Cadogan Energy Solutions Share Discussion Threads

[itsriskythat] 02/7/2022 10:38

No chance of a cash return by Cadogan as the annual report says that "the pandemic COVID-19 and arbitration process have led to postponing the plans for the business".

So there are plans to use the cash. have to wait longer to find out what is intended.

If you had the shares and now you know the cash is part of the plan, will you wait for news of the plan or sell when the loan is returned by PMP?

[targatarga] 02/7/2022 09:44

Unless Cadogan propose a cash return I can't see these shares rising much. Fhady will milk these until there's nothing left! Imho

[itsriskythat] 02/7/2022 08:39

How much are Cadogan to receive with interest?

Cadogan wins the right to be repaid the loan with interest and PMP pays Cadogan, would you stick around in Cadogan shares or sell after this long wait?

Some of you shareholders may have optimism about the future.

[thordon] 28/6/2022 21:03

If your French then true , just to point out expecting the Proger Arbitration results in July which could be interesting.

[russman] 28/6/2022 17:25

blaise pascal statement.

[thordon] 27/6/2022 22:18

Result of AGM
Released : 27/06/2022 07:00






Cadogan Petroleum plc



Result of Annual General Meeting



The Annual General Meeting of Cadogan Petroleum plc was held on Friday 24th June 2022 at 2.00pm at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, London EC3V 0HR.



The Directors of the Company wish to announce that all resolutions proposed at the AGM were passed. All resolutions were approved on a show of hands at the meeting. The results of the proxy votes received in advance of the meeting are reported below:



Resolution Ordinary/ Special For Against Withheld

Votes Total votes cast
No. of votes % No. of votes %
1. To receive the Annual Financial Report Ordinary 90,181,629 99.55 410,714 0.45 17,234 90,592,343
2. Report on Remuneration Ordinary 83,255,878 91.89 7,348,465 8.11 5,234 90,604,343
3. To re-elect Michel Meeùs as a Director of the Company Ordinary 83,255,878 91.89 7,348,465 8.11 5,234 90,604,343
4. To re-elect Fady Khallouf as a Director of the Company Ordinary 83,255,878 91.89 7,348,465 8.11 5,234 90,604,343
5. To re-elect Jacques Mahaux as a Director of the Company Ordinary 83,255,878 91.89 7,348,465 8.11 5,234 90,604,343
6. To re-elect Lillia Jolibois as a Director of the Company Ordinary 83,255,878 91.89 7,348,465 8.11 5,234 90,604,343
7. To re-elect Gilbert Lehmann as a Director of the Company

Ordinary 70,822,227 84.62 12,873,979 15.38 6,913,371 83,696,206
8. To re-appoint Grant Thornton as auditor Ordinary 83,267,878 99.49 428,328 0.51 6,913,371 83,696,206
9. To authorise the Directors to determine the auditor’s fees. Ordinary 90,164,015 99.53 428,328 0.47 17,234 90,592,343
10. To authorise the Directors to allot shares. Ordinary 90,150,560 99.51 441,783 0.49 17,234 90,592,343
11. To authorise the Directors to disapply pre-emption rights. Special 90,150,560 99.51 441,783 0.49 17,234 90,592,343
12. To authorise the Company to purchase its own shares.

Special 90,164,015 99.53 428,328 0.47 17,234 90,592,343
13. To authorise calling of a general meeting on 14 clear days’ notice.

Special 90,176,015 99.53 428,328 0.47 5,234 90,604,343


A vote withheld is not a vote in law and is not counted in the calculation of votes validly cast for or against a resolution.



Copies of the resolutions passed as special resolutions at the AGM will shortly be available for inspection at the National Storage Mechanism, which is located at:



Ben Harber



Secretary



27th June 2022

[russman] 27/6/2022 21:46

no news from the agm.

[targatarga] 24/6/2022 16:26

Brumbrum - small holders are just a nuisance. Kept in the dark like mushrooms. Imho

[brumbrum79] 24/6/2022 16:15

Until now.. No informations about today CAD's AGM.

[gb904150] 24/6/2022 08:50

Hi Russman.

From the annual report 2021:

The investigation phase is closed. The decision of the College of Arbitrators is expected in July 2022.

