Cadogan Petroleum Loan to Proger Managers & Partners srl Arbitration

 
TIDMCAD 
 
3rd August 2022 
 
This announcement contains inside information as defined under the Market Abuse 
Regulations n. 596/2014 
 
                             Cadogan Petroleum Plc 
 
                         ("Cadogan" or the "Company") 
 
              Loan to Proger Managers & Partners srl Arbitration 
 
Cadogan Petroleum plc ("Cadogan"), the London Stock Exchange listed independent 
oil and gas company, reports that the Arbitration Committee in Italy regarding 
the litigation with Proger Management & Partners (Proger) came to the following 
decisions: 
 
  * The Arbitration Committee rejected Proger principal request, deeming the 
    Loan Agreement is valid and effective. 
  * The Arbitration Committee accepted and rejected other arguments and 
    requests of both parties (Cadogan and Proger). 
 
The Company is currently analyzing with its legal advisors the various aspects 
of the decisions. 
 
 Cadogan will take all the necessary further actions and will communicate 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 
[e-mail] 
Ben Harber                      Company Secretary                      +44 0207 
264 4366 
 
 
 
END 
 
 

(END) Dow Jones Newswires

August 03, 2022 02:00 ET (06:00 GMT)