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Licence Update

26 Aug 2008 16:01

RNS Number : 0515C
Cadogan Petroleum PLC
26 August 2008
 



August 26, 2008

CADOGAN PETROLEUM PLC

("Cadogan")

LICENCE UPDATE

Cadogan today provides a further update regarding its Pirkovskoe and Zagoryanska special permits ("licences").

Following the ruling at the Kharkiv Appellate Administrative Court allowing Cadogan to appeal against the Poltava Region Commercial Court's earlier written decision of June 17 2008 regarding the Pirkovskoe licencethe appeal date has been scheduled for September 17, 2008. This is subject to written confirmation, which is expected to be received shortly, as is the appeal date regarding the Zagoryanska licence

Furthermore, in separate proceedings, the Poltava Regional Administrative Court has scheduled September 12, 2008 to hear the merits of Cadogan's earlier application in this Court to prevent Cadogan's licences being nullified in pursuance of the Orders of the Ministry of Environmental Protection of Ukraine. On August 1, 2008 the earlier application resulted in an interim injunction against the Ministry, which continues to be effective. Cadogan is seeking for the injunction to be made permanent.

Enquiries:

Cadogan Petroleum

+44 20 7245 0801

Mark Tolley

Peter Biddlestone

Pelham PR

James Henderson

+44 20 7743 6673

Alisdair Haythornthwaite

+44 20 7743 6676

Evgeniy Chuikov

+44 20 3008 5506 / +38 04 4459 4630

This information is provided by RNS
The company news service from the London Stock Exchange
 
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