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Cadogan Petroleum Plc - Bitlyanska exploration license

                                                                                                                                  Press Release30December 2019

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

Cadogan Petroleum Plc

(“Cadogan” or the “Company”)

Bitlyanska exploration license

(“Cadogan”), an independent, diversified oil & gas company listed on the main market of the , announces that the Bitlyanska exploration license expired on the 23 December.Cadogan Petroleum plcLondon Stock Exchangerd

During the license validity term, the Company has fully fulfilled the work programme and obligations without any breach. The application for a 20-year exploration and production license was filed in due time and is progressing positively; all required intermediate approvals, including that of the regional Council of L’viv, had been secured in due time.

Further announcements will follow in due course.

ENDS

About

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.CadoganWestern Ukraine

For further information, please contact:

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

[email protected]Ben Harber

to, BrokerCantor Fitzgerald EuropeCadogan Petroleum plc

David Porter                                                                                       +44 (0) 20 7894 7000

Quick facts: Cadogan Petroleum Plc

Price: 2.5

Market: LSE
Market Cap: £5.89 m
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