Andy
- 22 Jan 2006 21:30
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
mikeingam
- 22 Jan 2006 21:34
- 2 of 108
Very thin market.
Managed to get only 200,000 at 3.75p though recently.
Andy
- 22 Jan 2006 21:38
- 3 of 108
mike,
Well done, already in profit!
I have topped up several times as the price has risen, I have a feeling there may be more to go here.
Concorde are currently doing due dilligence on a project and aquisition in Russia, and if all is well, we should know soon.
Concorde is run by a couple of ex Texaco senior management guys that know their way around the oil industry, so my expectations are high here.
They have added quality management already, including the ex Minister of Geology for the USSR before it split.
In some ways this reminds me of SEY at the beginning.
Concorde are planning an AIM float later this year, Q1 or possibly Q2 I believe.
SueHelen
- 22 Jan 2006 21:48
- 4 of 108
Mike is Dil in disguise Andy my friend.....how did u not spot it.....Ramp alert is all I can say.
mikeingam
- 23 Jan 2006 17:50
- 5 of 108
There is only ONE share to be loaded up with at the moment and that is the cash shell called Harrier(HRR).
Harrier are a cash shell with a market cap of 4.5 million and they have the same amount of cash in the bank.
They have 2 employee's and the interest on this cash will more than pay for their salaries.
A reverse deal is due any day and the shares will rocket believe me.
Bob Morton ( Southwind) has recently increased his stake to the max allowed of 29.9%.
He is a very shrewd cookie.
Strong BUY.
Target price 50p and I aint joking.
SueHelen
- 23 Jan 2006 21:52
- 6 of 108
O pence fair value.
johnywalters
- 23 Jan 2006 21:57
- 7 of 108
bought Concorde at 3.75p NOW 6.25p in a few weeks.
Andy
- 24 Jan 2006 02:00
- 8 of 108
johmywalters,
Yes this has been a quick riser, if only all my new picks were like this one!
SVE are also rising, as they hold around 27 million Concorde in their portfolio.
johnywalters
- 24 Jan 2006 18:35
- 9 of 108
Concorde set to take off as are Harrier !
Andy
- 24 Jan 2006 19:20
- 10 of 108
johnywalters,
Here's the story of the tape today!
6.75 7.25 +0.75 578792 24/01/2006
I now have more than a three bagger in a couple of weeks!
Bring on HRR!
Andy
- 25 Jan 2006 19:37
- 11 of 108
Johnywalters,
Absolutely astonishing, a 67% rise TODAY!
And not a post on this thead!
Concorde Oil and Gas plc 11.00 11.75 +4. 375 2067199 25/01/2006
Words fail me.
Aerotus
- 26 Jan 2006 10:48
- 12 of 108
Jesus Christ!!!
goldfinger
- 26 Jan 2006 10:55
- 13 of 108
What assets does it have Andy?.
cheers GF.
goldfinger
- 26 Jan 2006 23:07
- 14 of 108
Andy, you about?
Cheers GF.
Andy
- 27 Jan 2006 02:29
- 15 of 108
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
Andy
- 27 Jan 2006 02:54
- 16 of 108
GF,
Growth Company Investor have an article that you can read by clicking
HERE
Andy
- 27 Jan 2006 22:07
- 17 of 108
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.
briancarey
- 27 Jan 2006 22:52
- 18 of 108
Andy
Sold up at 11.5p.
Made 200% in a couple of weeks.
Going to buy more HRR now.
Andy
- 27 Jan 2006 23:53
- 19 of 108
brian,
Great profit, good luck with HRR!
briancarey
- 28 Jan 2006 12:01
- 20 of 108
Thanks Andy
share trader
- 28 Jan 2006 22:14
- 21 of 108
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.