Cadogan Petroleum Operations Update

 
TIDMCAD 
 
Press Release 
 
              22 November 2022 
 
This announcement contains inside information as defined under the Market Abuse 
Regulations n. 596/2014 
 
       Cadogan Petroleum plc (changing to Cadogan Energy Solutions Plc) 
 
                         ("Cadogan" or the "Company") 
 
Cadogan Petroleum plc ("Cadogan"), the London Stock Exchange listed independent 
energy company is pleased to provide the following operational update. 
 
All of our employees are safe. The Company continues to daily monitor the 
situation and take the appropriate actions to ensure their safety and their 
essential needs. 
 
After the decision of the Supreme Court in Kiev in favor of the position 
defended by the Company, the litigation case with the Tax Administration has 
been ended. This will not have any financial impact on the 2022 accounts as the 
successful outcome was anticipated in the 2020 and 2021 annual accounts. 
 
The Company continued defending its positions for the 20-year Bitlyanska gas 
license and filed a claim at the Cassation Court. 
 
The projects for gas exploration and production developed by our subsidiary 
Exploenergy in Italy (90% Cadogan) are included in the eligible areas 
identified by the Plan for Sustainable Energy Transition in Eligible Areas 
(PITESAI). The administrative process is ongoing. 
 
                                     ENDS 
 
About 
 
Cadogan is an independent, energy company, which operates exploration and 
production licenses in Western Ukraine, conducts gas trading operations, and 
provides services to E&P companies. The aim of the Company is to be a 
diversified energy group making investments offering energy solutions and 
alternative services with a lower environmental impact. 
 
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 
 
 
 
END

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November 22, 2022 02:00 ET (07:00 GMT)

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