The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Im out 96.35. I only got 213 anyway. Bit of free cash. with an avg of 6p in pxs I need all the dosh I can get out of the poxy company
my cost is almost £2! bought in at 4p
Jesus, so glad I didnt buy into this a few months ago. Nearly sold my EMEDs when this was 10p as brokers have a £1+ target. Will continue watching this from the sidelines and ready to jump in if things look better later.
who the hell sells 1 share for 19p!?!!?!
Been watching this thinking of getting in. whys this share dived so much, is it just the depressed market or some bad news?
absolutely theft, I bought at 44p! I've Stuck the remainings in KEFI and hope for a 3 bagger again.
what a pile of S#'T!! I should have sold at 80p when I had the chance
what's going on here, I've been watching this for months with no news and was thinking of trading in my RBS for some, but not ontop of a 15% rise already
unlike today, but I expect it to bounce back soon. It's too good to be this low
28.25
27.8 to buy live!
yeah, they are quick to put when out when it rises suddenly causing poor people to lose loads of money when panic selling happens but when it drops ... absolutely nada! This has fallen 66% from it's high.
Is this ever gonna stop falling, what's the reason anyone??! Im in at 43 which I thought was a bargain but this is one hell of a drop.
from the last report - Deepening of the Pokrovskoe 1 well commenced in October 2010 and supported management's revised structural interpretation. The well encountered strong indications of gas during drilling and on the LWD logs over significant sections in the Lower Visean. Due to the onset of winter weather and the complexity of the drilling operations, it was decided to suspend drilling operations at 5,450 metres. An alternative all weather rig has been sourced and commercial negotiations are underway with a view to recommencing drilling operations in the second quarter of 2011.
Ian Baron, Chief Executive Officer commented 'The investment by Eni in two of our Ukrainian assets vindicates the Board's view, not only of the value of these particular assets, but also the scale and substance of the opportunity in the country. We strongly believe that Ukraine offers significant opportunity for Cadogan and Eni, which we can develop through combining the expertise of Cadogan's staff with the resources of a major oil company.' Pokrovskoe and Zagoryanska licences The Pokrovskoe licence area covers 49.5 sq kms and is located in the Dnieper-Donets basin. The licence is approx. 10 kms from the UkrTransGas system. The Group has a 100% working interest in the licence which holds 51.06 mmboe of Prospective Resources. The exploration and development licence runs to August 2011 and negotiations have commenced to extend it. The Zagoryanska licence area covers 49.6 sq kms and is located in the Dnieper-Donets basin. The Group has a 90% working interest in the licence which holds 96.4 mmboe of Contingent Resources. The exploration and development licence runs to August 2014. Copyright 2011, Cadogan. All rights reserved.
19.04.2011 Cadogan Petroleum Farms Out Pokrovskoe, Zagoryanska Licences in East Ukraine to Eni Cadogan Petroleum has reached agreement with Eni for the acquisition of an interest in Cadogan's Pokrovskoe and Zagoryanska licences in the east of Ukraine, the company reported in a news release. Eni will initially acquire a 30% interest in the Pokrovskoe licence, with the option to acquire a further 30% interest in the future. Eni will also acquire a 60% interest in the Zagoryanska licence. The initial consideration will comprise 100% funding of a work programme of approx. $30 million (excluding VAT), including drilling and seismic re-processing, plus a $38 million payment. Subject to successful results from the above programmes and award of production licences, Eni will pay the Company further amounts of up to $90 million. The transaction, which is a class one transaction under the UKLA Listing Rules, is subject to Cadogan shareholder and Ukrainian Anti-Monopoly Commission approval. The Company plans to issue a circular to shareholders in May 2011, giving full details of the proposed transaction and convening a general meeting of the Company prior to mid June 2011. Other Conditions Precedent to completion of the deal include satisfactory conclusion of an internal re-structuring within the Company, no material adverse effects between signature of the agreement and completion and all representations and warranties of the Company and Eni being true at completion. It is planned that the transaction will complete on or around 30 June 2011. The $30 million work programme on Pokrovska will be used to fulfil the work obligations on the licence and will test the potential of the Upper and Lower Visean intervals which had strong indications of hydrocarbons in wells on the licence. The cash proceeds arising from the transaction will be applied to finance any future Zagoryanska work programmes and fund development of the Company's other assets. Additional future cash proceeds from successful operational results and the award of production licences will further strengthen the Company's financial position, enabling it to finance its share of future development activities and to invest in new business opportunities. Cadogan Petroleum's Ukraine licences - including Pokrovskoe and Zagoryanska in the east. Commenting on the proposed transaction Simon Duffy, Chairman, stated 'The announcement of this major transaction signifies a turning point for Cadogan. With Eni as a strategic partner, the Company can more rapidly develop the potential in these licences and can embark on other significant oil and gas opportunities that are present in Ukraine'.
what are we looking at?
directors buys, hence the increase in SP http://moneyam.uk-wire.com/cgi-bin/articles/201102171337274237B.html
http://legalref.judiciary.gov.hk/lrs/common/ju/ju_body.jsp?DIS=74965&AH=&QS= So now we know the reason. Writ issued 26 May same time as AIM Suspension. Well, not sure if we'll see them again, I hope so as I have couple of K in here and would like it back. If they can get their act together with new directors maybe things will happen, but I'm not holiding my breath.
Disposition and costs For the reasons set out above, I dismiss the defendant’s appeal against the summary judgment entered by Master de Souza. I make an order nisi that the defendant pay the costs of the appeal against Master de Souza’s order to the plaintiff, to be taxed if not agreed. 50. As set out in paragraph 8 above, I also dismiss the appeal against the order of Master Lai refusing a stay of execution. Again, I make an order nisi that the defendant pay the costs of the appeal against Master Lai’s order to the plaintiff, to be taxed if not agreed. 51. ( Joseph Fok ) Judge of the Court of First Instance High Court