 ...
'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! |
Imho, it would be better to sign a new investment agreement with Proger.
...
IMPACT INVESTING
Proger Obtains an ESG Linked Loan of 8 Million from Crédit Agricole Italia
Proger operates in the engineering-architectural design sector aimed at the creation of civil and industrial construction works. The company, of which Cadogan Petroleum Holdings bv (38.52%), CEO Marco Lombardi (17.72%) and Umberto Sgambati (17.72%) are beneficial owners, closed 2022 with 69 million euros of revenues, 14.9 million of Ebitda and 31 million of net financial debt, compared to a net equity of 69.9 million.
...
ByeBye |
Proger is in good healthhTTps://born2invest.com/articles/proger-esg-linked-loan-credit-agricole |
Thanks for that information. Nothing has been reported recently to say what the modelling achieved. How long does it take? |
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. |
Interesting. Nice slow decline production from Blazhiv. Do you remember if Cadogan were working on an updated reserves report for Blazhiv? |
I share this.
Updated November 12, 2023
Oil & gas field profile: Blazhivska (Monastyretske) Conventional Oil Field, Ukraine
hxxps://www.offshore-technology.com/marketdata/oil-gas-field-profile-blazhivska-monastyretske-conventional-oil-field-ukraine/?cf-view&cf-closed |
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". |
ДЕП;АРi8;АМ
45;НТ ЕКО;ЛОh3;ІЇ ТА ПРИ;РОh4;НИ
61; РЕС;УРi7;ІВ
ЛЬВ;ІВi7;ЬК
54;Ї ОБЛ;АСi3;ОЇ ДЕР;ЖАh2;НО
31; АДМ;ІНg0;СТ
56;АЦ030;Ї
Нов;инl0;
Ви тут;:Го
83;ов085;а/Повідом;леl5;ня про; нам;ір отр;имk2;ти доз;віl3; на вик;идl0;/По074;ідомлення про; нам;ірl0;
Пов;ідl6;мл
77;нн103; про; нам;ірl0;
8 Січ;ня, 2024/0 Від;гуl2;ів/086;публіковано; в Пов;ідl6;мл
77;нн103; про; нам;ір отр;имk2;ти доз;віl3; на вик;идl0; /опm1;бл 10;ку074;ав Деп;арm0;ам
77;нт еко;лоk5;ії та при;роk6;ни
93; рес;урl9;ів
ТзО;В “ЮС;ЕНi0;О-Н040;ДРА” пов;ідl6;мл 03;є про; нам;ірl0; отр;имk2;ти доз;віl3; на вик;идl0;
DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES
Lviv REGIONAL STATE ADMINISTRATION
News
You are here:Main/Notification of intent to obtain an emission permit/Notice of Intent
Notice of Intent
January 8, 2024/ 0 Reviews / published in Notice of intent to obtain emission permit / published by the Department of Ecology and Natural Resources
"YUSENKO-NADRA" LLC announces its intention to obtain a permit for emissions
Link:
hxxps://deplv.gov.ua/2024/01/08/povidomlennya-pro-namiry-390/ |
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= |
Happy New Year to Cad's Shareholders!
New Year.. New chairman.. but same board management.
ByeBye |
Slowly, something is moving on Blazhiv Oil field.
hxxps://eia.menr.gov.ua/en/case/id-10809
Registration case number
202362110809
Publication date
23 June 2023
Name of Company
LLC "Yusenko Nadra"
Status
Published
Case name:
Arrangement of the Blazhivskoye field
Description of the planned activity:
Arrangement of the Blazhiv field, the construction of a production collection point near the 10-Blazhiv well and the connection of the 3-Blazhiv well to the oil collection point (NPP) of the Blazhiv field are planned.
New documents update on 22 december 2023 |
Merry Christmas , a really good gift that Cad except Progers shares and add value here. |
Thanks for your kind gesture of Christmas greetings and your posts over the year. Have a good time at Christmas yourself. Let's all start next year with the hope that 2024 be a far better year for your country and for the company. Itsriskythat. |
Merry Christmas to Cad's shareholders |
30.10.2023
La sostenibilità di Proger è di Classe A
Un Rating ESGe che colloca l’azienda tra i top performer del proprio settore
30.10.2023
Proger's sustainability is Class A
An ESGe rating that places the company among the top performers in its sector
hxxps://www.proger.it/la-sostenibilita-di-proger-e-di-classe-a/
Sostenibilità. A Proger SpA rilasciato da Cerved Rating Agency il Rating ESG di classe “A”
Paolo Brambilla - 26/10/2023 21:02:02
La Sostenibilità di Proger è di Classe A. Questo rating ESG colloca l’azienda tra i top performer del proprio settore.
