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Last checked at 
18 Sep 2009 17:55
18 September 2009
Cadogan Petroleum PLC
("Cadogan" or the "Company")
Licence developments
Cadogan has been made aware of a resolution dated 26 August 2009 and published today on the web portal of the Ukrainian Government which supports a proposal by the Ministry for the Protection of the Environment to annul and transfer its special permits and licence interests with respect to Pirkovskoe, Zagoryanska, Bitlyanska, Monastyretske and Krasnoyilske to Naftogas of Ukraine, a state-owned oil and gas company, with effect from 23 September 2009. The Company has received no official notification of the resolution from any relevant authority.
Cadogan believes there is no legal basis for this action and is taking all available steps to defend its interests.
A further announcement will be made as appropriate.
Enquiries:
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Cadogan Petroleum |
+44 20 7245 0801 |
|
Ian Baron |
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|
Stefan Bort |
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|
Pelham PR |
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|
James Henderson |
+44 20 7337 1501 |
|
Evgeniy Chuikov |
+44 20 7337 1513 |
|
Philip Dennis |
+44 20 7337 1516 |
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