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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cadogan Energy Solutions Plc | LSE:CAD | London | Ordinary Share | GB00B12WC938 | ORD 3P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.15 | 2.00 | 2.30 | 2.15 | 2.15 | 2.15 | 0.00 | 08:00:08 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Drilling Oil And Gas Wells | 7.55M | 1.26M | 0.0052 | 4.13 | 5.25M |
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RNS Number : 6683L
Cadogan Petroleum PLC
15 January 2009
15 January 2009
Cadogan Petroleum plc
("Cadogan")
Licence Update
Cadogan today provides an update regarding its Zagoryanska special permit
("Licence").
The Ministry of Environment of Ukraine has issued an extension to Licence #3108
for the Zagoryanska area to Cadogan. This Exploration & Development licence has
now been extended by 5 years to April 24th 2014.
The required work programme includes, i) the acquisition of 3D seismic data
across the field which will be completed in 1Q 2009, ii) the testing of well #3
which is currently in progress, iii) the workover of well #2 which is already
included in the 2009 work programme, and iv) the drilling of an appraisal well.
The final conclusion of the work programme is not required to be completed
before the end of the licence period in April 2014.
Mark Tolley, Chief Executive commented:
"We are very pleased with the extension of this licence which indicates the full
support of the Ministry of Environment in our plans for the long term appraisal
and development of this licence area. At any time during the term of this
licence, as soon as the work programme has been successfully completed, Cadogan
will aim to convert this licence to a long term Production Licence".
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 |
+------------------------------------+-----------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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