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Cadogan Petroleum ( (GB:CAD) ) has provided an announcement.
Despite challenges from the ongoing war in Ukraine and attacks on energy infrastructure, Cadogan Energy Solutions reported a 12% increase in oil production in 2024, maintaining operations at the Blazhiv field. The company is advancing its diversification strategy by investing in new power generation projects in Ukraine, expected to be operational by Q3 2025, and has taken steps to enhance environmental sustainability through renewable energy sourcing and emissions reduction initiatives. Additionally, Cadogan settled its litigation over a loan agreement, receiving a payment of 10 million euros, which will impact the 2024 financial accounts with an impairment of the loan value.
More about Cadogan Petroleum
Cadogan Energy Solutions is an independent energy company operating in Western Ukraine, focusing on exploration and production licenses, gas trading, and services to E&P companies. The company is diversifying into power generation projects to provide energy solutions with lower environmental impact.
YTD Price Performance: 8.24%
Average Trading Volume: 691,354
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £11.23M
For an in-depth examination of CAD stock, go to TipRanks’ Stock Analysis page.
