Concorde Oil and Gas plc

Concorde commenced trading on the OFEX 19.09.2005.

Starvest, a AIM listed fund run by the legendary shrewd trader Bruce Rowan has a
significant stake here.


Concorde Oil and Gas Plc (Concorde) is charged with the objective of identifying,
acquiring and operating oil and gas opportunities in the Russian Federation. The
Directors of Concorde have extensive experience in the oil and gas industry and
also benefit from an extensive network of contacts developed from their time at
the oil major, Texaco.

Concorde's vision and business model requires that international operations will
be undertaken in regions where a competitive advantage can be achieved by
leveraging unique local contacts and developing a strong, regionally focused
energy company.

Concorde will only pursue acquisitions that are in production or are discoveries
with early production potential. It is considered that the acquisition premium
required for this type of opportunity, where early cash flow is achieved, is
preferable to the higher risk and longer- term nature of pure exploration.




Head Office
Reveley
Wheelers Lane
Smallfield
Surrey RH6 9PT
England

Investor Contact
Mr P J Hughes

phughes@pentonenergy.com



Reporting

Interims By 29/12/2006
Finals By 31/08/2006

Fundamentals
Market Cap
Shares Issued 133333335
Directors Holdings 40


Prospectus / Offer document PDF : Click HERE

Very thin market.

Managed to get only 200,000 at 3.75p though recently.

mike,

Well done, already in profit!

I have topped up several times as the price has risen, I have a feeling there may be more to go here.


Concorde are currently doing due dilligence on a project and aquisition in Russia, and if all is well, we should know soon.

Concorde is run by a couple of ex Texaco senior management guys that know their way around the oil industry, so my expectations are high here.

They have added quality management already, including the ex Minister of Geology for the USSR before it split.

In some ways this reminds me of SEY at the beginning.

Concorde are planning an AIM float later this year, Q1 or possibly Q2 I believe.

Mike is Dil in disguise Andy my friend.....how did u not spot it.....Ramp alert is all I can say.

There is only ONE share to be loaded up with at the moment and that is the cash shell called Harrier(HRR).

Harrier are a cash shell with a market cap of 4.5 million and they have the same amount of cash in the bank.
They have 2 employee's and the interest on this cash will more than pay for their salaries.
A reverse deal is due any day and the shares will rocket believe me.

Bob Morton ( Southwind) has recently increased his stake to the max allowed of 29.9%.

He is a very shrewd cookie.

Strong BUY.

Target price 50p and I aint joking.

O pence fair value.

bought Concorde at 3.75p NOW 6.25p in a few weeks.

johmywalters,

Yes this has been a quick riser, if only all my new picks were like this one!

SVE are also rising, as they hold around 27 million Concorde in their portfolio.

Concorde set to take off as are Harrier !

johnywalters,

Here's the story of the tape today!

6.75 7.25 +0.75 578792 24/01/2006

I now have more than a three bagger in a couple of weeks!

Bring on HRR!

Johnywalters,

Absolutely astonishing, a 67% rise TODAY!

And not a post on this thead!


Concorde Oil and Gas plc 11.00 11.75 +4. 375 2067199 25/01/2006


Words fail me.

Jesus Christ!!!

What assets does it have Andy?.

cheers GF.

Andy, you about?

Cheers GF.

GF,

They're doing DD on a company in Russia, Pechora Energy.

Still early stages, but they are reputed to be a couple of shrewd ex Texaco oilmen, and have added some quality people to their team already.

CDE reminds me of SEY in the early days.

I have a feeling this is the chance to get in early in a company that intends going places. I personally like their objective of looking for producers, or near producers, rather than raw exploration.

I have pasted the information regarding the possible aquisition below, as you and others may find it interesting.



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



Legal Information | Technology & Hosting | Ofex plc 2006
All rights reserved

GF,

Growth Company Investor have an article that you can read by clicking HERE

GF,

Nice consoldation today, no hot money Friday exit apparent here.

Considering the rapid rise, I feel comfortable around this price, and feel that with news due fairly soon, I am happy to base build at this level.

