Cadogan Energy Solutions Share Discussion Threads

[thordon] 07/12/2020 22:04

Anyway bought Cadogan ( CAD ) Shares , would not normal buy a low company value at £6.7 million but they have $11 Million in cash ; loaned out $13 million with options in a company for 33% of company shares in Proger Ingegneria or a 5% compounded interest return.
Gas prices rising so should turn profit in 2nd half and not sold gas in first half ( Stored including oil )
Question why the undervaluation , the Proger Ingegneria options if used is worth $20 million estimated by a broker.

[brumbrum79] 05/12/2020 23:02

Last but not least... one year of the new management...

* bad governance;
* no informations/news to the Stakeholders;
* no trasparency or lack of trasparency towards the Stakeholders;
* no new business;
* no new project(s);
* no new idea(s);
* no diversification;
* minimal investments in the Blazhiv Oil Field -> a new crude oil storage;
* no investments to increase Oil production;
* no implementation of electric energy project (NG energy generation -> 400/800Kwh) using associated gas(es) produced in the Blazhiv Oil Field;
first, every day associated gas are flaring -> the gas flare produces CO2 -> CO2/Carbon Credits are a cost for the company -> no revenues from sales of electric energy to the ukrainian grid but only costs for Cadogan;
second, every day the field operator buys electric energy (and heat) from third parties -> only costs for Cadogan;

* "fabulous" share price performance from November 2019 to now (-50%).. I'd like to remember Meeus'/shareholders requisition letter...
It's unbelievable(!), really a "Greatest"(!) performance;

It's enough..

ByeBye
BrumBrum

[brumbrum79] 05/12/2020 22:25

some news/updates:

* Astrogas LLC - Pirkivska License:


Спр;авk2; № 640/12569/19 суд;овk2; пов;ісm0;ка про; вик;лиl2; у суд;овk7; зас;ідk2;нн03; на 19 січ;ня 2021 рок;у



02 гру;днn3; 2020 рок;у

Спр;авk2; № 640/12569/19



ПОВ;ІСi8;КА-
055;ОВІДОМЛЕННЯ;*



3-я осо;ба :

Ком;паl5;ія "Ой лен;д Гез; Еве;рсo0;з Тре;йдo0;нг Бі.h2;і"

Стр;авo0;нс 82;іл
072;ан 1531, веж;а Б, 15по 74;-х, Сек;ціn3; Тв-15-046,

Амс;теl8;да 84;, Нід;ерl3;ан 76;и



Шос;тиl1; апе;ляm4;ій 85;ий адм;інo0;ст 88;ат
080;вний суд; пов;ідl6;мл03;є Вас; про; роз;глn3;д апе;ляm4;ій 85;их ска;рг Тов;арl0;ст 74;а з обм;ежk7;но02; від;поk4;ід 72;ль
085;істю "Асm0;ро 75;аз", Тов;арl0;ст 74;а з обм;ежk7;но02; від;поk4;ід 72;ль
085;істю "Наm2;то 75;аз
077;ксплуатація;" на ріш;енl5;я Окр;ужl5;ог 86; адм;інo0;ст 88;ат
080;вного суд;у міс;та Киє;ва від; 06 жов;тнn3; 2020 р. у спр;авo0; за адм;інo0;ст 88;ат
080;вним поз;овl6;м Тов;арl0;ст 74;а з обм;ежk7;но02; від;поk4;ід 72;ль
085;істю "Асm0;ро 75;аз" до Дер;жаk4;но11; слу;жбl0; гео;лоk5;ії та над;р Укр;аїl5;и, тре;ті осо;би: Тов;арl0;ст 74;о з обм;ежk7;но02; від;поk4;ід 72;ль
085;істю "Наm2;то 75;аз
077;ксплуатація;", Ком;паl5;ія "Ой лен;д Гез; Еве;рсo0;з Тре;йдo0;нг Бі.h2;і" про; виз;наl5;ня без;діn3;ль 85;ос
090;і про;тиl7;ра 74;но
102; та зоб;ов'03;за
085;ня вчи;ниm0;и дії;, яки;й від;буk6;ет00;ся о 10:10 "19" січ;ня 2021 р. за адр;есl6;ю: вул;. Мос;коk4;сь 82;а, 8, кор;п. 30, м. Киї;в, 01010 (гоl3;ов 91;юч
080;й суд;дя - Пил;ипk7;нк 86; Оле;на Євг;енo0;їв 85;а, зал; суд;овl6;го зас;ідk2;нн03; № 1).

У від;поk4;ід 85;ос
090;і до ч. 2 ст. 313 КАС; Укр;аїl5;и нея;вкk2; сто;ріl5; або; інш;их уча;снl0;кі 74; спр;авl0;, нал;ежl5;им чин;ом пов;ідl6;мл 77;ни
093; про; дат;у, час; і міс;це роз;глn3;ду спр;авl0;, не пер;ешl2;од 78;ає роз;глn3;ду спр;авl0;.

