REG-Cadogan Petroleum: Operations Update

Cadogan Energy SolutionsAnnouncement

04/11/2019 16:15

Press Release
                                                                                                                              
                                                                                                                                                                                                                                                                  
4 November 2019

Cadogan Petroleum Plc

(“Cadogan” or the “Company”)

Operations  update

Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas
company listed on the main market of the London Stock Exchange, is pleased to
announce that the regional Council of L’viv has approved the application for
a 20-year production license for the Blazhiv field (formerly Monastyretska
license) and has notified the licensing authority (SGS).

This is the last of the intermediate approvals required for the SGS to issue
its final decision on the Blazhiv field license award.  SGS has up to thirty
days to approve the award of the license.

During the same session, the regional Council of L’viv also approved the
application for a 20-year license for Bitlyanska.

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

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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