small oilie but with a nav of 35p compared to share price of 10p..bid rumours of 50p a share.

http://www.investegate.co.uk/Article.aspx?id=200910131646447136A

after close rns - GL

Sold out at a loss...what was to be a quick buck turned out to be a quick disaster...%^&*($----..... ....should have gone to spec savers....euhh...sorry,.. listened to Cynic ...

sorry to hear that RF, but i am afraid this is the prob with all these amoeba companies and especially oilies ...... don't feel like the lone ranger as i suspect there are many who jumped into CSH, CHAR, ENEG et al, who have been similarly battered

Don't keep on cynic!!!! lol i'm in the same boat but can afford to wait as only very small investments.

My plan was to jump in at the start yesterday as I knew it was going to shoot up ...keep them for an hour or so and out, but I made the mistake of catching a falling knife : always hurts...my own fault...doing well on plenty of others at the moment...will learn from this ...

I haven't got your e-mail Cynic, was it important??

BB ..... thank goodness you only have a small stake at risk ...... it would even go against my nature to wish that certain unmentionable backers of these stocks have been well and truly mullahed

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e-mail not important at all - merely comment and observation ..... it's strange, but had this prob reaching you before, though have sent via this strange MAM system ..... do you get other stuff from MAM that way? ..... perhaps try sending me one

you may not have timed your entry well RF but it was probably a mistake to sell-out. Whilst I agree with cynic about PI's getting burnt and the MM's are expert at this (how many bought GKP at 109p yesterday) if you hold-on long enough with such an illiquid stock such as this then at some point down the road it will probably have another massive day rise.

I nearly pulled it off.... anyway....on to pastures new...Perhaps but I still don't understand the finance-assets situation here...what are they doing now ?..pulling out..drilling ?, producing ?,..... an update on this bizarre situation here would help, plus litigation never helps an sp...

... like today?

i bought just before this went up dramatically - sold half at near the peak thinking i was being clever - wish i sold the lot now at near peak price!! as cynic says above mms have a giraffe at pi expense i will leave the half i have left for another pay day when hopefully it will shoot up again - GL all

good news out... RNS Number : 8662A Cadogan Petroleum PLC 15 October 2009  15 October 2009 Cadogan Petroleum PLC ("Cadogan" or the "Company") GPS Settlement Agreement Cadogan announces that it has resolved the disputes that existed between the Company and Global Process Systems LLC ("GPS") concerning contracts for the fabrication and delivery of two gas treatment plants for a total purchase price of US$54.5 million. The key commercial terms of the settlement provide for GPS exclusively to market the plants for a 10 month period and, if a sale is achieved, for Cadogan to receive in stage payments an aggregate cash consideration of US$38.5 million. If the plants are not sold within this period, then GPS has agreed to take the plants to stock and Cadogan will receive in stage payments an aggregate cash consideration of US$37.5 million. The settlement also provides for the release by GPS of a US$11 million contractual claim against Cadogan for what would otherwise have been the balance of the consideration for the plants. Cadogan continues to pursue claims against all the other parties to the litigation, commenced by Cadogan in London, which has been the subject of previous announcements by the Company. Enquiries: Cadogan Petroleum +44 20 7245 0801 Ian Baron Stefan Bort Pelham PR James Henderson +44 20 7337 1501 E

Yes but there are too many shares around. You can almost buy anything you want

Main market stock....isable....this is a puzzler, is this one...if they could sort out this litigation and get on with drilling again...investors might come back...me included...but at the moment we need these matters to be cleared up.

good question rr - imo from research and general attitude of news esp. licenses granted i think they will sell off x% & then restart drilling again - happy to be corrected - at this price about as safe as you can get with any share - GL

from another bb ref whos next to pay up......'Here's the list 1) Cadogan Petroleum Plc (2) Cadogan Petroleum Holdings Ltd (3) LLC Astroinvest-Ukraine (4) US Enco Ukraine Claimants - and - (1) Mark Tolley (2) Marksman International Ltd (3) Natural Resource Ltd (4) Vasyl Vivcharyk (5) VPV Oil Investments LLC (6) Smith Eurasia Ltd (7) Vladimir Shlimak (8) SonicGauge Inc (9) Global Process Systems LLC (10) Global Process Systems Inc (11) Clint Elgar (12) Anthony Wright (13) Wayne Goranson (14) AOE Energy Inc (15) Philip March still a few bob to come in from court cases......'

from another bb : 'well I never knew they had so many cases pending, if cad only average 2m from each case thats an extra 30m or so, add that to the 38m we have in the bank and the 24m due to be paid for the gas plants, deduct the 12m operating costs for the next 2 years thats leaves us with 80m which equates to just over 34p per share. This is all without assets and equipment and as Stephan Bort told me CAD would rather have the licenses than the 81m cad were disputing in court in the ukraine, so the licenses must be worth in excess of 81m so if we are patient we should do well out of this imo'

imo jigsaw is coming together nicely now - will be worth imo anywhere between 30p & 1 / share - some have said more

thanks gibby, there is a silver lining then, just remains to see when..

yep i reckon - this one testing my patience though - but i'll stick it out!! cheers

Another one that I got into at the wrong time..ah well, live and learn. gl