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

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