Сек;реm0;ар суд;овl6;го зас;ідk2;нн03; ________________ Вас;илk7;нк 86; Юлі;я Анд;ріo1;вн 72;

* від;поk4;ід 85;о до п. 6 ч. 2 ст. 125 КАС;У, осо;ба, яка; оде;ржk2;ла пов;ісm0;ку у зв’;язl2;у з від;суm0;ні 89;тю адр;есk2;та, зоб;ов̵7;яз 72;на нег;айl5;о пов;ідl6;ми 90;и про; неї; адр;есk2;та

Links:

hxxps://6aa.court.gov.ua/sud4855/pres-centr/news/1032894/

hxxps://6aas.gov.ua/ua/dopinfo/sudovi-povistky/4286-sprava-640-12569-19-sudova-povistka-pro-viklik-u-sudove-zasidannya-na-19-sichnya-2021-roku.html

English version:


Case № 640/12569/19 summons to court on 19 January 2021



December 2, 2020

Case № 640/12569/19



MESSAGE-MESSAGE *



3rd person:

Oy Land Gez Eversis Trading BV

Stravinskylaan 1531, Tower B, 15 floors, Section TV-15-046,

Amsterdam, The Netherlands



The Sixth Administrative Court of Appeal informs you about the consideration of the appeals of the Limited Liability Company "Astrogaz", the Limited Liability Company "Naftogazkspluatatsiya" against the decision of the District Administrative Court of Kyiv dated October 6, 2020 in the case of the administrative liability of the Limited Liability Company "Astroga" to the State Service of Geology and Subsoil of Ukraine, third parties: Limited Liability Company "Naftogazsekspluatatsiya", Company "Oy Land Gez Eversis Trading BV" on the recognition of inaction illegal and the obligation to take action, which will take place at 10:10 "19" January 2021 at the address: st. Moscow, 8, building. 30, Kyiv, 01010 (presiding judge - Pylypenko Olena Yevheniivna,courtroom № 1).

In accordance with Part 2 of Art. 313 CAS of Ukraine non-appearance of the parties or other participants in the case, duly notified of the date, time and place of the case, does not preclude consideration of the case.

Secretary of the court hearing __________________ Vasylenko Yuliya Andriivna

* in accordance with paragraph 6 of Part 2 of Art. 125 CASU, the person who received the summons in connection with the absence of the addressee, must immediately notify the addressee

...
Now We know it, some news/update after 19 January 2021.
...

[russman] 13/11/2020 21:02

Proger appears to be fully discounted in the share price / NAV.

[waveneygnome] 13/11/2020 11:53

Add to that most of the shares are held by a few 'related parties', whom are perfectly content for the company to tick over/not do much.....there is no drive from them to grow the company.

[diesel] 13/11/2020 09:46

DSCT...good luck with the research, trying to make sense of this companies activities won’t be easy. I invested a small amount here some years ago as they had quite a cash pile, a couple of years ago they made what appears to be a loan to an Italian industrial company called Proger, on what appears to be good terms. However it’s main business is oil exploration and production in the Ukraine, not an easy place to operate from a legislative viewpoint. There was a management coup by one of the large investors but that didn’t bring any more clarity.
Just some of the background, all a bit murky really.

[dsct] 12/11/2020 20:01

Hello Gents and Ladies,

CAD has appeared on one of my simple searches/filters, and whilst I'm DMOR (Doing My Own Research), I thought I'd be cheeky and ask for any overview or information anyone can give, for me to include in my research.

Market Cap £7.5m
Enterprise value -£14m (This I need to confirm)
P/TBV 0.18

I will :
be going back over the past post on here (but not all 19,000+)
look back on RNSs
go through Annual Report(s)

Just to add, I have no knowledge of this sector, so laymans terms would be appreciated ! lol

Thank you, in advance.

[targatarga] 04/11/2020 08:03

Hi BrumBrum - I wonder what the company thinks about this!

[brumbrum79] 03/11/2020 21:27

Спр;осm0;ув 72;нн
103; інф;орl4;ац10;ї щод;о ком;паl5;ії ТОВ; «Асm0;ро 75;аз»

Спр;осm0;ув 72;нн
103; інф;орl4;ац10;ї щод;о ком;паl5;ії ТОВ; «Асm0;ро 75;аз»

У вип;усl2;у тиж;неk4;ик 72; Weekly ExPro Gas&Oil (#43) 300 на сто;ріl5;ці 9 бул;о опу;блo0;ко 74;ан
086; нов;инm1; «Суk6; зоб;ов̵7;яз 72;в Дер;жгk7;он 72;др
072; роз;глn3;ну 90;и зая;ву «Асm0;ро 75;аз» на отр;имk2;нн03; спе;цдl6;зв 86;лу на Пір;кіk4;сь 82;е род;овl0;ще». В ост;анl5;ьо 84;у абз;ацo0; нов;инl0; бул;о опу;блo0;ко 74;ан
086; нас;туl7;ну інф;орl4;ац10;ю: «Прl6;те в 2019р бри;таl5;ці про;даl3;и «Асm0;ро 75;аз» біз;неl9;ме 85;у Мик;олo0; Зло;чеk4;сь 82;ом
091;, вла;снl0;ку Burisma Group».

Ред;акm4;ія ExPro спр;осm0;ов 91;є дан;у інф;орl4;ац10;ю та пов;ідl6;мл03;є, що Cadogan Petroleum в 2019р не зді;йсl5;юв 72;ла про;даk8;у кор;поl8;ат 80;вн
080;х пра;в ТОВ; «Асm0;ра 75;аз». Ста;ноl4; на сьо;гоk6;ні уча;снl0;ка 84;и ТОВ; «Асm0;ро 75;аз» є ком;паl5;ії Кад;огk2;н Пір;кіk4;сь 82;е Б.В. та ТОВ; «Каk6;ог 72;н Укр;аїl5;а», мат;ерl0;нс00;ко
102; ком;паl5;іє02; яки;х є ком;паl5;ія Cadogan Petroleum.

