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Cadogan Petroleum Plc - Resumption of Production

                                                                                                                                  Press Release22ndJune 2020

This announcement contains inside information as defined under the Market Abuse Regulations n. 596/2014

("Cadogan" or the "Company")Cadogan Petroleum Plc

Resumption of production from Blazhiv-3 and Blazhiv-3-Monastyrets.

Operational update

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 Petroleum plcJune 18November 2019th

-ENDS-

About

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.Western Ukraine

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.Ukraine

For further information, please contact:

Fady Khallouf                              Chief Executive Officer                                           Company Secretary                +44 0207 264 4366Cadogan Petroleum plc

[email protected]Ben Harber

Broker toCantor    Fitzgerald Europe Cadogan Petroleum plc

David Porter                                                                                       +44 (0) 20 7894 7000

Quick facts: Cadogan Petroleum PLC

Price: 2.75

Market: LSE
Market Cap: £6.71 m
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