REG-Cadogan Petroleum: Loan to Proger Managers & Partners srl

Cadogan Energy SolutionsAnnouncement

01/03/2021 07:05

                                                                                                                                 
1st March 2021

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

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

Loan to Proger Managers & Partners srl

Cadogan Petroleum plc (“Cadogan”), the London Stock Exchange listed
independent oil and gas company, reports that it has notified the Borrower,
Proger Managers & Partners srl (“PMP”), that according to the Loan
Agreement the Maturity Date occurred on Thursday 25 February 2021.

Cadogan did not exercise its Call Option Right within the Maturity Date.

PMP must fulfill the payment of Euro 14,857,350.00 being reimbursement of the
Loan in terms of principal and the interest accrued to date, within the next
five business days.

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 Ben Harber Company Secretary  fady.khallouf@cadoganpetroleum.com +44 0207 264 4366  

               
                     



Copyright (c) 2021 PR Newswire Association,LLC. All Rights Reserved