Раз;мо з тим; пов;ідl6;мл03;єм
086;, що в кін;ці 2019р, ком;паl5;ія БРО;СІi8;І ІНВ;ЕСi8;МЕ 53;ТС ЛІМ;ІТh5;Д (Кіl7;р), яка; нал;ежl0;ть біз;неl9;ме 85;у Мик;олo0; Зло;чеk4;сь 82;ом
091; (влk2;сн 80;ку Burisma Group), при;дбk2;ла у Cadogan Petroleum інш;у доч;ірl5;ю ком;паl5;ію - ТОВ; «Асm0;ро10;нв
077;ст-Україн;а».
18:00 / 30 жов;тнn3;, 2020

Link:
hxxps://expro.com.ua/novini/sprostuvannya-nformac-schodo-kompan-tov-astrogaz

Rebuttal of information about Astrogaz LLC

The issue of the weekly Weekly ExPro Gas & Oil (# 43) 300 on page 9 published the news "The court ordered Gosgeonadra to consider Astrogaz's application for a special permit for the Pirkivskoye field." The last paragraph of the news published the following information: "However, in 2019, the British sold" Astrogas "to businessman Nikolai Zlochevsky, owner of Burisma Group."

ExPro denies this information and reports that Cadogan Petroleum in 2019 did not sell the corporate rights of Astragaz LLC. As of today, the participants of Astrogaz LLC are the companies Kadogan Pirkivske BV and Cadogan Ukraine LLC, whose parent company is Cadogan Petroleum.

However, at the end of 2019, BROCITY INVESTMENTS LIMITED (Cyprus), owned by businessman Mykola Zlochevsky (owner of Burisma Group), acquired another subsidiary from Cadogan Petroleum - Astroinvest-Ukraine.
18:00 / October 30, 2020

[brumbrum79] 20/10/2020 12:56

Last but nor least, the Ukrainian natural gas market is performing well.
The NG price is going up (in line with NG price of european gas hub), imho Cadogan Petroleum NG trading activity could recover - partially or totally - the impairment about stocked Natural Gas acquired during 2019.

Informations/news about Ukrainian natural gas market can be found here:
hxxps://www.ueex.com.ua/eng/exchange-quotations/

ByeBye

BrumBrum

[brumbrum79] 20/10/2020 12:42

Imho, it's better for small shareholders/minorities doesn't sell their Cadogan's shares now.

The lack of transparency and news/informations of Management board about Cadogan's activities/subsidiaries is in line with "their target".

ByeBye
BrumBrum

[targatarga] 20/10/2020 09:00

Wonder if Fady will buy that 200k sell?

[russman] 15/10/2020 08:20

the mcap is small

[brumbrum79] 14/10/2020 21:48

I'd like to remember and share these informations:

Pirki(o)vska license (Cadogan Petroleum's Working Interest 100% - 88 km2 - Natural Gas & Condensate) -> Reserves & Resources (indicated in the Cadogan Petroleum Presentation May 2017):
2P 0,03 MMBOe; 3P 12,7 MMBOe; 2C 6,2 MMBOe;
Prospective Resource Best Estimate 5,0 MMBOe;

It's not bad...

ByeBye
BrumBrum

[targatarga] 14/10/2020 08:32

Interesting that Fady was buying after the ruling. I suppose Cadogan might make an announcement to the market.

[brumbrum79] 14/10/2020 08:14

TargaTarga, imho these are 2 (very) Good news for Cadogan and its Shareholders.

ByeBye
BrumBrum

[russman] 14/10/2020 08:13

Signs of life.

[targatarga] 14/10/2020 06:37

Brumbrum - thats lovely.

[brumbrum79] 13/10/2020 22:54

Please read this! Big News! It's most important!
ASTROGAS LLC (Cadogan's Subsidiary) against State Service of Geology and Subsoil of Ukraine (Geonadra) for Pirkviska License.


Decision № 92072443, 06.10.2020, Circuit Administrative Court of Kyiv City
Approval Date
06.10.2020
Case No.
640/12569/19
Document №
92072443
Form of legal proceedings
Administrative
Companies listed in the text of the court document

1) TOVARYSTVO Z OBMEZHENOIU VIDPOVIDALNISTIU "ASTROHAZ"
2) DERZHAVNA SLUZHBA HEOLOHIYI TA NADR UKRAYINY
3) OIL AND GAS EXPLOITATION LIMITED LIABILITY COMPANY

DISTRICT ADMINISTRATIVE COURT OF KYIV 01051, Kyiv, vul. Bolbochana Petra 8, building 1 RESOLUTION

IN THE NAME OF UKRAINE

October 6, 2020, Kyiv № 640/12569/19

The District Administrative Court of the city of Kyiv, composed of the presiding judge Skochok TO, having considered in the order of simplified claim proceedings without notifying the parties to the case (in written proceedings) administrative case

on the claim of Limited Liability Company "Astrogas" to a third party State Service of Geology and Subsoil of Ukraine Limited Liability Company "Oil and Gas Exploitation" (third party-1) recognition of illegal inaction, obligation to take action, ESTABLISHED:

The Astrogaz Limited Liability Company filed a lawsuit with the District Administrative Court of Kyiv with a claim to the State Service of Geology and Subsoil of Ukraine, requesting:

- to recognize illegal the actions of the State Service of Geology and Subsoil of Ukraine to return the application of the Limited Liability Company "Astrogas" dated 09.10.2018 №30 to obtain a special permit for subsoil use;

- to recognize illegal inaction of the State Service of Geology and Subsoil of Ukraine on non-adoption of a decision (order) on the application of the Limited Liability Company "Astrogaz" dated 09.10.2018 №30 to obtain a special permit for subsoil use;

- to oblige the State Service of Geology and Subsoil of Ukraine to consider the application of the Limited Liability Company "Astrogaz" dated 09.10.2018 №30 to obtain a special permit for subsoil use in essence with the adoption of the relevant decision (order);

- to oblige the State Service of Geology and Subsoil of Ukraine based on the results of consideration of the application of the Limited Liability Company "Astrogaz" dated 09.10.2018 №30 to grant the Limited Liability Company "Astrogaz" a special permit for subsoil use of Pirkiv oil and gas condensate field, for geological study including experimental and industrial development of fields, with the subsequent extraction of oil, gas (industrial development of fields).

