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

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