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Cadogan Petroleum Applies For Licence Over Monastyretska Oil Area

Wed, 03rd Jul 2019 15:18

(Alliance News) - Oil & gas company Cadogan Petroleum PLC said Wednesday it has filed an application for a 20-year production licence on the Monastyretska onshore licence area in Ukraine.

The production licence to be applied for has been named Blazhiv field.

The application was filed with the State Geological Services of Ukraine five months ahead of the expiry date of the current licence, with is November 18.

Cadogan has already secured several approvals for the set of documents to be attached to the application, including the reserves report and the environmental impact assessment study, and the confirmation of no breaches within the exploration period.

"This is an important step towards stabilizing the future of our company in Ukraine. We have filed the application well ahead of the deadline in order to allow sufficient time for a seamless transition between the exploration and the production licenses," said Chief Executive Officer Guide Michelotti.

Shares in Cadogan Petroleum were up 1.1% at 8.09 pence on Wednesday.

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IN BRIEF: Cadogan Energy promotes director Jacques Mahaux to chair

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10 Nov 2023 12:01

IN BRIEF: Cadogan Energy Solutions hails expansion in Ukraine

Cadogan Energy Solutions PLC - Ukraine and Italy-focused oil and gas company - Reports expansion into electricity generation activities in Ukraine. "The current oil production on the Blazhiv field leads to a simultaneous production of non-commercial, associated gas. Previously, this gas was released into the atmosphere before a viable solution was found," it says. The company's new development project in Ukraine consists of capturing gas during production activities and using it to generate electricity which will be sold on the grid, Cadogan Energy explains. "Cadogan Energy Solutions teams are dedicated to continue to improve the current operations and our business model creating long term value for the company and its stakeholders," it adds.

11 Sep 2023 12:09

Cadogan Energy Solutions interim loss narrows; laments lower oil price

(Alliance News) - Cadogan Energy Solutions PLC on Monday lamented the ongoing war in Ukraine and lower oil prices but reported a narrowed loss in the first half of 2023.

11 Sep 2023 12:09

Cadogan Energy Solutions interim loss narrows; laments lower oil price

(Alliance News) - Cadogan Energy Solutions PLC on Monday lamented the ongoing war in Ukraine and lower oil prices but reported a narrowed loss in the first half of 2023.

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Cadogan Petroleum says all Ukrainian operations employees are safe

(Alliance News) - Cadogan Petroleum PLC said on Tuesday all of its employees within its Ukrainian operations are safe amid the continuing Russian invasion.

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IN BRIEF: Cadogan Petroleum faces "severe challenges" in Ukraine

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IN BRIEF: Cadogan Petroleum reiterates Italian arbitration outcome

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IN BRIEF: Cadogan Petroleum loan agreement with Proger is "valid"

Cadogan Petroleum PLC - London-based oil and gas company operating in Ukraine - Says the Italian Arbitration committee deemed its unpaid loan agreement Proger Management & Partners both "valid and effective".

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IN BRIEF: Cadogan Petroleum rises as production resumes in Ukraine

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8 Mar 2022 06:47

IN BRIEF: Cadogan Petroleum suspends production operations in Ukraine

Cadogan Petroleum PLC - London-based oil and gas company with licences in western Ukraine - Temporarily suspends production operations in Ukraine. Says all measures have been taken to secure the company's assets. Adds it is taking every possible action to ensure the safety of its employees.

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IN BRIEF: Cadogan Petroleum 2021 production up 20% on year before

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Cadogan Petroleum Applies For Licence Over Monastyretska Oil Area

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