In substantiation of the stated claims it is stated that according to the results of the statement submitted by Astrogaz LLC dated 09.10.2018 №30 Gosgeonadra did not make a decision, and the letter dated 16.01.2019 №822 / 03 / 12-19 is not such a decision because as emphasized by the representative of the plaintiff, the decision on the results of consideration of applications, similar to that submitted by LLC "Astrogaz", is issued in the form of an order, which the defendant did not do, given that the grounds on which the application LLC "Astrogaz" №30 returned, not provided by the provisions of the Procedure for granting special permits for subsoil use, approved by the Resolution of the Cabinet of Ministers of Ukraine from 30.05.2011 №615, and the grounds referred to by the defendant do not correspond to the actual circumstances of the case. №12 to eliminate the violation). In addition, the representative of the plaintiff emphasized that the address of Gosgeonadr was sent a notice dated 10.06.2019 on the application of the principle of "tacit consent" and the start of work on the Pirkivskoye field.

The decision of the District Administrative Court of Kyiv opened proceedings in the simplified claim procedure without notifying the participants in the case (in written proceedings), set a deadline for the parties to provide a response, response to the response and objection.

....

Guided by Art. 12, 77, 139, 246, 257-262 of the Code of Administrative Procedure of Ukraine, court

RESOLVED:

Claims of the Limited Liability Company "Astrogaz" to the State Service of Geology and Subsoil of Ukraine with the participation of third parties who do not declare independent claims on the subject of the dispute, on the part of the defendant Limited Liability Company "Naftogazekspluatatsiya" (USREOU code 42972854, address: 01032, m Kyiv, 57 Lva Tolstoho Street) and Oil & Gas overseas trading BV, Oil & Gas overseas trading BV, registration number of the Dutch Chamber of Commerce 59601841, address: Amsterdam, Amsterdam, Stravinskylaan 1531, Tower B, 15 floor, TV-15-046 / 089 section) satisfy in part.

Recognize illegal inaction of the State Service of Geology and Subsoil of Ukraine on non-adoption of a decision (order) on the application of the Limited Liability Company "Astrogaz" from 09.10.2018 №30 to obtain a special permit for subsoil use.

To oblige the State Service of Geology and Subsoil of Ukraine to consider the application of the Limited Liability Company "Astrogaz" dated 09.10.2018 №30 for obtaining a special permit for subsoil use in essence with the adoption of a decision (order).


In the other part of the claims to refuse.

To award the incurred by the Limited Liability Company "Astrogaz" (USREOU code 35193263, address: 38100, Poltava region, Zinkiv district, Zinkiv, Pogribnyaka Street, 5A, apt. 2) documented court costs in the amount of 3 842, 00 грн;. (three thousand eight hundred and forty-two hryvnias 00 kopecks) at the expense of budget allocations of the State Service of Geology and Subsoil of Ukraine (USREOU code 37536031, address: 03680, Kyiv, 16 Anton Tsedik Street).

The decision enters into force in the manner prescribed by Article 255 of the Code of Administrative Procedure of Ukraine.

The decision can be appealed to the court of appeal instance according to the rules established by Articles 295-297 of the Code of Administrative Procedure of Ukraine.

Judge T.O. Jump

Link Decision № 92072443, 06.10.2020, Circuit Administrative Court of Kyiv City (Ukrainian Language):
hxxps://youcontrol.com.ua/en/catalog/court-document/92072443/

It's in Ukrainian language, please translate with google or others

[brumbrum79] 13/10/2020 22:17

Cadogan Petroleum Annual Financial Report 2019
pp. 8 - 78

Other events

After an inspection conducted by Ukraine’s tax authorities in September 2019, Astroinvest Energy LLC was notified of a tax claim related to the historic costs
for the liquidation of wells on the Zagoryanska license.
The tax authorities notified Astroinvest Energy LLC that they consider recoverable VAT that has subsequently been used to offset output VAT to be non-deductible
and additionally that the subsidiary’s tax losses carry forward should be reduced (note 28).
Astroinvest Energy LLC has launched a claim against the tax authority’s decision
on the basis of the current tax legislation and related court decisions.

28. Commitments and contingencies

After an inspection conducted by Ukraine’s tax authorities in September 2019, Astroinvest Energy LLC was notified of a tax claim related to the historic costs for the liquidation of wells on the Zagoryanska license.
The tax authorities notified Astroinvest Energy LLC that they consider recoverable VAT ($3.6 million) that has subsequently been used to offset output VAT to be non-deductible and additionally that the subsidiary’s tax losses carry forward should be
reduced by $19 million (Note 28).
Astroinvest Energy LLC has launched a claim against the tax authority’s decision on
the basis of the current tax legislation and related court decisions and considers the potential for a liability to be less than probable.
If unsuccessful Astroinvest Energy LLC would off-set the amount of notified tax losses with part of the historical accumulated tax losses. The disputed amount of VAT would be partially covered with recoverable VAT not recognized as of 31 December 2019 (note 20) such that the eventual impact would be $1.2 million.

