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As of 11:17 AM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

cassona se (COE) Snapshot

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09/23/14 - €49.39
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11/15/13 - €28.00
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cassona se (COE) Details

Cassona SE invests, holds, and develops participations in other companies. The company primarily invests in companies with licenses and concessions in oil and gas properties located in Canada and internationally, as well as related logistics, supply networks, and pipe lines. It also invests in other infrastructure projects, such as airports, water and energy supply, or communication networks, as well as in iron and steel processing projects. The company was incorporated in 2010 and is based in Frankfurt am Main, Germany.

Founded in 2010

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cassona se (COE) Key Developments

Cassona SE Reports Audited Earnings Results for the Year Ended December 31, 2013

Cassona SE reported audited earnings results for the year ended December 31, 2013. For the period, the company reported operating loss of EUR 227,189.29 compared to EUR 175,021.60 a year ago. Net operating loss was EUR 222,910.47 compared to EUR 150,102.50 a year ago. Net loss for the year was EUR 222,910.47 compared to EUR 150,133.20 a year ago. Diluted loss per share was EUR 0.07 compared to EUR 0.04 a year ago.

Cassona SE Informs Surprise Successes of Its Crude Oil Production in Canada

Cassona SE announced that in addition to the significant reserves of light oil, which have been proven on its oil property, surprisingly in higher rock layers heavy oil has been found as well. Since beginning of January CASSONA produces high qualified light oil from a depth of about 1'300 meters. In Central North Alberta this soil layer is called Slave Point Formation, and describes extensive marine carbonate deposits from the middle Devonian in age of about 380 million to 400 million years ago. The light oil produced out of these sediments possesses a particularly high quality, contains only a small fraction of water and other impurities and obtains market prices of up to USD 95 per barrel. Since 6 January 2014 the company produced on the first well between 220 and 270 barrel per day. Above the light oil deposits in a depth of about 400 meters now further deposits of heavy oil have been proven. The size of these deposits might be twice as large. Further investments are considered in the infrastructure, which might be of use as well for the surrounding oil properties.

CASSONA SE Elects Guido Quadri as Chairman of the Board of Directors

CASSONA SE announced the appointment of Guido Quadri is the new Chairman of the Board of Directors of on the annual general meeting of December 3, 2013. As the Executive Director Quadri simultaneously is in charge of the operative business of CASSONA together with the Financial Director and CFO Thomas Baumgartner. Quadri's term ends with the annual general meeting in 2016.


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