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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% | 2.25 | 2.00 | 2.50 | 2.25 | 2.25 | 2.25 | 452 | 08:00:12 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Drilling Oil And Gas Wells | 8.47M | -1.56M | -0.0064 | -3.52 | 5.49M |
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Press Release
22nd June 2020
This announcement contains inside information as defined under the Market Abuse
Regulations n. 596/2014
Cadogan Petroleum Plc
("Cadogan" or the "Company")
Resumption of production from Blazhiv-3 and Blazhiv-3-Monastyrets.
Operational update
As anticipated in the 2019 Annual Report, Cadogan Petroleum plc and Ukrnafta
have signed on June 18th, 2020 the two lease contracts' prolongation for the
wells of Blazhiv-3 and Blazhiv-3-Monastyrets. The Company is pleased to
announce the resumption of production from these two wells. The wells were shut
down since November 2019.
-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.
Ukrnafta is the largest oil company in Ukraine, with 62,3% share of the
country's oil and condensate production. Ukrnafta operate 85 licences and own a
fleet of 24 drilling rigs.
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
(END) Dow Jones Newswires
June 22, 2020 02:00 ET (06:00 GMT)
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