Cadogan Petroleum Potential Offer Withdrawn, No Longer In Offer Period

30th Jun 2010 08:28

LONDON (Dow Jones)--Cadogan Petroleum PLC (CAD.LN), an independent oil and gas exploration, development and production company with onshore gas and condensate assets in Ukraine, said Wednesday it has been notified that the proposal contemplating a partial offer for the Company's shares has been withdrawn by the potential offeror. MAIN FACTS: -Company confirms it is no longer in an offer period for the purposes of the City Code on Takeovers and Mergers. -Shares at 0720 GMT down 1.25 pence, or 6.8%, at 17 pence valuing the company at GBP39.29 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires June 30, 2010 03:28 ET (07:28 GMT)