Cadogan Petroleum Plc
("Cadogan" or the "Company")
Change in Executive Management
Cadogan Petroleum plc announces the following change to its Executive
Management:
Mr Adelmo Schenato has stepped down as Chief Operating Officer (COO) to take up
the role of Chairman and CEO of Exploenergy, the Italian company recently
bought by Cadogan, and will dedicate his time to following up on the award
process of the licences. Mr Schenato remains as a Non Executive Director of
Cadogan Petroleum plc and as Technical Advisor to Cadogan Petroleum's CEO.
The Board of Directors wishes to thank Mr Schenato for his contribution as COO
and expresses its appreciation for his availability to take up this new
challenge in support of the effort to geographically diversify
the Company's portfolio.
In addition, the Company's registered office address has changed to 6th Floor,
60 Gracechurch Street London, EC3V 0HR with immediate effect.
For further information, please contact:
Cadogan Petroleum Plc +380 (44) 594 5870
Guido Michelotti
Chief Executive Officer
Cantor Fitzgerald Europe +44 (0) 20 7894 7000
David Porter