REG-Cadogan Petroleum: Directorate Change

Cadogan Energy SolutionsAnnouncement

18/07/2019 10:05

Press Release 18 July 2019                                                                                             
 This announcement is deemed to contain Inside Information as defined under the Market Abuse Regulations n. 596/2014    

Cadogan Petroleum Plc
(“Cadogan” or the “Company”)

Directorate change

Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas
company listed on the main market of the London Stock Exchange, announces
that Guido Michelotti has submitted to the Board of Directors his resignation
as Chief Executive Officer after four years in this role.

Mr Michelotti’s resignation is motivated by personal reasons and will become
effective at the end  of September 2019,  after the release of the Half Year
report.  Mr Michelotti will remain as executive director until November 15 in
order to secure an orderly transition with the new Chief Executive Officer,
while completing some activities started under his leadership.

The Board of Directors will begin the search for a new CEO and appreciates
that Guido Michelotti has agreed to assist in the transition. An announcement
on the appointment of the new CEO will be made in due course.

Zev Furst, Chairman, on behalf of the Board, wishes to thank Guido Michelotti
for his leadership during a challenging time and for his contribution to a
successful transformation of Cadogan, which has now a solid foundation on
which to build its future.

-ENDS-

For further information, please contact:

 Cadogan Petroleum plc                                                               
 Guido Michelotti          Chief Executive Officer          +380 (44) 594 5870       
 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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