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

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.