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

Cadogan Energy SolutionsAnnouncement

09/03/2021 07:05

9 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 following the announcement made
on 1(st) March 2021 it has agreed, at the request of the Borrower, Proger
Managers & Partners srl (“PMP”), to postpone the Loan reimbursement until
19 March 2021. As at 25 February 2021, being the Maturity Date, the
reimbursement due was Euro 14,857,350 in terms of principal and the interest
accrued. A further update will be provided 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



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