Cadogan Petroleum Plc - Resumption of Production
This announcement contains inside information as defined under the Market Abuse Regulations n. 596/2014
("Cadogan" or the "Company")
Resumption of production from Blazhiv-3 and Blazhiv-3-Monastyrets.
As anticipated in the 2019 Annual Report, and Ukrnafta have signed on , 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 .
Cadogan is an independent, diversified oil and gas company, which operates exploration and production licenses in , conducts gas trading operations, and provides services to E&P companies.
Ukrnafta is the largest oil company in , 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:
Fady Khallouf Chief Executive Officer
Company Secretary +44 0207 264 4366
David Porter +44 (0) 20 7894 7000
Quick facts: Cadogan Petroleum PLC
Market Cap: £6.71 m
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