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

Oil drilling update any moment now....could go either way...but the sp is still incredibly low....whether my punt will come right or not is guesswork but at the moment I'm up but the spread is horrendous !.

I managed to sell these through selftrade but can't sell online through Hoodless so I hope they continue up!!

Read todays RNS..

all looks pretty bleak to me

Surprise me..!

Just bailed out before sp plunge...made a nice little profit...might be back when things settle down a little .....the spread is nuts !.

well mitzy, i hope you took my advice and at least top-sliced yesterday.
imo, this has always been a mug's punt as the stock is hopelessly illiquid and the spread always ridiculous

The time to get in was when the sp was around 12p....not 16 or 18p....this might rise tomorrow but who knows ?, they do have capital, but if they exit Ukraine, that will be eaten into....anyway I've made a nice little earner in the words of "Arthur Daley" !

when the spread is always around 20/25% it makes no sense at all to put money in

I'll tell you what !....I wouldn't do it again...it was a punt like betting on horses !.

Out of this early today with a modest profit and topped up my GKP. Result.

Post on TMF.

Looks like this could take off very soon.

http://boards.fool.co.uk/Message.asp?mid=11541585


.

On the up again today.

Near 15% up now.

L2 is 1 v 2 @ 15/17

Not without risk this stock (plenty of it), but certainly someone is keen to buy some.

Read RNS yet another E & O dud?

If there was a contest for the crappiest update : this one is a good entry....ridiculous stock !.

This looks interesting after todays announcement, i'll take a peek in the morning so long as they don't run away.

I had the finger on the buy button...hesitated at 22p...did not....could curse...blast it !....

Just posted by a very well respected poster on ADVFN
David adams - 12 Oct'09 - 18:39 - 40052 of 40066
"Cadogan noted that while it was actively pursuing a programme to return cash to shareholders, it was also looking at a number of initiatives in Ukraine, including a potential farm-out of some of its assets as well as other strategic relationships."
CAD could return around 42p a share after closing the share premium account and then leave around 6 wells dotted around the Ukraine. Looks about as good a punt as you can get on the market at the moment. Half a dozen wells valued at 0p! Could be argued CAD are worth way way north of 100p.