TIDMCAD 
 
This  announcement is deemed to contain  Inside Information as defined under 
the Market Abuse Regulations  n. 596/2014 
 
                             Cadogan Petroleum Plc 
                         ("Cadogan" or the "Company") 
 
                         Successful Stimulation of the 
                       Blazh-1 well Increases Production 
 
Cadogan Petroleum plc ("Cadogan"), an independent, oil & gas company listed on 
the London Stock Exchange, is pleased to announce that production from the 
Blazh-1 well on the Monastyretska field has nearly doubled to 63 bpd following 
the successful completion of a work-over to stimulate the well. 
 
The Blazh-1 well is being monitored as part of a reservoir surveillance program 
aimed at optimizing the performance of the entire field. As a result of this 
stimulation, Cadogan's current production (oil and gas combined) has increased 
to 219 boepd (205 boepd net to Cadogan). 
 
The team and the equipment have been relocated to the Blazh-3 well to execute a 
work-over and chemical treatment. This operation is scheduled to be completed 
in approximately four weeks. 
 
The Monastyretska field is located in the Lviv region of Western Ukraine. Oil 
produced from the field has a negligible gas and water content, is treated 
locally and exported by truck by the buyers. The Group holds a 100 per cent 
working interest in the license. 
 
                                    -ENDS- 
 
 About 
 
Cadogan is an independent oil and gas company. Cadogan operates exploration and 
production licenses in Western Ukraine, conducts gas trading operations, and 
provides services to E&P companies. 
 
For further information, please contact: 
 
Cadogan Petroleum plc 
 
Guido Michelotti             Chief Executive Officer     +380 (44) 594 5870 
 
Ben Harber                   Company Secretary           +44 0207 264 4366 
 
Cantor Fitzgerald Europe 
 
David Porter                                             +44 (0) 20 7894 7000 
 
Nick Tulloch 
 
 
 
END 
 

(END) Dow Jones Newswires

February 22, 2018 06:07 ET (11:07 GMT)

Cadogan Energy Solutions (LSE:CAD)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Cadogan Energy Solutions Charts.
Cadogan Energy Solutions (LSE:CAD)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Cadogan Energy Solutions Charts.