I was in the city today, and someone commented that there is a shortage of stock, not a bad thing IMO!

Good weekend all.

Andy

Sold up at 11.5p.

Made 200% in a couple of weeks.

Going to buy more HRR now.

brian,

Great profit, good luck with HRR!

Thanks Andy

Some useful information on this thread.

I have been waiting for a pullback, but this share does display some resliience at this price, so may have to bite the bullet and buy at the current price.

What attracts me is the opportunity to get into an early stage oiler that is going to produce in the near term, rather than one that is going to take a couple of years exploration, and even then it may be a dud.

AIM listing coming makes this attractive too!!

.

Interesting reading Andy. On the watch list for the moment although it seems to be flying away. Might become cheaper.

Cheers GF.

GF,

Thanks, and you may well be right.

It will depend how much they plan to raise to fund the Pechora aquisition(provided they go ahead of course), and at what price, IMO.

AIM listing may well coincide with the aquisition, and I guess that will be the time they will raise the funds.

March is the estimated date for AIM.

GF,

Well another 10% rise, and on healthy volume too.


Concorde Oil and Gas plc 10.50 11.50 +1.00 1241263 30/01/2006


There may well be a Concorde presentation in the London area in the next few weeks, would you be interested in attending?

My guess is central london, one midweek afternoon, date to be advised.

Anyone here that may be interested in attending, can send me a PM, or indicate here on the thread and I will advise once firm details are known.

GF,

Down a tad today on lowish volume.

Concorde Oil and Gas plc 10.25 11.25 -0.25 216391 01/02/2006

GF,

An excellent day today!

This has to be my fastest riser ever!


Concorde Oil and Gas plc +3. 63p +33.77% 235,267


Buying continued until the end, this must be the most liquid stock on the OFEX!

15/02/2006 16:18:25 14.50 7,500 O 1,087.50
15/02/2006 15:40:06 14.00 35,446 O 4,962.44
15/02/2006 15:12:23 14.00 9,000 O 1,260.00
15/02/2006 15:03:00 14.00 2,000 O 280.00
15/02/2006 14:28:48 13.50 14,365 O 1,939.27

next vog here andy

tsmith9426,

I hope so!

Until details of the Pechora deal are released, we don't have anything to go on, but there is ceretainly a feeling that due to the quality and experience of the management, the deal will be a good one.


They are doing DD now, so we have to wait for confirmation, which should be by mid March I believe.

The buying continues at the moment;

16/02/2006 13:05:42 14.25 40,000
16/02/2006 11:45:57 14.25 10,000
16/02/2006 11:17:35 14.25 5,000
16/02/2006 11:02:37 14.25 7,550
16/02/2006 10:26:20 14.25 9,492

This is the area Concorde are doing DD in.

The "period of exclusivity" has been extended, and the comments make positive reading IMO.
============================================================

Concorde Oil and Gas plc
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."

how much did sve invest?

ellio,

Very little!

Bruce got in at 0.75p MAX as far as I know, possibly even less.

I thanked Bruce on Tuesday for mentioning these when he did, my best result on a share in percentage terms ever!

Thats a nice roi, how to turn 200k into Millions??

SVE should be a nice little sideline for all investors, he's done it time and time again., really nav should be way closer to price considering his performance track record, supposse it's all about realising these assetts and growing the fund, which he hasn't really demonstrated in a big way, not yet anyway but looks like plans are afoot.

Do you know Bruce?

Seriously at 15p, how far have these come and if it lists on aim what would you most realistic target be ie b/yr end 30p?

Andy,

from Nov SVE update, Concorde Oil & Gas and Franchise Investment
Strategies, two recent investments, have performed strongly and both exceed 10% of the portfolio.

At that time we had 8.4 million so in theory nearly 1M in Concorde, since then 12-15 times that 12-15Million in Concorde, Honestly SVE is starting to present a huge buying opportunity, we could be OVER 50P nav and if this thing doubles again!!!!

We should really be looking at SVE nearer 40p don't you think hich when people realise Bruce's achievement could go further??

ellio,

I only know Bruce to speak to, at forums such as Minesite, and the 20 20 series.

