26 March 2021
This announcement contains inside information as defined under
the Market Abuse Regulations n. 596/2014
Cadogan Petroleum
Plc
(“Cadogan” or the
“Company”)
Loan to Proger
Managers & Partners srl
Cadogan Petroleum plc (“Cadogan”), the London Stock Exchange
listed independent oil and gas company, reports that the
announcement released yesterday by Proger Managers & Partners
Srl and Proger Spa is totally groundless.
Proger Managers & Partners are using a dilatory tactic to
delay the reimbursement of the Loan.
Cadogan restates that according to the Loan Agreement, Proger
Managers & Partners have been in default since 25 February 2021, being the Maturity Date. As
already announced, Cadogan will engage all the necessary legal
actions to protect the interests of the Company and all of the
Company’s stakeholders via the necessary competent authorities.
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.
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