Cadogan wants to drill new well in Pokrovske area in summer 2014 » Interfax News Wire :: Russia, Ukraine, Kazakhstan and Central Asia:
"Britain’s Cadogan Petroleum Plc with assets in Ukraine plans to drill a new exploration well in the Pokrovske area (Poltava region) in summer 2014, the company has reported on the London Stock Exchange (LSE).
An evaluation of the current exploration potential in the Pokrovske area has identified five new leads, with one in particular showing considerable potential, reads the report.
In addition, the company is planning work-overs in the Zahorianske and Pirkovske fields (Poltava region) with specialized local contractors in order to eventually start production through existing facilities.
Eni bought 30% of Pokrovskoe Petroleum B.V. and 60% of Zagoryanska Petroleum B.V. (both based in the Netherlands) from Cadogan in 2011. These two companies own licenses to develop the Pokrovske and Zahorianske oil and gas fields in Ukraine’s Dnipro-Donets basin."
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