If Arduino can not be found at default path, then ARDUINO_HOME environment variable should be set.
on Ubuntu (https://help.ubuntu.com/community/EnvironmentVariables): in ~/.profile:
ARDUINO_HOME=~/opt/arduino
export ARDUINO_HOME
temporary changes:
$ env ARDUINO_HOME=~/opt/arduino-0022 python -m confduino.version
0022
$ env ARDUINO_HOME=~/opt/arduino-1.0 python -m confduino.version
1.0