Paolo Brambilla - 26/10/2023 9:02:02 PM
Proger's sustainability is class A. This ESG rating places the company among the top performers in its industry.
hxxps://www.lamiafinanza.it/2023/10/sostenibilita-a-proger-spa-rilasciato-da-cerved-rating-agency-il-rating-esg-di-classe-a/
Fady is a genius... |
Determina Dirigenziale prot. n. 0172214 del 25/10/2023 di proposta di conclusione con esito positivo del procedimento di verifica della capacità tecnica ed economica della società Exploenergy Srl
Proposta al DG di conclusione con esito positivo del procedimento di verifica della capacità tecnica ed economica della società Exploenergy Srl
descrizione di tutta l'istruttoria svolta dall'Ufficio con, ivi compresi, elementi di valutazione e analisi dei pareri acquisiti dal CRIET per i requisiti di ordine economico e dalle sezioni UNMIG competenti per terrirorio per i requisiti di capacità tecnica, con proposta di parere finale positivo in merito alla verifica della CTE in capo alla società Exploenergy srl ai fini del rilascio dei permessi di ricerca richiesti
parere del CRIET prot. n. 2916 del 26.01.2023, prot. n. 114311 del 12.07.2023, parere sezione UNMIG competente prot. n. 144776 del 12.09.2023
Decreto direttoriale prot. 175130 del 31.10.2023 di conclusione con esito positivo del procedimento di verifica della capacità tecnica ed economica della società Exploenergy srl
conclusione con esito positivo del procedimento di verifica della capacità tecnica ed economica della società Exploenergy Srl
sulla base della determina dirigenziale 172214 del 25.10.2023, descrizione di tutta l'istruttoria svolta dall'Ufficio competente con, ivi compresi, elementi di valutazione e analisi dei pareri acquisiti dal CRIET per i requisiti di ordine economico e dalle sezioni UNMIG competenti per terrirorio per i requisiti di capacità tecnica, con proposta di parere finale positivo in merito alla verifica della CTE in capo alla società Exploenergy srl ai fini del rilascio dei permessi di ricerca richiesti
determina dirigenziale prot. 172214 del 25.10.2023 e pareri CRIET e UNMIG a questa integrati
Managerial Determination prot. no. 0172214 of 25/10/2023 of proposed successful conclusion of the verification procedure of the technical and economic capacity of the company Exploenergy Srl
Proposal to the DG for the successful conclusion of the procedure to verify the technical and economic capacity of the company Exploenergy Srl
description of all the preliminary investigation carried out by the Office with, therein included, elements of evaluation and analysis of the opinions acquired by CRIET for the economic requirements and by the UNMIG sections competent by terrirory for the technical capacity requirements, with a proposal for a final positive opinion regarding the verification of the CTE in the head of the company Exploenergy srl for the purpose of issuing the requested research permits
opinion of CRIET prot. no. 2916 of 26.01.2023, prot. no. 114311 of 12.07.2023, opinion UNMIG section competent prot. no. 144776 of 12.09.2023
Directorial Decree prot. 175130 of 31/10/2023 of successful conclusion of the procedure for verification of the technical and economic capacity of the company Exploenergy Ltd.
Conclusion with positive outcome of the procedure of verification of the technical and economic capacity of the company Exploenergy Srl
on the basis of the executive determination 172214 of 25.10.2023, description of all the preliminary investigation carried out by the competent Office with, including, elements of evaluation and analysis of the opinions acquired by CRIET for the economic requirements and by the UNMIG sections competent by terrirory for the technical capacity requirements, with proposed final positive opinion regarding the verification of the CTE in the head of the company Exploenergy srl for the purpose of issuing the research permits requested
managerial determination prot. 172214 of 25.10.2023 and opinions CRIET and UNMIG to this integrated
hxxps://www.mase.gov.it/sites/default/files/archivio/allegati/trasparenza_valutazione_merito/IS/2023-11-28_provvedimenti_DGIS_II_sem_2023.ods
;)
ByeBye |
сир;а наф;та ᐈ Ком;меl8;че
89;ки081; тен;деl8; на ...
SmartTender
hxxps://smarttender.biz › komme...
10 nov 2023 — ТОВ; "ЮСh5;НК
54; НАД;РА" (Cadogan Group) має; мож;лиk4;іс
90;ь зді;йсl5;ит
80; реа;ліk9;ац 10;ю наф;ти сир;ої, вид;обm1;то 11; із све;рдl3;ов
80;ни Бла;жіk4;-3 (Льk4;ів
89;ьк072; обл;асm0;ь).
crude oil ᐈ Commercial tender for ...
SmartTender
hxxps://smarttender.biz › komme...
