logo-loader
viewCadogan Petroleum PLC

Cadogan Petroleum moves step closer to licence renewal in Ukraine

The regional Council of L’viv has approved the application for a 20-year production license for the Blazhiv field

Cadogan Petroleum Plc -
SGS has up to thirty days to approve the award of the license.

Cadogan Petroleum Plc (LON:CAD) has moved a step closer to renewing the licence for its main producing asset in Ukraine.

The regional Council of L’viv has approved the application for a 20-year production license for the Blazhiv field (formerly Monastyretska) and has notified the licensing authority (SGS).

This is the last of the intermediate approvals required for the SGS to issue its final decision on the Blazhiv field license award, said Cadogan.

SGS has up to thirty days to approve the award of the license.

During the same session, the regional Council of L’viv also approved the application for a 20-year license for Bitlyanska, its other major asset in Ukraine.

Quick facts: Cadogan Petroleum PLC

Price: 3.1 GBX

LSE:CAD
Market: LSE
Market Cap: £7.57 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cadogan Petroleum PLC named herein, including the promotion by the Company of Cadogan Petroleum PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read