[brumbrum79] 13/10/2020 21:45

Decision № 91411082, 09.09.2020, Poltava Circuit Administrative Court
Approval Date
09.09.2020
Case No.
440/364/20
Document №
91411082
Form of legal proceedings
Administrative


ПОЛ;ТАh2;СЬ 50;ИЙ ОКР;УЖi3;ИЙ АДМ;ІНg0;СТ 56;АТ
048;ВНИЙ СУД;

РІШ;ЕНi3;Я

ІМЕ;НЕi2; УКР;АЇi3;И

(скl6;ро 95;ен
077;)

09 вер;есl5;я 2020 рок;у м. Пол;таk4;аС 87;ра
074;а № 440/364/20П
086;лтавський окр;ужl5;ий адм;інo0;ст 88;ат
080;вний суд; у скл;адo0;:

гол;овm1;юч 86;го суд;ді - Чес;ноl2;ов 86;ї А.О.,

за уча;стn2;:

сек;реm0;ар03; суд;овl6;го зас;ідk2;нн03; - Без;егl0; А.А.

пре;дсm0;ав 85;ик
072; поз;ивk2;ча - Кон;дрk2;те 85;ко Т.М.

пре;дсm0;ав 85;ик
072; від;поk4;ід 72;ча - Про;коl7;чу 82;а О.О.

роз;глn3;ну 74;ши у від;крl0;то 84;у суд;овl6;му зас;ідk2;нн10; за пра;виl3;ам 80; заг;алn0;но 75;о поз;овl5;ог 86; про;ваk6;же 85;ня спр;авm1; за адм;інo0;ст 88;ат
080;вним поз;овl6;м Тов;арl0;ст 74;а з обм;ежk7;но02; від;поk4;ід 72;ль
085;істю "Асm0;ро10;нв
077;ст-Енердж;і" до Гол;овl5;ог 86; упр;авl3;ін 85;я ДПС; у Пол;таk4;сь 82;ій обл;асm0;і про; виз;наl5;ня про;тиl7;ра 74;ни
084;и та ска;суk4;ан 85;я под;атl2;ов 80;х пов;ідl6;мл 77;нь-рішень.

Кер;уюm5;ис00; ста;ттn3;ми 241-245 Код;екl9;у адм;інo0;ст 88;ат
080;вного суд;очl0;нс 90;ва Укр;аїl5;и,

В И Р І Ш И В:

Адм;інo0;ст 88;ат
080;вний поз;ов Тов;арl0;ст 74;а з обм;ежk7;но02; від;поk4;ід 72;ль
085;істю "Асm0;ро10;нв
077;ст-Енердж;і" (вуl3;. Пог;ріk3;ня 82;а, 5а, к. 2, м. Зін;ькo0;в, Пол;таk4;сь 82;а обл;асm0;ь, 38100, ЄДР;ПОi9; 35193237) до Гол;овl5;ог 86; упр;авl3;ін 85;я ДПС; у Пол;таk4;сь 82;ій обл;асm0;і (вуl3;. Євр;опk7;йс00;ка, 4, м. Пол;таk4;а, Пол;таk4;сь 82;а обл;асm0;ь, 36014, ЄДР;ПОi9; 43142831) про; виз;наl5;ня про;тиl7;ра 74;ни
084;и та ска;суk4;ан 85;я под;атl2;ов 80;х пов;ідl6;мл 77;нь-рішень зад;овl6;ль 85;ит
080; пов;ніl9;тю.

Виз;наm0;и про;тиl7;ра 74;ни
084; та ска;суk4;ат 80; под;атl2;ов 77; пов;ідl6;мл 77;нн
103;-рішення № 000228501 від; 21 жов;тнn3; 2019 рок;у.

Виз;наm0;и про;тиl7;ра 74;ни
084; та ска;суk4;ат 80; под;атl2;ов 77; пов;ідl6;мл 77;нн
103;-рішення № 000227501 від; 21 жов;тнn3; 2019 рок;у.

Виз;наm0;и про;тиl7;ра 74;ни
084; та ска;суk4;ат 80; под;атl2;ов 77; пов;ідl6;мл 77;нн
103;-рішення № 000229501 від; 21 жов;тнn3; 2019 рок;у.

Виз;наm0;и про;тиl7;ра 74;ни
084; та ска;суk4;ат 80; под;атl2;ов 77; пов;ідl6;мл 77;нн
103;-рішення № 000230501 від; 21 жов;тнn3; 2019 рок;у в час;тиl5;і сум;и зав;ищk7;нн03; від;`єм 85;ог
086; зна;чеl5;ня об`n8;кт 72; опо;даm0;ку 74;ан
085;я под;атl2;ом на при;буm0;ок в роз;міl8;і 432 543 845 грн;.

Стя;гнm1;ти за рах;унl6;к бюд;жеm0;ни 93; аси;гнm1;ва 85;ь Гол;овl5;ог 86; упр;авl3;ін 85;я ДПС; у Пол;таk4;сь 82;ій обл;асm0;і (вуl3;. Євр;опk7;йс00;ка, 4, м. Пол;таk4;а, Пол;таk4;сь 82;а обл;асm0;ь, 36014, ЄДР;ПОi9; 43142831) на кор;исm0;ь Тов;арl0;ст 74;а з обм;ежk7;но02; від;поk4;ід 72;ль
085;істю "Асm0;ро10;нв
077;ст-Енердж;і" (вуl3;. Пог;ріk3;ня 82;а, 5а, к. 2, м. Зін;ькo0;в, Пол;таk4;сь 82;а обл;асm0;ь, 38100, ЄДР;ПОi9; 35193237) вит;раm0;и зі спл;атl0; суд;овl6;го збо;ру у роз;міl8;і 21020 (двk2;дц03;ть одн;а тис;ячk2; два;дцn3;ть) гри;веl5;ь 00 коп;ійl6;к.

