REG-Cadogan Petroleum: Director Update

Cadogan Energy SolutionsAnnouncement

19/11/2019 16:20

Press Release
                                                                                                  
19 November 2019

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

Cadogan Petroleum Plc

(“Cadogan” or the “Company”)

Board Changes

Further to the Company’s announcement made on 15 November 2019, the Company
confirms that Fady Khallouf, Lilia Jolibois and Jacques Mahaux have been
appointed to the Board as CEO, Independent Non-Executive Director and
Non-Executive Director, respectively.

In accordance with LR 9.6.13 of the Listing Rules it is disclosed that Fady
Khallouf has previously held the positions of CEO and CFO of Futuren S.A.
(Renewable Energy, listed on Euronext Paris) until 31 December 2017, where he
achieved the restructuring and the turnaround of the group. Fady has 35 years
experience in the energy, the environment, the engineering and the
infrastructure sectors.

Prior to that, he was the CEO of Tecnimont group (Petrochemicals and Oil &
Gas), the Vice-President Strategy and Development of EDISON group (Electricity
and Gas, E&P), the Head of M&A of EDF group (Energy). Fady Khallouf had
beforehand held various management positions at ENGIE (Energy), Suez
(Environmental Services), and DUMEZ (Construction and Infrastructures).

Lilia Jolibois is currently a member of four Boards: Futuren S.A., INSEAD,
CARA (UK and Wales), and Aster Fab. Her career spans Merrill Lynch Investment
Banking, Sara Lee, and Lafarge in the USA and Europe. At Lafarge Group, Ms.
Jolibois served in numerous positions in finance, strategy, business
development, and  CEO and Chair of the Board for Lafarge Cement and Gypsum in
Ukraine, and SVP and Chief Marketing-Sales-Supply Chain Officer for Lafarge
Aggregates, Asphalt & Paving.

Jacques Mahaux has held various executive and directorship positions in Group
Crédit Agricole in Luxembourg, CA Indosuez, Indosuez Bank and various
Luxembourg and Swiss Holding companies active in industrial sectors.
Previously he acted as an Attorney at Law at the Brussels Bar. He is currently
a Supervisory Board member of ETAM SCA.

There are no additional details to disclose under this Listing Rule
provision.

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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