Cadogan reaches agreement with GPS for gas plant purchase

Share

• Copy link
• Facebook
• X
• Linkedin
• Whatsapp
• Pinterest

Share this article

Join the conversation

Follow us

Add us as a preferred source on Google

Newsletter

Get the MoneyWeek Newsletter

Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors

---

By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.

You are now subscribed

Your newsletter sign-up was successful

---

Want to add more newsletters?

Twice daily

MoneyWeek

Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Signup +

Four times a week

Look After My Bills

Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!

Signup +

---

An account already exists for this email address, please log in.

Subscribe to our newsletter

Cadogan Petroleum and Global Process Systems (GPS) have reached an agreement concerning the purchase of two gas processing plants by GPS for 29.5m dollars.

Upon Cadogan's receipt of the sale price, the agreement will represent a full and final settlement of all claims and liabilities between them.

The company said that the agreement had been reached on a commercial basis and upon completion, expected to occur by April 17th 2013, will enable both parties to bring the matter to a close without the need for further lengthy legal proceedings.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Cadogan is an independent oil and gas exploration, development and production company with onshore gas and condensate assets in the Ukraine.

Its share price was up 13.27% to 16p at 08:35 on Tuesday.

MF