1、ANNUAL FINANCIAL REPORT2020Cadogan Petroleum plc is an independent oil and gas exploration,development and production company with onshore gas,condensate and oil assets in Ukraine.OVERVIEWSummary of 2020 01Group Overview 02STRATEGIC REPORT 04Chairmans Statement 04Chief Executives Review 05Operations
2、 Review 07Financial Review 08Risks and Uncertainties 10Summary of Reserves and Resources 13Corporate Responsibility 14CORPORATE GOVERNANCEBoard of Directors 16Report of the Directors 17Corporate Governance Statement 21Board Committee Reports 24Annual Report on Remuneration 2020 30FINANCIAL STATEMENT
3、SStatement of Directors Responsibilities 45Independent Auditors Report 46Financial Statements of Cadogan Petroleum plc Consolidated Income Statement 53 Consolidated Statement of Comprehensive Income 54 Consolidated Balance Sheet 55 Consolidated Cash Flow Statement 56 Consolidated Statement of Change
4、s in Equity 57 Notes to the Consolidated Financial Statements 58 Company Balance Sheet 81 Company Cash Flow Statement 82 Company Statement of Changes in Equity 83 Notes to the Company Financial Statements 84GLOSSARY 87SHAREHOLDER INFORMATION 88OVERVIEWSTRATEGIC REPORTCORPORATE GOVERNANCEREMUNERATION
5、 REPORTFINANCIAL STATEMENTSGLOSSARYSHAREHOLDER INFORMATIONCadogan Petroleum plc Annual financial report 202001Key Financial Highlights of 2020:Loss for the year:$1.0 million(2019:loss of$2.1 million)Average realized price:$32.9/boe(2019:$47.2/boe)Gross revenues1:$5.1 million(2019:$5.9 million)G&A2:$
6、3.8 million(2019:$5.7 million)Loss per share:0.4 cents(2019:loss of 0.9 cents)Cash at year end:$13.3 million(2019:$12.8 million)Key Operational Highlights of 2020:Production:106,398 bbl(2019:104,816 boe),a 1.5%increase year-on-year Gas trading profit of$0.6 million(2019:loss of$2.0 million)Services