Cadogan Petroleum Plc                             

                             ("Cadogan" or the "Company")                          

                              Change of Company Secretary                          

    The Company announces that it has appointed Ben Harber to the post of Company
    Secretary with effect from 1st February 2017.

    This appointment follows the resignation, with immediate effect, of Marta
    Halabala. Mrs Halabala has served in her role since 27 February 2015 and the
    Board would like to thank her for her services as Company Secretary.

    Ben Harber is currently a Partner at Shakespeare Martineau LLP and is a
    qualified Company Secretary. Ben has worked in the company secretarial arena
    for 19 years and has extensive knowledge and experience dealing with publicly
    quoted companies.

    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