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

Superb day.

very good, just a little more will b/e for me, I bought at the top of last spike.....no surprises there......whats the prognosis for this one then mitz??

yes Balerboy its a freak out with first stop 50p and who knows 100p in 12 months time..?

what a great day - a satisfactory day at the office of cad lol!! kerrchinnngggggarooooo!! been a long wait but who cares about that now - gla

roll on the much hyped (recently too!) 70p+ - 50p should be a walk in the park soon!!! lol

need some more cash for my 5p jjb's if they stay at todays level or more - yeeeeeee haaaaaaaaaaaaaa!!

I need a pee to break even...............lol

Egyptian crisis pushing up oil next stop $110.

meantime Cad is cheap.

Up 10% next stop 40p.

Debt freee and ready to go.

i have been so busy elsewhere not really keeping an eye on cad as sure it will keep heading north - so good news carries on here - did i read somewhere today briefly that they are now talking around 100p for cad or did i dream it! lol
anyhow after the long wait here it is picking up real good
gla

baler 155 above - i am sure you must of had your pee by now - several times over - lol! & kerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnngggggggggggggggggggggggggggggggggggggggggggpeeeeeeeeeeeeeeeeeeeeeeeeeearooooooooooooooooooooooooooooooooooooooo!!!

that applies to rrl also!! yeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaa

It has been on brokermans blogg and so has oilex - you will all probably think "OH SHE'S NOT IS SHE". HA HA!!

lol.. yes ta!! sold out at 42 at mo but holding fast to rrl...gla

Looking great as usual.

Anyone know what's causing the recent surge.

Anyone?

Not me.

Matrix say buy and 112p target.

Break out

nice update though wasted in this dog market. Longer term CAD should be a great recovery play for 230p ipo.

before the stockmarket rout as well:


Buy cadogan Petroleum at 52p
by Lucian Miers, East Londons most feared short seller
You dont have to be a genius right now to notice spot that oilers who ply their trade away from the Middle East are in demand. Choosing the right ones to invest in, however, is not so easy , as the sector varies hugely in quality. Still, I have given it a go and come up with two that I like and believe will reward investors. The larger one I will address next week, the smaller is cadogan Petroleum (CAD), price 52p market cap 120 million)
cadogan, an oil and gas exploration company with assets solely in the Ukraine, was floated in June of 2008 by UBS at 230p in what, with the benefit of hindsight, was one of the most disastrous and ill conceived IPOs of recent times. 145 million was raised, valuing the company at 530 million and an extensive drilling programme was commenced. A matter of weeks later the shares were temporarily suspended as litigation commenced over the ownership of three key licences. A year later the entire executive board departed as allegations of improper use of the companys money surfaced and within two years CADs shares had lost 93% of their value (the low was around 13p in April last year). By then the company had galloped through around 100 million of its cash and announced disappointing drilling results in three of its Eastern Ukraine prospects. It then had to delay the release of its 2009 accounts as the previous year was restated. CAD was another wild east fiasco and its reputation was in tatters.
Recently, however, the situation has improved and the shares have recovered to 52p, a 52 week high (but still only 22% of the 2008 IPO price). The dispute over the licences has been settled in CADs favour: money has been recovered from the former chief executive and $30 million is receivable this year to settle a dispute relating to the sale of two gas plants commissioned by CAD. This is in addition to net cash of 26.4 million on the books in August last year.
CAD is now producing enough gas to cover general and administrative overheads and has a number of opportunities in the pipeline. Ian Barron the Chief Executive who has dug CAD out of its mess on a consultancy basis has signed a proper employment contract and 29% shareholder Shon Invest SA is supportive. I am told that the worst days of attempting to do business in the Ukraine are over and that things are improving out there. If this is,and continues to be the case then cadogans shares should continue their rise. I have bought with a target price of 115p, half the price of the 2008 IPO.
Posted by Lucian Miers on Apr 8, 05:12 PM in Comment

pretty decent source. Cad and ENI on the verge of announcing a very large shale gas project in the Ukraine. Already announced in recent rns they are looking at co-operating on projects. Expect news soon, Chevron may well be involved.