Cadogan Regulatory News (CAD)

Cadogan Petroleum plc ("Cadogan" or "the Company")

Pokrovska 1

Directional drilling of Pokrovska 1 has been progressing according to programme and results to date support management's original structural interpretation. The well has encountered strong indications of gas on the LWD logs over significant sections in the Lower Visean.

Due to the onset of winter weather and the complexity of the drilling operations, it has been decided that operations will be suspended temporarily at the current depth of 5450 meters.

Management have commenced discussions on using an alternative all-weather rig and hope to recommence drilling operations early in 2011.

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