Carpathian Resources (CPN)

Shares / Stock Code

CPN

Stock Exchange / Sharemarket

Australian Securities Exchange

Carpathian Resources (CPN) is an oil and gas exploration and production company with interests in central Europe, particularly the Czech Republic and Slovakia. CPN has three significant projects, Janovice, Roznov and Morava oil and/or gas fields, all of which are in the Czech Republic. The company is listed on the ASX and the AIM market of the London Stock Exchange (AIM code: CPNR). Its head office is situated in Perth, and it has an operations office in Ostrava, Czech Republic.

The Company operates in three segments. Gas production and exploration segment has a producing gas well along with exploration rights to certain areas within Europe. The major product is the production of gas. The convenience store and retail gasoline sales operation is a segment that operates two convenience stores with gasoline sales in the United States. The other segment consists of a mobile advertising franchise and an eyewear lens distributor in the United States. Its holds interest in various projects, such as Janovice gas field, the Morava project, the Mosnov permit and the Roznov project. The Company acquired a satellite and cable television company, MDU Communications International, Inc. in March 2009. It also acquired approximately 70% of a small prescription eyewear lens distributor in May 2009.

Carpathian Resources (CPN) has a significant pool of exploration and development investors from both Australia and Europe. The Roznov project is likely to be the cornerstone project for the company's future in the Czech Republic. The area has numerous producing oil and gas fields. CPN has permits that cover an area of prospective sediments with trapping mechanisms on a faulted margin. Most oil is sold into global spot markets, whilst gas is typically sold under long-term contract arrangements with utilities, large industrial users and steel plants. Key competitors include BHP, Rio Tinto, Bounty Oil & Gas (BUY) and CH4 Gas Ltd (CHX).

Carpathian Resources (CPN) Products and Services

  • Oil and Gas exploration and production in Europe
  • Investments in start-up or second stage financing opportunities

Carpathian Resources (CPN) Locations and Subsidiaries

Carpathian Resources Head Office
821 Pacific Highway, Tower A Level 20, Zenith Centre,
CHATSWOOD, NSW 2067

Phone: 02 9410 9294
Fax: 02 8448 2010

Carpathian Resources (CPN) Share Price

Submitted by ASX Listed Company on 6 March, 2010 - 07:25

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