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A little known Oil play floated on AIM in 2005 has a lot in common with JKX Oil and Gas. Cardinal Resources, based in the Ukraine is cutrrently producing 1172 boepd with plans for massive future development. See presentation here http://www.cardinal-uk.com/Cardinal_Factsheet_14_03_06.pdf

For further in depth research see their web address:
www.cardinal-uk.com

I would welcome your views.

Interesting stuff, Austing - I agree the co looks undervalued, but the debt/warrant situation pointed out by Andy is nasty.

Cardinal have been delisted from AIM!

Commiserations to any holders here.

Media comment, click HERE



Soultraders,

The debt/warrant situation mentioned seems to have ben a major stumbling block here, and was a clear warning IMO.