Profile: CDS Oil & Gas Group Plc (CDS.L)

CDS Oil and Gas Group plc is engaged in oil and gas exploration. It has oil and gas interests in Paraguay. The Company’s Paraguayan subsidiary, CDS Energy SA, holds contractual rights in respect of three blocks of property covering 2.9 million hectares in the Chaco region of Paraguay. The portfolio includes the Gabino Mendoza block, covering an area of 40,000 hectares, over which CDS Energy has exploitation rights with a 100% working interest and a 96.5% gross revenue interest; the PG & E block, which is a prospecting area covering 491,077 hectares, in which CDS Energy has a 100% working interest and a 99.4% gross revenue interest, and the Boqueron block, covering a total area of 800,000 hectares, in which CDS Energy has exploration rights, and both 100% working and gross revenue interests. On the May 5, 2009, the Company announced the completion of the interpretation and analysis of its geological and geophysical studies, soil gas geochemistry survey and seismic survey.