REG-Cadogan Petroleum: Sale of Astroinvest Ukraine

Cadogan Energy SolutionsAnnouncement

15/11/2019 16:55

Press Release
                                                                                      
15 November 2019

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

Cadogan Petroleum Plc

(“Cadogan” or the “Company”)

Sale of Astroinvest Ukraine

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 it has reached an agreement with Ukrinvest Group for the sale of
AstroInvest Ukraine LLC for a total consideration of $1.2 million, bringing
the total amount from the sale of legacy assets to $4m in recent weeks.  

AstroInvest Ukraine LLC is one of two wholly owned subsidiaries, based in the
East of Ukraine.

This Announcement has been issued by, and is the sole responsibility of, the
Company.

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

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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