CDS Cds Oil & Gas

RNS Number:2413M
CDS Oil & Gas Group PLC
22 January 2008

                                                               126 Brompton Road
                                                          London, United Kingdom
                                                                         SW3 1JD

                                                         E-Mail: info@cds.com.py
                                                        Web Site: www.cdsogg.com

NEWS RELEASE

For release: Tuesday, January 22, 2008



    CDS PROVIDES EXPLORATION PROGRAMME UPDATE ON ITS CHACO BASIN PROPERTIES 
                                 IN PARAGUAY



LONDON, England: 22 January 2008 - CDS Oil & Gas Group plc ("CDS" or the 
"Company"), the AIM-quoted oil and gas explorer (CDS.L), is pleased to provide
an update on the comprehensive exploration programme being undertaken on its
Chaco Basin properties in Paraguay.

Harmattan FZE of Fujairah, UAE has commenced a 2-D seismic programme in the
immediate area around the Emilia well and will continue to complete the 700km
survey on the Boqueron Block, with the 281km programme on the Gabino Mendoza
Block to follow. This programme will substantially add to the 2-D seismic
database which was compiled by earlier exploration companies in the 1970s and
1980s and which was re-processed by CDS in 2007. The Minister of Public Works
and Communications and the Vice Minister of Mines and Energy of the Government
of Paraguay as well as the Governor of the Boqueron Province visited the Emilia
work site for the "official" start of the seismic programme. They were
accompanied by CDS Energy management.

Carson Helicopters of Perkasie, Pennsylvania has completed a 9,200 km aeromag
and aerogravity programme over the Boqueron, Gabino Mendoza and PG&E Blocks.
Final results from analysis of data are expected in mid February 2008.

ETI of Houston, Texas, has commenced a reconnaissance geochemical programme on
the Gabino Mendoza and Boqueron Blocks and will complete the programme over the
three blocks after the rainy season.

Line opening for the geochem and seismic programmes has been completed on the
Gabino Mendoza Block and is 60% completed on the Boqueron Block. This work has
been undertaken by Paraguayan contractors.

Once these work programmes are completed the results of the three surveys will
be correlated and used to select drill targets. It is expected that drilling
will commence in the second half of 2008, depending upon rig availability.

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.


For further information:

CDS Oil & Gas Group                                 Tel: +41 22 700 68 60
Patrice Roman, Chief Executive Officer


Hanson Westhouse                                    Tel: 020 7601 6100
Louis Castro / Richard Baty


UK Enquiries:

Hudson Sandler                                      Tel: 020 7796 4133
Jessica Rouleau / Sandrine Gallien / Fran Read


Other Enquiries

B4 Communication                                    Tel: +41 22 592 50 22
Claude Baumann / Frederic Jacquemoud






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