CDS Oil & Gas Group PLC, the AIM-quoted oil and gas explorer, announces that Mr James Wade has resigned as a Non Executive Director and Senior Vice-President, effective 29 February 2008. Jim was a founder shareholder of the Company and its President and CEO from its inception in 2003 until October 2006.
Mr Patrice Roman, Chief Executive Officer, stated: "I would like to thank Jim for his commitment to CDS and his vital role in developing the Company. Without Jim's vision in recognising the potential of the Chaco basin in Paraguay and his perseverance in raising the initial capital, we would not now be in a position to take forward our current exciting exploration programme."
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