CASSONA SE
CASSONA adjusts the investment strategy
CASSONA SE / Key word(s): Strategic Company Decision CASSONA primarily focuses on productive oil and gas properties. The new oil property the company is acquiring is successfully in production since August 18. CASSONA evaluates the oil reserves in North Canada to provide the most exciting growth perspectives. Frankfurt (27 August 2014) – CASSONA SE (COE) adjusts the investment strategy from selecting diverse projects of different industrial sectors to focus mainly on active properties in the business sector oil & gas. CASSONA is successfully producing crude oil in Alberta in Canada since January 2014. The company continues to select additional oil properties in the region as well as it is intensifying the production on the oil properties already acquired. “For the time being we prefer that CASSONA only invests in oil properties, which already have an active production and thus the oil resources are proven”, a company spokesperson is stated. “We have announced that we are acquiring the additional oil property in Alberta, and at the same time we have to make sure that on the new property the oil production starts successfully.” Since August 18, 2014 the new oil property is in production with initial volumes on the pilot well of more than 250 barrels per day. This makes the property highly attractive as well for third-party investors, supporting the company’s decision to follow the most promising growth strategy. CASSONA continues to select further properties in Alberta to successfully develop the asset base of Canadian oil & gas investments. CASSONA is an investment company for targets of the business sector oil & gas and related infrastructure. CASSONA is a European corporation with domicile in Frankfurt Main. The shares are listed at the regulated market of GXG Markets and they are traded at the Open Market of Frankfurt Stock Exchange FWB and at Berlin Stock Exchange (ISIN DE000A1C6T63). ir@cassona.de This announcement contains forward-looking statements that are based on current assumptions and forecasts of the management of CASSONA SE. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our company. The company assumes no liability to update these forward-looking statements or to conform them to future events or developments. (c) 2014 CASSONA SE is a European corporation in the legal form societas europaea (SE) with headquarters in Frankfurt am Main, country of origin Germany and first quotation at the Danish stock exchange GXG Markets A/S in the EU regulated market segment GXG Official List. 27.08.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | CASSONA SE | |
Schubertstrasse 14 | ||
60325 Frankfurt | ||
Germany | ||
Phone: | 030 6150 82 151 | |
Fax: | 030 6150 82 152 | |
E-mail: | info@cassona.de | |
Internet: | www.cassona.de | |
ISIN: | DE000A1C6T63 | |
WKN: | A1C6T6 | |
Listed: | Freiverkehr in Berlin; Frankfurt in Open Market ; GXG | |
End of News | DGAP News-Service |
284048 27.08.2014 |