Cadogan commences production at Zagoryanske 3

Cadogan Petroleum (LSE: CAD LN) announced yesterday that it began commercial production at its Zagoryanske 3 well, as planned, on budget and on schedule. The well was drilled to a total depth of 5,110 m in 2009. Analysis by the Ukrainian State Geological Exploration Institute indicates the well could average 35 mcm/day of gas and 15 mt/day of condensate. Cadogan said that after stable production, further analysis will determine whether higher flow rates could be sustained.