Share Name Share Symbol Market Type Share ISIN Share Description
Cadogan Petroleum Plc LSE:CAD London Ordinary Share GB00B12WC938 ORD 3P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 5.125 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
5.00 5.25 5.125 5.125 5.125
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 11.21 -2.16 -0.52 12
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
13/10/201923:29CADOGAN PETROLEUM serious investors - moderated19,463
09/3/201319:19Colonial Coal International Corporation2
04/3/201310:16CADOGAN PETROLEUM serious investers only384
11/2/201121:53Cadogan / Regal-
06/2/201110:42Newspaper and magazine share tips2

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Cadogan Petroleum Daily Update: Cadogan Petroleum Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CAD. The last closing price for Cadogan Petroleum was 5.13p.
Cadogan Petroleum Plc has a 4 week average price of 5.13p and a 12 week average price of 5.13p.
The 1 year high share price is 16p while the 1 year low share price is currently 5.13p.
There are currently 235,729,256 shares in issue and the average daily traded volume is 104,460 shares. The market capitalisation of Cadogan Petroleum Plc is £12,081,124.37.
itsriskythat: I've a question .. Is there an explanation for why Cadogan trades below the sum of its cash in the bank and its investment in Proger? Cash $26m Proger investment $15m Market cap only $22m The market must think the cash will neither be returned to shareholders or put to a specific use. I'm sceptical of companies that just screen dozens of investments and then can't find a suitable home for the cash. Admittedly Cadogan has invested in Proger, but it is unlisted. Any prospect of Proger getting a listing? There isn't another company in the sector like this apart from Sterling Energy which is sitting on the money and can't find anything to do with it. Should the market start to properly value the cash and Proger, the share price would double.
911man: Clarity of why the CEO left would be helpful. I always thought the Proger deal was odd so would be nice to see that my fears are unfounded. Regarding the share price. I have been in this one (in varying amounts - some pretty big back in the earlier days)but though I would reduce to a nominal holding just to keep aware. Sometime, something will happen to get a more robust share price movement. But this last movement showed that people get really bored, really easily.
spangle93: Brumbrum - thanks for sharing your detailed projections. I think they are as good as anyone can do at this stage. I think 2019 is much firmer, because we know that there will be no more new meaningful contributions to production in this period. If you want to refine it, you could add 5-10% downtime (e.g. see the comments about wax build up and rod replacement) which is common. Also, I don't know whether anything changes fiscally if they get the 20-year licence: maybe not here, but it does in Kazakhstan. And then at some stage later in the year, the new CEO will have his (can't see it being a her) ideas on taking the company forward. There is also the trading and oil services companies, but they are pretty minor in comparison. Yes, the E&P business is profitable and I believe that new developments can be funded out of cash reserves, without the need to raise money. For 2020 it's of course much more challenging to predict. I think you'd need some kind of decline curve on production (though to balance that, you've not included any new production from planned wells). The big question is what would it take to shift the depressing share price
itsriskythat: Fair comments in the letter about improving the share price. He needs to secure a licence renewal before Blazh-21 is drilled. Has that started and how long is it likely to take?
lukmanpatel: Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo he’s spamming all the boards and a newly registered today as a member lol
spangle93: Great research Brumbrum I agree - while the Italian exploration moratorium is in place, I don't think any significant value can be ascribed to the assets in that country. Ref your question - the challenge to suggesting a share price for CAD is that it is permanently undervalued, even against cash + financial assets as you show. It's like an investment trust that has a persistent discount to NAV. Maybe a question that's equally important is not necessarily how to add more value but how to close this valuation gap?
brumbrum79: Hi Diesel, Good observation. Sorry, I didn't remember the Italian assets: Expoenergy srl, it filed applications for 2 exploration licenses (Corzano and Reno Centese - Natural Gas, un-risked prospective resources =/>60 BCF) in the Po Valley area. The problems of the Italian Assets are: - 18-months moratorium (started on january 2019) on the award of new licenses; - Italian annual acreage fees increased by 25 times than previous regime; Imho, today the Italian Assets value is very little (near to zero) or better it's like a "call-option" if and when the moratorium is lifted; Cadogan Petroleum acquired Italian Assets for a deffered cash consideration, contingent upon licences being awarded, and it invested zero $. ... What value for Cadogan? A good question. Imho, today's share price (0,12/0,1225 gbp) is not completly fair, it's still a bit undervalued - there's room. I thought it was clear from my previous message. We could have a better idea about "fair value" after Blazh-10 well flow test(s) results. Bye Bye
richardjohn10: Can someone please explain why the share price is so low considering the fundamental value hereThere's got to be something holding this down
spangle93: Blimey, just stepped in after 4 years to look at how my holdings in CAD are doing - it's like a time warp, nothing has changed. The share price is pretty much the same. The directors continue to provide statutory information to shareholders, with the odd exception of the annual state of union operational update (cf yesterday). Wells are always being planned, and never happen. The market cap remains steadfastly lower than cash and equivalents. The shocker in the last 4 years was the farm in to Italy, but the two prospects are small, and Italy is probably the only country where things happen slower than Ukraine. I'll set the timer for 2022, sigh.
stonefold: diesel, good call. -------------------------------------------- Http:// " 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."
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