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Cardinal Energy Group Inc.. (CEGX)

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Last Post: 1/20/2017 2:01:56 AM - Followers: 120 - 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.

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Current Price
Bid Ask Day's Range
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
CEGX News: Statement of Ownership (sc 13g) 08/01/2016 05:21:44 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
#1074  Sticky Note DD ~~> they would only take shares knowing WarChest 01/07/17 09:11:30 AM
#700  Sticky Note CEGX !!! $500 mill firm is taking control MAXMILLION 01/06/17 12:10:36 PM
#3397   Closing $ 0.0019 tomorrow we will see .... Michel 01/20/17 02:01:56 AM
#3396   Because every day trmw? Michel 01/20/17 01:55:47 AM
#3395   Opinions everybody has one? Don't like the odds beer$$money 01/19/17 11:09:04 PM
#3394   Hey bud. Last time I saw u was ThrowinShapes 01/19/17 11:07:15 PM
#3393   It would be finically detrimental to traders and tdbowieknife 01/19/17 10:58:43 PM
#3392   CEGX will do just fine, NEWS soon. Imo fh6282 01/19/17 10:47:13 PM
#3391   CEGX TheHungryHippo 01/19/17 10:24:45 PM
#3390   That must be it. RLBTrader 01/19/17 09:14:03 PM
#3389   You're assuming that... fh6282 01/19/17 09:11:58 PM
#3388   The total stock they can sell is endless... tdbowieknife 01/19/17 09:10:24 PM
#3387   I talked to Meyers Associates on the phone RLBTrader 01/19/17 09:08:35 PM
#3386   Thank you for pointing out the 1,000,000 preferred RLBTrader 01/19/17 09:02:52 PM
#3385  Restored That's NOT how it works. That would be tdbowieknife 01/19/17 08:25:59 PM
#3384   Thanks for the link! the P-5 Permit is beer$$money 01/19/17 08:17:03 PM
#3383  Restored Cardinal Energy cannot sell a drop of oil... tdbowieknife 01/19/17 07:59:10 PM
#3382   201,500,000 shares dumped since 8K mmscoutregiment 01/19/17 07:49:21 PM
#3381   MEYERS website has been down since 1/8/17. It mmscoutregiment 01/19/17 07:44:32 PM
#3380   You are wrong, here's some DD: mmscoutregiment 01/19/17 07:43:05 PM
#3379   That would very likely be Rockwell Capital, a tdbowieknife 01/19/17 07:39:01 PM
#3378   There have been several large blocks purchased since msubulldog92 01/19/17 05:46:43 PM
#3377   What I found interesting was the 125,000,000 million beer$$money 01/19/17 05:30:55 PM
#3376   Good time to buy at this level. sim2010 01/19/17 03:39:53 PM
#3375   Ready for an epic RUN$$$ fh6282 01/19/17 03:31:59 PM
#3374   Closing 0026 and poping 005 tmrw This baby ready Volcano 01/19/17 03:30:33 PM
#3373   Definitely looks like it. CEGX$$$ fh6282 01/19/17 03:29:23 PM
#3372   Fully loaded today and almost doubled my position. sim2010 01/19/17 03:29:22 PM
#3371   Big bidders stepping up. Lets close this thing green. RLBTrader 01/19/17 03:22:20 PM
#3370   I agree Volcano...something like Krakatoa. RLBTrader 01/19/17 03:19:11 PM
#3369   Tomorrow will be interesting. sim2010 01/19/17 03:17:45 PM
#3368   BMAK helping to load today Looks like the dillution Volcano 01/19/17 03:12:41 PM
#3367   Another interesting observation I noticed today was BMAK RLBTrader 01/19/17 03:10:49 PM
#3366   Also papa... if they have in fact raised RLBTrader 01/19/17 03:06:59 PM
#3365   Yes papa...there is a good chance the dilution RLBTrader 01/19/17 03:01:36 PM
#3364   People need to hit the ask now. sim2010 01/19/17 03:00:25 PM
#3363   hummmm...interesting RLB. papadedavid 01/19/17 02:59:14 PM
#3362   The significant reduction in volume may be telling RLBTrader 01/19/17 02:59:14 PM
#3361   What I find interesting about that number 596 RLBTrader 01/19/17 02:56:48 PM
#3360   Maybe. The stock market may rally on Johnny26 01/19/17 02:52:39 PM
#3359   News maybe tmrw? Volcano 01/19/17 02:39:48 PM
#3358   Calm before storm? sim2010 01/19/17 02:39:23 PM
#3357   The o/s keeps increasing but the vol has papadedavid 01/19/17 02:37:15 PM
#3356   Just received the updated ss...thougths?? papadedavid 01/19/17 02:24:52 PM
#3355   No bags here. This is the price before DallasInvest 01/19/17 01:20:09 PM
#3354   BMAK againnnnnn Michel 01/19/17 12:34:47 PM
#3353   Time to move NORTH. CEGX$$$ fh6282 01/19/17 12:29:04 PM
#3352   Time to explode The news coming here Super volcano explosion Volcano 01/19/17 12:14:40 PM
#3351   Nice! CEGX should be up from here... JackOfAllTrades 01/19/17 12:07:14 PM
#3350   BMAK GONE! SmartTrader10 01/19/17 12:05:50 PM
#3349   BMAK out Michel 01/19/17 12:03:08 PM
#3348   cheap shares = more bags… beware Princetonstockclub 01/19/17 11:55:43 AM