Holding(s) in Company

19 Dec 2005 07:00

Cardinal Resources plc16 December 2005 HOLDINGS IN COMPANY LONDON - Friday, 16th December 2005 Cardinal Resources plc (AIM:CDL), an independent oil and gas production andexploration company, was today notified of the following changes inshareholdings: • Following the sale of shares, DKR Saturn Management LP has reduced its interest in Cardinal to 7,145,000 Cardinal Ordinary Shares, representing 6.24% of the issued Ordinary Share capital of the Company; • JVL Advisors LLP purchased 1,000,000 shares at 18.5p. As a result Cardinal believes that JVL has an interest in 5,959,376 Cardinal Ordinary Shares, representing 5.20% of the issued Ordinary Share capital of the Company; and • East Capital Bering Ukraine Fund has purchased 5,000,000 Cardinal Ordinary Shares at 18.5p and holds 4.36% of the issued Ordinary Share capital of the Company. 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. ContactKate SpiroDirector, Investor Relationskspiro@cardinal-uk.com+44 (0) 20 7936 5258 This information is provided by RNS The company news service from the London Stock Exchange