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Cardinal Energy Group Inc.. (CEGX)

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Last Post: 2/27/2017 4:22:13 AM - Followers: 172 - 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 2-8-2017 is 920,937,557

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Current Price
Bid Ask Day's Range
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
CEGX News: Proxy Statement - Other Information (preliminary) (pre 14c) 12/02/2016 06:05:08 AM
#5780  Sticky Note Cardinal Energy STILL cannot sell a drop of oil... tdbowieknife 02/12/17 10:08:44 PM
#4329  Sticky Note Total shares from cross trades after yesterdays 8k: 10 keeks989 01/31/17 07:21:33 PM
#2842  Sticky Note CEGX Why should CEGX be trading at a RLBTrader 01/15/17 06:56:07 AM
#1472  Sticky Note CEGX, the Permian Basin and Wall Street: Q7 01/08/17 02:18:09 PM
#700  Sticky Note CEGX !!! $500 mill firm is taking control MAXMILLION 01/06/17 12:10:36 PM
#6501   I got no email back from him sorry stevensander 02/27/17 04:22:13 AM
#6500   Yes the CEO Mr Crawford answered 4 of mitch1074 02/27/17 12:18:52 AM
#6499   The time for the bounce is nearly here. Even La Dolce Vita 02/26/17 11:40:50 PM
#6498   dang more t-trades 0005 might be support at RammageRaul 02/26/17 08:47:27 PM
#6497   That is current news that CGEX has neglected tdbowieknife 02/26/17 08:05:13 PM
#6495   Filings becoming current, thats old news you speak jessejames001 02/26/17 07:44:35 PM
#6494   Cegx does not have any production. They are 1oil guy 02/26/17 07:33:51 PM
#6493   Send a email to him has responded twice mitch1074 02/26/17 02:07:47 PM
#6492   Post the email. DallasInvest 02/26/17 12:25:12 PM
#6490   I don't remember last time looking saying under construction. mitch1074 02/26/17 09:55:19 AM
#6489   That "page under construction" has been there for tdbowieknife 02/26/17 09:51:00 AM
#6488   I got second email back from Mr Crawford mitch1074 02/26/17 07:56:58 AM
#6487   Thanks for the update.... News coming MG-Trader 02/25/17 07:45:13 PM
#6486   Sounds good. Thanks for the info. ProfitChaser 02/25/17 07:31:39 PM
#6485   with all the great DD done by a jessejames001 02/25/17 07:21:56 PM
#6484   Lucky you-CEO's email Thurs./23rd said he's finishing up Euripides90 02/25/17 07:19:04 PM
#6483   The time is next week as we are sim2010 02/25/17 06:34:45 PM
#6482   Added some 0009 Friday. With the kind of ProfitChaser 02/25/17 06:06:48 PM
#6481   [email protected] mitch1074 02/25/17 05:28:35 PM
#6480   What is the emal address that you used La Dolce Vita 02/25/17 05:20:31 PM
#6479   Received email back today sent today Mr Crawford mitch1074 02/25/17 04:59:06 PM
#6478   Nice hammer formed Friday. Hope we're up from RollinPennies 02/25/17 01:04:06 AM
#6477   AS has clearly had to be raised by ThrowinShapes 02/24/17 10:46:42 PM
#6474   But it won't... tdbowieknife 02/24/17 08:01:39 PM
#6473   Definitely a unusual trading day This should have mitch1074 02/24/17 07:38:56 PM
#6472   There was about 55% buy volume to sell La Dolce Vita 02/24/17 07:06:49 PM
#6471   Nice short panic end of day this has mitch1074 02/24/17 07:00:09 PM
#6470   I thought dilution was done last week should mitch1074 02/24/17 05:27:14 PM
#6469   Another Big T-Trade for 11,900,400! Would be real beer$$money 02/24/17 04:45:13 PM
#6468   Was a great buying opportunity today especially with mitch1074 02/24/17 04:41:49 PM
#6467   Can't agree more $CEGX MG-Trader 02/24/17 04:22:01 PM
#6466   Exactly why it was a no brainer to beer$$money 02/24/17 04:16:29 PM
#6465   well when this reaches .0005 by next friday Crystalballz 02/24/17 04:15:46 PM
#6464   Dilution is almost done today. Next week sellers sim2010 02/24/17 04:09:06 PM
#6463   Was close to selling for a loss but buzzlightyr 02/24/17 04:06:00 PM
#6462   NEXT WEEK MARCH MADNESS BEGINS WITH HUGE NEWS..........GREAT CLOSE. jessejames001 02/24/17 04:05:20 PM
#6461   Nice smack EOD MG-Trader 02/24/17 04:03:25 PM
#6460   Nice close. This will run on Monday ;) sim2010 02/24/17 04:00:42 PM
#6459   Hope we all see HUGE fireworks shortly. And stressfreeliving 02/24/17 03:58:08 PM
#6458   News will me major and the run will La Dolce Vita 02/24/17 03:56:36 PM
#6457   Pow Pow. .0010s up and going. stressfreeliving 02/24/17 03:56:34 PM
#6456   lets close green. BigMoneyAtl 02/24/17 03:56:30 PM
#6455   Wow! Great volume no matter what is going stressfreeliving 02/24/17 03:54:58 PM
#6454   only 1 mil 0009's left smack em while jessejames001 02/24/17 03:51:33 PM
#6453   keep smacking the ask its thin..........we will be jessejames001 02/24/17 03:49:19 PM
#6452   to think i almost bot 2 m at abrois 02/24/17 03:41:06 PM
#6451   .0008 added today MG-Trader 02/24/17 03:33:00 PM
#6450   No don't do that yet JackAskSlap 02/24/17 03:26:10 PM
#6449   Hit the ask guys. sim2010 02/24/17 03:23:53 PM
#6448   Huge news next week Find out why $500 fund Volcano 02/24/17 03:23:09 PM