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  2. Share Prices
  3. Cadogan Share Price
  4. Cadogan Share News
  5. Cadogan Petroleum Applies For Licence Over Monastyretska Oil Area

Pin to quick picksCadogan Share News (CAD)

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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.

More News
23 Jun 2010 18:15

Weiss sells out of Cadogan

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

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23 Jun 2010 17:44

Cadogan Petroleum Statement Re Shareholder Change And Agm Update

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

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17 May 2010 17:42

Cadogan releases trading statement after close

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

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28 Apr 2010 16:16

Weiss wants changes at Cadogan

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

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28 Apr 2010 08:43

Cadogan FY pre-tax losses swell

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

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11 Nov 2009 09:28

Small caps round-up: Cobra Bio-Manufacturing, Cadogan, Oilex...

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

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29 May 2009 08:32

Small caps round-up: Wichford, Baltic Oil, Caffyns...

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

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14 May 2009 11:07

Small caps round-up: Clean Air Power, Forbidden Tech, ProStrakan...

Deals to supply supermarket Sainsbury's and dairy group Robert Wiseman helped the fuel technology group Clean Air Power post a rise in revenues and reduce losses over 2008. Pre-tax losses fell to £2.4m from £3m as turnover climbed to £6.5m from £4.7m. Internet video platform developer Forbidden Te

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