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CAD Cadogan Energy Solutions Plc

2.85
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 2.85 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.60 3.10 2.85 2.85 2.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Drilling Oil And Gas Wells USD 8.47M USD -1.56M USD -0.0064 -4.45 6.96M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.85 GBX

Cadogan Energy Solutions (CAD) Latest News

Cadogan Energy Solutions (CAD) Discussions and Chat

Cadogan Energy Solutions Forums and Chat

Date Time Title Posts
25/2/202421:18CADOGAN PETROLEUM serious investors - moderated20,277
26/3/202120:58CADOGAN PETROLEUM serious investers only385
09/3/201319:19Colonial Coal International Corporation2
11/2/201121:53Cadogan / Regal-
06/2/201110:42Newspaper and magazine share tips2

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Cadogan Energy Solutions (CAD) Most Recent Trades

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Cadogan Energy Solutions (CAD) Top Chat Posts

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Posted at 28/2/2024 08:20 by Cadogan Energy Solutions Daily Update
Cadogan Energy Solutions Plc is listed in the Drilling Oil And Gas Wells sector of the London Stock Exchange with ticker CAD. The last closing price for Cadogan Energy Solutions was 2.85p.
Cadogan Energy Solutions currently has 244,128,000 shares in issue. The market capitalisation of Cadogan Energy Solutions is £6,957,648.
Cadogan Energy Solutions has a price to earnings ratio (PE ratio) of -4.45.
This morning CAD shares opened at 2.85p
Posted at 12/2/2024 08:53 by brumbrum79
...Thanks to 'Welcome Bonus' of 5.500.000 Cad shares for nothing... Shares will be always undervalued.
Posted at 07/2/2024 07:29 by itsriskythat
Fady trying to put the price up. Long awaited Blazhiv reserves report to be reported along with Cadogan annual results in April.
Posted at 31/1/2024 13:55 by itsriskythat
So Fady buys more after the operations update. Also expecting him to buy more shares again after the full year results if he repeats his previous purchases.

Fady also might in future get a Proger bonus in shares converting 2.5% of money recovered from Proger (with a minimum conversion price of 3p). He might end up with a significant shareholding of about 10%.

Slow progress but moving in the right direction this year.
Posted at 29/1/2024 07:53 by brumbrum79
...
'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!
Posted at 21/1/2024 18:06 by brumbrum79
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.
Posted at 19/1/2024 23:55 by brumbrum79
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".
Posted at 09/1/2024 21:22 by brumbrum79
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=
Posted at 20/9/2023 12:33 by brumbrum79
Proger spa - Economic and Financial Keywords 2022 - 2021 - 2020

hxxps://www.proger.it/economics/ (italian language)

Imho, for CAD it would be better to sign a new agreement (or "exercise the call option" & close the deal) with Proger/Proger ingegneria/PMP.

Imho, CAD 1H2023 results was a complete disaster in terms of Crude Oil production, revenues, Oil sale price (discount applied on Brent price), gross profit margin (1H23 13% vs. 1H22 32,2%)... Thanks to fady meeus & management board... "Great job"!

After 4 years Cad is studying a gas-to-power solution for the optimization of the use of the produced gas (associated gas to Oil production) in its oil production operations (blazhiv oil field).

The gas-to-power plant (400-800 Kwh) project, using associated gas (ch4), was proposed by Michelotti in the 2019.
In 4 years this ceo & management board didn't do nothing.

Last but not least, after six months there's no update about Exploenergy capital increase.

ByeBye
Posted at 06/10/2022 23:09 by brumbrum79
Some news

Cadogan started the process of dissolution of Astrogaz LLC (ex pirkivska license) - link:
hxxps://youcontrol.com.ua/en/catalog/company_details/35193263/

Astro-invest Energy LLC won the supreme court appeal against Poltava Regional Taxes Office - link:
hxxps://opendatabot.ua/court/106264357-72f1f034ba37634599c944d6341538c6

Cadogan Petroleum Holding Ltd (direct sub-holding of Cadogan Petroleum Plc) published FY2021 on 21 september 2022 -

During 2021 some Cadogan Petroleum Holding's subsidiaries repaid loan for 2,3 Usd million - at the end of 2021 CPH Ltd had 7,295 Usd million of cash at bank.
In consolidated balance sheet FY2021 cash was 15,011 Usd million, in Cadogan Petroleum Plc balance sheet FY2021 cash was 3,860 Usd million.

