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Cardinal Energy Group Inc.. (CEGX)

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Last Post: 3/25/2017 1:57:54 AM - Followers: 191 - Board type: Free - Posts Today: 2
Verified Company Profile11/08/2016
Contact Info
  • 500 Chestnut Street
    Suite 1615
    Abilene, TX 79602
Business Description

Cardinal Energy Group, Inc. is an environmentally responsible independent oil and gas producer focused in north-central Texas. We are engaged in the business of acquiring, developing and operating oil and gas leases. These operations are primarily focused on properties in which we hold a leasehold interest. We may however, from time to time, offer our drilling and field development and production services to third parties. We may offer these services to other oil and gas companies on a fee basis or we may offer such services in connection with the offering of participation interests in Development Drilling Programs to accredited private investors. We are focused on growth via the development of shallow proven undeveloped reserves in or adjacent to currently producing fields, exploiting untapped â??behind the pipeâ? reserves by re-completing existing well bores in zones overlying currently producing formations and by the selected application of water flood and other secondary recovery techniques to mature but marginally producing fields throughout north-central Texas. We may enter into agreements with third party mid-sized and small independent oil and natural gas companies to drill wells and own interests in oil and natural gas properties. We also may drill and own interests without such strategic partners.

On January 5th CEGX filed an 8k giving majority control to Meyers and Traina....:

Check out their website:


On December 29, 2016, Cardinal Energy Group, Inc. (the “Company”) filed a Form 8-K in which it reported, in part, that it had 95,429,557 shares of common stock issued and outstanding. On or about December 30, 2016, the Company issued to each of Meyers Associates, L.P. (“Meyers”) and to Gregory R. Traina (“Traina”) 150,000,000 shares of its restricted common stock in connection with placement agent and other services rendered to the Company, resulting in a total issuance of 300,000,000 shares of restricted common stock.


The issuances of the above shares were exempt from the registration requirements of Section 5 of the Securities Act of 1933 (the “Act”) pursuant to Section 4(a)(2) thereto not involving a public offering. Following the issuances and as of the date of this filing, the Company has a total of 395,429,557 shares of common stock issued and outstanding.


ITEM 5.01 Changes in Control of Registrant.


The issuance of the 300,000,000 million shares of common stock described in Item 3.02 above results in Meyers and Traina, collectively acquiring voting control of the Company, holding 59.36% of the voting power of all shares of capital stock outstanding. After the issuance of the new 300,000,000 shares of common stock, the Company has 395,429,557 shares of common stock and 1,000,000 shares of Series A Preferred Stock issued and outstanding, respectively. Each share of Series A Preferred Stock has voting rights equal to 110 votes per share. As a result of the transaction, the total outstanding voting power of the Company is 505,429,557 shares, with the new 300,000,000 shares of common stock representing 59.36% of the voting power of all shares of capital stock outstanding.



