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21 Feb 2013 10:21

Cadogan: New exploration potential discovered on multiple licences

Oil and gas exploration company Cadogan Petroleum has identified new and economically viable exploration and production potential at most of its existing licences, an operational update has shown. The company, which has onshore gas and condensate assets in the Ukraine, reported that it had applied

31 Aug 2012 08:58

Cadogan Petroleum production falls

Declining production and growing losses have seen Ukraine-focused oil and gas company Cadogan Petroleum fall sharply in Friday morning trading. The group has announced losses for the six months to the end of June of $7.1m, worse than the $5.8m seen in the same period of the previous year. Resource

30 Apr 2012 10:32

Resource stocks round-up: ZincOx, Cadogan, Afferro...

ZincOx Resources says the initial production test at its Korean recycling plant saw production ramped up to 50% of capacity and produced zinc concentrate and direct reduced iron. The operation of the final piece of equipment, the hot briquetting machine, will occur during the next test run. While o

19 Mar 2012 08:59

Resource stocks round-up: Beacon Hill, Trap Oil, Magnolia

Mozambican coal producer Beacon Hill Resources has signed a strategic marketing partnership with Vitol Group, the world's largest energy trading company. Vitol will act as agent to market export coal produced by Beacon Hill's Minas Moatize mine. Trap Oil, the independent North Sea oil & gas explora

12 Oct 2011 08:53

Cadogan tumbles after drilling disappointment

Ukraine-focused oil and gas firm Cadogan Petroleum lost almost 30% of its market value on Wednesday morning after giving an update on the ongoing drilling and well testing programme on the Pokrovska and Zagoryanska gas fields in eastern Ukraine. Logging of the Pokrovska 1 well indicated it to be w

25 Aug 2011 08:28

Cadogen eyes sea change in prospects

Ukraine-focused oil and gas firm Cadogan Petroleum fell into the red in the first half of the year but hailed a 'transformation' in the company's prospects. In the six months to the end of June 2011 Cadogan posted a loss before tax of £3.8 million, compared with a £0.4m profit the year before. But

25 May 2011 17:18

Cadogan bosses buy shares

Chief executive Ian Baron and finance boss Gordon Stein have been upping their stakes in oil and gas group Cadogan Petroleum. Baron took 150,000 shares at 42.25p a time, paying a total of £63,375, and now has 650,000. Stein took 68,685 shares at 43p a pop, taking his holding to 193,685. Cadogan s

17 May 2011 11:49

'Good progress' on Cadogen oil deal

Independent oil and gas company Cadogan Petroleum, said good progress has been made in plans to sell large stakes in its East Ukrainian operations. In April the firm announced plans to sell a 60% interest in its Zagoryanska field and an initial 30% interest in the Pokrovskoe field to Italian energy

27 Apr 2011 12:40

Cadogan Petroleum moves into profit

Cadogan Petroleum moved back into profit in 2010, a year which saw its shareholders gave it a mandate to pursue operations in Ukraine. The oil group said it is well placed to develop its assets more aggressively. Pre-tax profits for the year totalled £531,000, against a deficit of £107.2m the previ

13 Apr 2011 11:14

Cadogan in Ukraine partnership with ENI

Oil and gas explorer Cadogan Petroleum has reached an agreement with ENI for the Italian oil major to acquire interests in two of Cadogan's eastern Ukrainian licences. Eni will initially acquire a 30% interest in the Pokrovskoe licence, with the option to acquire a further 30% interest in the futur

18 Oct 2010 08:07

Cadogan's Ukraine deal rubber stamped by court

Oil and gas explorer Cadogan Petroleum has had last month's settlement of a long-running dispute with Ukraine formally approved by the courts there. The Higher Administrative Court of Ukraine rubber stamped the terms of the settlement agreement announced in September with state-owned NSJC Nadra Ukr

30 Jun 2010 15:56

London close: Flat finish

A jumpy start on Wall Street did nothing to steady a volatile Footsie, but despite all the fluctuations the leading index finished hardly changed on the day. London lost 272 points in June, the third monthly decline in a row, and traded a range of well over 400 points. Miners ENRC, Kazakhmys and A

30 Jun 2010 14:15

London afternoon: Miners spoil the party

The Footsie turned south over the lunch time session as traders took note of the US stock futures market which indicates US markets will open mixed and miners took a turn for the worse. Anglo-Swedish drugs giant AstraZeneca is still the best performer after it received a favourable US ruling in it

30 Jun 2010 12:52

Cadogan says potential bidder has withdrawn

A take-over looks off the cards for the moment at Cadogan Petroleum as the company confirmed that the bid approach it announced on 4 June has led to nothing. The company revealed on 4 June that an unnamed party had approached the board with a proposal to take a 51% stake in the oil and gas firm at

30 Jun 2010 08:28

Cadogan Petroleum Potential Offer Withdrawn, No Longer In Offer Period

LONDON (Dow Jones)--Cadogan Petroleum PLC (CAD.LN), an independent oil and gas exploration, development and production company with onshore gas and condensate assets in Ukraine, said Wednesday it has been notified that the proposal contemplating a partial offer for the Company's shares has been with

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