Cadogan - Öl & Gas aus der Ukraine

You have been alerted.

*big smile*

http://brokermandaniel.com/2011/03/31/cadogan-petroleum-alert-warning/

Wednesday, Apr 13 2011 by Fox Davies Capital

Cadogan Petroleum (LON:CAD) plc (CAD, 50p,  5.9%) announced that it has reached agreement with Eni S.p.A ("Eni") for the acquisition of an interest in the Company's Pokrovskoe and Zagoryanska licences in the east of Ukraine. Eni will initially acquire a 30% interest in the Pokrovskoe licence, with the option to acquire a further 30% interest in the future. Eni will also acquire a 60% interest in the Zagoryanska licence. The initial consideration will comprise 100% funding of a work programme of approximately $30 million (excluding VAT), including drilling and seismic re-processing, plus a $38 million payment. Subject to successful results from the above programmes and award of production licences, Eni will pay the Company further amounts of up to $90 million....

http://www.stockopedia.co.uk/content/...etroleum-atlantic-coal-55716/

With plenty of details to be discussed between

Cadogan and its new partner Eni, operationally

things are quiet on the eastern front.

.....

If all goes as expected next month a new chapter

begins for Cadogan.

http://www.hardmanandco.com/Research/monthly/MONTHLY_MayJune2011.pdf

The proxy vote in favour was 37,832,846 with no votes against or votes
withheld.

http://www.investegate.co.uk/Article.aspx?id=20110616180146P3D67

Transaction on two Cadogan licences in Eastern Ukraine

Cadogan is pleased to announce that its transaction with the major integrated Italian energy group, Eni S. p. A ("Eni"), completed on 6 July 2011, with the conditions precedent to the transaction having been met to the satisfaction of both parties.....

http://www.investegate.co.uk/Article.aspx?id=201107070700089227J

http://www.investegate.co.uk/Article.aspx?id=201108020700145249L

et voila unser neuer CEO:

http://people.forbes.com/profile/bertrand-des-pallieres/150498

oolaboob u nailed it:

so we've got

bertie- who understands the markets

Zevvy- who understands world politics

Barry who understands ukraine and commercials resource op's

a shed load of cash

big hitter farm in

(hopefully) cracking assets to prove up

Bugger me i might as well just stick a sell price of £2 in and go to the beach ........:)

"...Aktien sind Sondervermögen, sie haben bei Staatsbankrotten, bei Inflation und anderen Reformen Bestand. So besaß die Familie Quandt auch noch nach 1945 ihre BMW-Aktien. Deswegen versuche ich, diesen Pessimismus zu zerstreuen. Ich glaube, dass man den Anlegern sagen muss: Greift zu, und lasst euch nicht beirren!..."

http://www.focus.de/finanzen/boerse/tid-23803/...ssen_aid_671692.html

Blazh-10 well Update

Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, is pleased to announce that the performance of its Blazh-10 well has continued to improve during clean-up and that production has increased to circa 385 bpd (25th April: 150 bpd) of oil in natural flow.  





The clean-up is expected to continue for about a week, until the site is vacated by the drilling contractor, with the oil being piped to the production tanks. The clean-up will be followed by an exhaustive well test program designed to collect down hole samples of the oil, to record the flow profile within the perforated section of the well-bore and to establish the productivity index. The company expects to have a better sense of a sustainable rate of production from the well upon completing the clean-up and the following well test.

The Blazh-10 well encountered 156 meters of the target Yamna formation sandstone, with log interpretations confirming the entire column as oil bearing. The well was drilled to a total depth of 3,394m and set a local benchmark for drilling time. The well is located on the Monastyretska license, in the West of Ukraine, near the border with Poland.

Further updates will be provided as and when appropriate.

Guido Michelotti, Cadogan Petroleum CEO, commented:

“We are excited by the results of Blazh-10. The well produces more in natural flow than the other three existing wells on the license combined, despite the other wells having sucker rod pumps installed. The contribution of the Blazh-10 well has taken Cadogan’s current production to some 600 bpd of oil, the highest level ever in the history of the Company"

The contribution of the Blazh-10 well has taken Cadogan’s current production to some 600 bpd of oil, the highest level ever in the history of the Company