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Cadogan Petroleum increasing production and pursuing new opportunities

Guido Michelotti, chief executive of Cadogan Petroleum PLC (LON:CAD), says the company has seen increased production at its wells and is reviewing new growth opportunities.

Cadogan is reporting that production had nearly doubled at its  Blazhiv 1 well in West Ukraine.

Having acquired Explo Energy in Italy last year they're now looking at other opportunities in Africa, the Middle East, and Central Asia.

Quick facts: Cadogan Petroleum PLC

Price: 2.75 GBX

LSE:CAD
Market: LSE
Market Cap: £6.71 m
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