DGAP-News
CASSONA adjusts the investment strategy
DGAP-News: CASSONA SE / Key word(s): Strategic Company Decision
CASSONA adjusts the investment strategy
27.08.2014 / 08:35
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CASSONA adjusts the investment strategy
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).
CASSONA SE
Schubertstr. 14
60325 Frankfurt Main
Germany
ir@cassona.de
www.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.
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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.
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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
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