Cadogan Energy Solutions Share Discussion Threads

[sesame03] 28/10/2013 21:10

20 December.

[targatarga] 28/10/2013 13:43

web - around about... wouldn't be surprised they string it out a little longer... imho

[webshares] 28/10/2013 13:32

Wasn't it dec 12th the earliest date to delist?

[targatarga] 28/10/2013 13:07

feels like were being prepared for a low bid/delisting....

[stonefold] 24/10/2013 14:13

Proposed change to law regarding subsoil licences and auctions.
Not sure if it only applies to new licenses.
Special permits for subsoil use will be replaced with either
production sharing agreements
or concession agreements.

More competitive process for auctions.

More clarity regarding which department of state the contract is with to reduce the chance of confusing legal challenges to the validity of the licence.

www.minprom.ua/digest/136562.html

[targatarga] 10/10/2013 09:37

looks like the clever money got out yesterday!

[spangle93] 10/10/2013 07:15

Well, a number of electrons died in vain in that RNS. Was that really notifiable.

Paraphrase
"We messed around with the well for a bit longer but it's starting to get a bit nippy out here at nights, so we'll pack it in for now and come back again in the spring when it's nice for picnics"

[billy_liar] 09/10/2013 15:03

Nah, they are happy just bleeding it dry.

[targatarga] 09/10/2013 15:02

looks like 20p wasn't going to happen. Delisting anybody!

[edubs] 08/10/2013 09:37

From hxxp://www.nrcu.gov.ua/en/148/543976/:

Eni, Cadogan to study environmental state of shale gas deposits in Volyn region

04-10-2013 14:59
Zakhidgazinvest LLC (Ivano-Frankivsk region, the shareholders of which are Italy's Eni and UK company Cadogan) will examine the environmental state of areas for shale gas exploration, the press service of Volyn Regional State Administration has said.

During the first phase, Zakhidgazinvest intends to explore the area in Ivanychi district. "With good organization and proper preparation, the work on the exploration of shale gas deposits could begin in the summer of 2014," said the administration. As reported, in early October 2012 Cadogan Petroleum Plc and Nadra Ukrainy closed a deal for the sale to Eni S.p.A. of a 50.01% stake in Zakhidgazinvest LLC (Ivano-Frankivsk region). After the transaction, Cadogan retained a 15% stake in the company. Zakhidgazinvest has licenses for the development of nine shale gas deposits in western Ukraine with a total area of 3,800 square kilometers, which are the extension of Polish-based Lublin basin. According to the State Service of Geology and Mineral Resources of Ukraine, Eni provided the authority with an exploration program for 2012-2015 with a total value of $55 million. It is planned within the program to implement four exploration clusters, in each of which the technology of vertical and horizontal drilling and hydraulic fracturing will be applied.

[waveneygnome] 07/10/2013 13:10

Yes, we are expecting news.

[brouwpa] 06/10/2013 18:32

Are we expecting any news in the next 2-3 months, I have some other bets I would like to make with a view to coming back later. Any thoughts?

[stonefold] 03/10/2013 17:41

Looking over the 1/2 yearly report in the balance sheet section has
$1.7m receivable from OAGSG
So the loan has been activated.

=========

And today a bit from WGI

www.kmu.gov.ua/control/uk/publish/article?art_id=246734987&cat_id=244277216

==================

O/T
Chevron Oleska shale PSA saga continues - the agreement signing is about nine months overdue.

Central government are supportive.

And on the second attempt last month Ivano-Frankivsk regional council voted to approve it.

That just leaves approval from Lviv regional council who were due to vote on it today but:

www.interfax.co.uk/ukraine-news/svoboda-faction-members-blocking-lviv-regional-council-want-to-hear-chevron-representative/


"Lviv, October 3 (Interfax-Ukraine) – Members of the Svoboda Party faction of Lviv Regional Council blocked the rostrum at the regional council on Thursday.

Svoboda deputy Yosyp Sytnyk stated from the rostrum that the party demanded that a representative of Chevron appear at the regional council and comment on recent claims alleging that Svoboda had demanded a bribe from Chevron for "easy approval of the production sharing agreement (PSA) by the regional council."

Svoboda faction members surrounded the presidium and the rostrum at the session hall and ignored those of their colleagues who asked them to calm down and proceed with the meeting.

Earlier, the Express newspaper in Lviv reported that Svoboda had allegedly demanded $450 million from Chevron for the approval of the draft PSA on shale gas extraction.

In turn, Svoboda made a statement refuting the report and said that it was going to sue the newspaper."

edit---------

Later in the day it was voted through.

hxxp://www.energy-pedia.com/news/ukraine/new-156254


"A second regional council in Ukraine on Thursday approved a government draft for a $10 billion shale gas production-sharing agreement with U.S. energy major Chevron , clearing the way for it to be signed. Deputies in Lviv region voted by 66-to-3 in favour of the draft, which calls for shale exploration in the Olesska field...."

==========

So that is a belated but reasonable marjority thumbs up for shale exploration in the west for Chevron - hopefully official clarification of the WGI status will follow soon.

[lukethefool] 01/10/2013 15:19

A couple of big matched trades? as ever nice and unclear with this company.. fingers crossed?

[bones30] 01/10/2013 14:02

Yes, I've never understood this one either. I understood BdP to be quite rich enough.

[waveneygnome] 01/10/2013 13:48

Don't think thats the case here.

Most of the Directors are linked to the major shareholders.

Plus I don't think Damille Investments would just sit back and watch their dosh disappear.

[billy_liar] 01/10/2013 13:38

Move along. Nothing to see here. A company run for the benefit of greedy directors, frittering away shareholder funds for as long as they can get away with it.

[waveneygnome] 01/10/2013 13:26

Lots of volume today.

[flyingbull] 30/9/2013 15:49

No bad news from the CAD RNS today!

The October oil stock challenge is still on. Deadline for entries is midnight tonight, Monday 30 September. Good luck!!! 



fb

[diesel] 30/9/2013 09:39

They are beginning to sound like a serious oil E&P company.

[webshares] 30/9/2013 07:53

Yeah positive but the wait goes on

[west coast trading] 30/9/2013 07:45

looking good again. May well see 20s today given no value is put on their assets.

[v11slr] 30/9/2013 07:26

Have they actually found something they can sell?

[waveneygnome] 30/9/2013 07:05

Whats going on?

That update sounded positive.