O/S as of 3-2-2017 is 941,776,477

  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Current Price
Bid Ask Day's Range
CEGX News: Current Report Filing (8-k) 03/22/2017 02:39:01 PM
CEGX News: Current Report Filing (8-k) 01/30/2017 03:23:51 PM
CEGX News: Current Report Filing (8-k) 01/05/2017 03:59:39 PM
CEGX News: Current Report Filing (8-k) 12/29/2016 06:05:34 AM
CEGX News: Information Statement - All Other (definitive) (def 14c) 12/12/2016 01:26:00 PM
#9372  Sticky Note here-it-is,8K: We begin to see why Euripides90 03/22/17 02:54:24 PM
#7397  Sticky Note Updated: Cardinal Energy STILL cannot sell a tdbowieknife 03/04/17 03:43:07 PM
#7339  Sticky Note All of CEGX's current 26 or so wells Atlanta1123 03/04/17 12:14:26 PM
#9744   Really.... Nice address Donald Trumps 03/25/17 01:57:54 AM
#9743   The address is a house. Drove by today. DallasInvest 03/25/17 12:39:32 AM
#9742   As of now has any of these wells dukelasilvertbird 03/24/17 10:01:00 PM
#9741   Found this online: sim2010 03/24/17 09:03:56 PM
#9740   My thoughts exactly, Meyer's 250 million were restricted La Dolce Vita 03/24/17 07:25:59 PM
#9739   OS numbers are still very simple. We know beer$$money 03/24/17 07:03:29 PM
#9738   but then again back to your lives citizens Crystalballz 03/24/17 06:01:38 PM
#9737   the O/S at eod should be no more Crystalballz 03/24/17 05:58:52 PM
#9736   And here comes the scare tactic so they sim2010 03/24/17 05:24:55 PM
#9735   CEO using some old mans "going to pasture" Crystalballz 03/24/17 05:09:36 PM
#9734   Clearly MMs shorting life out of this stock. sim2010 03/24/17 05:08:14 PM
#9733   This is a new one to me. Pierretp 03/24/17 04:46:37 PM
#9732   Music to be ears... our TA is not gagged. $CEGX La Dolce Vita 03/24/17 04:46:05 PM
#9731   From Empire current CEGX OS is 983,376,477 beer$$money 03/24/17 04:44:44 PM
#9730   $CEGX - I'll be adding next week. Crawford is La Dolce Vita 03/24/17 04:16:08 PM
#9729   Merger pr pm Monday perhaps ...? We redskinpride 03/24/17 04:03:11 PM
#9728   Sellers will regret choices soon! Sage7243 03/24/17 04:00:47 PM
#9727   Then do share the "significance." the main catalyst mmscoutregiment 03/24/17 03:57:34 PM
#9726   Like most, you just don't understand the significance iamiman1 03/24/17 03:54:15 PM
#9725   Communication has always been poor with cardinal. Why mmscoutregiment 03/24/17 03:52:28 PM
#9724   The last 8k is a huge let down. mmscoutregiment 03/24/17 03:46:10 PM
#9723   Looks ready to move. Nice :) sim2010 03/24/17 02:15:40 PM
#9722   Hit the ask guys. Let it run. sim2010 03/24/17 01:36:17 PM
#9721   Lol... ya right ... CEGX! redskinpride 03/24/17 12:56:39 PM
#9720   Mmex type run coming here ... watch ... imho redskinpride 03/24/17 12:55:54 PM
#9719   Outgoing CFO maintains board of directors role and vulken17 03/24/17 12:51:56 PM
#9717   This beast is getting ready. Definitely watching since MoonIsNear 03/24/17 12:31:04 PM
#9716   So very true... you cannot dump restricted shares, La Dolce Vita 03/24/17 12:21:54 PM
#9715   I am indeed. DallasInvest 03/24/17 12:20:59 PM
#9713   Trips by Wednesday DallasInvest 03/24/17 12:16:55 PM
#9712   Gone? Everybody is gone? Who is missing? And beer$$money 03/24/17 12:13:02 PM
#9710   Trips by Wednesday. Rinse and repeat DallasInvest 03/24/17 12:02:42 PM
#9706   Take your time, make DD, and look for BitInvest 03/24/17 11:55:38 AM
#9705   Agree 100% I as well sent an email __SmartMoney__ 03/24/17 11:53:19 AM
#9704   More like Texas Hold'em.... You got to know when Chittalker 03/24/17 11:52:41 AM
#9703   So you're a millionaire after playing penny stocks DallasInvest 03/24/17 11:49:35 AM
#9702   It might be scam of the century... BitInvest 03/24/17 11:48:00 AM
#9701   It's a share scam so probably. Notice how DallasInvest 03/24/17 11:47:59 AM
#9700   Is that Meyers dumping 50 mm? sim2010 03/24/17 11:31:41 AM
#9699   No one in their right mind should sell sim2010 03/24/17 11:02:49 AM
#9698   CEGX is not tanking my friend, it's positional Chittalker 03/24/17 10:57:54 AM
#9697   People are just too impatient sometimes. Chart is RollinPennies 03/24/17 10:56:10 AM
#9696   MM's are enticing to sell lower by creating sim2010 03/24/17 10:49:24 AM
#9695   Manipulation to shake weak hands. sim2010 03/24/17 10:45:26 AM
#9694   No worries here. Hold tight and buy IMO. Glta RollinPennies 03/24/17 10:43:46 AM
#9693   Sorry guys. This is tanking because I bought mackie1 03/24/17 10:42:27 AM
#9691   I believe it produced a robust 1200bbl+ over........20 DallasInvest 03/24/17 10:28:33 AM
#9690   Because they all begin with infinite tomorrows, sideways DallasInvest 03/24/17 10:26:49 AM
#9689   Looking good. March to pennies begins :) sim2010 03/24/17 10:03:41 AM
#9688   Morning CEGX! tinowalton 03/24/17 10:03:24 AM