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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 | 0.00 | 08:00:14 |
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 |
TIDMCAD 08 May 2018 Publication of Report on Payments to Governments Cadogan Petroleum plc (the "Company") Consolidated report on payments to governments Cadogan Petroleum plc presents below its consolidated report on payments to governments for the year ended 31 December 2017, for activities related to exploration, development and extraction of oil and gas resources. The Company has prepared the following consolidated report in accordance with DTR 4.3A of the Financial Conduct Authority Disclosure and Transparency Rules and in compliance with the Reports on Payments to Governments Regulations 2014 (SI 2014/3209), as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (SI 2015/1928). Basis of preparation The Company discloses below payments made to governments of the Group's subsidiaries involved in extractive activities. The term 'government' includes a department, agency or entity that is controlled by the government authority. Reporting currency Where payments have been made in currencies other than the reporting currency (USD), the exchange rate existing at the time the payment is made has been used. Payment types disclosed at project level "Project" is defined as "operational activities governed by a single contract, license, lease, concession or similar legal agreements and form the basis for payment liabilities with a government". Where multiple such agreements are substantially interconnected, this was considered a project for the purpose of this report. The payments are presented on a cash basis, net of any interest and penalties on late tax payments or on underpaid tax. There were no payments in kind made to a Government during the year. The following payment types are disclosed for legal entities involved in extractive activities for the year ended 31 December 2017: Production taxes Payments to governments in relation to revenue or production generated under license agreements. Excluded amounts Taxes levied on consumption such as value added taxes, personal income taxes, sales taxes, property and environmental taxes have not been included in this report. Payments summary Payments to governments made during the year ended 31 December 2017: Production taxes Total Governments $'000 $'000 Ukraine State treasury: State budget 1,207 1,207 Total Ukraine 1,207 1,207 Grand Total 1,207 1,207 Payments to governments by project type made during the year ended 31 December 2017: Production taxes Total $'000 $'000 Ukraine Debeslavetska Production licence area 523 523 Monastyretska licence area 438 438 Cheremkhivska Production licence area 246 246 Total Ukraine 1,207 1,207 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/Nick Tullock +44 (0) 20 7894 7000 This information will be available shortly on the National Storage Mechanism END
(END) Dow Jones Newswires
May 08, 2018 02:00 ET (06:00 GMT)
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