Cadogan Energy Solutions Share Discussion Threads

[brumbrum79] 26/6/2023 22:16

some news about Proger Spa

hxxps://ratingagency.cerved.com/rating/proger-s-p-a/01024830687/

hxxps://ntplusentilocaliedilizia.ilsole24ore.com/art/ingegneria-proger-supera-mezzo-miliardo-euro-portafoglio-ordini-AE2hRtoD

FY2022:
Gross Revenues €110 million;
Net Profit €9,4 million;
Backlog & Pipeline approximately €500 million;

[russman] 21/6/2023 06:49

maybe Fady knows more than us

[targatarga] 16/6/2023 11:14

Fady is doing exactly as told. His bosses will be extremely happy. Wonder how long before we get taken out on the cheap.

[itsriskythat] 16/6/2023 09:45

The silence over the status of the Proger loan recovery is a disgrace. Don’t know how the larger shareholders have let Fady get away with it for so long? Clearly the shareholders have written off the value of their shares. Personally I am waiting for Fady to buy some more shares which has done twice before between the results and the AGM. Wasn't the price for his bonus shares for recovery of the Proger loan set at 3p. Bonus wouldn't be worth as much at 1.6p so needs to get the price back up. How much longer before news on Proger?

[targatarga] 15/6/2023 09:35

Problem with virtually all of these small untraded companies is when solicitors deal with a probate situation imho

[smackeraim] 10/5/2023 16:47

Haha yeah. But I'm used to snail pace things, even down!

[targatarga] 10/5/2023 15:31

Smackeraim - your obviously new here!

[smackeraim] 10/5/2023 15:19

Beginning to slowly move up, like a snail but will get there.

[russman] 29/4/2023 06:26

"Proger have an obligation to pay back the loan."
Amazing prognosis.

[smackeraim] 28/4/2023 13:50

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..

[itsriskythat] 27/4/2023 15:31

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.

[brumbrum79] 23/4/2023 16:59

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

[itsriskythat] 21/4/2023 13:24

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?

[targatarga] 13/4/2023 13:02

Early sale was someone getting scalped!

[itsriskythat] 08/2/2023 13:50

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.

[itsriskythat] 06/2/2023 11:49

I read this article and then started to think about Cadogan's problems with electricity supply.



What's the solution for Cadogan?

[brumbrum79] 30/1/2023 21:52

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

[thordon] 30/1/2023 19:52

They are , takes time
From reading the court papers it appears still ongoing , but maybe Cadogan have given up.

[targatarga] 30/1/2023 19:45

I thought some of the Ukrainian courts were being disbanded due to corruption.

[russman] 30/1/2023 19:34

No Proger update.

[itsriskythat] 30/1/2023 18:27

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?