Ріш;енl5;я наб;ирk2;є зак;онl5;ої сил;и піс;ля зак;інm5;ен 85;я стр;окm1; под;анl5;я апе;ляm4;ій 85;ої ска;ргl0; всі;ма уча;снl0;ка 84;и спр;авl0;, якщ;о так;у ска;ргm1; не бул;о под;анl6;. У раз;і под;анl5;я апе;ляm4;ій 85;ої ска;ргl0; ріш;енl5;я, якщ;о йог;о не ска;соk4;ан 86;, наб;ирk2;є зак;онl5;ої сил;и піс;ля пов;ерl5;ен 85;я апе;ляm4;ій 85;ої ска;ргl0;, від;моk4;и у від;крl0;тт10; чи зак;риm0;тя апе;ляm4;ій 85;ог
086; про;ваk6;же 85;ня або; при;йнn3;тт03; пос;таl5;ов 80; суд;ом апе;ляm4;ій 85;ої інс;таl5;ці11; за нас;ліk6;ка 84;и апе;ляm4;ій 85;ог
086; пер;егl3;яд 91;.

Ріш;енl5;я мож;е бут;и оск;арk8;ен 77; до Дру;гоk5;о апе;ляm4;ій 85;ог
086; адм;інo0;ст 88;ат
080;вного суд;у з ура;хуk4;ан 85;ям осо;блl0;во 89;те
081; под;анl5;я апе;ляm4;ій 85;их ска;рг, вст;анl6;вл 77;ни
093; пун;ктl6;м 15.5 час;тиl5;и 1 Пер;ехo0;дн 80;х пол;ожk7;нь Код;екl9;у адм;інo0;ст 88;ат
080;вного суд;очl0;нс 90;ва Укр;аїl5;и в ред;акm4;ії від; 03.10.2017 рок;у.

Апе;ляm4;ій 85;а ска;ргk2; на дан;е ріш;енl5;я мож;е бут;и под;анk2; про;тяk5;ом три;дцn3;ти дні;в з дня; скл;адk7;нн03; пов;ноk5;о суд;овl6;го ріш;енl5;я.

Пов;не ріш;енl5;я буд;е скл;адk7;но про;тяk5;ом дес;ятl0; дні;в з дня; зак;інm5;ен 85;я роз;глn3;ду спр;авl0;.

Гол;овm1;юч 80;й суд;дя А.О. Чес;ноl2;ов 72;

English Version:

POLTAVA DISTRICT ADMINISTRATIVE COURT

DECISION

IN THE NAME OF UKRAINE

(reduction)

September 09, 2020 Poltava Case № 440/364/20 Poltava District Administrative Court composed of:

presiding judge - Chesnokova AO,

with:

Secretary of the court session - Bezegi AA

representative of the plaintiff - Kondratenko TM

representative of the defendant - Prokopchuk OO

having considered in open court under the rules of general claim proceedings the case on the administrative claim of the Limited Liability Company "Astroinvest-Energy" to the Main Department of the State Tax Service in Poltava region on the recognition of illegal and cancellation of tax notices-decisions.

Pursuant to Articles 241-245 of the Code of Administrative Procedure of Ukraine,


RESOLVED:

Administrative claim of Astroinvest-Energy Limited Liability Company (5a Pohribnyaka St., room 2, Zinkiv, Poltava region, 38100, USREOU 35193237) to the Main Department of the State Tax Service in Poltava region (4 European Street, m. Poltava, Poltava region, 36014, USREOU 43142831) on the recognition of illegal and cancellation of tax notices-decisions to satisfy in full.

Declare illegal and cancel the tax notice-decision № 000228501 dated October 21, 2019.

Declare illegal and cancel the tax notice-decision № 000227501 dated October 21, 2019.

Declare illegal and cancel the tax notice-decision № 000229501 dated October 21, 2019.

Declare illegal and cancel the tax notice-decision № 000230501 dated October 21, 2019 in terms of the amount of overstatement of the negative value of the object of income tax in the amount of 432 543 845 UAH.


To collect at the expense of budgetary allocations of the Main Department of the State Tax Service in Poltava region (4 Evropeyska Street, Poltava, Poltava region, 36014, USREOU 43142831) in favor of Astroinvest-Energy Limited Liability Company (5a Pohribnyaka Street, k. 2, Zinkiv, Poltava region, 38100, USREOU 35193237) costs of court fees in the amount of 21020 (twenty one thousand twenty) hryvnias 00 kopecks.

The decision takes legal effect after the expiration of the term for filing an appeal by all parties to the case, if such a complaint has not been filed. In the case of an appeal, the decision, if it is not revoked, takes effect after the return of the appeal, refusal to open or close the appeal proceedings or the decision of the appellate court as a result of the appellate review.

The decision may be appealed to the Second Administrative Court of Appeal, taking into account the peculiarities of filing appeals established by paragraph 15.5 of Part 1 of the Transitional Provisions of the Code of Administrative Procedure of Ukraine in the wording of 03.10.2017.

An appeal against this decision may be filed within thirty days from the date of the full court decision.

The full decision will be made within ten days from the end of the case.

