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.