CASSONA SE
CASSONA SE: CASSONA temporarily on hold
CASSONA SE / Key word(s): Miscellaneous CASSONA temporarily on hold The share trading of CASSONA is temporarily interrupted. CASSONA starts the horizontal drilling on its oil property in Alberta and expects a humongous success of the drilling and thus strong stock market speculations. Frankfurt (2 December 2014) – CASSONA SE (COE) starts with the horizontal drilling on the oil property in Alberta and expects outstanding drilling successes. Against the market situation, despite of the historically deep oil pricing and the drastically reduced oil production activities in Canada, CASSONA expects even to multiply its oil production with this additional drilling. The new drilling rig is already placed on the oil property and the main drilling is about to start now. The company expects that the outstanding valuation of this drilling alone could already influence the market capitalisation significantly. “Since several months the stock price of CASSONA remained fairly stable. If we now different from all our competitors of the industry multiply our production volumes, while the others are reducing production or even are putting whole production areas on ice, we will inevitably face a re-evaluation of CASSONA at the stock exchange. This applies all the more if we prove the outstanding oil resources we currently set into production,” states the management of CASSONA. “To help absorb preceding stock market speculations we appreciate that our shares are temporarily not traded, until we have fully informed the market with new audited numbers.” CASSONA’s shares are temporarily not traded until the reports are fully certified by the corporate auditors and published by CASSONA and all other conditions of the stock market are fulfilled. CASSONA is an investment corporation for targets of the business sectors natural resources, mining and 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 This announcement contains forward-looking statements that are based on current assumptions and forecasts of the management of CASSONA SE. Known and unknown 02.12.2014 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 |
301443 02.12.2014 |