'Good progress' on Cadogen oil deal
17th May 2011 11:49
Independent oil and gas company Cadogan Petroleum, said good progress has been made in plans to sell large stakes in its East Ukrainian operations. In April the firm announced plans to sell a 60% interest in its Zagoryanska field and an initial 30% interest in the Pokrovskoe field to Italian energy
Read moreCadogan Petroleum moves into profit
27th Apr 2011 12:40
Cadogan Petroleum moved back into profit in 2010, a year which saw its shareholders gave it a mandate to pursue operations in Ukraine. The oil group said it is well placed to develop its assets more aggressively. Pre-tax profits for the year totalled £531,000, against a deficit of £107.2m the previ
Read moreCadogan in Ukraine partnership with ENI
13th Apr 2011 11:14
Oil and gas explorer Cadogan Petroleum has reached an agreement with ENI for the Italian oil major to acquire interests in two of Cadogan's eastern Ukrainian licences. Eni will initially acquire a 30% interest in the Pokrovskoe licence, with the option to acquire a further 30% interest in the futur
Read moreCadogan's Ukraine deal rubber stamped by court
18th Oct 2010 08:07
Oil and gas explorer Cadogan Petroleum has had last month's settlement of a long-running dispute with Ukraine formally approved by the courts there. The Higher Administrative Court of Ukraine rubber stamped the terms of the settlement agreement announced in September with state-owned NSJC Nadra Ukr
Read moreLondon close: Flat finish
30th Jun 2010 15:56
A jumpy start on Wall Street did nothing to steady a volatile Footsie, but despite all the fluctuations the leading index finished hardly changed on the day. London lost 272 points in June, the third monthly decline in a row, and traded a range of well over 400 points. Miners ENRC, Kazakhmys and A
Read moreLondon afternoon: Miners spoil the party
30th Jun 2010 14:15
The Footsie turned south over the lunch time session as traders took note of the US stock futures market which indicates US markets will open mixed and miners took a turn for the worse. Anglo-Swedish drugs giant AstraZeneca is still the best performer after it received a favourable US ruling in it
Read moreCadogan says potential bidder has withdrawn
30th Jun 2010 12:52
A take-over looks off the cards for the moment at Cadogan Petroleum as the company confirmed that the bid approach it announced on 4 June has led to nothing. The company revealed on 4 June that an unnamed party had approached the board with a proposal to take a 51% stake in the oil and gas firm at
Read moreCadogan Petroleum Potential Offer Withdrawn, No Longer In Offer Period
30th Jun 2010 08:28
LONDON (Dow Jones)--Cadogan Petroleum PLC (CAD.LN), an independent oil and gas exploration, development and production company with onshore gas and condensate assets in Ukraine, said Wednesday it has been notified that the proposal contemplating a partial offer for the Company's shares has been with
Read moreWeiss sells out of Cadogan
23rd Jun 2010 18:15
Weiss Asset Management has sold its 29.12% stake in Cadogan Petroleum to Shon Invest SA. The fully listed oil and gas company says that Shon Invest agrees with the strategy of developing the Ukrainian oil and gas assets. Cadogan had delayed its AGM because it asked the Takeover Panel to investiga
Read moreCadogan Petroleum Statement Re Shareholder Change And Agm Update
23rd Jun 2010 17:44
TIDMCAD RNS Number : 1518O Cadogan Petroleum PLC 23 June 2010 Change of shareholder and Annual General Meeting update The Board of Cadogan Petroleum plc (the "Company") notes that Shon Invest S.A has purchased 67,298,498 shares, representing 29.12% of the total Company shares outstanding, from We
Read moreCadogan releases trading statement after close
17th May 2010 17:42
Oil and gas explorer Cadogan Petroleum released its interim management statement after the market closed. Cadogan says that it has cut its average monthly cash outflow to £450,000. There was £29.5m ($42.7m) in the bank on 17 May. An independent reserves evaluation has reclassified a large proport
Read moreWeiss wants changes at Cadogan
28th Apr 2010 16:16
Cadogan Petroleum's largest shareholder wants three new non-executive directors appointed to the oil and gas company's board so that assets are maximised and capital is returned to shareholders. Cadogan floated on the Main Market at 230p a share in June 2008 and has lost more than 90% of its value
Read moreCadogan FY pre-tax losses swell
28th Apr 2010 08:43
Shares in oil and gas company Cadogan Petroleum fell after said full year pre-tax losses widened as its Ukrainian assets were impaired by £63.5m. For the year ended 31 December 2009 loss before tax widened to £107.2m from a loss of £24.4m the year before. Revenue for the year increased to £2.3m fro
Read moreSmall caps round-up: Cobra Bio-Manufacturing, Cadogan, Oilex...
11th Nov 2009 09:28
Cobra Bio-Manufacturing is is discussions which may or may not lead to an offer being made for the company. In a standard statement, Cobra said the talks still remain at a preliminary stage. Cadogan Petroleum continues to reduce expenditure whilst re-evaluating its oil and gas assets in Ukraine. Ca
Read moreSmall caps round-up: Wichford, Baltic Oil, Caffyns...
29th May 2009 08:32
Shares in property investment company Wichford almost halved today after reporting a full-year loss of £76.2m and admitting it is mulling a cash call. The group, which said the value of its UK portfolio slumped by £56.7m, or 12.7%, to £389.9m, intends to pay an interim dividend, but will not decide
Read more