Trading Statement (4833Y)
December 23 2010 - 2:00AM
UK Regulatory
TIDMCAD
RNS Number : 4833Y
Cadogan Petroleum PLC
23 December 2010
Cadogan Petroleum plc ("Cadogan" or "the Company")
Pokrovska 1
Directional drilling of Pokrovska 1 has been progressing
according to programme and results to date support management's
original structural interpretation. The well has encountered strong
indications of gas on the LWD logs over significant sections in the
Lower Visean.
Due to the onset of winter weather and the complexity of the
drilling operations, it has been decided that operations will be
suspended temporarily at the current depth of 5450 meters.
Management have commenced discussions on using an alternative
all-weather rig and hope to recommence drilling operations early in
2011.
Enquiries
Cadogan Petroleum Plc + 44 20 7245 0801
Ian Baron, CEO
Gordon Stein, CFO
Stefan Bort, Company
Secretary
Matrix +44 20 3206 7000
Robin Henshall
James Pope
Bankside Consultants +44 20 7367 8888
Simon Rothschild
This information is provided by RNS
The company news service from the London Stock Exchange
END
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