KIEV, July 25 – Trading of shares in Cadogan Petroleum Plc on the London Stock Exchange (LSE), which was temporarily suspended at the company's request due to reports in the mass media of the alleged loss of its rights to develop some deposits in Ukraine, resumed on Thursday after Cadogan said the reports were false.

"The results of our initial inquiries confirmed the confidence of Cadogan's board in the lawfulness of our licenses, and today's announcement shows that we are working on settling the issue," reads a press release of Cadogan issued on Thursday at the LSE, citing the company's head, Mark Tolley.