Licence Update

RNS Number : 3926D

Cadogan Petroleum PLC

15 September 2008

 



September 12, 2008

CADOGAN PETROLEUM PLC

('Cadogan')

LICENCE UPDATE

Cadogan today provides a further update regarding its Pirkovskoe and Zagoryanska special permits ('licences').

Further to the interim injunction obtained by Cadogan on August 1, 2008 preventing its licences being nullified in pursuance of the Orders of the Ministry of Environmental Protection of Ukraine ('Ministry'), on September 12, the Poltava Regional Administrative Court (the 'Court') held a hearing, the purpose of which was to consider the merits for a permanent injunction against the nullification of the Company's licences.

Neither the Ministry, nor NJSC 'Nadra of Ukraine', each of whom was a party to the hearing, participated in the hearing. The Court has rescheduled the hearing for September 26, 2008. Cadogan understands that the Court will proceed with the hearing on September 26, 2008 regardless of whether the aforementioned parties are present.

Enquiries:

Cadogan Petroleum	[phone]
Mark Tolley
Peter Biddlestone
Pelham PR
James Henderson	[phone]
Alisdair Haythornthwaite	[phone]
Evgeniy Chuikov	[phone]

 

END

 

 

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