Cadogan Petroleum Well Update
08 November 2018 - 9:48PM
UK Regulatory
TIDMCAD
Press
Release
8 November 2018
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")
Well Update
Cadogan Petroleum plc. ("Cadogan"), an independent, diversified, oil & gas
company listed on the London Stock Exchange, announces the Vovche-2
well reached the planned total depth and was completed on time and budget.
Both pre-drill target horizons were penetrated and resulted oil bearing from
logs. Oil saturation in the lower target was further confirmed by cores. A
third, thinner interval, appears as potentially oil bearing from logs.
The well has been cased and is being tested to establish whether it is capable
of sustaining commercial production rates.
The results of the well tests will be communicated in due course.
-ENDS-
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
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