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CAD Cadogan Energy Solutions Plc

2.25
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Cadogan Energy Solutions Plc CAD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 2.25 08:00:14
Open Price Low Price High Price Close Price Previous Close
2.25 2.25 2.25 2.25 2.25
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Cadogan Energy Solutions CAD Dividends History

No dividends issued between 28 Apr 2014 and 28 Apr 2024

Top Dividend Posts

Top Posts
Posted at 22/4/2024 08:12 by spangle93
Oh dear, that's a bit of an abrupt departure



"Cadogan Energy Solutions plc announces that with immediate effect Jacques Mahaux has resigned as Chairman and Non-Executive Director of the Company. Michel Meeus, Non-Executive Director and previous Chairman of the Company, has been appointed by the Board as Interim Chairman of the Company."


No "as part of succession planning, Jacques plans to step down in ... months "
No "we thank Jacques for all his time and experience in growing CAD"
No " we wish him well in his future endeavours"
Posted at 12/2/2024 08:53 by brumbrum79
...Thanks to 'Welcome Bonus' of 5.500.000 Cad shares for nothing... Shares will be always undervalued.
Posted at 29/1/2024 07:53 by brumbrum79
...
'Cadogan introduced an appeal, still pending, before the Court of Appeal of Rome with a next hearing on 25 September 2025.'

'Last November 2023, Cadogan had to initiate a second arbitration to assert its right to restitution and obtain Proger's condemnation of the consequent payment.

The parties are awaiting the nomination of the members of the Arbitration Board.'
...

How much does it cost these appeals?
Based on my informations no less than 600.000/800.000 euro.
Cad is losing time (see first new appeal next hearing date... on 25 september 2025.. 20 months from today) and money (arbitration process costs + fee to legal consultant).

Last but not least, as well as in the last 4 years no mention about new business idea and investment opportunity outside of ukraine from management board.
Cad has more than 10Ml$ of cash.. But Management will use that cash to pay arbitration process costs and fees

Thanks to fady and management board. The be(_)st ceo and management board of the world.
Sometimes it's better to find an alternative solution.

Next Agm I will vote against all resolutions proposed by this management.
It's time to change.
It's time to create value... until now this board achieved "great results" (at least -50% of Cad's share value from november 2019). Thanks a lot for this wonderful performance!
Posted at 21/1/2024 18:06 by brumbrum79
Directly taken from Cad half-year report 2019 (ref. Page 3 Operations) published on late august 2019:

'Lastly, a third party was engaged to prepare an independent Competent Person’s Report (CPR) on the
Company’s reserves and resources, which is expected to be delivered in the second half of the year.'

CPR never published by Cadogan (meeus') management...

Directly taken from Cad annual report 2022:
'For the purpose of geological construction precision of Blazhiv oil field and Monastyretska fold and also
identification of new perspective
structures within the license area
boundary,
Cadogan launched analyses for data reprocessing and reinterpretation of old 2D seismic data at the end of 2021. The Company completed studies and received the required data for field skeleton structural and tectonic modelling.'

Also for this only silence from Cad (meuus') management.
Posted at 19/1/2024 23:55 by brumbrum79
Proger goes on...

18.01.2024
Partnership with NW for the development of a 1 GW storage network in Italy

18.01.2024
Partnership with NW for the development of a 1 GW storage network in Italy

Proger has signed a partnership agreement with the French company NW, an independent operator in the green energy sector that produces decentralised storage units, renewable energy production plants and high-performance electric charging stations. The agreement provides for the development in Italy of a network of JBox® electrical energy storage units, patented and manufactured by NW, with a total capacity of approximately 1 GW.

“We are very pleased and confident about the agreement signed today in Paris with NW, a young and dynamic company, but at the same time well established with a storage network already connected for more than 500 MW“, commented CEO Marco Lombardi: “For us, it represents a new step in the path of sustainable transition that our company has been following for several years: we believe that distributed storage solutions will increasingly become an essential element for dispatching services aimed at increasing the solidity and stability of the national grid, an essential condition for the unstoppable green transition process“.

Link:
hxxps://www.proger.it/en/partnership-con-nw-per-lo-sviluppo-di-una-rete-di-storage-da-1-gw/

hxxps://www.nw-groupe.com/en/
...

Next Agm I will vote against all resolutions proposed by Cad's management board because these people are ridiculous.
The most ridiculous is mr. Meeus and his requisition letter of november 2019 (Cad share price 5.0 Gbx)...
...'Continuous underperformance of the Company'...
Meeus' management team achieved a super performance (at least -65%) from november 2019 to now...
Share price collapsed to 1.5-1.75 Gbx.
Great job "twins & clowns".
Posted at 09/1/2024 21:22 by brumbrum79
Astro-energy Llc (ukraine - cadogan group), engaged in the natural gas trading activities, required VAT refund for 1.283.333 Uah (usd/uah exchange rate = 38.14 -> Usd 33.647) on 19 december 2023.
Link info:
hxxps://mof.gov.ua/en/vat-refund/results?vat%5Bkod_pdv%5D=&vat%5Btin%5D=&;vat%5Bname%5D=&vat%5Bn_reg%5D=9345459854&vat%5Bd_get%5D=


I wish Cad didn't lose money with NG trading activities but I'm not so confident.

