Company Information for CDS Oil & Gas Group

AIM-CDS

www.cdsogg.com

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AIM; CDS

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Company Statement

CDS Oil & Gas Limited was formed in August 2003 for the purpose of pursuing oil & gas exploration and development in the Chaco Basin located in Paraguay. CDS Oil & Gas Group plc was formed in March 2004 to continue to pursue the exploration and development potential for the oil and gas in the area. CDS Energy, a 98.2 per cent owned subsidiary of CDS Oil & Gas Group plc, holds Prospecting Permits or prospecting, exploration and exploitation Concession Laws in respect of three blocks of property covering 1.33 million hectares within the Central Chaco High region of the Paraguayan Chaco Basin.

Operations and Technology

Following the placing of June 2007, the new investors have initiated a comprehensive exploration programme consisting of aerogravity and aeromagnetic surveys, surface geochemistry and acquisition of 2D seismic data. The results of these three surveys will be used for selecting the optimal drilling targets with the beginning of drilling operations anticipated for the 4th quarter of 2008.

Carson Helicopters of Pennsylvania has completed a 9,200 km of aerogravity and aeromagnetic over the 3 CDS blocks and the results of the data interpretation will be available in March 2008.

ETI (Exploration Technology, Inc.) of Texas has commenced a reconnaissance geochemical programme to be finally completed during April 2008.

The seismic data acquisition programme commenced on the Boqueron block is now more than 90% completed in the vicinity of the Emilia prospect. A 500km programme on other parts of the Boqueron block will follow after which the crew will move to the Gabino Mendoza block.

The Minister of Public Works and Communications and the Vice Minister of Mines and Energy, as well as the Governor of the Province of Boqueron, visited the Emilia site and have expressed a high level of interest in the CDS exploration programme.

Board of Directors and Key Management

John Bentley	Non-executive Chairman & Director
Patrice Roman	President, Chief Executive Officer & Director
Daniel Morrison	Senior Vice-President & Executive Director
Bernard Verdu	Vice-President & COO, Paraguay
Jeremy Eng	Non-executive Director
Takeo Hirata	Non-executive Director
Guillermo Francisco Peroni	Non-executive Director
Evanan Romero	Non-executive Director

Company Address

126 Brompton Road
London, United Kingdom SW3 1JD


Telephone:	+44(0)20 7225 4383
Facsimile:	+44(0)20 7589 8705
Email:	info[at]cds.com.py
Website:	http://www.cdsogg.com

Additional Address/Key Contact

Paraguay Office:
Avenida Santa Teresa 3020
Asuncion
Paraguay

Phone: +595-21-664-270
Fax: +595-21-613-224

International Public Relations:
Anadeo Communication, 16 rue Le-Corbusier, 1208 Geneva, Switzerland
Tel: +41 22 592 50 58, Fax: +41 22 592 50 68, http://www.anadeo.ch

Capital

As of 16 April 2009, CDS has an issued capital of 123,365,786 ordinary shares of 10p each.

Nominated Brokers

Westhouse Securities Ltd

Nominated Advisors