7th Mar 2007 18:01
Cardinal Resources plc07 March 2007 LONDON - Wednesday, 7th March 2007 Cardinal Resources plc (AIM:CDL) ("Cardinal" or "the Company"), an independentoil and gas exploration and production company operating in Ukraine, was todaynotified that following a purchase on 5th March 2007 at £0.19, Ospraie PortfolioLtd and Ospraie Management, LLC, ("Ospraie") have increased their shareholdingby 6,172,652 Cardinal Ordinary Shares (5.39%) to 10,474,302 Cardinal OrdinaryShares which enlarged shareholding represents 9.14 % of the issued OrdinaryShare Capital of the Company. Continental Capital SPC has also notified theCompany that they no longer hold any shares in Cardinal. ### For further information please contact: Cardinal Resources Brunswick GroupCharles Green / Natalia Egorova Paul Scott+44 (0) 20 7936 5250 +44 20 7404 [email protected] [email protected] Nabarro Wells & Co. LimitedJohn Wilkes / Marc Cramsie+44 (0) 20 7710 [email protected] Notes to Editor Cardinal Resources plcCardinal 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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