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