* Concorde will only acquire the majority interest in an opportunity."


Management, Ex TEXACO guys, from same RNS

"PETER HUGHES, CEO AND DIRECTOR

With over 25 years experience in the oil & gas industry, Peter Hughes was most
recently a Vice President of Contracts and Negotiations for Texaco Exploration
Worldwide Growth, a division of Texaco Inc.

The majority of his career in the industry has been in new country entry,
business development and portfolio management where he has consistently added
value.

He has held senior management positions in all areas of the oil & gas industry
including upstream exploration and producing and downstream marketing and
supply departments including an assignment at Texaco's Headquarters in White
Plains, New York where he was responsible for representing Texaco Europe's
exploration and production activities to corporate officers and directors.
Peter was assigned to the Office of the Chairman of Texaco Ltd in London to
participate in a corporate acquisition and a strategic I.T. project.

He was selected as one of the country's senior executives to be seconded to the
UK Government to lead the UK's overseas investment and export drive in the
Former Soviet Union as it emerged from the Soviet Union. As a result of his
efforts both export volumes and market shares of companies operating in the
area increased substantially.

While he was Business Development Manager for Texaco's North Sea operations,
Peter lead projects in excess of USD500 million relating to developing
and
producing assets which added significant value to the investment portfolio.
Peter has developed a broad network of both industry and government contacts
during his career.


JOHN RIGBY, CHIEF OPERATING OFFICER AND DIRECTOR

With over 20 years experience in the oil and gas industry, John Rigby has a
proven record of instigating, capturing, and managing impact and one-off
projects, including acquisitions in the Middle East, the Former Soviet Union
(FSU), and the North Sea.

His most recent role was as Manager New Ventures within Texaco Exploration
Worldwide Growth, a division of Texaco Inc. His responsibility in this role was
the development of regional and local strategy and planning, and the leadership
of the technical effort to capture new venture opportunities within Europe,
Middle East, North Africa and the FSU. Additional duties were, as Vice
President, responsibility for over-seeing the advancement of existing impact
projects within the Russian Federation.

Throughout his career he has been associated with the worldwide search for and
appraisal and development of petroleum resources, particularly in difficult and
newly emergent regions, and particularly with emphasis on the rapid assessment
and development of reserves through the application of new and appropriate
technology.

Starting his career as a geologist in Texaco London, he worked on offshore and
onshore projects throughout the North Sea and European basins up until 1989.
During that time, he was also assigned to Caltex Pacific International in
Sumatra. Returning to London, he led Texaco's subsurface team in the search for
oil and gas projects in the onshore and offshore basins of the FSU and Eastern
Europe, resulting in the capture of two multi-billion barrel opportunities in
the Russian Federation. Subsequently, he acted as a Texaco technical
representative in the multi-company consortia assembled to develop these
projects.

In 1997 he was appointed Manager Exploration Australia, completing assignments
in Perth, WA and Texaco Exploration headquarters in Houston Texas. He returned
to London in 1999 to his position as Manager, New Ventures, with particular
emphasis on the strategy and planning required for company entry into current
non-producing regions, including re-entry strategy where applicable. As such,
this team's involvement included all aspects of hydrocarbon production
throughout the complete energy chain, from exploration through to power
generation."

=====

12/10/05

"Concorde further appoints ex-USSR Minister of Geology, Professor Grigoriy Arkadievich Gabrielyantsas, Non-Executive Director

PETER HUGHES, CHIEF EXECUTIVE OF CONCORDE, SAID:

"GREGORIY'S STANDING IN THE RUSSIAN OIL AND GAS INDUSTRY WILL BE AN ENORMOUS
BENEFIT TO CONCORDE HELPING US TO FIND THE RIGHT OPPORTUNITIES AND THE RIGHT
PARTNERS. IT IS A TREMENDOUS BOOST TO THE BUSINESS AND UNDERLINES THE
POTENTIAL OF CONCORDE.""


