8th Feb 2007 11:40
Cardinal Resources plc08 February 2007 CARDINAL RESOURCES PLC IS RANKED TOP OIL AND GAS COMPANY IN UKRAINE IN CORPORATEGOVERNANCE BY CONCORD CAPITAL LONDON - 8 February 2007 Cardinal Resources plc (AIM:CDL) ("Cardinal" or "the Company"), an independentoil and gas production and exploration company operating in Ukraine, wasrecently ranked as the top oil and gas company and within the top three overallamong 118 companies operating in Ukraine in terms of Corporate Governance. Concord Capital has published the first exclusive survey to rank companiesoperating in Ukraine by Corporate Governance standards. The survey reviewed 118companies across all sectors of the Ukrainian economy. Cardinal Resources wasranked third overall and consistently rated in the top tier in rankings in thecategories of Reporting & Disclosure, Investor Relations, Minority Concerns andStrategic Risk. The Compnay was the highest ranking oil and gas companyoperating in Ukraine. Robert J Bensh Chairman and CEO of Cardinal Resources comments on the surveywere; "We are very proud of our ranking in the survey and pleased that we arebeing recognized for our high standards of transparency and corporategovernance." Concorde Capital is the leading brokerage on the Ukrainian market, and issues alarge amount of research on Ukrainian companies. The full survey can be downloaded from the Concorde Capital website:www.concorde.com.ua ### For further information please contact: Cardinal Resources Brunswick GroupCharles Green / Natalia Egorova Paul Scott+44 20 7936 5250 +44 20 7404 [email protected] [email protected] Notes to Editor Cardinal Resources plc Cardinal Resources plc is an independent oil and gas production and explorationcompany with assets in Ukraine. Cardinal is an experienced operator in thecountry focused on expanding its existing operations through the farm-in oracquisition of additional upstream oil and gas assets that can be furtherdeveloped through the application of modern technology and expertise. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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