I agree with your comment, ALL investors should have some SVE tucked away in their portfolio IMO, he is an exceptional stock picker.

Bruce has grown SVE consideraby IMO, and now some of the acorns are starting to grow, he is planting some new ones!

With regard to Concorde, I really have no idea how far CDE could go, it all depends on the quality of the deal they do, presuming they do it of course!

I have a personal target of 20p as a top slice point, and intend to free carry all the profit for the forseeable future, provided the company perform as I expect them to.

I believe CDE have assembled a quality management team, and that is why I invested here.

Once a deal is announced, we should be able to judge for ourselves how well they have done, but until then we can only speculate.

ellio,

" we could be OVER 50P nav and if this thing doubles again!!!!"


Exactly!

ellio,

The Luzskoye field was discovered in 1965, according to this table, where it is listed as LUZA.


http://greenwood.cr.usgs.gov/energy/WorldEnergy/OF99-50G/table1.html#TOP

Andy hows about a post on the Ofex thread I have set up.

Your support would indeed be very welcome.

cheers GF.

GF,

My pleasure.

Andy,

Does everybody realise that SVE owns(or so I'm led to believe 43% of CDE) when combined with Affplats everything else is in for free!!!! and CDE could go well who knows. IMO this is currently the best way into SVE as really it barely been priced in to SVE nav, in reality it's CDE thats in for free?

Good SVE thread on ADVFN. Current NAV calculated at 60p+ by someone over there. take off a third for corporation tax/volatility(risk)/wear and tear etc. a share price of 40p would seem reasonable. Roll on!

Hi I have been watching CDE
Do you think it will retrace a bit before going up . Hesitant to invest since it went up 50% thanks
lindos

If we knew that lindos, by this time next year wed all be millionaires. If concerned hedge your bets and go for SVE. No advice intended, DYOR.

Thanks p-snow just asking for opinions -take your point
thanks
lindos

lindos,

like P-snow says, nobody knows for sure, but I feel it is not going to retrace much at this point, as we seem to be quite close to a deal, possibly within three weeks, if not sooner.

Clearly until any deal is actually signed, it's not a done deal, but the last RNS seemed to suggest they still want to do it.

Once a deal is signed, and we have some numbers to mull over, we will be able to assess the value to CDE of the project, and the Sp will respond to that.

p-snow,

I hold SVE, but don't agree that by buying SVE you will gain proper exposure to CDE.

SVE is trading at a significant discount to NAV, and is also at the mercy of other shares performing in it's portfolio, so even if CDE do well, say APP have a fall, the full increase in CDE will not be reflected in SVE, IMHO.

If you want exposure to CDE, I would buy CDE, but for a more general investment with SOME exposure to CDE, then SVE is a good investment IMO.

I hold both, and intend to continue to do so..

Thanks Andy
lindos

Fair play to you Andy. If lindos or anyone else is a little concerned about volatility & an entry point to CDE the spread bet of SVE may be worth considering. You may be at the mercy of other shares in the SVE portfolio not doing well but if youre in CDE you are at the mercy of only CDE not doing well.

SVE would seem to be a lower risk strategy for those who want it & risk management is what its all about. Best of luck to all holders in both companies, either way I reckon we are on to a couple of winners. DYOR.

Off to the Alhambra now in not so sunny Spain. It snowed yesterday & I froze my nads off all day! Story of my life.

I joined in today with a few CDE and SVE. hedge my bets!

moneyplus,

CDE is on the move, up .8p today now!

Pechoare Energy deal extension of exclusivity period terminates 25th March, so we MAY hear at any time from now.

moneyplus,

50k BUY, now up 1p.

lots of excitement today-where do you think the sp will be in say 6 months? I'm blue now and don't want to be greedy but feel this should be a long term hold and not for the impatient. cheers Andy keep posting MP

moneyplus,

No idea to be perfectly honest, but if the Pechora Energy deal is as good as some think, I feel we will be ahead of the current price.

They are looking at three deals in Russia I believe!

The Pechora Energy deal is on!


