Changes to Board and Executive Management

Cadogan Petroleum PLC
(theCompany)

Changes to Board and Executive Management

The Company announces that Bertrand des Pallieres has today resigned as a Director and Chief Trading Officer of the Company with immediate effect, to pursue other roles outside the oil and gas industry.

Bertrand des Pallieres has been an Executive Director of the Company since August 2011.  Initially serving as CEO, he played a key role in restructuring the Board and management of the Company, in negotiating the partnership with eni and in concluding proceedings for the recovery of substantial sums due to the Company.

The Board thanks Mr des Pallieres for his contribution to the Company and wishes him well in his future endeavours.  

For further information, please contact:

Cadogan Petroleum Plc [phone]
Guido Michelotti
Chief Executive Officer

Cantor Fitzgerald Europe [phone]
David Porter