CAD Cadogan Energy Solutions Plc

2.40

0.00 (0.00%)

18 Oct 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Cadogan Energy Solutions Plc	LSE:CAD	London	Ordinary Share	GB00B12WC938	ORD 3P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	2.40	2.20	2.60	2.40	2.40	2.40	2,844	08:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Drilling Oil And Gas Wells	7.55M	1.26M	0.0052	4.62	5.86M

Cadogan Petroleum GPS Litigation Update

05/03/2013 7:00am

UK Regulatory


 
TIDMCAD 
 
CADOGAN PETROLEUM PLC ("CADOGAN") 
 
 
 
Further to the announcement of 15 February 2013, Cadogan announces that the sum of 
just over US$21,000,000 (the "Judgment Debt"), which was required to be paid by 
Monday 4 March 2013, has not yet been received. Cadogan is in discussions with 
Global Process Systems LLC ("GPS") regarding both the Judgment Debt and the 
potential further damages payable by GPS to Cadogan and a further announcement 
will be made on this if and when appropriate. In the meantime, interest on the 
Judgment Debt will accrue at a rate of 8% per annum equivalent to approximately 
US$4,600 per day. 
 
                                     ENDS 
 
Enquiries: 
 
Cadogan Petroleum Plc +44 (0) 207 397 8888 
Laurence Sudwarts 
General Counsel / Company Secretary 
 
Bankside +44 (0) 207 397 8888 
Simon Rothschild 
 
 
                                                                   5 March 2013 
 
 
 
END