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

Cadogan Energy SolutionsAnnouncement

26/03/2021 07:05

                                                                                                                                 
26 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 the announcement released
yesterday by Proger Managers & Partners Srl and Proger Spa is totally
groundless.

Proger Managers & Partners are using a dilatory tactic to delay the
reimbursement of the Loan.

Cadogan restates that according to the Loan Agreement, Proger Managers &
Partners have been in default since 25 February 2021, being the Maturity Date.
As already announced, Cadogan will engage all the necessary legal actions to
protect the interests of the Company and all of the Company’s stakeholders
via the necessary 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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