Thanks brumbrum79 |
Italian government approved Pitesai (transition energy masterplan) in february 2022.
Thanks to Pitesai plan, the Italy’s oil and gas exploration (permits or applications) moratorium has been lifted.
We will see what happens to Exploenergy srl (90% Cadogan Petroleum) and its applications for two exploration licenses located in the Po Valley region. |
Proger Spa "highlights" FY2021:
Gross Revenues 93,4 m€ (+6% y/y);
Ebitda Margin Adjusted 12% (ex 13,3% FY2020);
Net Financial Position 26,7 m€ (ex 26,1 m€ FY2020);
PFN adj/EBITDA adj = 2,4 -> EBITDA adj = 11,125 m€
PFN adj/PN = 0,5 -> PN FY2021 = 53,4 m€ |
I hope that the Cadogan board do not award any bonuses to themselves for 2020, still outstanding and awaited, and 2021. Bonuses are impossible to justify by any criteria. |
 Lots to investigate - this holding company is a mystery
Cadogan Petroleum Holdings BV
Headquarters
Company Information
Cadogan Petroleum Holdings BV
Hoogoorddreef 15
1101 BA Amsterdam
The company with the name Cadogan Petroleum Holdings BV is registered with the Chamber of Commerce (KvK) under number 34299186 and has its registered office at Hoogoorddreef 15 in the city of Amsterdam with the postal code 1101BA. The main activity of this company is classified under Financial holdings.
Chamber of Commerce 34299186 0000
Location number 000020576331
Legal form Private limited company with ordinary structure (41)
Standard Business Layout Financial holding companies (642)
Township Amsterdam
Province North HollandLast modified: 2022-04-08
Financial information
RSIN 819270453
VAT number NL819270453B01
Trade names of Cadogan Petroleum Holdings BV
existing trade names
Cadogan Petroleum Holdings BV
Trade register publications of Cadogan Petroleum Holdings BV
The table below lists the publications for Cadogan Petroleum Holdings BV. A total of 48 publication(s) were found. These publications are processed daily.
Only the first twenty publications are displayed in the public environment.
To search:
Publication date Publication
2022-04-05 Change
As of 2022-03-04, director Oleksiy Afanasiev stepped down from his position.
2022-04-05 Change
As of 2022-03-04 director Fady Khallouf took up his position.
2021-12-20 Filing
The annual accounts have been filed for the 2020 financial year. |
This morning CAD's RNS:
From today CAD resumes Crude Oil Production in ukraine.
CAD stopped Crude Oil Production for 23 days (from 7 march 2022). |
I sincerely hope everyone on this BB is safe and warm. My thoughts are with you. |
Hope he gives up and doesn't appeal Bitlyanska decision. |
Sorry for saying the obvious .. after being ignored for ages, finally CAD moves up! |
Impairments loom. |
Bitlyanska license litigation
Yusenko nadra LLC (Cadogan) vs Geonadra Ukraine
Case nr. 640/24741/20 + 640/7578/20
03 february 2022
hxxps://youcontrol.com.ua/en/catalog/court-document/103460798/
hxxps://youcontrol.com.ua/en/catalog/court-document/103460792/
Good reading.
Yusenko nadra LLC lost both cases.
Now, prudently, ceo & management board should devalue all Ukrainian assets. |
No Fady is standing right behind us.
About 2000 miles......... |
So you guys are lucky Fady is so Fadding useless that the only value in this company is the cash pile ????? |
Cadogan have more cash reserves held outside ukraine , in fact in cash terms twice this value the company's worth with other assets not in Ukraine. This does not include the cash owed by Proger Managers & Partners Srl. |
I assume cash in bank and possible Proger settlement would be our saving grace. Sad day all round.Let's hope Fhady isn't allowed to milk this till it runs dry. imho |
Seems pretty straightforward loan agreement. PMP appear to be in default. Why is arbitration taking so long. |
Proger went to arbitration in March 2021. A year with no progress reports. |
when your holding in shares is worth 4 times the share price , yes still holding |
I'm still holding and hoping and appreciate your posts irt. :)
As always, thanks for your input. |
I'm here it'srisky.. I still believe we'll get taken out on the cheap just before the business makes a fortune. Can't see Fhady offering much of a premium though! |
Morning.
Don't see the point of posting here as no-one reads this board any longer? Does anyone still have an interest in posts about Cadogan?
It's the CEO that has killed any interest here. |
The general lack of foreign exchange if the Hryvnia falls from an exodus into US dollars is another problem for Ukraine.
But most of Cadogan cash is already in dollars in a safe bank. Also Cadogan’s oil sales price is set in dollars, paid in Hryvnia, and converted back into dollars.
So a fall in Hryvnia hardly reduces the cash flow at all and doesn’t change the amount of dollars on deposit in the bank.
Some might say to shut down oil operations, decommission, and close the operational side of the business, and strangely that would send the share price up! |
Western Ukraine sums up their current position. |
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