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Discussions to acquire assets

29th Sep 2005 12:00

Cardinal Resources plc29 September 2005 CARDINAL RESOURCES PLC ANNOUNCEMENT LONDON - Thursday, 29 September 2005 Cardinal Resources plc (AIM:CDL), an independent oil and gas exploration andproduction company, today announces that it is in discussions to acquire assetsto complement existing interests in Ukraine. The company will make furtherannouncements if appropriate. Cardinal Resources plcCardinal Resources plc is an independent oil and gas exploration and productioncompany with assets in Ukraine. Cardinal is an experienced operator withnear-term opportunity to significantly expand existing operations throughfarm-ins or acquisitions of additional oil and gas assets accretive to reservesand production. ### This release may contain certain forward-looking statements. These statementsrelate to future events or future performance and reflect management'sexpectations regarding Cardinal's growth, results of operations, performance andbusiness prospects and opportunities. Such forward-looking statements reflectmanagement's current beliefs, are based on information currently available tomanagement and are based on reasonable assumptions as of this date. Noassurance, however, can be given that the expectations will be achieved. Anumber of factors could cause actual results to differ materially from theprojections, anticipated results or other expectations expressed in thisrelease. While Cardinal makes these forward-looking statements in good faith,neither Cardinal, nor its directors and management, can guarantee that theanticipated future results will be achieved. This information is provided by RNS The company news service from the London Stock Exchange

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