Conder Environmental Share Discussion Threads

[hard work] 07/12/2005 07:14

News
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Concorde Oil and Gas plc - MOU regarding the acquisition of Pechora Energy


Wednesday 7th December 2005

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


Concorde signs MOU regarding the acquisition of Pechora Energy

Concorde Oil and Gas, a recently incorporated company seeking to invest in or
acquire operational oil and gas assets in the Russian Federation, announces
that it has signed a Memorandum of Understanding ("MOU"), including a period of
exclusivity, with Pechora Energy Company, which may lead to it acquiring 100%
of Pechora Energy.

PROPOSED ACQUISITION

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 MOU sets out the indicative terms and conditions upon which the parties are
willing to proceed with the negotiation of binding contracts, and grants
Concorde a period of exclusivity running until 1st March 2006.

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:

"TODAY'S ANNOUNCEMENT IS IN LINE WITH THE ROADMAP WE SET OUT AT THE TIME OF OUR
FLOTATION IN SEPTEMBER. WE'VE BEEN VERY IMPRESSED WITH THE QUALITY OF THE
ASSETS WE HAVE SEEN AND ARE DELIGHTED TO HAVE TAKEN A MAJOR STEP TOWARDS OUR
FIRST ACQUISITION BY SECURING THE PERIOD OF EXCLUSIVITY FROM PECHORA ENERGY.
THE INDEPENDENT EVALUATION SUPPORTS OUR VIEW THAT THE ACQUISITION OF THE
LUZSKOYE FIELD COULD IN TIME ADD SIGNIFICANT SHAREHOLDER VALUE. AT THE SAME
TIME, WE ARE EVALUATING THREE FURTHER OIL AND GAS LICENCES IN RUSSIA AND A
FURTHER ANNOUNCEMENT WILL BE MADE IN DUE COURSE IF APPROPRIATE."


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

[captainfatcat] 04/12/2005 10:52

I wonder if this will drop back down to the placing price? worth keeping an eye on before buying a few more

[captainfatcat] 04/12/2005 10:49

They seem to be top heavy with lots of cash going to the board and directors trying to find out a little more. The septic tank side has turned the corner and is now starting to make some money.

[andy] 01/12/2005 23:17

Hard work,

More pieces being put into place, looks promising IMO.

[hard work] 01/12/2005 07:10

Concorde Oil and Gas plc - Appointment of Senior Non-Executive Director


Thursday 1st December 2005

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


Appoints Senior Non-Executive Director

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."

[dev13] 30/11/2005 08:38

It seems I was proved right about Hydroserve. Very interesting, fast growth mentioned in the statement.

[dev13] 28/11/2005 14:44

I agree with you captainfatcat, I have researched recently and it seems that there is a lot going on behind the scenes with not much info coming out it appears.
I have seen Hydroserve vehicles travelling around the London area, how is this part of the business performing?
The next set of results should provide some clues.

[hard work] 28/11/2005 10:33

"Hughes, chief executive officer, and Rigby, chief operating officer, argue that Concorde will probably need to return to OFEX in two to three months for around £1.2 million if and when the company has clinched an option on a target property"

Well, we're now in the middle of that two to three month period...lets hope we hear something soon

[captainfatcat] 21/11/2005 19:05

CDE looks like one to watch, further research is required, but on the face of it Vikoma looks very busy at the moment and are well placed to benifit from the high oil prices. Many established E&P Companies are reporting record profits combined with the pleathera of new listings on AIM the outlook for support companies like Vikoma which can provide one stop tailored solutions with on going training, support and maintenence over the next tweleve months CDE should benifit.

Edit, there shares dosent seem to be much of a market for the shares they don't seem to be traded much has anybody experienced difficulty in buying or selling these, how are the MMs?

[russman] 06/11/2005 14:00

Please note that the 25k trade on 4/11/05 shows as a buy when it was a sell.

[gildas2] 24/10/2005 09:20

here we go "again" up on low volume...not complaining thought.

[dev13] 21/10/2005 10:53

Where are you guys? From what I hear there has been a lot of activity over the last 10 months. Definitely one to watch over the next year. imho.

[johnyee7] 20/10/2005 14:50

I'll second that yeehaaa.

[hard work] 20/10/2005 14:47

yeehaaa!!!!

[gildas2] 20/10/2005 14:43

up 14% ...going up nicely !!!!

[egoi] 20/10/2005 11:33

So when are you going to tip it on hotty then CP, lol?

[currypasty] 20/10/2005 11:01

punters are still buying it !

[johnyee7] 20/10/2005 10:34

Could it tick up again later,hmmmmm.

[andy] 19/10/2005 23:15

Glad I bought now, everything else is down!

[gildas2] 19/10/2005 16:02

the only "blue" line in my portfolio today...

[johnyee7] 19/10/2005 15:20

Too late,already spent the money elsewhere.

[hard work] 19/10/2005 15:08

looks as though they may have some stock for you now johnyee7 - someone's sold 100k and bid's ticked up to 2p

[johnyee7] 19/10/2005 10:55

I called my broker to buy 150k of these,but picked up the last 25k available,so there's no stock left at the moment she said.