=======

1/12/05 - more management apps


"Concorde Oil and Gas, a recently incorporated company seeking to acquire
operational oil and gas assets in the Russian Federation, announces the
appointment of a senior non-executive and a senior special advisor. The
appointments will add to the company"s ability to execute its strategy in the
Russian Federation.

Charles E Hussey joins the Board of Concorde as a Non Executive Director. He is
a retired capital partner of McDermott Will & Emery based in Chicago, Illinois.
His practice focused on global tax and corporate issues with substantial
experience of corporate and legal matters in the Former Soviet Union and more
recently, the Russian Federation. He continues to be active in business
projects throughout the world.

Harold D Zimmerman joins Concorde as a Special Advisor to the Board. Harold is
a petroleum engineer by profession and has global oil and gas experience at a
senior executive level with the oil major, Texaco. His executive roles at
Texaco included Senior Vice President Texaco Europe and Executive responsible
for all of Texaco"s oil and gas activities in the Russian Federation. In this
latter role he operated at the highest government and industry levels."

PETER HUGHES, CONCORDE"S CHIEF EXECUTIVE, COMMENTED:

"The appointment of Charles and Harold provides us with an almost unique
capability to operate effectively in the Russian Federation. These individuals,
together with Grigoriy Gabrielyants, our other Non-Executive Director, will be
instrumental in achieving our objectives. Our business plan continues to
progress on schedule and our evaluation of the opportunities available in the
region is advancing well.""

=============

Intent for admission to AIM


"Tuesday 2nd May 2006

Concorde Oil and Gas plc
("Concorde" or "the Company")


Intends to seek admission to the Alternative Investment Market ("AIM")

Funds will allow completion of acquisition of Pechora Energy

Concorde Oil and Gas is an Ofex listed company seeking to acquire operational
oil and gas assets in the Russian Federation.

THE PLACING

Concorde is 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 be used to:

* complete the acquisition of Pechora Energy,
* start a development programme to increase production and proven
reserves,
* identify additional suitable acquisition opportunities, and
* fund general working capital purposes.

Marketing has commenced and admission is expected to take place during May.
VSA Resources Limited is acting as Broker and Adviser to the Company and
Beaumont Cornish Limited is acting as Nominated Adviser.

THE ACQUISITION

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. 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. As part of the acquisition
the company will also acquire a dedicated rail terminal giving the company
flexibility over the delivery of its oil to market and thereby avoiding
dependence on Transneft and the capacity constraints affecting the Russian
pipeline system.

Current production is around 245 barrels of crude per day from one well, with
two additional wells ready to come on stream.

FUTURE STRATEGY

Concorde"s future strategy involves a development programme which includes 3D
seismic and a number of development wells on the Luzskoye field to increase
production and proven reserves, as well as the evaluation and acquisition of
other underperforming assets in the Russian Federation. There is also the
opportunity to expand the capacity of the rail terminal."


===========

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."

=============

The management speaks for itself, admission to AIM coming up, they have serious backing now with the debt facility. Quality and ambition, small but perfectly formed.

DYOR

[hard work] 05/5/2006 21:35

Unquoted analyst has never had CDE as a buy - until recently, it's been "one to watch". Well, if you'd have taken their advice, you'd have missed making some substantial dosh.

[leesonlookalike] 05/5/2006 16:31

nice day. trading over, please go home :-)

have good weeknd people

lee$on

[leesonlookalike] 05/5/2006 16:16

THATS THE BIG QUESTION A77 cos of concorde enviromental ...... we'll know in plenty of time... or advance anyway :-)

[a77] 05/5/2006 15:56

Anyone know what the new EPIC will be once it enters AIM?

[andy] 05/5/2006 15:40

Bobsa ,

No it won't, the stock will transfer to AIM, and the new shares will begin trading on there at the same price they last traded on OFEX.

The new placing shares will be issued at an agreed price when they have built the book, and that price may effect the price of the shares already on the market, depending upon what the placing shares are issued at.

If the placing shares are issued at a price close to the prevailing market price at the time, I would not expect a drop.