Update on Boqueron Block - Paraguay

    RNS Number : 2864U
  CDS Oil & Gas Group PLC
  13 May 2008
   

126 Brompton Road
London, United Kingdom
SW3 1JD
Email: [e-mail]
Web Site: www.cdsogg.com

    NEWS RELEASE

    For release: Tuesday, May 13, 2008

    CDS OIL & GAS GROUP PLC ("CDS" OR THE "COMPANY") COMPLETES SEISMIC DATA ACQUISITION ON 
    BOQUERON BLOCK IN PARAGUAY

    LONDON, England: 13 May 2008 - CDS Oil & Gas Group plc ("CDS" or the "Company"), the AIM-quoted oil and gas explorer (CDS.L), is pleased
to announce that the seismic data acquisition program on its 800,000 hectare Boqueron Block in Paraguay has been completed.  Harmattan FZE
("Harmattan") a UAE based, land seismic operator was contracted to conduct a 3C-2D seismic data acquisition program of 700km on the Boqueron
Block and 281km on the Gabino Mendoza Block. 

    The data for the Boqueron Block has now been sent to Houston for processing and interpretation. Harmattan has commenced mobilisation of
equipment to the Gabino Mendoza Block 260km to the north of the Boqueron Block. It is anticipated that the resumption of data acquisition
will commence on the Gabino Mendoza Block in about ten days.

    Patrice Roman, CEO of CDS stated: "We are pleased with the completion of this stage of our seismic work program and look forward to
receiving the results of the processing and interpretation of the data. This new data, once interpreted will add significantly to our
already substantial database including the recently completed digitisation and re-processing of 2-D seismic data acquired by earlier
exploration companies in the 1970's and 1980's. The data will also assist us in selecting drill sites on the prospective Boqueron Block."

    CDS is a UK registered 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. The blocks are located in the prospective eastward extension of the productive
Bolivian Chaco Basin in north-west Paraguay. 


    For further information:

    CDS Oil & Gas Group Tel: [phone]
    Patrice Roman, Chief Executive Officer

    Hanson Westhouse Tel: 0+44 (0)20 7601 6100
    Louis Castro / Richard Baty

    UK Enquiries:

    Hudson Sandler Tel: [phone]
    Jessica Rouleau / Sandrine Gallien 

    Other Enquiries

    B4 Communication Tel: [phone]
    Claude Baumann / Fréric Jacquemoud
This information is provided by RNS
The company news service from the London Stock Exchange
 
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