Cadogan Share Price - CAD
|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Cadogan Petroleum||LSE:CAD||London||Ordinary Share||GB00B12WC938||ORD 3P|
|Price Change||Price Change %||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)||RN||NRN|
|Oil & Gas Producers||32.6||-59.1||-25.6||-||23.40|
Cadogan Petroleum News, Charts, Forums & Trades
Cadogan Petroleum News
|28/8/2015||13:44||ALNC||Cadogan Petroleum Loss Widens In Tough Period For Oil And Gas|
|28/8/2015||13:30||ALNCF||Alliance News Flash Headline|
|28/8/2015||13:23||UKREG||Cadogan Petroleum Half-yearly Report|
|28/8/2015||13:22||PRNUS||CADOGAN PETROLEUM PLC - Half-yearly Report|
|07/7/2015||13:10||UKREG||Cadogan Petroleum Holding(s) in Company|
|07/7/2015||13:10||PRNUS||CADOGAN PETROLEUM PLC - Holding(s) in Company|
|26/6/2015||07:00||UKREG||Cadogan Petroleum Result of AGM|
|26/6/2015||07:00||PRNUS||CADOGAN PETROLEUM PLC - Result of AGM|
|25/6/2015||13:24||ALNC||Cadogan Petroleum Hires Eni Veteran Michelotti As Chief Executive|
|25/6/2015||13:02||UKREG||Cadogan Petroleum Directorate Change|
Cadogan Petroleum Share Charts
1 Year Cadogan Petroleum Chart
1 Month Cadogan Petroleum Chart
Intraday Cadogan Petroleum Chart
Cadogan Petroleum Discussions and Chat
Cadogan Petroleum Forums and Chat
|02/9/2015||18:12||CADOGAN PETROLEUM serious investors - moderated||18,974|
|09/3/2013||19:19||Colonial Coal International Corporation||2|
|04/3/2013||10:16||CADOGAN PETROLEUM serious investers only||384|
|11/2/2011||21:53||Cadogan / Regal||-|
|06/2/2011||10:42||Newspaper and magazine share tips||2|
Cadogan Petroleum Top Chat Posts
|stonefold: Ignoring small trades the volume is promising. Someone building up - before the share price rerates to reflect the full value of the company?
Recent Total 5,715,000
As most are late reported trades they seem to get missed off the various volume charts.
Well done to BDP - his gas trading efforts do seem to have revived the share price a touch.
JKX won a positive ruling in a lower Ukrainian court recently which said that the gas production tax should reduced back to 28%. The Ukrainian Government will be reaching their decision on the tax rates very soon - all the signs point to them being lowered to promote exploration and production activity.
|brando69: though i'm guessing that one thing that you probably have in common with the CAD share price is erectile dysfunction.|
|brando69: i think just about everything you could name is above the CAD share price at the moment|
|waveneygnome: Call me a cynic, but the rise in share price just before the agm will certainly get everyone in a good mood!|
|waveneygnome: Volumes picked up in last few days....I like the rattling lid analogy....but I guess some long-term holders need more of a pressure cooker head of steam to make the share price recover.|
|oli12: From the iii board by DukeofPlazatoro Further to my post below, I note the questions we will be asking. These went out in a letter to the Chairman, Zev Furst last Friday: 1. How is the Company planning to recover the share price beyond the 46p price it was when you joined the Board? 2. When will the Company's new broker, Cantor Fitzgerald, provide an Analysts Note on the Company? As we all know, the information supplied to shareholders by Mr Furst and his Board has been woeful and we would like to know what they are doing. 3. Is the Company seeking to progress conventional oil & gas plays or does it see its future value coming from its shale gas plays? What type of Company is Cadogan seeking to be? This is because the market should give some value to the ENI partnership, but isn't doing so and we would like the Board to explain why 4. Where is ENI in its technical analysis of the shale gas potential of the ten licences acquired through LLC Westgasinvest? When will they be in a position to undertake drilling activity and what is the potential from the play? They have given no information on this at all 5. Will the Company actually receive 15% of the economic value arising from its ownership of the LLC Westgasinvest shale gas play or a lower percentage? What is the estimated value of the initial exploration programme which will be funded by ENI and what is the amount of the "free carry" for Cadogan? There is no estimate of the expected monetary value of this, so the market cannot put a value on it, and so hasn't and this has contributed to the moribund share price 6. When will the Company be in a position to provide its shareholders with more information on the results of the technical work programmes on its current assets? 7. What is the Company's drilling plan for 2013-2014? The annual report doesn't say anything 8. Why has there been such poor exploitation of the Company's existing assets? 9. Why is the Company not taking part in the licence auctions which come up from time to time in Ukraine? 10. Why did the Company only hold four Board Meetings in 2012 (as per page 22 of the Annual Report)? A company in this condition and with such poor share price performance would normally be expected to be holding Board meetings far more frequently than once a quarter 11. What is the purpose of Item 14 on the AGM special resolution, "Cancellation of Admission to Listing and Trading"? 12. When does the Company believe it will be able to announce the acquisition of new assets or licences? 13. Please confirm that none of the Directors or the Board are aware of any formal or informal relationship between the Company's major shareholders which would allow those shareholders to vote collectively as a block of greater than 50%. There have been a lot of rumours here, hence the question 14. Why have none of the Non-Executive Directors and Chief Operating Officer, in accordance with normal practice, purchased shares in the Company, especially with the share price down at only 16p? Do they not believe in the future value of the Company? The letter comes from a group of PIs totalling about 3 million shares in all Although this board (meaning the iii board, not Furst and his pals) seems to have gone dead over the last few months these are the kind or questions that people used to post here. So if any of you are still around and still have shares in Cadogan, please come to the AGM - these questions are in your interest too - and expect an entertaining time|
