Member Info for Coldspy

All blue mate this is just the start

Its been 8 minutes

9.30am I reckon close to 100% up today. Let's see GLA

Good to see you here Hobione

Is it today's trade? For the challenge

Or personal trade :)

:12

RNS RNS RNS RNS RNS 

Cadogan Petroleum Plc

(“Cadogan” or the “Company”)

Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, is pleased to announce that the Blazh-10 well has encountered 207 meters of the Yamna target formation, at a depth 50 meters higher than prognosis and in the predicted sub vertical setting.

Cores taken from the upper part of the Yamna and a preliminary interpretation of the open hole logs suggest that the entire Yamna section could potentially be oil bearing. The well is being conditioned to run and cement a 7” casing, which will be followed by well testing. Full log interpretation and testing results will determine the net pay and the expected deliverability of the well. Further updates will be provided in due course.

The well reached its TD of 3394 m at a cost which was 10% higher than budgeted due to severe hole instability challenges which were experienced while drilling.

The Blazh-10 well is located in the Company’s Monastyretska license, in the west of Ukraine near the border with Poland. The Yamna sandstones is the producing formation for the Company’s three existing wells on the license.

Guido Michelotti, Cadogan Petroleum CEO, commented:

“The initial results of Blazh-10 are encouraging; we look forward to testing the well and providing further updates on progress. The well is a testimony to Cadogan’s operational excellence and creates a local benchmark as it has been drilled in about a fifth of the time taken to drill the fastest of the nearby wells and some 10% of their average time”.

-ENDS-

Massive buying pressure

Great start and all blue

All these quiet people buying eh

Kezzman, looking for cheap entry? Lol

Just quietly buy mate, no need to say anything.

Let's see how many hit a bigger rise today then we'll talk about if you stopped people making a profit here

Wilfred

207m oil column

Its massive that's all I'll say. Whatever you think this years largest oil find is worth on our markets

After so many dusters elsewhere its a gift to get in under cash level. Re-rate will happen now

25-30p possible today imo

You mean it went from 15m mcap to 26m mcap. Although company has $43m in cash alone..

Wouldn't worry about where its coming from (severely undervalued)

Should be at 75m mcap with cash and producing assets. But let's just say 50m to be conservative

Looking good pre-market

100% by 10am I reckon

Lol who said RNS logged for sure. Charts looking decent for an entry here but waiting for cash position to clear up

Personally I've accidentally bought/sold 1 share when checking the price in the past

Talking of RNS, anyone see the late release over at CAD. 4.09pm so missed by most. Thank me later ;)

Also tightly held shares so if you can buy under 14p or so you should see a very fast profit.

Hope it re-rates steadily. Don't want any spikes. Hugely undervalued here

CAD RNS

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CAD/14034838.html

RNS RNS RNS RNS RNS

Cadogan Petroleum Plc

(“Cadogan” or the “Company”)

Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, is pleased to announce that the Blazh-10 well has encountered 207 meters of the Yamna target formation, at a depth 50 meters higher than prognosis and in the predicted sub vertical setting.

Cores taken from the upper part of the Yamna and a preliminary interpretation of the open hole logs suggest that the entire Yamna section could potentially be oil bearing. The well is being conditioned to run and cement a 7” casing, which will be followed by well testing. Full log interpretation and testing results will determine the net pay and the expected deliverability of the well. Further updates will be provided in due course.

The well reached its TD of 3394 m at a cost which was 10% higher than budgeted due to severe hole instability challenges which were experienced while drilling.

The Blazh-10 well is located in the Company’s Monastyretska license, in the west of Ukraine near the border with Poland. The Yamna sandstones is the producing formation for the Company’s three existing wells on the license.

Guido Michelotti, Cadogan Petroleum CEO, commented:

“The initial results of Blazh-10 are encouraging; we look forward to testing the well and providing further updates on progress. The well is a testimony to Cadogan’s operational excellence and creates a local benchmark as it has been drilled in about a fifth of the time taken to drill the fastest of the nearby wells and some 10% of their average time”.

-ENDS-

https://twitter.com/KKhan52065651/status/1115853764701970432?s=19

207m column of oil is what, 2/3s of the height of The Shard in London. The Yamna target is already producing so much more likely to flow, have good porosity, etc.

Just imagine, its the biggest oil strike of the year so far. After so many dusters..

If this was in Alaska, 88E or RMP or PANR, you'd be looking at £200m Mcap

CAD has $43.1m dollars in cash (market cap £26m)

100% today should be just for starters. Then a proper re-rate like RPT. Amassing some serious cash now

https://twitter.com/AfzalValli/status/1115852226021482496?s=19

207 metres net oil pay

RNS RNS RNS released at 4.09pm

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CAD/14034838.html

I think LSE are having issues

They RNS'd it.

That's why many have missed it and will pile in first thing.

Cash position alone is worth 20p per share here. CAD is under the radar

RNS RNS RNS

Massive Oil Column

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CAD/14034838.html

Lol CAD needs to rise almost another 100% just to be level with cash

Then count the massive hit today, the other producing wells and rest of the business.

Massive Massive result today, could hit 25-30p tomorrow easily. Shares tightly held.

Get in under 20p in the morning and you should see minimum 50-100% imo.

DYOR

What goes up must come down

Except it hasn't gone up properly yet :)

Massively undervalued, THS123 do you know the cash position of CAD ?

Someone got the heads up early this afternoon ;)