REG-Cadogan Petroleum: Bitlyanska exploration license

Cadogan Energy SolutionsAnnouncement

30/12/2019 10:20

Press Release
                                                                                                                                  
30 December 2019

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

Cadogan Petroleum Plc

(“Cadogan” or the “Company”)

Bitlyanska exploration license

Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas
company listed on the main market of the London Stock Exchange, announces that
the Bitlyanska exploration license expired on the 23(rd) December.

During the license validity term, the Company has fully fulfilled the work
programme and obligations without any breach. The application for a 20-year
exploration and production license was filed in due time and is progressing
positively; all required intermediate approvals, including that of the
regional Council of L’viv, had been secured in due time.

Further announcements will follow in due course.

ENDS

About

Cadogan is an independent, diversified oil and gas company, which operates
exploration and production licenses in Western Ukraine, conducts gas trading
operations, and provides services to E&P companies.

For further information, please contact:

Cadogan Petroleum plc
Fady Khallouf                    Chief Executive
Officer                  fady.khallouf@cadoganpetroleum.com
Ben Harber                         Company Secretary
                        +44 0207 264 4366

Cantor Fitzgerald Europe, Broker to Cadogan Petroleum plc

David
Porter                                                                                      
+44 (0) 20 7894 7000



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