Nov 10, 2023 — YUSENKO NADRA LLC (Cadogan Group) has the opportunity to sell crude oil extracted from the Blazhiv-3 well (Lviv region).
При;ём пре;длl6;же
85;ий по аук;циl6;ну №22041131, Cadogan Group «сиl8;а наф;та» зав;ерm6;ен
Acceptance of proposals for auction No. 22041131, Cadogan Group “Sira Nafta” (Crude Oil) has been completed
hxxps://smarttender.biz/ru/kommercheskie-torgi-prodazhi/32072257/ |
Proger is taking much too long. |
Fady is very quiet on Proger. |
Wouldn't it be better if Proger brought Cadogan in entirety. It'd put us all out of our misery once and for all! Imho |
So it reads to me like Proger now have more than enough free cash to repay their small loan from Cadogan. It would make both parties happy and they can say goodbye to each other. |
Fady.. The "genius", greatest & be(_)st ceo in the world...
A Monkey would be better than this sh(_)t.
Good readings to All
25.10.2023
For Proger, a production value of over 180 million in 2023, with a portfolio of around half a billion euros over the next three years.
Presentation of the company's half-year report, forecasts to 31.12.2023 and business plan 2023-2026
At an event reserved for stakeholders, Proger’s CFO, Roberto Lombardi, presented the company’s results and forecasts for 2023, as well as its business plan for the next three years. For Proger, 2023 will mark the best result in the company’s history, with a projected production value at 31 December of EUR 186 million, +40% compared to 2022, and an EBITDA of EUR 24 million.
The positive results of 2023 can be attributed to the performance of the main business lines of the engineering and management company, which boasts clients such as WeBuild in the infrastructure design sector, Autostrade per l’Italia for safety inspections and maintenance engineering, Eni and Total in the oil and gas sector, and Enel and Terna in the green energy sector.
“In 2023, we have made an important leap forward in terms of production, compared to the average of 100 million developed in recent years,” comments Lombardi. “Our growth model is based on the competence of our resources and the intuitions of our management, which are well supported by the financial system; in fact, to pursue growth of this kind requires strong support both from the banking system and from Proger’s shareholders themselves, who have always reinvested profits in the company because they believe in the persistent development project that Proger has undertaken. With an NFP/PN ratio of 36%, a high level of financial availability and substantial medium-term credit lines provided by the financial system, Proger can explore new markets and generate new business on a solid and secure footing“.
This solidity is confirmed by some of the main indicators highlighted during the presentation: the EBITDA margin (EBITDA/VdP) of 13% shows a good level of remuneration for the activity carried out, particularly in view of the comparative benchmark of around 10%, and the excellent ratio of net financial position (NFP) to EBITDA, at 1.26 (with an average of 3.5 in the sector), summarises the company’s ability to repay bank debt in the short term.
“In addition to the financial data, however, we must not forget that it is essential for us to invest in human capital and training, as this creates value and guarantees the continuity of the growth trend“.
During the presentation, the CFO went on to extend the time horizon of the forecast, illustrating Proger’s business plan up to 2026, which, despite an extremely conservative approach, confirms the current year’s production volumes.
“We have a portfolio of around half a billion euros,” continued the CFO, “but these are values that refer to June 2023 and I can already say that they are on the rise.“
“I cannot deny that our CFO is always very cautious in his forecasts,” interjects CEO Marco Lombardi, “but we are confident that we will not only be able to confirm this year’s VdP, as indicated in the business plan, but that we will be able to go well beyond the €200 million threshold over the next three years. This is because the figures presented do not take into account very concrete scenarios and initiatives in the pipeline that are not yet sufficiently mature to be included in our backlog. One of them, for example, sees us as the technical coordinator of one of the most important infrastructure projects in the world“.
“I remember that in 2014, during a company convention, we announced the goal of becoming number 1 in Italy and reaching 200 M€ of turnover by 2025,” concludes President Umberto Sgambati. “To many it seemed far too ambitious, but today we can say that we are succeeding even ahead of schedule.”
Link:
hxxps://www.proger.it/en/per-proger-valore-produzione-oltre-i-180-milioni-nel-2023/
ByeBye |
Fady.. The be(_)st.
Here you can find and read Cadogan Petroleum Holding Ltd (sub-holding direct subsidiary of Cadogan Energy Solutions) Annual Report and Financial Statements 2022...
Wonderful.
A brief summary:
Impairment of investment in subsidiaries for 1,531 $Ml;
Cadogan group sold Astro-Gas LLC (Ukrainian entity) at the beginning of 2023 -> ref. page 26;
Cash at bank 7,729 $Ml (2021: 7,259 $Ml);
No news or update about Proger Loan;
No news/idea about new businnes...;
Year after Year..
Fady.. The be(_)st ceo in the world. |
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