KIEV, Jan. 16 – Ukraine's Environmental Protection Ministry has prolonged Cadogan Petroleum's license for the exploration of the Zahoriansky field for another five years, until April 24, 2014.

According to a company report on the London Stock Exchange, the exploration program foresees 3D seismic exploration in Q1 2009, the continuation of tests on well three, repairs to well two and the drilling of an evaluation well.