Concorde Oil and Gas plc - Conditional Aquisition


Thursday 23rd March 2006

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


Conditional acquisition of Pechora Energy


Intention to transfer to AIM

Concorde Oil and Gas, the Ofex quoted company seeking to acquire operational
oil and gas assets in the Russian Federation, has signed a conditional
agreement to acquire the Pechora Energy Company ("Pechora"). This follows the
announcement in December 2005 that it had signed a Memorandum of Understanding
with Pechora, which might lead to it acquiring 100% of that company.

The acquisition is conditional on Concorde raising the necessary funds to
conclude the deal within the next 60 days, which the Company expects to do by
way of a fundraising and is now intending to transfer its shares from Ofex to
the Alternative Investment Market ("AIM"), subject to the usual requirements.

Pechora, 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 Miller and Lents Ltd, a firm of independent petroleum
engineers based in Houston, Texas, and contains an estimated 20 - 30 million
barrels of crude oil under the categories of Proven, Probable and Possible.
Additional reserve opportunities have been identified. In total this matches
Concorde's stated acquisition objectives and the Company will purchase these
reserves for between US$20 - 25 million subject to verification and closing
asset valuation.

Since 1965 all four wells drilled on the field have been oil discoveries, with
current production of around 250 barrels of crude per day from two wells. The
field is close to Pechora's export rail terminal, and Concorde expects to start
an aggressive development plan soon after acquiring the assets to fully deplete
the existing crude oil reserves. The field consists of a number of Devonian
reservoirs, which have tested high grade, low sulphur 40 API oil, with some
paraffin. The field extends over an area of just under 21 square kilometres,
with the producing horizons found at depths of around 2000 metres.

The Timan-Pechora oil province, where the Luzskoye field is located, spans the
administrative regions of the Republic of Komi and the Nenets Autonomous Okrug,
and extends into the Pechora Sea reaching Kolguyev Island. There are currently
172 oilfields in the region with an estimated reserve base of 15 bn bbls,
although Lukoil believes that this figure could double. The prolific Timan-
Pechora basin has attracted interest from such western companies as
TexacoChevron and ConocoPhillips amongst others. The primary source rocks of
the basin are late Devonian, known by the Russian name of Domanik, but oil is
also found in the Carboniferous and Early Permian layers.




PETER HUGHES, CONCORDE'S CHIEF EXECUTIVE, COMMENTED:

"Since joining Ofex last September, Concorde has assessed a large number of
possible acquisitions both in the Russian Federation and the Former Soviet
Union. We think that the Pechora purchase is an excellent start in building a
large E&P company. Concorde will now seek an AIM listing so as to gain greater
access to the financial markets in order to fund this purchase.

Pechora is a very exciting acquisition for Concorde which gives us immediate
cash flow as well as the potential to increase production significantly over
the next three years."

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

Andy,

Additional to your excellent update, the co has just released this correction:

>> Correction: this statement has been corrected in the fourth paragraph to state
that the current production is from one rather than two wells, as previously
announced. <<

Which, IMHO, makes the deal look even more interesting.

Andy,

A question: do you have any theories as to why the SP has dropped on the announcement of this deal? With this in the bag and the AIM transfer coming up, I would have thought the price would be racing ahead. My guess is that the number of shares required to be placed to raise the necessary funds to purchase Pechora pushes the market cap to around 40M which looks, possibly, a bit pricy at the present stage. I would welcome your thoughts . . .

exciting news-the sp should race away once on Aim! IMO. thanks for bringing my attention to this one Andy.

soul traders,

Thanks for the correction in the CDE statement.

I personally think the price drop is due to the lack of initial production from the purchase, and I have to admit I too am slightly disappointed it's not higher.

I know that they are looking at other prospects in the same region, so they are probably intending to use the Pechora site as a hub for production from adojining fields as well as new wells they intend to drill.

There are three old wells in the field, and I would imagine they will receive a workover with our modern technology, so we may see a considerable improvement in production levels in the near future.

In addition, confirmation of the deal has probably set the price of the placing shares at a slight discount to the current market cap, so some will possibly sell now, especially if they have held since the 1 - 2p days, like myself.

