Cadogan Petroleum Loan to Proger Managers & Partners srl
26 Marzo 2021 - 1:00AM
UK Regulatory
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
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