Presiding Judge A.O. Чес;ноl2;ов 72;

Link Court Decision (Ukrainian Language):
hxxps://youcontrol.com.ua/en/catalog/court-document/91411082/

[brumbrum79] 13/10/2020 21:43

AstroInvest-Energy LLC (Cadogan Petroleum's subsidiary)

ПОЛ;ТАh2;СЬ 50;ИЙ ОКР;УЖi3;ИЙ АДМ;ІНg0;СТ 56;АТ
048;ВНИЙ СУД;

РІШ;ЕНi3;Я

ІМЕ;НЕi2; УКР;АЇi3;И

(скl6;ро 95;ен
077;)

09 вер;есl5;я 2020 рок;у м. Пол;таk4;аС 87;ра
074;а № 440/364/20П
086;лтавський окр;ужl5;ий адм;інo0;ст 88;ат
080;вний суд; у скл;адo0;:

гол;овm1;юч 86;го суд;ді - Чес;ноl2;ов 86;ї А.О.,

за уча;стn2;:

сек;реm0;ар03; суд;овl6;го зас;ідk2;нн03; - Без;егl0; А.А.

пре;дсm0;ав 85;ик
072; поз;ивk2;ча - Кон;дрk2;те 85;ко Т.М.

пре;дсm0;ав 85;ик
072; від;поk4;ід 72;ча - Про;коl7;чу 82;а О.О.

роз;глn3;ну 74;ши у від;крl0;то 84;у суд;овl6;му зас;ідk2;нн10; за пра;виl3;ам 80; заг;алn0;но 75;о поз;овl5;ог 86; про;ваk6;же 85;ня спр;авm1; за адм;інo0;ст 88;ат
080;вним поз;овl6;м Тов;арl0;ст 74;а з обм;ежk7;но02; від;поk4;ід 72;ль
085;істю "Асm0;ро10;нв
077;ст-Енердж;і" до Гол;овl5;ог 86; упр;авl3;ін 85;я ДПС; у Пол;таk4;сь 82;ій обл;асm0;і про; виз;наl5;ня про;тиl7;ра 74;ни
084;и та ска;суk4;ан 85;я под;атl2;ов 80;х пов;ідl6;мл 77;нь-рішень.

Кер;уюm5;ис00; ста;ттn3;ми 241-245 Код;екl9;у адм;інo0;ст 88;ат
080;вного суд;очl0;нс 90;ва Укр;аїl5;и,

В И Р І Ш И В:

Адм;інo0;ст 88;ат
080;вний поз;ов Тов;арl0;ст 74;а з обм;ежk7;но02; від;поk4;ід 72;ль
085;істю "Асm0;ро10;нв
077;ст-Енердж;і" (вуl3;. Пог;ріk3;ня 82;а, 5а, к. 2, м. Зін;ькo0;в, Пол;таk4;сь 82;а обл;асm0;ь, 38100, ЄДР;ПОi9; 35193237) до Гол;овl5;ог 86; упр;авl3;ін 85;я ДПС; у Пол;таk4;сь 82;ій обл;асm0;і (вуl3;. Євр;опk7;йс00;ка, 4, м. Пол;таk4;а, Пол;таk4;сь 82;а обл;асm0;ь, 36014, ЄДР;ПОi9; 43142831) про; виз;наl5;ня про;тиl7;ра 74;ни
084;и та ска;суk4;ан 85;я под;атl2;ов 80;х пов;ідl6;мл 77;нь-рішень зад;овl6;ль 85;ит
080; пов;ніl9;тю.

Виз;наm0;и про;тиl7;ра 74;ни
084; та ска;суk4;ат 80; под;атl2;ов 77; пов;ідl6;мл 77;нн
103;-рішення № 000228501 від; 21 жов;тнn3; 2019 рок;у.

Виз;наm0;и про;тиl7;ра 74;ни
084; та ска;суk4;ат 80; под;атl2;ов 77; пов;ідl6;мл 77;нн
103;-рішення № 000227501 від; 21 жов;тнn3; 2019 рок;у.

Виз;наm0;и про;тиl7;ра 74;ни
084; та ска;суk4;ат 80; под;атl2;ов 77; пов;ідl6;мл 77;нн
103;-рішення № 000229501 від; 21 жов;тнn3; 2019 рок;у.

Виз;наm0;и про;тиl7;ра 74;ни
084; та ска;суk4;ат 80; под;атl2;ов 77; пов;ідl6;мл 77;нн
103;-рішення № 000230501 від; 21 жов;тнn3; 2019 рок;у в час;тиl5;і сум;и зав;ищk7;нн03; від;`єм 85;ог
086; зна;чеl5;ня об`n8;кт 72; опо;даm0;ку 74;ан
085;я под;атl2;ом на при;буm0;ок в роз;міl8;і 432 543 845 грн;.

Стя;гнm1;ти за рах;унl6;к бюд;жеm0;ни 93; аси;гнm1;ва 85;ь Гол;овl5;ог 86; упр;авl3;ін 85;я ДПС; у Пол;таk4;сь 82;ій обл;асm0;і (вуl3;. Євр;опk7;йс00;ка, 4, м. Пол;таk4;а, Пол;таk4;сь 82;а обл;асm0;ь, 36014, ЄДР;ПОi9; 43142831) на кор;исm0;ь Тов;арl0;ст 74;а з обм;ежk7;но02; від;поk4;ід 72;ль
085;істю "Асm0;ро10;нв
077;ст-Енердж;і" (вуl3;. Пог;ріk3;ня 82;а, 5а, к. 2, м. Зін;ькo0;в, Пол;таk4;сь 82;а обл;асm0;ь, 38100, ЄДР;ПОi9; 35193237) вит;раm0;и зі спл;атl0; суд;овl6;го збо;ру у роз;міl8;і 21020 (двk2;дц03;ть одн;а тис;ячk2; два;дцn3;ть) гри;веl5;ь 00 коп;ійl6;к.

