Cadogan Energy Solutions Plc Extension of Leases
April 27 2023 - 2:00AM
UK Regulatory
TIDMCAD
Press Release
27 April 2023
This announcement contains inside information as defined under the Market Abuse
Regulations n. 596/2014
Cadogan Energy Solutions Plc
("Cadogan" or the "Company")
Cadogan Energy Solutions plc ("Cadogan"), the London Stock Exchange listed
independent energy company is pleased to provide the following update.
PJSC Ukrnafta, the largest oil company in Ukraine, and Cadogan have signed the
extension of Blazhiv-3 and Blazhiv-Monastyrets-3 wells lease contracts for a
5-year period. The signature of this lease extension ahead the expiry period
will allow to avoid a production stoppage and to secure profit inflows for both
parties during this unprecedented, severe and challenging context which Ukraine
is facing now.
This was possible thanks to the solid professional cooperation between the
parties during the past term and the proactive and constructive approach of
PJSC Ukrnafta under the leadership of its management during the extension award
process.
ENDS
About
Cadogan is an independent, energy company, which operates an exploration and
production license in Western Ukraine, conducts gas trading operations, and
provides services to E&P companies. The aim of the Company is to be a
diversified energy group making investments offering energy solutions and
alternative services with a lower environmental impact.
For further information, please contact:
Cadogan Energy Solutions plc
Fady Khallouf Chief Executive Officer
f.khallouf@cadogan-es.com
Ben Harber Company Secretary +44
0207 264 4366
END
(END) Dow Jones Newswires
April 27, 2023 02:00 ET (06:00 GMT)
Cadogan Energy Solutions (AQSE:CAD.GB)
Historical Stock Chart
From Oct 2024 to Nov 2024
Cadogan Energy Solutions (AQSE:CAD.GB)
Historical Stock Chart
From Nov 2023 to Nov 2024