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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cadogan Energy Solutions Plc | LSE:CAD | London | Ordinary Share | GB00B12WC938 | ORD 3P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.25 | 4.00 | 4.50 | 4.25 | 4.25 | 4.25 | 103,778 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Drilling Oil And Gas Wells | 7.55M | 1.26M | 0.0052 | 8.17 | 10.38M |
Hot Features
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TIDMCAD
10[th] November 2023
("Cadogan" or the "Company")
Update on development initiatives
Cadogan Energy Solutions plc ("Cadogan" or the "Company") is pleased to announce
an update on two new business development initiatives.
In Ukraine, the Company is expanding into the electricity generation activities
whilesignificantly reducing emissions into the atmosphere.The current oil
production on the Blazhiv field leads to a simultaneous production of non
-commercial, associated gas. Previously, this gas was released into the
atmosphere before a viable solution was found.
Cadogan's new development project in Ukraine consists of capturing gas during
our production activities and using it to generate electricity which will be
sold on the grid. This project will achieve a highly significant drop in the
annual gas emissions of Cadogan as the intensity ratio will drop from 126 to 33
tons of CO2 e/Kboe. At the same time, Cadogan will be producing electricity,
generating additional revenue. We expect to be operational with this valuable
and sustainable initiative in Q1 2025.
In Italy, Cadogan owns a 90% interest in Exploenergy, an Italian company which
has filed applications for two gas exploration licenses located in the Po Valley
region in Northern Italy (Corsano and Reno Centese). Exploenergy has been
qualified by the authorities as a valid gas operator, able to develop its
activities in the two areas, thanks to the technical expertise, operational
support and the financial resources provided by the Group.
Cadogan Energy Solutions teams are dedicated to continue to improve the current
operations and our business model creating long term value for the Company and
its stakeholders.
About
Cadogan is an independent, energy company, which operates an exploration and
production license in Western Ukraine, conducts gas trading operations, and
provides services to E&P companies. The aim of the Company is to be a
diversified energy group making investments offering energy solutions and
alternative services with a lower environmental impact.
For further information, please contact:
Cadogan Energy Solutions plc
Fady KhalloufChief Executive Officer f.khallouf@cadogan-es.com
Ben Harber Company Secretary +44 0207 264 4366
This information was brought to you by Cision http://news.cision.com
END
(END) Dow Jones Newswires
November 13, 2023 05:50 ET (10:50 GMT)
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