REG-Cadogan Energy Solutions Plc: Extension of Leases

Cadogan Energy SolutionsAnnouncement

27/04/2023 07:15

Press Release
                                                                                                       
              27 April 2023

This announcement contains inside information as defined under the Market
Abuse Regulations n. 596/2014

Cadogan Energy Solutions Plc

(“Cadogan” or the “Company”)

Cadogan Energy Solutions plc (“Cadogan”), the London Stock Exchange listed
independent energy company is pleased to provide the following update.

PJSC Ukrnafta, the largest oil company in Ukraine, and Cadogan have signed the
extension of Blazhiv-3 and Blazhiv-Monastyrets-3 wells lease contracts for a
5-year period. The signature of this lease extension ahead the expiry period
will allow to avoid a production stoppage and to secure profit inflows for
both parties during this unprecedented, severe and challenging context which
Ukraine is facing now.

This was possible thanks to the solid professional cooperation between the
parties during the past term and the proactive and constructive approach of
PJSC Ukrnafta under the leadership of its management during the extension
award process.

ENDS

About

Cadogan is an independent, energy company, which operates an exploration and
production license in Western Ukraine, conducts gas trading operations, and
provides services to E&P companies. The aim of the Company is to be a
diversified energy group making investments offering energy solutions and
alternative services with a lower environmental impact.

For further information, please contact:

Cadogan Energy Solutions plc
Fady Khallouf                 Chief Executive
Officer                 f.khallouf@cadogan-es.com
Ben Harber                       Company Secretary
                      +44 0207 264 4366



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