(Alliance News) - Cadogan Energy Solutions PLC on Monday said it swung to a loss in 2024, as the ongoing war in Ukraine continued to weigh heavily on operations, despite higher revenue and a pivot toward electricity generation. Read More
Cadogan Energy Solutions PLC - Ukraine and Italy-focused oil and gas company - Says it has not been able to publish its 2023 annual results. Explains that delays are "due to continuing challenges in Ukraine." As a result, shares suspended. Expects to publish 2023 results in early May and will request restoration of shares at that time. Read More
(Alliance News) - Cadogan Energy Solutions PLC on Monday said Chair Jacques Mahaux has resigned, after just four months in the role. Read More
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
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
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
(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
(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
(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
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
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
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
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
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
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