Appointment of Corporate Broker

CADOGAN PETROLEUM PLC                             

                        Appointment of Corporate Broker                        

 
Cadogan Petroleum PLC is pleased to announce that Cantor Fitzgerald Europe has
been appointed as the Company's Corporate Broker with immediate effect.

Enquiries:
 
Cadogan Petroleum Plc                               [phone]   
Bertrand des Pallieres                       
Chief Executive Officer                      
                                          
Cantor Fitzgerald Europe                            [phone]
David Porter                           
Richard Redmayne
                                           
Bankside                                            [phone]
Simon Rothschild

 
About Cantor Fitzgerald

Cantor Fitzgerald, a leading global financial services firm at the forefront of
financial and technological innovation, has been a proven and resilient leader
for over 65 years. Cantor Fitzgerald is a pre-eminent capital markets
investment bank serving more than 5,000 institutional clients around the world,
recognised for its strengths in institutional equity and fixed income sales and
trading and for its expanding presence serving the middle market with
investment banking services, prime brokerage and commercial real estate
financing. Cantor Fitzgerald also is a leader in new businesses including
advisory and asset management services, gaming technology, e-commerce and other
ventures.  Cantor Fitzgerald & Co. (part of the Cantor Fitzgerald Group) is one
of 21 primary dealers authorised to trade U.S. government securities with The
Federal Reserve Bank of New York. Cantor Fitzgerald's over 1,600 employees
serve clients through over 30 locations, including major financial centres
around the world in the Americas, Europe, Asia/Pacific and the Middle East. For
more information please visit www.cantor.com.