|downes2: I would like to point to Regal who have surpassed CAD on the share price This was a company going nowhere but have recovered & seemingly have a higher reckoning if you look at the comparison of the sp's with Regal 10% above the CAD share price.|
|ian 50: This isn't about Crimea or Ukraine it's about CaD can it preform who knows,,when it's share price continues to drop with little news from th management I look CAD overall and it seems to be underfunded, Politically whether Russia takeover or not is really hrere or there Russia could nationalize it then it's definetly quack quack|
|sesame03: October 23, 2012
Cadogan Petroleum Increases Capex But Investors Have Yet To See The Results
Cadogan Petroleum has worked hard to right itself after a bruising couple of years in Ukraine but, as evidenced by its share price, investors are not yet convinced by its turnaround story. Over the first half of this year the company increased spending fourfold to over U$16 million – and, happily, also trimmed almost US$5 million off operating costs - yet production remains stubbornly low, around 210 barrels of oil equivalent per day and the share price is limping along at 15 pence
One issue for the £43 million market cap company is a relatively limited work programme. There has been no activity to report on the Pirkovskoe and Bitlyanska licences and very little to update on its minority licences in the west of the country. On the producing Zagoryanska field, where last year ENI paid US$38 million for a 60 per cent stake, a new well, Zagoryanska 11, has been drilled to 5,180 metres. Testing is still underway and results are due before the end of November. Workovers on three Soviet-era wells have underwhelmed, however, with one, Zagoryanska 8, now abandoned due to the problems of unblocking this old well with the available in-country equipment.
On the Pokrovskoe project, operations are temporarily suspended after the running string got stuck in the Pokrovskoe 2a well. Yet it would seem there is no hurry to pour further cash into this project after farm-in ENI, having studied the results of the Pokroskvoe 1 well, deepened in 2011, and the Pokroskvoe 2a well, decided not to exercise its option to acquire a further 30 per cent in the project.
So far it doesn't add up to a compelling investment case as these Soviet-era projects are proving more difficult to rehabilitate that first thought, particularly given the limitations of the available rig fleet. The bright spot has to be this summer's announcement that Italian energy giant ENI planned to join its venture to explore nine shale gas licences stretching for 3,800 sq km in the Lviv Basin, which is a continuation of the Lublin Basin in Poland. ENI has taken a 50.01 per cent stake in Westgasinvest, a joint venture company formed by Cadogan and state-owned Nadra, with Cadogan holding 15 per cent.
Although it is still early days, this is an exciting move as it exposes the AIM company to one of the potential big players in Europe's fledgling shale gas industry: Ukraine is reckoned to hold Europe's third largest shale gas reserves – some 42 TCF according to the US Energy Information Administration – and, unlike many other European countries, is keen to fast-track the development of these to offset its dependence on Russian gas supplies. CEO Bertrand des Pallieres said that although the results of the shale gas initiative will take time to be realised, the company has the advantage through the ENI deal to participate in the venture "without the usual significant levels of capital".
While the Cadogan balance sheet looks reasonably healthy – it has cash of almost US$47 million and cash burn is now under control – its long-running legal wrangles with Global Process Systems continue. GPS owes Cadogan US$30 million under the terms of a 2009 settlement but this has still not been received. Cadogan hopes to recover the money through the sale of the two gas plants at the heart of the dispute and through further litigation. This is a significant sum for any company but particularly a small cap. Add US$30 million to existing cash and there's the financial firepower to deliver a value-adding work programme or land new assets to diversify and reinvigorate the portfolio. Certainly investors will be keen for a positive result from the Zagoryanska 11 to restore confidence in the potential of these licences.
|911man: I get the impression that there is no intention to delist otherwise why would they be doing the rounds trying to get investor interest? The drop in share price is a real pain, but Cadogan always seems to revive just when you think it is going to die! You need a strong constitution to hold here. It would be nice to see some positive news coming from BDPs new business moves rather than the bleak drilling news.|
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