Cadogan Energy Solutions Plc Extension of Leases

 
TIDMCAD 
 
Press Release 
 
              27 April 2023 
 
This announcement contains inside information as defined under the Market Abuse 
Regulations n. 596/2014 
 
                         Cadogan Energy Solutions Plc 
 
                         ("Cadogan" or the "Company") 
 
Cadogan Energy Solutions plc ("Cadogan"), the London Stock Exchange listed 
independent energy company is pleased to provide the following update. 
 
PJSC Ukrnafta, the largest oil company in Ukraine, and Cadogan have signed the 
extension of Blazhiv-3 and Blazhiv-Monastyrets-3 wells lease contracts for a 
5-year period. The signature of this lease extension ahead the expiry period 
will allow to avoid a production stoppage and to secure profit inflows for both 
parties during this unprecedented, severe and challenging context which Ukraine 
is facing now. 
 
This was possible thanks to the solid professional cooperation between the 
parties during the past term and the proactive and constructive approach of 
PJSC Ukrnafta under the leadership of its management during the extension award 
process. 
 
                                     ENDS 
 
About 
 
Cadogan is an independent, energy company, which operates an exploration and 
production license 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 Energy Solutions plc 
Fady Khallouf                 Chief Executive Officer 
[e-mail] 
Ben Harber                       Company Secretary                       +44 
0207 264 4366 
 
 
 
END 
 
 

(END) Dow Jones Newswires

April 27, 2023 02:00 ET (06:00 GMT)