Cadogan Petroleum Plc’s license for Bitlyanska exploration expires

  • Dec 30, 2019 GMT
  • Team Kalkine
  • The Bitlyanska exploration license of the company expired on the 23rd December.
  • The company has fully fulfilled the work program and other requirements without committing any breach, during the license validity term.
  • The application for a 20-year exploration and production license was filed as per the scheduled time and is proceeding positively; all other required approvals had been secured in due time.
  • At the time of writing (1:30 PM GMT), the shares of CAD were trading unchanged at GBX 5.25 on 30th December 2019, before the market close.

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