Correction

Correction: the text of the announcement published at 7.00am this morning (23 April 2013) should read as follows:

CADOGAN PETROLEUM PLC

Date of 2012 Annual Results Announcement

The Company wishes to announce that it expects to release its 2012 results by this Thursday, 25 April 2013. Further to the Interim Management Statement and the Operations Update announced on 19 November 2012 and 21 February 2013 respectively, the Company expects its result to show a significant impairment to asset book value leading to a material loss for 2012. The Company expects to finalise its audit shortly and further detail will be included in the fully audited results.

Cadogan Petroleum Plc +380 44 584 4979

Bertrand des Pallieres

Chief Executive Officer

Cantor Fitzgerald Europe +44 (0) 20 7894 7000

David Porter

Richard Redmayne

Bankside Consultants +44 (0) 207 367 8888

Simon Rothschild