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yes, that really is depressing. And we are paying our great leader close on a million euros to stop Cad having a share of this success story. Beggars belief
Can people buy some petrol please? ? ??
Not a massive risk as have assets , produce oil and cash near equal to value plus several court cases.
Only one trade today - mine. I like these kind of shares, but I guess quite risky with outcome of legal struggle.
The idea was to list proger on the stock market , but for that to happen would need all parties to support the idea
Cad has always had close ties with Proger, at times sharing the same board members.
Cad had a pile of cash it didn't know what to do with , and a return of 5.5% was good money.
Proger is a highly successful profitable company
The initial conclusion was supposed to be Cad would exchange the money for a position in Proger which at the conclusion of the loan was valued at 20 million euro, plus an annual dividend This figure is probably higher now.
Course this was all arranged by the previous management, and now the new babies have thrown the rattle out the pram
Because they're a bunch of idiots.
what i dont understand is why CAD gave the loan to Proger to begin with ?
That's all assuming Proger can raise the money. Remember when the loan was taken out, there was no intention of it being repaid. Still think Cad would have been better taking a stake in Proger. Oil won't last forever, and any move away from The Ukraine is a good one. On the optimistic side Cad squeezing Proger hard may result in the granting of more concessions by the beleaguered Proger.
On slightly different note I see our 'great' P.M. is getting matey with the Ukrainians, perhaps he could kindly ask that British firms are no longer subject to the corruption endemic in The Ukraine. Or even better start addressing the corruption endemic in the U.K
My initial reaction to learning that Fady Khallouf gains 5% bonus on success in recovering the proper money was to be cynical.
Firstly I'd rather the Cadogan retains 95% of the recovered amount than loses everything or as good as if the legal teams get into action and take ten years to follow due process. Secondly it won't cost Cadogan 5% because it is proposed Fady takes half the bonus in shares which costs nothing. As a final point he knows better than anyone the personnel involved here and is better placed to drive the recovery of the Proger money than an independent legal expert managing the process.
So overall it isn't such a bad way to go.
agm today, not that that will will cause any sensations. We'll have to wait til September for the half year results which will surely show an healthy profit and add to the considerable cash pile. I note there is a proposal in the A.G.M to pay our wonderful C.E.O a 5% bonus of the Proger money when he secures its return, which would wipe out half the profit on the loan. Nice money if you can get it, let's up somebody warms the trough before he sticks his snout in. Let's turn down a golden opportunity to diversify away from oil into a highly successful company, and expand our portfolio, or seize an opportunity to fill our pockets. Well it's a dilemma. No wonder the share price is 4p. Okay having had my rant I feel happier.
Been here for a number of years now buying in at around 7p. What’s the reasons for Fady making those share purchases back in May?
I'm sure everybody in the world would agree with that statement. Time for Fady to stand up and announce some plans/ambitions for the company, cos at present he doesn't seem to have any. I think it would be better if Cad went into voluntary liquidation, certainly from my point of view , and shared out all the lolly. It must be a unique situation for a company to be worth so much more money dead than alive
surely our valuation /mcap should be more than double than now.
we are still price in as if oil price is around $45
Poodingen if you are short investor then best find another share , this company could bounce 200% on news of loan repaid and also on high court on well licence or tax refund.
The point is that its a waiting game so long term investor
Well... that hasn't happened ??????
I've not seen very much chatter about this stock... Any news?
In short term based on oil recovery we are now in profit mode for CAD
Yes! Expect another big day today and for more people to notice this and realise what's going on when it appears on the top risers board again!
Odds on an RNS stating the 21mill has been repaid? 9mill mcap...30p here we come!
expect more TR1 soon and sp will gradually rise towards 10p soon for starter.
Lets hope , will check the courts for any updates as well
Would have been a late reported buy from Friday or an UT.
Either way 30% up already. Should see 100% today then maybe an RNS about the €21mill loan that has been repaid and we should get 30p by end of the week with this still only having an mcap of 10mill
Lots of shares changing hands at the moment ,some at strange prices. Over on Aquis an apparent large sale of 4.1 is followed by a buy of 4.98, which makes the large sale look like a buy??????? Methinks Fady is too intent to fill his own boots than promote the company. A relatively small amount of cash to buy shares for cancellation would send the price to more reasonable levels
Cadogan Petroleum Plc
("Cadogan" or the "Company")
CEO Dealings - Market Share Purchase
Cadogan Petroleum plc ("Cadogan" or the "Company") today announces that its
CEO, Mr. Fady Khallouf, has purchased on 20 May 2021 1,000,000 ordinary shares
of £0.03 each, in the capital of the Company, on the London Stock Exchange at a
price of £0.042 each.
Following this purchase Mr Fady Khallouf holds in total 10,425,455 shares
representing 4.27% of the Company.
About
Cadogan is an independent, diversified oil and gas company, which operates
exploration and production licenses in Western Ukraine, conducts gas trading
operations, and provides services to E&P companies.
For further information, please contact:
Cadogan Petroleum plc
Fady Khallouf Chief Executive Officer
fady.khallouf@cadoganpetroleum.com
Ben Harber Company Secretary +44 0207
264 4366
Appendix
The notification detailed above and summarised in the table below is made in
accordance with the requirements of the EU Market Abuse Regulations as follows:
Fady Khallouf, CEO purchased 1,000,000 shares at £0.042 per share on 20 May
2021.
1. Details of PDMR/ person closely associated with them ('PCA')
a) Name Fady Khallouf
2. Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification / Initial notification of purchase of shares
Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Cadogan Petroleum plc
b) LEI 213800JIBKL29FAK1213
4. Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the Ordinary shares of 3 pence each
financial instrument, type
of instrument
GB00B12WC938
Identification code
b) Nature of the transaction Purchase of ordinary shares
c) Price(s) and volume(s) Price(s)
Volume(s)
£0.042
1,000,000
Aggregated information
- Aggregated volume 1,000,000
- Price £0.042
e) Date of the transaction 20 May 2021
f) Place of the transaction XLON