Cadogan Petroleum Monastyretska license

 
TIDMCAD 
 
Press Release 
 
  19 November 2019 
 
This  announcement contains inside information as defined under the Market 
Abuse Regulations  n. 596/2014 
 
                             Cadogan Petroleum Plc 
 
                         ("Cadogan" or the "Company") 
 
                             Monastyretska license 
 
Cadogan Petroleum plc ("Cadogan"), an independent, diversified oil & gas 
company listed on the main market of the London Stock Exchange, announces that 
for temporary internal procedural reasons the licensing authority in Ukraine, 
the SGS, has not been able to provide final approval for the 20-years 
production license for  Monastyretska. 
 
All intermediate approvals for the production license, including that of the 
regional Council of L'viv, had been secured in due time. The exploration 
licenses for Monastyretska has expired at midnight on the 18th November. 
 
In the intervening period, the Company has started preparing the field and the 
wells for a temporary suspension of its production operations, which cannot 
continue without a valid permit.  Suspension is not expected to last long and 
the company is ready to resume production as soon as the license is awarded. 
 
Further announcements will follow in due course. 
 
                                     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 
 
Fady Khallouf                    Chief Executive Officer 
fady.khallouf@cadoganpetroleum.com 
Ben Harber                         Company Secretary                        +44 
0207 264 4366 
 
Cantor Fitzgerald Europe, Broker to Cadogan Petroleum plc 
 
David 
Porter 
+44 (0) 20 7894 7000 
 
 
 
END

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November 19, 2019 02:00 ET (07:00 GMT)

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