Company Profile For Cadogan Petroleum Plc

Cadogan Petroleum plc is an independent oil and gas exploration, development and production company with onshore gas, condensate and oil assets in Ukraine. The Company owns and operates working interests in 11 gas, condensate and oil exploration and production licenses throughout east and west Ukraine. These assets lie in two of the three hydrocarbon basins in Ukraine with gas transportation infrastructure: the Carpathian Basin and the Dnieper-Donets Basin. In western Ukraine the Company has interests in six exploration and development and two production licenses within the Carpathian Basin. In eastern Ukraine, it operates the Pokrovskoe, Zagoryanska and Pirkovskoe licenses in the Poltava region. These licenses lie in the Dnieper-Donets basin, which is an oil and gas basin. Its primary focus is on the fields, Borynya and Bitlya, within the Bitlyanska license and the Pokrovskoe, Zagoryanska and Pirkovskoe fields. During the year ended December 31, 2008, it acquired LLC Mercor.

BRIEF: For the fiscal year ended 31 December 2008, Cadogan Petroleum Plc's revenues totaled £1.8M, up from £665K. Net loss rose 48% to £22.4M. Revenues reflect an increase in demand for Company's products and services. Higher loss reflects an increase in cost of sales, the presence of IPO fees expenses and increased other administrative expenses. Cadogan Petroleum Plc is an independent oil & gas exploration, development and production company.