CAD Cadogan Energy Solutions Plc

 
TIDMCAD 
 
CADOGAN PETROLEUM PLC 
 
                          Agreement reached with GPS 
 
Further to the announcements of 15 February and 5 March 2013, Cadogan Petroleum 
Plc is pleased to announce that Cadogan and Global Process Systems LLC ("GPS") 
have reached an agreement concerning the purchase of two gas processing plants 
by GPS for the sum of $29.5 million. Upon Cadogan's receipt of the sale price 
the agreement will represent a full and final settlement of all claims and 
liabilities between them. 
 
This agreement has been reached on a commercial basis and upon completion, 
expected to occur by 17 April 2013 following satisfaction of various conditions 
precedent, will enable both parties to bring this matter to a close without the 
need for further lengthy legal proceedings. 
 
Cadogan Petroleum Plc +380 44 584 4979 
 
Bertrand des Pallieres 
 
Chief Executive Officer 
 
 
 
Cantor Fitzgerald Europe +44 (0) 207 107 8239 
 
David Porter 
 
Richard Redmayne 
 
 
 
Bankside Consultants +44 (0) 207 367 8888 
 
Simon Rothschild 
 
 
 
END 
 

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