Press Release 15 November 2019
This announcement contains inside information as defined under the Market Abuse Regulations n. 596/2014
Cadogan Petroleum Plc
(“Cadogan” or the “Company”)
Sale of Astroinvest Ukraine
Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, is pleased to announce that it has reached an agreement with Ukrinvest Group for the sale of AstroInvest Ukraine LLC for a total consideration of $1.2 million, bringing the total amount from the sale of legacy assets to $4m in recent weeks.
AstroInvest Ukraine LLC is one of two wholly owned subsidiaries, based in the East of Ukraine.
This Announcement has been issued by, and is the sole responsibility of, the Company.
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
Ben Harber Company Secretary +44 0207 264 4366
Cantor Fitzgerald Europe, Broker to Cadogan Petroleum plc
David Porter +44 (0) 20 7894 7000