CDS Cds Oil & Gas

 

TIDMCDS 
 
RNS Number : 6957N 
CDS Oil & Gas Group PLC 
23 February 2009 
 

 
 
CDS Oil & Gas Limited 
126 Brompton Road 
London 
SW3 1JD 
Tel: +44 20 7225 4383 
Fax: +44 20 7589 8705 
 
 
 
 
CDS Oil & Gas plc ("CDS" or the "Company") 
Holdings in Company 
 
 
CDS, the AIM quoted oil and gas explorer, is pleased to announce that the 
Company's previous substantial shareholders, Feltown Assets Inc ("Feltown") and 
Werton Finance SA ("Werton"), who remain committed to the development of CDS's 
interests in Paraguay, have acquired from Petro Saudi Ltd Inc ("PetroSaudi"), 
PetroSaudi's entire holding in the Ordinary Shares of the Company. The 
acquisition was completed on 20th February 2009. 
 
As a consequence, Feltown now holds 35,430,785 ordinary shares of 10p each of 
CDS ("Ordinary Shares") (approximately 34.78% of the Company's issued share 
capital) and Werton now holds 21,859,357 Ordinary Shares (approximately 21.45%). 
PetroSaudi no longer has an interest in the Company's issued share capital. 
 
 
Furthermore, Feltown and Werton have acquired jointly from PetroSaudi its rights 
and obligations as lender in relation to two unsecured working capital 
facilities granted to CDS in July 2008 for US$2,000,000 and in December 2008 for 
US$250,000. 
 
 
As the central management and control of CDS is outside of the UK, the Channel 
Islands and the Isle of Man, the provisions of the UK Takeover Code do not apply 
to the Company. 
 
 
As previously announced, the Company will require additional funding in order to 
complete its exploration programme. Although the discontinuation of the 
relationship with PetroSaudi means the Company no longer has immediate access to 
the funding of its further expansion, the new controlling shareholders are 
already in active negotiations to cover its working capital requirements and to 
secure the appropriate partnerships and alliances for continuing the Company's 
activities in the Paraguayan oil and gas sector. 
 
 
For further information: 
 
 
CDS Oil & Gas Group Tel: +41 22 700 68 60 
Patrice Roman, Chief Executive Officer 
 
 
Hanson Westhouse Tel: +44 (0)20 7601 6100 
Bill Staple / Richard Baty 
 
 
UK Enquiries: 
 
 
Hudson Sandler Tel: +44 (0)20 7796 4133 
Jessica Rouleau / Fran Read 
 
Other Enquiries 
 
 
B4 Communication Tel: +41 22 592 50 22 
Claude Baumann / Frédéric Jacquemoud 
 
 
About CDS 
CDS is a UK registered company which, through its Paraguayan subsidiary, CDS 
Energy SA, has a 98.1% working interest in three large blocks with substantial 
oil and gas exploration potential. These blocks are located in the prospective 
eastward extension into north-west Paraguay of the productive Bolivian Chaco 
Basin. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 HOLTMMRTMMJTBFL 
 

CDS Oil & Gas (LSE:CDS)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

CDS Oil & Gas (LSE:CDS)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024