They have used a competent firm of auditors to establish the likely reserves, and they have to sell this deal to the city in order to biuld a book and get the placing away to fund the completion of the deal, so I am reasonably happy they will achieve their objectives, and become a Russian based producer in the short term.

I am going to ring and ask if they intned to place with PI's, but they did say no before, so I doubt we will have a chance, but I may as well ask.

Andy-looks to be encouraging results out from INDY today and SVE are increasing their stake. Are you in this one-what is your opinion?? I am very tempted to build a decent stake.

Moneyplus,

Sorry I have never looked at INDY, but a quick glance of the charts indicates an uptrend since last November, so chartwise it certainly looks ok.

Whether they can maintain the momentum is another matter, but all looks ok at the moment.

Andy,

thanks for a great piece of insight there - I'll be interested to see how the placing is priced as it seems that the stock has enjoyed a very good run of late and some of the good news may already be priced in.

Growth Company Investor has published an article re the CDE news today.
========================================================

23/03/2006

As foreshadowed here, Concorde Oil & Gas is buying Russia's Pechora Energy for up to $25 million and joining AIM.

Concorde, a stellar OFEX performer since its September float, has been scouting for assets in the Russian Federation and signed a memorandum of understanding with Pechora in December. A private Russian concern, Pechora owns the Luzskoye Field in north-eastern Russia, which Houston-based specialist engineering company Miller & Lents estimates to contain between 20 and 30 million 'proven, probable and possible' barrels of crude oil.

Concorde's chief executive Peter Hughes, a veteran of US oil giant Texaco, has struck a deal whereby Concorde will pay between $20 and $25 million in cash to buy Pechora Energy, subject to verification and closing valuation of the Luzskoye assets. The field is in the resource-rich Timan-Pechora Basin, which boasts 172 oil fields and estimated reserves of at least 15 billion barrels.

Concorde plans to raise at least some of the money it needs for the deal by floating on AIM, with the help of VSA Resources and Beaumont Cornish as nominated adviser. The precise amount to be sought and the price have still to be finalised.

In its brief career on OFEX, Concorde has raised 2 million in two stages and seen its shares soar from 0.62p to 15.25p before easing back to 12p now. If Pechora passes muster, they could go even higher.

Andy,

Talking of stocks tipped to go even higher: you've probably seen NOP today; Panmure Gordon are talking about 360p. You heard it here . . . .

soul traders,

NOP @ 360p?

wow!

Well, it has to happen yet, but after today's 50% rise to 140p on upgraded reserves estimates, it's clearly not pie-in-the-sky. DYOR :o)

Meanwhile I see CDE has skidded 1.5p to 10.75p - perhaps not unexpected. Will continue to watch and learn.

PS Iturama's thread on Grove Energy (GRV) - also one to watch !!

Andy,

don't mean to snow you in with tips, but two I think you'll be interested in are:

1.) Black Rock Oil and Gas - now expecting to start Arce production in May - see updates on the BLR thread. I know you're following them anyway but I think they may be in for a re-rating . . .

2.) Toledo Mining (TMC) - sitting on potentially 10 Billions' worth of Nickel, currently awaiting go-ahead from the Philippines Govt. Current market cap only 20 million. Useful info on the thread plus other usual sources. I know you'll DYOR - would be interested in your thoughts as I think this could be in for a speedy re-rating - potential ten-bagger or better in a few months??

Happy hunting!

soul traders,

Thanks for the tips, i will have a look.


CDE are advertising for a FD, in case there's anyone suitably qualified here, the link is HERE

Aim admission is going ahead!


From today's Guardian Business;

Concorde Oil and Gas today announces its intention to move from Ofex to Aim through a placing of shares with investors in an effort to raise 25m. The company, set up to acquire oil and gas assets across the Russian federation, is expected to be valued at around 50m when it comes to market later this month.

Concorde Oil and Gas intends to use the cash raised to complete its acquisition of privately owned Russian firm Pechora Energy, which owns a field in the north east of the Russian federation. An independent firm that evaluated the field has estimated that it contains 33 million barrels of oil.