On page 4 of Cadogan Petroleum Holding's FY Report you can read 'Future Developments'..

1H2022:

Crude Oil production in the 1H22 60.816 Bbls;
Crude Oil production 380 Bpd (based on 160 days of production - it stopped oil production for 3 weeks in march);
Hydrocarbon sale revenue: 4.632.000 Usd;
Cadogan Crude Oil average sale price 76,16 Usd/Bbl;
1H22 Brent Oil average price: 106,92 Usd/Bbl; (in the first 3 months of 2H Brent Oil average price: 100,72 Usd/Bbl)
Discount applied: 30,76 Usd/Bbl;


'CO2 emissions level in H1 2022 increased to 124,99 tons of CO2,e/boe
produced compared to 82.47 tons of CO2,e/boe for the same reporting period of the last year driven by the increase of associated gas volume recovered during oil production.'

They could reduce CO2 emission with a CHP plant (400-800 kW), using associated gas (methane, butane, ethane, pethane) recovered during oil production and in the same time producing heat and electric energy.
The ceo and management board are ridiculous.

'The structural tectonic and petrophysical modeling of the area, hydrocarbons reserves & resources reassessment as well as hydrodynamic model refining is planned to be conducted afterwards.'

hydrocarbons reserves & resources reassessment... maybe new CPR released in the 2050?!

'As at 30 June 2022, the development and production assets balance which forms part of PP&E has decreased in comparison to 31 December 2021 due to the Hryvnya devaluation against the US Dollar by 8% at the end of the period.'

We will see what happens in the 2H2022... Today Usd/Uah exchange rate is 37;


Ceo & Management Board remuneration (Fy2021) was more than 800.000 Usd... I think it will be the same this year.
800.000 Usd/yearly for this wonderful ceo and management board. They are paid to do nothing or less than nothing. Last but not least, from 19th november 2019 the share price performance is -64%, a fabulous result yeah! Great job of meeus' management board and his requisition letter.
Taken directly from 'Members’ Statement':
...RESTRICTED - 1
Members’ Statement
Continuous underperformance of the Company
The Company’s share price has fallen by more than 80 per cent over the last eight years (based on a closing share price on 20 September 2019 of 6.25 pence compared to a share price in September 2011 of 40 pence). This represents significant underperformance against sector indices over the same period and cannot therefore be accounted for by the difficulties facing the Oil & Gas sector as a whole (the FTSE All Share Oil & Gas Index has increased by approximately 16 per cent over the same period). The Company has been left with less assets and a diminished cash balance as a result of this underperformance.
In addition, the current activities of the Company are both capital intensive and leading to significant net cash outflows. We believe recent developments, in particular a potential partnership with the Italian company Proger, are not fully addressing this issue. The potential synergies with Proger have still to be identified, analysed, developed and integrated on an adequate and fair basis for both parties.
We believe that a company of Cadogan’s size and standing requires a more developed strategy in order toaddress its current situation.

Proposed New Directors
We believe that the appointment of the proposed directors will revitalise the board and allow the Company to implement the necessary reforms to address the underperformance described above. Further details of the experience and skills of the proposed directors are included below.
...



wowww!
Thanks Mr. meeus, in the last 3 years we saw more than 1000 new business ideas, a great execution of the plan (which plan? is there a plan? really?) and a fireworks performance of Cadogan's share price!


...But my smile, still, stays on...
Just gimme, gimme, gimme fried chicken!
Posted at 03/2/2021 09:31 by russman
The CAD share price suggests that there will be no repayment.
Surprising there has been no negotiations to date.
Cadogan Energy Solutions share price data is direct from the London Stock Exchange

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