Ріш;енl5;я наб;ирk2;є зак;онl5;ої сил;и піс;ля зак;інm5;ен 85;я стр;окm1; под;анl5;я апе;ляm4;ій 85;ої ска;ргl0; всі;ма уча;снl0;ка 84;и спр;авl0;, якщ;о так;у ска;ргm1; не бул;о под;анl6;. У раз;і под;анl5;я апе;ляm4;ій 85;ої ска;ргl0; ріш;енl5;я, якщ;о йог;о не ска;соk4;ан 86;, наб;ирk2;є зак;онl5;ої сил;и піс;ля пов;ерl5;ен 85;я апе;ляm4;ій 85;ої ска;ргl0;, від;моk4;и у від;крl0;тт10; чи зак;риm0;тя апе;ляm4;ій 85;ог
086; про;ваk6;же 85;ня або; при;йнn3;тт03; пос;таl5;ов 80; суд;ом апе;ляm4;ій 85;ої інс;таl5;ці11; за нас;ліk6;ка 84;и апе;ляm4;ій 85;ог
086; пер;егl3;яд 91;.

Ріш;енl5;я мож;е бут;и оск;арk8;ен 77; до Дру;гоk5;о апе;ляm4;ій 85;ог
086; адм;інo0;ст 88;ат
080;вного суд;у з ура;хуk4;ан 85;ям осо;блl0;во 89;те
081; под;анl5;я апе;ляm4;ій 85;их ска;рг, вст;анl6;вл 77;ни
093; пун;ктl6;м 15.5 час;тиl5;и 1 Пер;ехo0;дн 80;х пол;ожk7;нь Код;екl9;у адм;інo0;ст 88;ат
080;вного суд;очl0;нс 90;ва Укр;аїl5;и в ред;акm4;ії від; 03.10.2017 рок;у.

Апе;ляm4;ій 85;а ска;ргk2; на дан;е ріш;енl5;я мож;е бут;и под;анk2; про;тяk5;ом три;дцn3;ти дні;в з дня; скл;адk7;нн03; пов;ноk5;о суд;овl6;го ріш;енl5;я.

Пов;не ріш;енl5;я буд;е скл;адk7;но про;тяk5;ом дес;ятl0; дні;в з дня; зак;інm5;ен 85;я роз;глn3;ду спр;авl0;.

Гол;овm1;юч 80;й суд;дя А.О. Чес;ноl2;ов 72;

English version:

POLTAVA DISTRICT ADMINISTRATIVE COURT

DECISION

IN THE NAME OF UKRAINE

(reduction)

September 09, 2020 Poltava Case № 440/364/20 Poltava District Administrative Court composed of:

presiding judge - Chesnokova AO,

with:

Secretary of the court session - Bezegi AA

representative of the plaintiff - Kondratenko TM

representative of the defendant - Prokopchuk OO

having considered in open court under the rules of general claim proceedings the case on the administrative claim of the Limited Liability Company "Astroinvest-Energy" to the Main Department of the State Tax Service in Poltava region on the recognition of illegal and cancellation of tax notices-decisions.

Pursuant to Articles 241-245 of the Code of Administrative Procedure of Ukraine,


RESOLVED:

Administrative claim of Astroinvest-Energy Limited Liability Company (5a Pohribnyaka St., room 2, Zinkiv, Poltava region, 38100, USREOU 35193237) to the Main Department of the State Tax Service in Poltava region (4 European Street, m. Poltava, Poltava region, 36014, USREOU 43142831) on the recognition of illegal and cancellation of tax notices-decisions to satisfy in full.

Declare illegal and cancel the tax notice-decision № 000228501 dated October 21, 2019.

Declare illegal and cancel the tax notice-decision № 000227501 dated October 21, 2019.

Declare illegal and cancel the tax notice-decision № 000229501 dated October 21, 2019.

Declare illegal and cancel the tax notice-decision № 000230501 dated October 21, 2019 in terms of the amount of overstatement of the negative value of the object of income tax in the amount of 432 543 845 UAH.


To collect at the expense of budgetary allocations of the Main Department of the State Tax Service in Poltava region (4 Evropeyska Street, Poltava, Poltava region, 36014, USREOU 43142831) in favor of Astroinvest-Energy Limited Liability Company (5a Pohribnyaka Street, k. 2, Zinkiv, Poltava region, 38100, USREOU 35193237) costs of court fees in the amount of 21020 (twenty one thousand twenty) hryvnias 00 kopecks.


The decision takes legal effect after the expiration of the term for filing an appeal by all parties to the case, if such a complaint has not been filed. In the case of an appeal, the decision, if it is not revoked, takes effect after the return of the appeal, refusal to open or close the appeal proceedings or the decision of the appellate court as a result of the appellate review.

The decision may be appealed to the Second Administrative Court of Appeal, taking into account the peculiarities of filing appeals established by paragraph 15.5 of Part 1 of the Transitional Provisions of the Code of Administrative Procedure of Ukraine in the wording of 03.10.2017.

An appeal against this decision may be filed within thirty days from the date of the full court decision.

The full decision will be made within ten days from the end of the case.

Presiding Judge A.O. Чес;ноl2;ов 72;

[targatarga] 13/10/2020 09:55

Perhaps Fady will be buying daily. Makes you wonder if there's much stock available. Imho