The deal also brings the company a dedicated rail terminal so any production will not need to rely on the state-controlled pipeline network, Transneft. Concorde intends to explore other parts of the field to increase production from its current 245 barrels a day.

Official confirmation of the AIM transfer.


Concorde Oil and Gas plc - Acquisition Update

NOT FOR PUBLICATION DISTRIBUTION OR RELEASE IN OR INTO THE UNTED STATES, CANADA, AUSTRALIA or JAPAN.

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.

MANAGEMENT

The key executive directors are former Texaco employees with extensive Russian
experience. Peter Hughes, Chief Executive Officer, has spent over 25 years in
the oil industry, most recently as Vice President of Contracts and Negotiations
for Texaco Exploration Worldwide Growth, a subsidiary of Texaco Inc. He was
seconded to the DTI as an advisor on the Former Soviet Union between 1994 and
1996. John Rigby, Chief Operating Officer, has over 20 years experience in the
oil industry, acquiring and managing assets for Texaco in various parts of the
world including the Middle East and the Former Soviet Union. The Non-executive
Directors include Grigory Gabrielyants who has held a number of positions in
the Russian oil and gas industry and served as Minister of Geology of the
Soviet Union from 1989 until 1992.

PETER HUGHES, CHIEF EXECUTIVE OF CONCORDE, SAID:

"Admission to AIM will enable us to raise sufficient funds to complete the
acquisition of Pechora Energy and start to implement our development plan which
we believe 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
BEAUMONT CORNISH 020 7628 3396
Roland Cornish / Rosalind Abrahams
COLLEGE HILL 020 7457 2020
Ben Brewerton / Paddy Blewer

The content of this announcement has been prepared by, and is the sole
responsibility of, Concorde Oil & Gas plc (the "Company").

Beaumont Cornish Limited ("Beaumont Cornish") is acting as nominated adviser to
the Company and will not regard any person other than the Company as its
customer or be responsible to anyone other than the Company for providing the
protections afforded customers of Beaumont Cornish or advice in relation to the
proposed admission.

VSA Resources Limited ("VSA") is acting as broker to the Company and will not
regard any person other than the Company as its customer or be responsible to
anyone other than the Company for providing the protections afforded to
customers of VSA or advice in relation to the proposed admission.

No invitation or offer to acquire shares in the Company is being made by or in
connection with this announcement. The Company proposes to publish an
admission document in connection with its proposed admission to AIM in due
course.

This announcement may contain certain forward-looking information which may be
subject to risk and uncertainties that could significantly alter expected
results and are based upon certain key assumptions. Due to such uncertainties
and risks, readers are cautioned not to place undue reliance on such forward-
looking statements, which speak only as of the date hereof. The Company,
Beaumont Cornish and VSA disclaim any obligation to update any forward-looking
statements contained herein, except as required by applicable law.

Andy, any opinion on what's happening?

ellio,

I have spoken to Peter Hughes, and he has confirmed that the forthcoming placing will be for institutions only, due to time constraints.

He stated that the target date they are aiming for, is 19th May for the AIM debut.

I am trying to arrange an informal meeting with the directors after the AIM placing has gone ahead. If you are interested in attending, I will update you once we have a date and time.

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

Hi Andy, I still havent dipped my toe with cde, although I don't know about you but this seems very encouraging.

My question is should I buy now or wait for switch to aim?

ellio,

I honestly don't know, but SOMETIMES there is a dip in the price of a stock when a company floats on AIM due to the increased liquidity, and seed capital investors take some profits.


Personally, I see this announcement as being very encouraging, as Marquarie Bank are clearly convinced enough about the prospects to invest their funds.

Agreed, cheers

ellio,

More good news.


Concorde Oil and Gas will own Pechora Energy when it joins AIM
AFX


LONDON (AFX) - Concorde Oil & Gas PLC said, prior to its admission to the Alternative Investment Market, it will have acquired the entire share capital of Pechora Energy Company which holds the licence for oil and gas production at the Luzskoye Oil Field in the Timan-Pechora Basin of the Komi Republic in Russia.

