Change of Adviser

11 October 2010

CADOGAN PETROLEUM PLC

Appointment of broker

Cadogan Petroleum plc (LSE: CAD), the oil and gas exploration, development and production company, is pleased to announce the appointment of Matrix Corporate Capital LLP as the Company's sole broker and financial adviser with immediate effect. 

For further information please contact:

Cadogan Petroleum plc +44 20 7245 0801

Ian Baron, Chief Executive Officer

Stefan Bort, Company Secretary

Matrix Corporate Capital LLP +44-20 3206 7000

Robin Henshall

James Pope

Bankside +44 20 7367 8888

Simon Rothschild

Rose Oddy