Well Test Results

Cardinal Resources plc
26 October 2006


                            CARDINAL RESOURCES PLC

                          Announces Well Test Results

                          BC No. 3A Well at 675 BOEPD

LONDON -  Thursday, 26th October 2006

Cardinal Resources plc (AIM:CDL), ('Cardinal' or 'Company') an independent oil
and gas production and exploration company operating in Ukraine, today announces
that it has completed the first stage of flow testing at Well No.3A on the
Bilousivsko-Chornukhinska (BC) Licence ('BC No. 3A Well').





The well flow tested at 4.05 million cubic feet of gas per day ('MMcfg/d') or
675 barrels of oil equivalent per day (BOEPD) from perforations between 3098 to
3103 meters in the V-20 reservoir and was flaired.  The average wellhead flowing
pressure of 88.4 atmospheres (1,300 psi) was obtained through a 9 mm (24/64 in.)
choke.





The testing follows the deepening of the Well which commenced in June 2006,
where two reservoirs ('V-18' and 'V-20') were identified as being potentially
capable of commercial production. While log analysis indicates the V-18 to be
hydrocarbon bearing; no testing was conducted on the V-18 reservoir.  The
Company intends to produce gas from the V-20 first and leave any testing and
completing V-18 until a later date.





The BC No. 3A Well is now shut-in while the test data is being analysed.  The
well will be completed at the V-20 interval and tied into the BC gas gathering
and separation facility, with completion expected in the second quarter of 2007.





The BC No. 3A Well was drilled using a Ukrainian 'hybridized' drilling rig,
developed by Cardinal, which reduced the drilling time from a forecasted eight
months to 76 days.





Commenting on today's news, Robert J. Bensh, Chairman and CEO of Cardinal said,
'I am encouraged with the improvement in drilling time and the potential impact
that has on our current drilling program.  The completion of this well and the
installation of the gas facility are important to keep Cardinal on track to meet
our goal of 3,000 BOEPD of incremental production by the end of 2007.









Background

The original BC No.3 Well was drilled in 1957 by a Ukrainian state entity.  The
re-drill of the new well, BC No. 3A, commenced in June 2006.  In early August
the Visean-17 (V-17) formation at 3,000 metres was reached.  Cardinal's
evaluation showed non-commercial indications of gas in the V-17. The well was
then deepened to 3,300 metres and the evaluation of this lower interval showed
the presence of three zones in the Visean section (V-18, V-20 and V-21) and
based upon wireline log analysis, these three zones appeared to be hydrocarbon-
bearing; with two of the zones potentially capable of commercial production.





Cliff West, Executive Vice President and Chief Operating Officer of Cardinal
(Member of the American Association of Petroleum Geologists - Certified
Petroleum Geologist # 1563) is the qualified person that has reviewed and
approved the technical information within this press announcement.





Glossary of Terms

MMcfg/d                           Million cubic feet of gas per day

BOEPD                             Barrels of oil equivalent per day





                                         ###



For further information please contact:

Cardinal Resources                            Parkgreen Communications
Charles Green / Franziska Stahlknecht         Justine Howarth /Victoria Thomas 
[phone]                          [phone] 
[e-mail]            [e-mail]





Notes to Editor





Cardinal Resources plc

Cardinal Resources plc is an independent oil and gas company engaged in the
acquisition, development, production and exploration of oil and natural gas
properties in Ukraine. Cardinal is an experienced operator in the country
focused on expanding its existing operations through the farm-in or acquisition
of additional upstream oil and gas assets that can be further developed through
the application of modern technology and expertise.

Cardinal's main assets are:

Rudivsko-Chernovozavodske (RC) Field Rudivsko-Chernovozavodske is a large under-
developed gas field (1.54 TCF original gas in place), located in the Dnieper-
Donets basin, 200km east of Kiev in the Poltava Oblast.  Cardinal has a Joint
Activity Agreement (JAA) with a subsidiary of Ukrnafta for production and
further development in which Cardinal holds a 14.9% net profit interest.

Bytkiv-Babchenske (Bytkiv) Field Bytkiv-Babchenske is an oil field, located in
the Carpathian fold belt, 45km south-west of Ivano-Frankivsk in the Nadvirna
Oblast.  Cardinal has a 45% interest through UkrCarpatOil, a Joint Venture (JV)
with Ukrnafta, to operate and develop the field.

Plus the following assets which were acquired as part of the Rudis Drilling
Company transaction in 2005:

Bilousivsko-Chornukhinska (BC) Licence Bilousivsko-Chornukhinska is a producing
gas-condensate licence in the Dnieper-Donets basin, 100% owned and operated by
Cardinal.

North Yablunivska (NY) Licence North Yablunivska is a producing gas-condensate
licence in the Dnieper-Donets basin, 100% owned by Cardinal and operated under
the JAA.  For four wells on the licence covered by JAA 429, Cardinal's interest
is only 50% in each such well.

Dubrivska (DB) Licence Cardinal has drilled an exploration well as part of the
JAA with Ukrgazvydobuvannya.

Ukrgazvydobuvannya JAA #429 Cardinal has a 50% percent interest in a JAA with
Ukrgazvydobuvannya which covers certain wells on the NY licence area and one
well in the Bilskie field.

This release may contain certain forward-looking statements.  These statements
relate to future events or future performance and reflect management's
expectations regarding Cardinal's growth, results of operations, performance and
business prospects and opportunities. Such forward-looking statements reflect
management's current beliefs, are based on information currently available to
management and are based on reasonable assumptions as of this date.  No
assurance, however, can be given that the expectations will be achieved. A
number of factors could cause actual results to differ materially from the
projections, anticipated results or other expectations expressed in this
release.  While Cardinal makes these forward-looking statements in good faith,
neither Cardinal, nor its directors and management, can guarantee that the
anticipated future results will be achieved.





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