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ie only 25% in free float
Also awaiting 207m of oil results! Hope this sp does an RPT and head towards 50p
* 40% owned joint venture I meant
Remind me, any lth, I think this is a 40% owned subsidiary? Its quite confusing between documents. Even so, whilst there is a difference between turnover, earnings and p/e multiples, if that website is correct then its got to be worth at least £5m cash I'd say?? Decent boost here.
Can't vouch for veracity of attached but claims Astroinvest-Ukraine turned over over £14m in 2018
https://www.kompass.com/z/ua/c/astroinvest-ukraina-ltd/ua1703127/
Do Astro Invest still import gas? This is from 2016 https://112.international/business-and-policy/the-biggest-importers-of-gas-to-ukraine-are-announced-7296.html
Group of Companies UkrGas – 115 million of cubic meters of gas
Energy Trade Group – 57 million of cubic meters of gas
AstroInvest-Ukraine – 41 million of cubic meters of gas
Office Business Group – 37 million of cubic meters of gas
Skela Tercium – 32 million of cubic meters of gas
UICE Group – 22 million of cubic meters of gas
Gasoilpetroleum – 18 million of cubic meters of gas
Zlochevsky buys a Ukrainian gas company from the British FRIDAY, APRIL 19, 2019, 13:49 0 The Antimonopoly Committee of Ukraine has agreed with the Cyprus company Burisma Holdings Limited to purchase more than 50% of the gas supplier "Astroinvest-Ukraine" owned by the British Cadogan Petroleum. The relevant decision was made at a meeting of the Antimonopoly Committee on April 18, reports Interfax-Ukraine . "Astrinvest-Ukraine" (Zinkiv, Poltava region). It has been supplying gas to Ukraine since 2006, owned by the British company Cadogan Petroleum, whose shares are quoted on the London Stock Exchange. In 2014-2016, "Astroinvest-Ukraine" also engaged in importing gas to Ukraine from the EU. As stated on the company's website, it has established close cooperation with resident companies in Germany, Switzerland and Poland. Burisma Group carries out exploration, extraction, performance of service and sale of hydrocarbons. The beneficiary of the group is Mykola Zlochevsky. The group is controlled by "Esco-North", "Cube-Gas", "Pari", "First Ukrainian oil and gas company", "Sistemoulinzhiniring", "Nadragaz", "Aldea-Ukraine", "Burysma Service", "TechnocomService", "Nadragazvydobuvannya" "," Gazoilinvest "and" Naftogas-industrial geology ". As previously reported, Zlochevsky sold gas to the companies of President Petro Poroshenko and his entourage. In February, the EP reported that Zlochevsky returned to Ukraine . https://www.epravda.com.ua/news/2019/04/19/647192/
Well it looks like the Zagoryanska license expired in 2014 and, as far as I can tell, hasn't been renewed.
Astroinvest-Ukraine own the Zagoryanska license area as far as I can tell. And they're selling half of it.
Quite possibly. £2m was just my guess before.
I dont think it's going to be as much as people might hope, a couple of million at most. As far as I can tell I think it has a $100m tax loss from years ago that the purchasing company can still use as it's the same industry. The main thing though is the implication of who is getting involved in cad, and what that means for the future. Plus the flow rate and other news next week from the 207m column.
Burisma intends to acquire gas trader "Astroinvest-Ukraine" owned by Cadogan Petroleum Apr 18, 2019 16:21:10 oil and gas The Antimonopoly Committee of Ukraine (AMCU) has agreed to the company Burisma Holdings Limited (Cyprus) the purchase of more than 50% of Astroinvest-Ukraine LLC (Zinkiv Poltava region). As the spokesman for the Antimonopoly Committee of Ukraine, Alexey Tkachuk, told Interfax-Ukraine, the decision was made at a committee meeting on Thursday, Energy Reform reports. Astroinvest-Ukraine has been supplying gas to Ukraine since 2006, owned by the British company Cadogan Petroleum, whose shares are listed on the London Stock Exchange. "Astroinvest-Ukraine" in 2014-2016 also engaged in the import of gas to Ukraine from the EU. As noted on the company's website, it has established close cooperation with resident companies in Germany, Switzerland and Poland. Burisma Group performs exploration, production, maintenance services and sales of hydrocarbons. The beneficiary of the group is Nikolai Zlochevsky. The group is controlled by Esko-Pivnich, Kub-Gaz, Pari, First Ukrainian Oil and Gas Company, Sistemoylingengineering, Nadragaz, Aldea-Ukraine, Burisma Service, Tekhnokomservis, Nadragazvydobuvannya "," Gasoilinvest "and" Naftogazopolylov Geology ".
Is this the same article from earlier or conformation?
Nikolay Zlochevsky buys Ukrainian gas company of the British Cadogan Petroleum [18:00 April 18, 2019] Burisma Holdings Limited (Cyprus) appealed to the Anti-Monopoly Committee for the approval of the purchase of more than 50% of Astroinvest-Ukraine LLC. The issue of considering this appeal is on the agenda of the AMCU meeting, Interfax-Ukraine reports . According to the AMCU press secretary Alexei Tkachuk after the meeting, the relevant decision of the AMCU was provided. Astroinvest-Ukraine has been supplying gas to Ukraine since 2006, owned by the British company Cadogan Petroleum, whose shares are listed on the London Stock Exchange. In 2014-2016, Astroinvest-Ukraine also imported gas to Ukraine from the EU. As noted on the company's website, it has established close cooperation with resident companies in Germany, Switzerland and Poland. Burisma Group performs exploration, production, maintenance services and sales of hydrocarbons. The beneficiary of the group is Nikolai Zlochevsky, former Minister of Environment during the times of Viktor Yanukovich’s presidency. The group is controlled by “Esko-Pivnich”, “Kub-Gaz”, “Pari”, “First Ukrainian Oil and Gas Company”, “Sistemoylingzhiniring”, “Nadragaz”, “Aldea-Ukraine”, “Burisma Service”, “Tekhnokomservis”, “Nadragazvydobuvannya ”,“ Gazoilinvest ”and“ Naftogazopolylov Geology ”. https://translate.googleusercontent.com/translate_c?depth=3&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=http://www.ukrrudprom.com/news/Nikolay_Zlochevskiy_pokupaet_ukrainskuyu_gazovuyu_kompaniyu_brit.html&xid=17259&usg=ALkJrhjWdsRwtjlYCi1TPhsHTly3lPNB8A
The 53k is a buy. Mine.
Yes all sells.
Am I right in thinking those big trades are sells?
Is he looking to take a controlling interest in those assets, or the company?
lol what's the relevant decision??
4pm rns then?
The issue of considering this appeal was put on the agenda of the AMCU meeting on Thursday, Business Censor reports, citing Interfax-Ukraine.
According to the AMCU press secretary Alexei Tkachuk after the meeting, the relevant decision of the AMCU was provided.
Krok - just got off a flight
Appreciate your thoughts on this development
What’s behind this deal if true?
Krok,your not for real.
Yep. Usual dirty shenanigans by MM’s. Watch this race into the close. GL