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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% | 2.25 | 2.00 | 2.50 | 2.25 | 2.25 | 2.25 | 1,746 | 08:00:25 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Drilling Oil And Gas Wells | 8.47M | -1.56M | -0.0064 | -3.52 | 5.49M |
Hot Features
Premium
TIDMCAD
This announcement is deemed to contain Inside Information as defined under
the Market Abuse Regulations n. 596/2014
Cadogan Petroleum Plc
("Cadogan" or the "Company")
Successful Stimulation of the
Blazh-1 well Increases Production
Cadogan Petroleum plc ("Cadogan"), an independent, oil & gas company listed on
the London Stock Exchange, is pleased to announce that production from the
Blazh-1 well on the Monastyretska field has nearly doubled to 63 bpd following
the successful completion of a work-over to stimulate the well.
The Blazh-1 well is being monitored as part of a reservoir surveillance program
aimed at optimizing the performance of the entire field. As a result of this
stimulation, Cadogan's current production (oil and gas combined) has increased
to 219 boepd (205 boepd net to Cadogan).
The team and the equipment have been relocated to the Blazh-3 well to execute a
work-over and chemical treatment. This operation is scheduled to be completed
in approximately four weeks.
The Monastyretska field is located in the Lviv region of Western Ukraine. Oil
produced from the field has a negligible gas and water content, is treated
locally and exported by truck by the buyers. The Group holds a 100 per cent
working interest in the license.
-ENDS-
About
Cadogan is an independent oil and gas company. Cadogan operates exploration and
production licenses in Western Ukraine, conducts gas trading operations, and
provides services to E&P companies.
For further information, please contact:
Cadogan Petroleum plc
Guido Michelotti Chief Executive Officer +380 (44) 594 5870
Ben Harber Company Secretary +44 0207 264 4366
Cantor Fitzgerald Europe
David Porter +44 (0) 20 7894 7000
Nick Tulloch
END
(END) Dow Jones Newswires
February 22, 2018 06:07 ET (11:07 GMT)
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