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IN BRIEF: Cadogan Petroleum reiterates Italian arbitration outcome

Mon, 08th Aug 2022 21:39

Cadogan Petroleum PLC - London-based oil and gas company operating in Ukraine - Updating on its legal proceedings in Italy with Proger Management & Partners, says last Monday's announcement from Proger does not reflect the outcome of the arbitral proceeding, and contains "inaccurate and incomplete information". Reiterates that the arbitral committee decided Proger must return payment received under loan agreement, which was deemed "valid and effective" by the committee.

Current stock price: 2.70 pence

12-month change: down 27%

By Elizabeth Winter; elizabethwinter@alliancenews.com

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