Haha yeah. But I'm used to snail pace things, even down! |
Smackeraim - your obviously new here! |
Beginning to slowly move up, like a snail but will get there. |
"Proger have an obligation to pay back the loan."
Amazing prognosis. |
Cash is around 3x market cap. Risky cos of Ukraine etc but still operating, and owed 14 million Euros from court arbitration. Maybe just maybe.. |
RNS this morning about the extension had some long descriptive words like professional, proactive and constructive. Words that are unnecessary. The hallmark of Fady is to keep words to a minimum and keep the sentences short as possible. This sounds to me like someone else is writing the RNS. I cannot imagine Fady is now trying to be colourful with his words. |
 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 |
Based on previous timings the results should be next week or early May. Not expecting any surprises. What is the point in changing the company name if it is just business as usual? |
Early sale was someone getting scalped! |
Zelensky is speaking in the UK parliament at this moment. Let us all hope that politicians in the UK give him the planes he has just begged our parliament for in his speech. My posting has nothing to do with Cadogan directly but the lack of operational progress at Cadogan is becoming more and more dependent on a successful end to the war. I wish all Cadogan employees remain safe. |
I read this article and then started to think about Cadogan's problems with electricity supply.
What's the solution for Cadogan? |
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 |
They are , takes time
From reading the court papers it appears still ongoing , but maybe Cadogan have given up. |
I thought some of the Ukrainian courts were being disbanded due to corruption. |
No Proger update. |
Here is the resolution of the Supreme Court.
First in Ukrainian
Then in English translation
I understand from reading the published resolution in English that the case is still ongoing.
What do you understand from this? |
No Mention of Proger Loan update. |
Very short annual review of operations.
"In the first half of 2022, the production was suspended for 3 weeks in March 2022 and was resumed after securing the employees, the assets, the financial transactions and the sales process.
In the second half of 2022, there have been several production stoppages due to the reduction of crude oil consumption by oil refineries caused mainly by the Russian strikes or by power outage due to similar strikes of the electricity infrastructure.
As a consequence, the net oil production for 2022 was 117,793 bbl and averaged 323 bpd which is 8% below the production of 2021. The Company is currently analyzing several solutions to overcome these constraints for its crude oil production in 2023 |
Fady rarely speaks as well |
Fady is Always on Holiday. |
is Fady still on holiday. |
CADOGAN ENERGY SOLUTIONS LIMITED
Company number 14412421
Company Overview for CADOGAN ENERGY SOLUTIONS LIMITED (14412421)
Filing history for CADOGAN ENERGY SOLUTIONS LIMITED (14412421)
People for CADOGAN ENERGY SOLUTIONS LIMITED (14412421)
More for CADOGAN ENERGY SOLUTIONS LIMITED (14412421)
Registered office address
6th Floor 60 Gracechurch Street, London, United Kingdom, EC3V 0HR
Company status
Active
Company type
Private limited Company
Incorporated on
11 October 2022
Accounts
First accounts made up to 31 October 2023
due by 11 July 2024
Confirmation statement
First statement date 10 October 2023
due by 24 October 2023
Nature of business (SIC)
99999 - Dormant Company
Link:
The same Registered office address of Cadogan Petroleum plc & Cadogan Petroleum Holdings Limited.
I'm monitoring this new company (a new sub-holding?).
ByeBye |
no news on Proger. a mexican standoff. |
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