3rd August 2022
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 Arbitration
Cadogan Petroleum plc (“Cadogan”), the London Stock Exchange
listed independent oil and gas company, reports that the
Arbitration Committee in Italy
regarding the litigation with Proger Management & Partners
(Proger) came to the following decisions:
- The Arbitration Committee rejected Proger principal request,
deeming the Loan Agreement is valid and effective.
- The Arbitration Committee accepted and rejected other arguments
and requests of both parties (Cadogan and Proger).
The Company is currently analyzing with its legal advisors the
various aspects of the decisions.
Cadogan will take all the necessary further actions and
will communicate in due course.
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