Cadogan Energy Solutions Share Discussion Threads

[stonefold] 24/6/2016 20:01

Vote bounce.

[brando69] 17/6/2016 12:33

new management team working wonders...

just like ukraine at the euros

[targatarga] 17/6/2016 09:36

Would like to think we're due a bounce!

[brando69] 13/6/2016 11:37

would be nice to see the market cap exceed the average age of the executive management

[targatarga] 19/4/2016 09:01

considering another top up if we go lower!

[targatarga] 14/4/2016 08:40

thanks stonefold, good breakdown.

[stonefold] 13/4/2016 13:44

Yesterdays Operations update didn’t exactly make the fish jump out of the stream.

Drastically reducing the size of the ‘hypothetical Jam Tomorrow’ Best estimate prospective resources from 220 to 14.5 MMboe.
Whilst slightly firming up the ‘maybe Jam for supper’ 3P reserves from 19.2 to 23.0 MMboe. Most of which belongs to Pirk and Zag which are still awaiting renewal.

The final report should be released end of April (unless some corporate action disturbs the timetable)

Hopefully the Forex loan will have been repaid thus lifting the restricted part of the cash balance. I expect the cash balance will be lower than the previous
figure (unless the Gas Trading has been stunning)

The website’s major shareholder page has been updated today.

My good news pending list:
Confirmation of 20 year production licences for Pirk and Zag

Renewal of Deb(exploration), Slobo and Pok licences that expire this year.

Successful outcome from any of the various farmed out work (see page 9 of April 2016 Presentation on website).

Maintenance of the good start made by the Gas Trading division.

Confirmation of progress of the services division on the possible 2016 work contracts worth $5m.

Progress towards acquiring a near/producing asset:
The Ukrainian state may confiscate then auction a number of Ukrnafta’s currently producing licences this year, for Ukrnafta’s failure to pay tax.
Or AST round two.

A twitch on the heartbeat monitor of the shale gas story.

[flyingbull] 31/3/2016 18:38

The April oil stock competition is now on! Deadline for entry is midnight tonight! Good luck!!!

Previous competition results can be found here

[temmujin] 31/3/2016 18:19

probably Cad's broker boys

[targatarga] 31/3/2016 18:08

tenmujin - reckon the only real crooks have been pumping ast..... same old story...

[stonefold] 31/3/2016 17:49

diesel, good call.

--------------------------------------------



"

Cadogan Petroleum PLC - CAD


Possible combination with Ascent Resources plc

Released 17:07 31-Mar-2016



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

CADOGAN PETROLEUM PLC

Statement regarding possible combination with Ascent Resources plc

31 March 2016

Further to its announcement on 29 March 2016, Cadogan Petroleum plc (“Cadogan” or the “Company”) notes the recent appreciation in the share price of Ascent Resources plc ("Ascent"), which as at the close of business yesterday was at a 658% premium to the closing share price of 0.93 pence on 23 March 2016, being the business day immediately prior to the announcement by Ascent regarding the possible combination of Cadogan and Ascent.

Cadogan has conducted extensive due diligence on Ascent and the Petisovci Gas Project, however this share price rise has taken Ascent’s enterprise value above a level that Cadogan was prepared to consider for a potential transaction. As a result, Cadogan confirms that it does not intend to make an offer for Ascent.

This announcement is made in accordance with Rule 2.8 of the UK City Code on Takeovers and Mergers (the "Code"). As a result of this announcement Cadogan will, together with any party acting in concert with Cadogan, be bound by the restrictions contained in Rule 2.8 of the Code.

Cadogan reserves the right to announce an offer or possible offer or make or participate in an offer or possible offer for Ascent (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement in the circumstances set out in Note 2 to Rule 2.8 or with the consent of the Panel on Takeovers and Mergers."

[waveneygnome] 30/3/2016 23:20

Or have they been trying to do a deal on the CLN........which if converted would far outweigh the shares in issue.

[targatarga] 30/3/2016 10:12

No idea, wonder if cads been building an as yet undisclosed stake!

[diesel] 30/3/2016 09:43

Has the increase in AST so, thrown a spanner in the works for CAD?

[tidy 2] 25/3/2016 17:30

The upside is with AST right now.

[waveneygnome] 24/3/2016 18:32

#8 checking in.

AST announcement looks interesting. Looks like they have gas, but no money or permit.

We're experienced in gas, have money, could sell gas via trading arm........and Slovenia a bit more stable than Ukraine(?).

[flyingbull] 29/2/2016 00:00

The March oil stock challenge is on! Deadline for entries is midnight on Monday 29 Feb 2016. Good luck!!!

fb

[targatarga] 18/1/2016 20:43

spain - low ball bid around 12p. Management will keep taking salaries until they're ready to pounce! imho

[spain99] 15/1/2016 21:47

targatarga how due you see the end game?

[targatarga] 15/1/2016 13:31

I wonder where all the traded shares over the last few weeks have gone. Smacks of the end game!

[targatarga] 24/12/2015 08:30

I thought the update was rather good. Shame we're at our lows!

[stonefold] 24/11/2015 21:55

CAD included in special permit stop order no. 374




".........In addition, the effect of special permits Gosgeonedr stopped JV "Poltava naftogazovaya Company" (PPC) on Novonikolayevsk, Movchanivskoe, Rudenkivskoe, Ignativskoe oil and gas fields (all - Poltava region.).

Stopped licenses Regal Petroleum on Mehedivsko-Golotovschinskoe Sviridov and oil and gas fields (both - Poltava region.),

JV "Kolomyia oil company" Delta "Sloboda-Rungurskoe oil and gas field (Ivano-Frankivsk region.), Ltd. .........


For most stopped Gosgeonedr licenses granted 30 days to eliminate violations.

[brad44] 06/10/2015 18:43

# cant remember my number, Waveney, quieter the better. still cant work out what is happening here, as long as the momentum is north that's great, still got a bit to go before I break even im afraid, and im not going to average down until there is a much clearer horizon.

good luck and keep shtum!!