28th Mar 2007 12:09
Cardinal Resources plc28 March 2007 LONDON - Wednesday, 28th March 2007 Cardinal Resources plc (AIM:CDL) ("Cardinal" or "the Company"), an independentoil and gas exploration and production company operating in Ukraine, todayannounces that it has successfully recovered a debt amounting to US $773,559previously written off as unrecoverable. Cardinal and its JAA partner JSC"Ukrnafta" were owed funds for the gas production from its joint activity forthe period between 1998 - first quarter of 2001. This will be reflected as an exceptional profit in Cardinal's interim resultsfor the six months to 30 June 2007 and the funds received will be applied todevelopment of Cardinal's assets in Ukraine. ### For further information please contact:Cardinal Resources Brunswick GroupCharles Green / Natalia Egorova Paul Scott+44 (0) 20 7936 5250 +44 (0) 20 7404 [email protected] [email protected] Nominated AdviserNabarro Wells & Co. LimitedJohn Wilkes+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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