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

Cadogan Energy SolutionsAnnouncement

22/03/2021 07:05

                                                                                                                                 
22 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 despite an additional 3-week
extension given to Proger Managers & Partners (“PMP”) to comply with their
duties for the reimbursement of the Loan, principal and interest accrued, the
Company has not received payment or supplemental proposal for the repayment of
the loan.

In this context, PMP has been in default since 25 February 2021, being the
Maturity Date of the Loan Agreement.

With effect from today, Cadogan will engage all the necessary legal actions to
protect the interests of the Company and all of the Company’s stakeholders
via the competent authorities.

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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