CAD.GB Cadogan Energy Solutions Plc

 
TIDMCAD 
 
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 
 
 
 
END 
 
 

(END) Dow Jones Newswires

March 26, 2021 03:00 ET (07:00 GMT)

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