Cadogan petroleum

bobbyj_2

Have seen these mentioned on iii and i've been looking into them over the weekend. Briefly they've been a disaster since they floated at 230p due to licence litigations and a not too honest chairman it would appear. All seems a bit different now with a whole new management team and licence issues resolved. They've recently had success with a well which has started producing a fair old amount og gas/oil but i'm more intrigued by the balance sheet and a couple of broker research notes (see below). CAD (ticker symbol) appear to be trading at nearly 100% below their cash value and have no debt. Seriously thinking of buying alot of these, anyone here holding?
At 17p to buy and two brokers with valuations of around 35p and 65p they certainly look interesting:

http://www.cadoganpetroleum.com/cadogan/investor/reports/2010/pres-2010-05-18/pres-2010-05-18.pdf

http://www.hardmanandco.com/Research/monthly/Monthly_July2010.pdf

C_Mababejive

Have you had a good look at VOG and FTO..?

bobbyj_2

no but i will do. The more i look at CAD though the more i see a really interesting value play, been researching again today. Will be in for a few CAD tomorrow, i'll take a look at your 2 as well cheers.

Jonbvn

This wouldn't be ramping would it???

bobbyj_2

moron^

Factual information presented, try reading and engaging micro brain before opening big silly mouth :-)

Also try doing a search or two and you may find i've presented some excellent investment opportunities. Have you actually anything constructive to write or are you just a lonely full time troll??