Business
Payment Received
Payment Received.
About this update from Cadogan Energy Solutions Plc
[{"type":"text","content":"\n RNS Number : 9346Y Cadogan Petroleum PLC 05 January 2011 \n \n\n5 January 2011 \nCadogan Petroleum plc (\"Cadogan\" or the \"Company\")\nPayment Received\nIn line with the settlement agreement entered into with Global Process Systems Inc (\"GPS\") in October 2009, Cadogan has received all payments due to date under that agreement totalling $7.5 million. This figure includes the $6.5 million that GPS advised would be paid by the end of the financial year. The remaining $30 million is due for payment by GPS during 2011 in accordance with the schedule agreed at the time of the settlement. \n \n \nEnquiries\n \n\n\n\n\nCadogan Petroleum Plc\n\n\n\n\n\n+ 44 20 7245 0801\n\n\n\n\nIan Baron, CEO\nGordon Stein, CFO\nStefan Bort, Company Secretary\n\n\n\n\n\n\n\n\n\n\nMatrix\n\n\n\n\n\n+44 20 3206 7000\n\n\n\n\nRobin Henshall\n\n\n\n\n\n\n\n\n\n\nJames Pope\n\n\n\n\n\n\n\n\n\n\nBankside Consultants\n\n\n\n\n\n+44 20 7367 8888\n\n\n\n\nSimon Rothschild\n\n\n\n\n\n\n\n\n\n\n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSSISUIFFSEFF \n ","length":4239,"tagName":"div"}]