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

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 . . .