Cadogan Petroleum: Interim Management Statement
Introduction Cadogan published its financial report for 2011 on 30 April 2012. Financial position At 17 May 2012 the Group had current cash and cash equivalents of approximately $56.6 million. Operations The Group continues to operate safely and efficiently throughout the period. The Group spudded a 5,160 metres …
Cadogan Petroleum: Preliminary Results for the Year Ended 31 December 2011
Cadogan Petroleum plc is an independent oil and gas exploration, development and production company with onshore gas, condensate and oil assets in Ukraine. The Group has undergone significant management changes during the year, including the appointment of Zev Furst as Chairman and Bertrand Des Pallieres as Chief Executive Officer. Other developments during …
Cadogan Petroleum Stuck with Pokroskvoe – ENI Decline Option and Running String Unrecovered
Cadogan reports having been advised by Eni S.p.A that, after analysis of the results for the Pokroskvoe 1 and Pokroskvoe 2a wells, Eni do not intend to exercise their option to acquire a further 30% of the share capital of Pokroskvoe Petroleum BV. The option formed part of the transaction …