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Cadogan Petroleum anticipating substantial growth in production

Guido Michelotti, chief executive of Cadogan Petroleum Plc (LON:CAD), caught up with Proactive's Andrew Scott following the release of their 2017 results.

Cadogan revealed a significant increase in gross profit and narrowing of net losses, thanks to improved oil prices and an upturn in its trading division.

The Ukraine-focused oil and gas firm reported an average realised price of US$41.60 per oil equivalent barrel, up from US$34.5 per barrel in the preceding year.

Quick facts: Cadogan Petroleum PLC

Price: 2.75 GBX

LSE:CAD
Market: LSE
Market Cap: £6.1 m
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