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

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.