Cadogan Petroleum Plc: GPS Litigation Update
Further to the announcement of 16 April, Cadogan Petroleum Plc is pleased to confirm completion of the sale of the gas plants referred to therein, following receipt in full of the agreed consideration of $29.5 million. In accordance with the terms of the settlement documentation, the parties are now taking appropriate steps to dismiss the legal proceedings commenced in Englandagainst GPS and all other claims and liabilities have been released.