[russman] 24/6/2022 06:28

Thought Proger arbitration resuly was due by 30th June

[itsriskythat] 02/5/2022 10:31

It's the time now for Fady K to buy more shares to add to his pile of existing shares.

In 2020 he bought shares in the market on dates between the announcement of the final results and the AGM, and he repeated this in 2021.

He's also due a special bonus in cash and shares if the Proger arbitration goes in favour of Cadogan.

With the bonus shares he ends up with 21.5m shares ~8.5% of Cadogan.

[russman] 02/5/2022 05:37

Proger arbitration judgement due July 22.

[thordon] 28/4/2022 20:39

Thanks brumbrum79

[brumbrum79] 28/4/2022 18:48

Italian government approved Pitesai (transition energy masterplan) in february 2022.
Thanks to Pitesai plan, the Italy’s oil and gas exploration (permits or applications) moratorium has been lifted.
We will see what happens to Exploenergy srl (90% Cadogan Petroleum) and its applications for two exploration licenses located in the Po Valley region.

[brumbrum79] 28/4/2022 13:28

Proger Spa "highlights" FY2021:
Gross Revenues 93,4 m€ (+6% y/y);
Ebitda Margin Adjusted 12% (ex 13,3% FY2020);
Net Financial Position 26,7 m€ (ex 26,1 m€ FY2020);
PFN adj/EBITDA adj = 2,4 -> EBITDA adj = 11,125 m€
PFN adj/PN = 0,5 -> PN FY2021 = 53,4 m€

[itsriskythat] 11/4/2022 14:32

I hope that the Cadogan board do not award any bonuses to themselves for 2020, still outstanding and awaited, and 2021. Bonuses are impossible to justify by any criteria.

[thordon] 10/4/2022 11:43

Lots to investigate - this holding company is a mystery


Cadogan Petroleum Holdings BV
Headquarters
Company Information
Cadogan Petroleum Holdings BV

Hoogoorddreef 15
1101 BA Amsterdam
The company with the name Cadogan Petroleum Holdings BV is registered with the Chamber of Commerce (KvK) under number 34299186 and has its registered office at Hoogoorddreef 15 in the city of Amsterdam with the postal code 1101BA. The main activity of this company is classified under Financial holdings.

Chamber of Commerce 34299186 0000
Location number 000020576331
Legal form Private limited company with ordinary structure (41)
Standard Business Layout Financial holding companies (642)
Township Amsterdam
Province North HollandLast modified: 2022-04-08
Financial information
RSIN 819270453
VAT number NL819270453B01
Trade names of Cadogan Petroleum Holdings BV
existing trade names
Cadogan Petroleum Holdings BV
Trade register publications of Cadogan Petroleum Holdings BV
The table below lists the publications for Cadogan Petroleum Holdings BV. A total of 48 publication(s) were found. These publications are processed daily.

Only the first twenty publications are displayed in the public environment.

To search:
Publication date Publication
2022-04-05 Change
As of 2022-03-04, director Oleksiy Afanasiev stepped down from his position.
2022-04-05 Change
As of 2022-03-04 director Fady Khallouf took up his position.
2021-12-20 Filing
The annual accounts have been filed for the 2020 financial year.

[brumbrum79] 30/3/2022 08:21

This morning CAD's RNS:

From today CAD resumes Crude Oil Production in ukraine.


CAD stopped Crude Oil Production for 23 days (from 7 march 2022).

[itsriskythat] 21/3/2022 17:19

I sincerely hope everyone on this BB is safe and warm. My thoughts are with you.

[itsriskythat] 21/3/2022 16:24

Hope he gives up and doesn't appeal Bitlyanska decision.

[itsriskythat] 21/3/2022 16:23

Sorry for saying the obvious .. after being ignored for ages, finally CAD moves up!

[russman] 09/3/2022 06:48

Impairments loom.

[brumbrum79] 09/3/2022 06:29

Bitlyanska license litigation
Yusenko nadra LLC (Cadogan) vs Geonadra Ukraine
Case nr. 640/24741/20 + 640/7578/20
03 february 2022

hxxps://youcontrol.com.ua/en/catalog/court-document/103460798/

hxxps://youcontrol.com.ua/en/catalog/court-document/103460792/

Good reading.
Yusenko nadra LLC lost both cases.

Now, prudently, ceo & management board should devalue all Ukrainian assets.