SOURCE: CARDINAL RESOURCES PLC

May 11, 2006 11:22 ET

Cardinal Resources plc - Holdings in Company

LONDON -- (MARKET WIRE) -- May 11, 2006 -- Cardinal Resources plc (AIM: CDL) ("Cardinal" or "The Company"), an independent oil and gas production and exploration company operating in Ukraine, was today notified that, following a sale of 1,500,000 shares at a price of $0.463 on 10th May, East Capital Bering Ukraine Fund now has an interest in 2,950,000 Cardinal Ordinary Shares, representing 2.58% of the issued Ordinary Share capital of the Company.

Notes to Editor

Cardinal Resources plc

Cardinal Resources plc is an independent oil and gas production and exploration company with assets in Ukraine. Cardinal is an experienced operator in the country focused on expanding its existing operations through the farm-in or acquisition of additional upstream oil and gas assets that can be further developed through the application of modern technology and expertise.

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Contact Information

  • For further information please contact:

    Cardinal Resources
    Kate Spiro
    +44 (0) 20 7936 5258
    Email Contact

    Parkgreen Communications
    Justine Howarth / Victoria Thomas
    +44 (0) 20 7493 3713
    Email Contact