Director/PDMR Shareholding

Annex DTR3

Notification of Transactions of Persons Discharging
Managerial Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters.

1.   Name of the issuer                 2.   State whether the notification    
                                             relates to (i) a                  
                                                                               
                                             transaction notified in accordance
                                             with DTR 3.1.2 R,                 
                                                                               
                                             (ii) a disclosure made in         
                                             accordance                        
                                                                               
                                             LR 9.8.6R(1) or                   
                                                                               
                                             (iii) a disclosure made in        
                                             accordance with section 793 of the
                                             Companies Act (2006).             
                                                                               
     Cadogan Petroleum plc                   (i)                               
                                                                               
3.   Name of person discharging         4.   State whether notification relates
     managerial                              to a person                       
                                                                               
     responsibilities/[DEL:director:         connected with a person           
     DEL]                                    discharging managerial            
                                             responsibilities/director named in
                                             3 and identify the connected      
                                             person                            
                                                                               
     Stefan Bort                             N/A                               
                                                                               
5.   Indicate whether the notification  6.   Description of shares (including  
     is in respect of a holding of the       class), debentures or derivatives 
     person referred to in 3 or 4 above      or financial instruments relating 
     or in respect of a nonbeneficial        to shares                         
                                                                               
     interest 1                                                                
                                                                               
     own holding                             Ordinary shares of 3p             
                                                                               
7.   Name of registered shareholders(s) 8.   State the nature of the           
     and, if more than one, the number       transaction                       
     of shares held by each of them                                            
                                                                               
     Share Nominees Ltd                      Purchase                          
                                                                               
9.   Number of shares, debentures or    10.  Percentage of issued class        
     financial                               acquired (treasury shares of that 
                                             class should not be taken into    
     instruments relating to shares          account when calculating          
     acquired                                percentage)                       
                                                                               
     44,979                                  <0.1%                             
                                                                               
11.  Number of shares, debentures or    12.  Percentage of issued class        
     financial                               disposed (treasury shares of that 
                                             class should not be taken into    
     instruments relating to shares          account when calculating          
     disposed                                percentage)                       
                                                                               
13.  Price per share or value of        14.  Date and place of transaction     
     transaction                                                               
                                                                               
     33.5p                                   8 December 2011                   
                                                                               
15.  Total holding following            16.  Date issuer informed of           
     notification and total percentage       transaction                       
     holding following notification                                            
     (any treasury shares should not be                                        
     taken into account when                                                   
     calculating percentage)                                                   
                                                                               
     300,031 (0.12%)                         8 December 2011                   

If a person discharging managerial responsibilities has been granted options by
the issuer

complete the following boxes

17.  Date of grant                      18.  Period during which or date on    
                                             which exercisable                 
                                                                               
19.  Total amount paid (if any) for     20.  Description of shares or          
     grant of the option                     debentures involved (class and    
                                             number)                           
                                                                               
21.  Exercise price (if fixed at time   22.  Total number of shares or         
     of grant) or                            debentures over which options held
                                             following notification            
     indication that price is to be                                            
     fixed at the time of exercise                                             
                                                                               
23.  Any additional information         24.  Name of contact and telephone     
                                             number for queries                
                                                                               

Name of authorised official of issuer responsible for making notification      
                                                                               
SE Bort, Company Secretary                                                     
                                                                               
Date of notification ____8 December 2011                                       

Notes: This form is intended for use by an issuer to make a RIS notification
required by DR 3.3.

(1)   An issuer making a notification in respect of a transaction relating to  
      the shares or debentures of the issuer should complete boxes 1 to 16, 23 
      and 24.                                                                  
                                                                               
(2)   An issuer making a notification in respect of a derivative relating the  
      shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23  
      and 24.                                                                  
                                                                               
(3)   An issuer making a notification in respect of options granted to a       
      director/person discharging managerial responsibilities should complete  
      boxes 1 to 3 and 17 to 24.                                               
                                                                               
(4)   An issuer making a notification in respect of a financial instrument     
      relating to the shares of the issuer (other than a debenture) should     
      complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.