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Cadogan commits USD 489 mln in investments in Ukraine

Cadogan commits USD 489 mln in investments in Ukraine

7 October 2008

At a press conference in Kyiv yesterday, Cadogan Petroleum (CAD LN: N/R) CEO Mark Tolley said the company will continue to invest in Ukraine, even after Ukrainian government sought to annul two of the company’s exploration licenses – Pirkovske and Zagoryanske. Cadogan said it would invest USD 489 mln through 2010 in drilling, gas-condensate plants and pipelines in Ukraine.

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