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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.
Current stock price: 1.35 pence
12-month change: down 39%
By Tom Budszus, Alliance News reporter
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