Miller and Lents Ltd, an independent oil and gas consulting firm, of Houston, Texas has calculated that the Luzskoye Field has Proven, Probable and Possible reserves of approximately 33 mln barrels as at March 1 2006.

newsdesk@afxnews.com

vjt

This is some achievement!

I cannot ever remember an OFEX listed company raising anything remotely like the size of this loan to finance operations!


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

Adam, when is CDE planning to be admitted to AIM? Views welcomed

I believe the date is 19th May-hope the sp rises nicely then.

Thanks I just checked it too. I havent researched into it yet. But proven management is a core capability which provides competitive adv. But scares me the steep rise of sp from sub 1p to where it is now! Missed out. I'm not sure whether I will go in, as im locked into Eo.!!!!, which is much riskier!

Adam and moneyplus, in terms of spotting these new companies, what is the trick?

Read everything you can find taking a lot of it with a pinch of salt!! I try and avoid companies with heavy losses and debts now having had my fingers burnt and I listen to the views of Sharesure see CHP thread and Andy CDE and EOG etc as they know what they're talking about without ramping!! CHP has gone up a lot but it is still early days and I'm still adding. CDE will be covered much more when it's trading on Aim. here's hoping anyway!! ps-my favourite performer at the moment is EPY-it has shot over the last month after coming back to aim at 10p in it's new form again I'm adding even at these prices because of the huge market it trades in the research on ADVFN thread is very good on this one. good luck!!

moneyplus, jameel06,

Yes I spoke to Peter Hughes last week, and the 19th May is the target date for AIM listing.

As of yet, we do not know the plecing price, but clearly hope it is as close to the current market price as possible to avoid dilution.

It's still early days, and once upon AIM, we should be able to find out more about CDE's prospects and potential in the Pechora region of Russia.

I am hugely encouraged by the fundraising from the banks, that is probably a record fundraising for an OFEX listed company, IMO. Clearly they are convinced of the potential, and I cannot wait to see an AIM listing dicument for CDE.

I have asked Peter Hughes to consider having a shareholder presentation once the AIM listing is complete, and I will post details here when the details have been decided.

Andy great research! I will follow it and do some further research and commit a large proportion of my pay cheque to CDE at the end of the month!

Andy, in terms of prospects, you say the EO. has increased in sp quite sharply recently but so has CDE. MY QUESTION: Why would you consider CDE has more in its tank than EO.?

Hoodless Brennan have presented an equity research report on EO. and consider it a speculative buy at 33p... Key is the Golden Eagle and Apache prospects!
Sorry for rabbitting on about another stock on this thread.

Andy, at what market price range would consider CDE as strong buy?

Andy and Money... the link to EO. is here: http://www.hoodlessbrennan.com/CMS_FileCache/HOODLE004_336_1.pdf

I wonder whether you both could give some time to it and see what you think

jameel06

Sorry but have been offlne today, and what a day to miss!

Until we have further information regarding Concorde, and have actually seen the AIM admission document, it won't be possible to assess how good CDE's prospects are.

At the moment people are backing the management quality and experience, but without further information it is impossible to assess the merits of CDE. I am not qualified to recomend a buy, but even if I was, I would wait until we had some figures to work on.

I hold CDE, but I won't be adding any more until the AIM admission has taken place, and I have more information to work on.

In fact, if the market turmoil persists, CDE's float price may be reduced, we shall have to wait and see.

I will try and read the Hoodless pdf tomorrow.

All,

Concorde AIM transfer delayed by one week.

Concorde Oil and Gas plc
Concorde Oil and Gas plc - Amendment to the sale agreement

17 MAY 2006
Concorde Oil and Gas plc
("Concorde" or "the Company")


Amendment to the sale agreement

The date for completion of the acquisition of Pechora Energy Company LLC
("Pechora") has been extended by seven days in order to complete the necessary
legal process. It is now anticipated that admission to AIM and the completion
of the acquisition of Pechora will take place by 26 May 2006.