ByeBye

PS
I searched a little better.
Astro-energy llc required four VAT refund in the 2023 -> May/August/October/December.
Uah 335.040/2.925.000/600.000/1.283.333
Total VAT Uah 5.143.373 (maybe Usd 135.000-140.000).

hxxps://mof.gov.ua/en/vat-refund/results?vat%5Bkod_pdv%5D=&vat%5Btin%5D=&;vat%5Bname%5D=%D0%A2%D0%9E%D0%92+%22%D0%90%D0%A1%D0%A2%D0%A0%D0%9E%D0%86%D0%9D%D0%92%D0%95%D0%A1%D0%A2-%D0%95%D0%9D%D0%95%D0%A0%D0%94%D0%96%D0%86%22&vat%5Bn_reg%5D=&vat%5Bd_get%5D=
Posted at 25/12/2023 19:06 by thordon
Merry Christmas , a really good gift that Cad except Progers shares and add value here.
Posted at 20/9/2023 13:33 by brumbrum79
Proger spa - Economic and Financial Keywords 2022 - 2021 - 2020

hxxps://www.proger.it/economics/ (italian language)

Imho, for CAD it would be better to sign a new agreement (or "exercise the call option" & close the deal) with Proger/Proger ingegneria/PMP.

Imho, CAD 1H2023 results was a complete disaster in terms of Crude Oil production, revenues, Oil sale price (discount applied on Brent price), gross profit margin (1H23 13% vs. 1H22 32,2%)... Thanks to fady meeus & management board... "Great job"!

After 4 years Cad is studying a gas-to-power solution for the optimization of the use of the produced gas (associated gas to Oil production) in its oil production operations (blazhiv oil field).

The gas-to-power plant (400-800 Kwh) project, using associated gas (ch4), was proposed by Michelotti in the 2019.
In 4 years this ceo & management board didn't do nothing.

Last but not least, after six months there's no update about Exploenergy capital increase.

ByeBye
Posted at 23/4/2023 16:59 by brumbrum79
Imho, here everyone must understand:
1) there's no one new business idea or future plan for Cad;
2) they changed the company name only to take time;
3) they should resolve peacefully the legal claim with Proger/PMP;
4) ukraine country and economy is over for the next 5-10 years;
5) meeus's management team & board members are "the best choice" -> after 3 years of nothing on the business side. Cad pays them 1M usd/yearly;

Based on info taken here:
hxxps://arest.ubase.com.ua/auction/522852 (please click on 'Trading protocol' you can see and read doc in pdf format)
It "seems" that Yusenko Ukraine has purchased 5% of shares of Yusenko Nadra in April 2023, price due 876520 Uah (Usd 24000) through an (legal) auction.
Previously Yusenko Nadra share capital was:
95% Yusenko Ukraine - contribution Uah 14250000;
5% NAK "ZAKHIDUKRGEOLOGY"
(a SUBSIDIARY ENTERPRISE of "NADRA OF UKRAINE") - contribution Uah 750000;

We understand that Yusenco Nadra LLC valuation (100%) should be 480000 Usd;

From opendatabot.ua & hxxps://clarity-project.info/edr/30051913/finances?current_year=2022
hxxps://clarity-project.info/edr/35336083/finances?current_year=2022
hxxps://clarity-project.info/edr/35193237/finances?current_year=2022

you can see:
Yusenko Nadra LLC financial statement 2022 net loss -1092600 Uah (-29600 Usd);
Yusenko Ukraine LLC financial statement 2022 net loss -45356900 Uah (-1230000 Usd);
Astro-Energy LLC financial statement 2022 net loss -136278000 Uah (-3692170 Usd);

Wow, "great results" :(

ByeBye
BrumBrum
Posted at 30/1/2023 21:52 by brumbrum79
In the 1H2022 (181 days) Cad produced 336 bbls/day -> total production 60.816 bbls.

Oil production in the 1H2022 was suspended for 3 weeks (or 21 days)... So Oil production per day was 60.816 bbls/160 days = 380 bbls/d.

Full 2022 Cad produced 322,7 bbls/day -> total 117.793 bbls.

2H2022 (184 days) Cad produced 56.977 bbls -> 309,5 bbls/day. We don't know how many days oil production was suspended in the 2H2022.

Oil revenues in USD for 2H2022? Imho, Less than 1H2022 based on: lower Oil production, lower Oil price, devaluation of gryvnia against USD.

No news/update about: New CPR on Blazhiv oil field, New business/diversification, Proger, Exploenergy, etc...

As always, a high level of transparency towards shareholders.

Based on my information Proger gross revenues 2022 should be 104,3 € millions (2021 89,4 €m; 2020 88,25 €m).

ByeBye

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