Brief: Cadogan Petroleum Exits Shale Gas Project In Ukraine

Cadogan Energy Solutions

12/11/2018 10:01

Nov 12 (Reuters) - Cadogan Petroleum PLC  CADP.L :
    * CADOGAN PETROLEUM: EXIT FROM THE SHALE GAS PROJECT IN
UKRAINE
    * SAYS CADOGAN WILL RECEIVE CONSIDERATION OF $1.715 MILLION
FROM
ENI
    * SAYS PRODUCTION OPERATIONS AT CHEREMKHIVSKO-STRUPKIVSKA
REMAIN
SUSPENDED, PENDING WGI RECEIVING RENEWAL OF EXPIRED PRODUCTION
LICENCE
    * SAYS WILL COMMIT NOT TO EXERCISE ITS PRE-EMPTIVE RIGHTS ON
ENI'S
TRANSFER OF ITS WGI'S SHARES TO NADRA UKRAYNY
    * SAYS WILL COMMIT TO TRANSFER ITS OWN SHARES IN WGI TO
NADRA
UKRAYNY FOR A NOMINAL CONSIDERATION

Source text for Eikon:  ID:nPRrC01F7a 
Further company coverage:  CADP.L 

 ((Reuters.Briefs@thomsonreuters.com;))