logo-loader
viewCadogan Petroleum Plc

Cadogan Petroleum anticipating substantial growth in production

Guido Michelotti, chief executive of Cadogan Petroleum Plc (LON:CAD), caught up with Proactive's Andrew Scott following the release of their 2017 results.

Cadogan revealed a significant increase in gross profit and narrowing of net losses, thanks to improved oil prices and an upturn in its trading division.

The Ukraine-focused oil and gas firm reported an average realised price of US$41.60 per oil equivalent barrel, up from US$34.5 per barrel in the preceding year.

Quick facts: Cadogan Petroleum Plc

Price: 5.09 GBX

LSE:CAD
Market: LSE
Market Cap: £12 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cadogan Petroleum Plc named herein, including the promotion by the Company of Cadogan Petroleum Plc in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Morning Report: Iofina expecting record year-end production

Headlines from the Proactive UK newsroom. Iofina (LON:IOF) expects the iodine price will continue to rise in 2020 after a 20% rise in 2019. Production of iodine over the year will also likely be a record said the extraction specialist with a fifth plant expected to come onstream in Oklahoma...

4 weeks ago

2 min read