ENQUIRIES:

COLLEGE HILL 020 7457 2020
Ben Brewerton / Paddy Blewer
VSA RESOURCES 020 7628 3989
William Voaden

andy, any idea on placing price? Any broker views on what is fair value? Surely this is slightly bad news if things are delayed

jameel06,

Well if the legals aren't completed, they have no option but to delay, so I'm not convinced it's bad news, although I would have preferred it to go ahead on Friday, as I'm away the following Friday, so can't watch the action.

This is disappointing, but not unexpected, IMO, due to the current market conditions.

Just a couple of days more and CDE would have listed without any problems, but sentiment has moved against it, cest la vie!

I notice they now say "before 7th July" so as to keep us guessing on the actual date!



Concorde Oil and Gas plc
Concorde Oil and Gas plc - Acquisition Update

30 MAY 2006

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


Acquisition Update

Due to adverse market conditions, it has not been possible to complete the
acquisition of Pechora Energy within the original timeframe. The Company has
agreed a six week extension for the acquisition, resulting in an intention to
list on AIM before 7 July 2006.



ENQUIRIES:

COLLEGE HILL 020 7457 2020
Ben Brewerton / Paddy Blewer
VSA RESOURCES 020 7628 3989
William Voaden

Yesterday was the final day for the extention - and the lack of news suggests to me they may not have made it, and teh Pechora deal will not go through.

I hope I'm wrong, but the lack of news makes me feel the vibes aren't good, IMO


Starvest will also suffer a drop if this comes to pass, as they hold 55 million CDE.

Still no news, and this doesn't look good IMO, unless they are close, and simply trying to close the deal.

They really have to announce something today IMO.

CDE have conformed they have not been able to complete the fundraising in time!

The price is holding, but I guess that's because if people try and sell the mms will drop the bid savagely, as it's on the OFEX.



Concorde Oil and Gas plc - Acquisition Update


16 AUGUST 2006

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


Acquisition Update

Due to continued adverse market conditions, it has not been possible to
complete the acquisition of Pechora Energy within the modified timeframe.

The Company is currently evaluating available options, and remains committed to
continuing operations in the international hydrocarbons industry. A further
release will be made in due course.

tried to sell yesterday-savage is not strong enough to describe the price they offered!! decided to hang in there and see what happens.

moneyplus,

Someone over the road was offered 1.25p!

Effectively they are locking people in, which highlights the dangers of investing in AIM and OFEX IMO.

let's hope they can revive the deal in September.

Ouch - glad I thought this was overcooked when I was looking at it around 15p! Commiserations to anyone who may be feeling the squeeze.

Andy, do these guys have any assets or cash in the bank - i.e. how badly stuck will they be if the Pechora deal fails to come off?

Soul traders,

Not much, they were trying to raise the money for the Pechora deal.

They do not draw saleries, and have minimal costs, so no immediate cash concerns, but they need a deal.

Running on a shoestring, then. Maybe those other three licences will generate a deal, but the market's confidence may have been knocked by the fact that CDE hasn't got Pechora wrapped up.

Best of luck, etc.

Sol traders,

Two sells this morning, and they were both done at 2p!

17/08/2006 08:11:35 2.00 70,817 O 1,416.34
17/08/2006 08:11:48 2.00 54,098 O 1,081.96

The bid - offer spread is meaningless, as they are savagely marking it down to prevent selling.

CDE finished the week on 2pBID, and i would imagine any wave of selling would result in another quick markdown.

CDE are going to have another go at raising the cash in Seoptember, but they won't be able to do it at much above 1p IMO.

Whether the deal can still be concluded at that price is another matter, but I remember someone posting ater the price rose from 1p to 15p sp quickly that the institutions wouldn't come in at that price and give PI's such a profit, and so it came to pass!

A rare example of PI's being in before the institutions, and it got murdered!

Someone just sold 75K @ 1p!

01/09/2006 13:12:47 1.00 75,000 O 750.00

CDE looks doomed without positive news.

CDE slipped out final results after the bell last night!


They don't make pleasant reading, and offer little hope of completing the Pechora deal now.

Click HERE

More sells went through at 1p, which is effectively the BID price now.

Any attempt to sell size would lead to the bid lowering further IMO, holders are effectively locked in.

This will hit the NAV of SVE, which has a holding of at least 55 million shares in CDE.