Cadogan Petroleum plc - link to home page

Overview

Cadogan is an independent oil and gas exploration, development and production company with a diversified portfolio of onshore gas and condensate assets in Ukraine. The Group has built a portfolio of assets through a series of acquisitions, the first of which was in December 2005. The Group currently has significant working interests in 8 licence areas covering 14 fields in Ukraine with a combined area of approximately 1150 km2.

The Group's assets are located in two of the three proven hydrocarbon basins in Ukraine, the Dnieper-Donets basin and the Carpathian basin. The Dnieper-Donets basin is the major oil and gas producing region of Ukraine accounting for approximately 90 per cent. of Ukrainian production from over 120 oil and gas fields. The Carpathian basin is one of the largest petroleum provinces in Central Europe.

The Group classifies its assets into Major Fields, being those assets containing greater than 40 million barrels of oil equivalent ("MMboe") of reserves, contingent resources or prospective resources, and Minor Fields, being those containing less than 40 MMboe of reserves, contingent resources or prospective resources. The Group is headquartered in Kiev and supported by operational offices in eastern and western Ukraine together with a representative office in London.