Dolphy
07 Oct 2016
Any theories on.... ...what's going on here?
Stonefold
06 Oct 2016
Interview from 21st September CAD's CEO Video interview from 21-09-2016 Oil Capital Conference.[link]
desertprincess
05 Oct 2016
Re: Every transformation starts somewhere. There is no intention to take this company forward. It will be another corpse left behind by Benedetti. Keep dreaming! Santa Claus is coming soon....
Stonefold
13 Sep 2016
Every transformation starts somewhere. Cadogan Petroleum's CEO Guido Michelotti talks about the on-going process to focus the company and illuminate shareholder value. [link]
Stonefold
12 Sep 2016
Re: Twenty pages of not very much Perhaps if CAD sit in the audience in a couple of weeks they'll get some ideas?[link] presentation 21-09-2016 :Cadogan Petroleum (LON:.CAD),Premier Oil (LON
MO)Jersey Oil & Gas (LON:JOG),Hyperdynamics (OTCQX:HDYN),SDX Energy (LON:SDX)Northern Petroleum (LON:NOP)
DukeofPlazatoro
26 Aug 2016
Twenty pages of not very much Well the Half Year Report is not the most sizzling thing to have come from CAD. To be honest it needs a heading at the top "Produced for Compliance Purposes only". - Nothing on Exploration as the major licences are expiring or have expired and are not being renewed - Nothing on ENIs plans (assuming they have any) - Nothing much on strategyAnd admin costs are surely down due to gryvnia devaluation, not due to any wonerful cost savings by managementIt sums up as "we are still sitting on $48 million, we haven't spent that much of it, we don't know what to do with it and don't have any plans but we hope something might turn up one day".While Mr Micawber would be recommending this company, as an investor who has seen his investment disappear under this clueless, soporific management I really do despair.
Stonefold
24 Jun 2016
CAD = Brexit friendly + oversold With CADs USD and UAH cash deposits due the GBP exchange rate change CAD's shareprice should this morning be 5 percent higher.And if you consider the amount of cash it has it should be 100% higher.This IMO looks like one its many bottoms.
Stonefold
01 Jun 2016
Odd trading volume over at AST today About three times the volume of the placing of AST shares. Could be forward selling ahead of another fund raising soon at a lower price?Or Henderson pre selling another CLN conversion? but are Henderson happy to offload at 0.6p, and if so how low will they go?If AST are so close to gas production, why would Henderson be shuffling at a loss towards the exit?Something missing from the equation over there.
Stonefold
31 Mar 2016
RNS CAD withdraw from merger talks [link] Petroleum PLC - CAD Possible combination with Ascent Resources plcReleased 17
7 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 JURISDICTIONCADOGAN PETROLEUM PLCStatement regarding possible combination with Ascent Resources plc31 March 2016Further 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."
KNEES
30 Mar 2016
multi bag well well, I thought I would just dip my toe in AST Looks like it could be a 3 bagger at this mo .... not sure how far it will goa nice change to see SP going North anyone have an idea what we value the Co ? 9.98 on CAD website is that the offer ?cheers
Stonefold
28 Mar 2016
Re: route The RNS from AST on 24-02-2016[link] to three routes:".........IPPC permitOur long-term goal is to construct a new processing facility to clean the gas from the Petišovci field to supply gas into Slovenia's national grid ...............Based on professional advice, we previously informed shareholders that the court process should complete within six to nine months from December 2015. However, we have recently received notification from the court that the case is listed to be reviewed ahead of this schedule, in March 2016. Whilst there is no guarantee that a final decision will be taken in March, or that the decision will be favourable to Ascent, it does give reasonable grounds to expect the Permit to be awarded within our anticipated timeline, namely before the end of Q2 2016. ......""...... Alternative route to first gasAs discussed in our last operational update in December 2015, the Company has a second potential route to market not dependent on an IPPC Permit, through outsourcing gas processing to a third party. We advised that we hoped to have a full update on this route by the end of Q1 2016 and we remain on track to achieve that goal. ....""...........Methanol PlantThe Petišovci asset is adjacent to a disused methanol plant, which took its raw material gas from the Petišovci field when last operational. For some time, the owner of the methanol plant (Nafta Lendava: one of our partners in the Petišovci project) has sought a buyer to recondition and reopen the facility. The Company understands that on Friday 19 February 2016 the sale of the methanol plant to US Methanol Inc. was completed for €5.6million. .....................Ascent held initial discussions with the management of US Methanol during December 2015 with a view to supplying gas to the re-commissioned methanol plant. This option also negates the need for an IPPC permit as the Company could sell the gas from the Petišovci field in untreated form. .........."
KNEES
28 Mar 2016
route As noted above, the appeal should not affect the short-term prospects of the Petišovci project and indeed is expected to improve the Company's cash position as the significant capital expenditure required to construct the new treatment works will now be deferred until at least Q4 2016, by which time the Board expects to be generating revenue through the sale of gas via the alternative route. Anyone know what route they are talking about at Ascent Res,is it a case of we have the route and Ascent have the gas ?cheers
KNEES
29 Jan 2016
Re: CAD included in special permit stop ... Quite an interesting report, a lot of detailsSeems like the kinder morga smaller LNG units will be used for LNG to ukraine...."Source: Atlantic Council.Naftogaz Ukrainy, signed a memorandum of understand- ing with the Texas-based Frontera Resources Corporation to begin the construction of an LNG project in the portcity of Odesa.36 This project is designed to bring gas from Frontera’s upstream gas holdings in Georgia to Ukraine. The LNG purification and liquefaction facility (“train” is designed to be built and expanded in incremental modules, which are each anticipated to handle approximately 0.5 bc- m/y, with ultimate targeted capacity of 10 bcm/y. Liquefac- tion facilities will be situated on Georgia’s Black Sea coast, with regasification facilities situated in Odesa.This project will be supplied from Frontera’s gas fields in Georgia. However, in order to expand deliveries of"
desertprincess
07 Dec 2015
Re: CAD included in special permit stop ... Like the new CEO the majority of the staff might be working for Benedetti but remain on CAD's payroll. I recommend to read this article about him: [link]
DukeofPlazatoro
02 Dec 2015
Re: CAD included in special permit stop ... Yes but Slobodo produces something like one barrel a day, if that.The main worry here would be if any restoration obligations crystallise.In any event this company reminds me of that episode of "Yes Minister" where they find a hospital with no patients. The administration is there and everyone is working but there are no patients. We have 70 people and no meaningful production or any likelihood of any
