Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

Pin to quick picksCadogan Share News (CAD)

Share Price Information for Cadogan (CAD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.30
Bid: 2.10
Ask: 2.50
Change: -0.20 (-8.00%)
Spread: 0.40 (19.048%)
Open: 2.35
High: 2.35
Low: 2.30
Prev. Close: 2.50
CAD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Cadogan Petroleum Installs New Pump At Blazh 10 Well In Ukraine

Tue, 08th Oct 2019 11:36

(Alliance News) - Cadogan Petroleum PLC said Tuesday it has installed a new sucker rod pump at the Blazh 10 well in the Monastyretska licence in Ukraine, while the company continues with its application to convert Monastyretska into a production licence.

The oil & gas installed the new pump after the old one was removed due to not functioning correctly. The pump was used as a chance for Cadogan to record a pressure build up and a production log.

Based on the analysis of the build up, the well productivity index has decreased, while the production log confirmed the profile which was recorded in May.

In May, Cadogan tested the well on three different chokes. On 8/64, 10/64 and 13/64 inch chokes the well produced 98, 133 and 181 barrels per day respectively.

The well has been put on production at 185 barrels per day of oil, which brings the total production for the Monastyretska licence at 400 barrels of oil per day.

In addition, Cadogan said the application to convert Monastyretska into a production licence is currently following its due process, managed by the State Geological Service of Ukraine.

Shares in Cadogan Petroleum were untraded on Tuesday, last quoted at 5.36 pence in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
23 Feb 2024 13:24

Director dealings: Cadogan Energy CEO raises stake

(Sharecast News) - Cadogan Energy Solutions revealed on Friday that chief executive Fady Khallouf had acquired 3.32m ordinary shares in the UK-based energy company.

Read more
2 Feb 2024 19:57

IN BRIEF: Cadogan Energy Solutions to expand electricity generation

Cadogan Energy Solutions PLC - Ukraine and Italy-focused oil and gas company - Provides operational update post year end. Explains 2023 remained a highly challenging year due to the ongoing war situation in Ukraine. In Ukraine, Cadogan says it is expanding into electricity generation activities while significantly reducing emissions. This project is expected to be operational in the first quarter of 2025. Says awaiting the nomination of the members of the arbitration board regarding ongoing litigation.

Read more
11 Dec 2023 12:06

IN BRIEF: Cadogan Energy promotes director Jacques Mahaux to chair

Cadogan Energy Solutions PLC - Ukraine and Italy-focused oil and gas company - Michel Meeus will step down as chair on January 1 after about four years in the role. He will remain on the Cadogan board as a non-executive director. Independent Non-Executive Director Jacques Mahaux is promoted to chair.

Read more
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.

Read more
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.

Read more
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.

Read more
22 Nov 2022 14:28

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.

Read more
9 Sep 2022 10:22

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

Cadogan Petroleum PLC - oil projects in Ukraine - Pretax loss widens to USD1.7 million in the first half of 2022 from USD130,000 a year before. Revenue is steady at USD4.6 million, compared to USD4.5 million a year before, but Cadogan books a USD1.6 million loss on currency movement, compared to a USD276,000 loss a year before. Says the half-year "witnessed severe challenges" due to Russia's invasion of Ukraine. Cadogan stopped production for three weeks in March but then was able to resume activity. Average working interest production was 336 barrels per day, up 1.5% from 331 per day a year before, though production revenue rose 40% due the jump in oil prices. Total revenue increased by less than that because of the absence of gas sales.

Read more
8 Aug 2022 21:39

IN BRIEF: Cadogan Petroleum reiterates Italian arbitration outcome

Cadogan Petroleum PLC - London-based oil and gas company operating in Ukraine - Updating on its legal proceedings in Italy with Proger Management & Partners, says last Monday's announcement from Proger does not reflect the outcome of the arbitral proceeding, and contains "inaccurate and incomplete information". Reiterates that the arbitral committee decided Proger must return payment received under loan agreement, which was deemed "valid and effective" by the committee.

Read more
8 Aug 2022 07:01

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".

Read more
30 Mar 2022 11:01

IN BRIEF: Cadogan Petroleum rises as production resumes in Ukraine

Cadogan Petroleum PLC - London-based oil and gas company operating in Ukraine - Resumes production in Ukraine. Says its assets and operations in the country are secure. Adds it is monitoring the situation daily and taking action to ensure the safety and essential needs of its employees.

Read more
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.

Read more
11 Jan 2022 21:35

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

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

Read more
1 Oct 2021 11:19

IN BRIEF: Cadogan Petroleum sells Cypriot subsidiary to Actio Law Firm

IN BRIEF: Cadogan Petroleum sells Cypriot subsidiary to Actio Law Firm

Read more
9 Sep 2021 18:16

TRADING UPDATES: Cohort gets contract extension; IQGeo wins new deal

TRADING UPDATES: Cohort gets contract extension; IQGeo wins new deal

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.