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July 31, 2007
Reported that an event of force majeure is still on going. Plans to drill this property as soon as access is safe and unrestricted.
November 18, 2005
As a result of the inability of the company to obtain safe and unrestricted access to the Franco property in order to carry out exploration work, the company declared an event of force majeure, effective as and from September 19, 2005, thereby suspending all ongoing obligations to make payments to the vendor or to incur any exploration expenditures.
May 31, 2004
The company has been awaiting the re-start of drilling operations on the property. A local dispute over surface rights and property access has caused a significant delay in the program which Cardero anticipates having to be resolved shortly.