CDS Cds Oil & Gas

RNS Number:1808G
CDS Oil & Gas Group PLC
23 October 2007



 CDS COMMENCES AEROMAGNETIC & AEROGRAVITY PROGRAM ON ITS CHACO BASIN PROPERTIES
                                  IN PARAGUAY
                                        

LONDON, England: 23 October 2007 - CDS Oil & Gas Group plc ("CDS" or the
"Company"), the AIM-listed oil and gas explorer (CDS.L), is pleased to report
that it has commenced an aeromagnetic & aerogravity program on its Chaco Basin
properties in Paraguay.

Carson Helicopters of Perkasie, Pennsylvania has commenced a 9,200 km aeromag
and aerogravity program over CDS' Boqueron, Gabino Mendoza and PG&E Blocks. The
Twin Otter aircraft arrived in Asuncion, the capital of Paraguay on October 5.
It commenced flying the program on October 18 from an operating base in Mariscal
Estigarribia some 520km north west of Asuncion. The survey is expected to take
about 5 weeks.

Once completed the results of the survey will be correlated with the results of
a seismic program and a geochemical program, both of which will commence shortly
and will be used to select drill targets. It is expected that drilling will
commence in the second half of 2008, depending upon rig availability.

Patrice Roman, CEO of CDS stated: "We are delighted to commence this "on the
ground" phase of our planned work program for 2007 and the first half of 2008
and to add to the sound technical base which CDS has developed about the
properties during the past several years. The new information will help select
drill targets for Carboniferous oil and Devonian oil and gas in order to unlock
the potential of the hydrocarbon resources of Paraguay."

CDS is a UK company which, through its Paraguayan subsidiary, CDS Energy S.A.,
has a 98.1% working interest in three large blocks with substantial oil and gas
exploration potential in the prospective eastward extension into north-west
Paraguay of the productive Bolivian Chaco Basin.

ENDS

Contact:

Simon Rothschild, 
Bankside Consultants
Tel:     +44 20 7367 8871
E-mail:  simon.rothschild@bankside.com

Christopher Caldwell, 
Insinger de Beaufort
Tel:     +44 20 7190 7015
E-mail:  CCaldwell@insinger.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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