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Cardinal Energy Group Inc.. (CEGX)

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Last Post: 3/23/2017 12:24:07 AM - Followers: 194 - Board type: Free - Posts Today: 4
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

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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
News News Alert: Current Report Filing (8-k) 03/22/2017 02:39:01 PM
#8953  Sticky Note NEW HIGH OIL ALERT FOR SHACKELFORD AND EASTLAND jessejames001 03/19/17 06:53:19 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
#9526   CEGX #18 on most read boards __SmartMoney__ 03/23/17 12:24:07 AM
#9525   Nice man............Lets go CEGX, setting up for a jessejames001 03/23/17 12:08:42 AM
#9524   Preferred Stock CEO, Timothy Crawford, 1,000,000 shares of beer$$money 03/23/17 12:04:31 AM
#9523   This is huge news..............Just put all the dots jessejames001 03/23/17 12:01:30 AM
#9522   Absolutely.....I can see what they are doing now. jessejames001 03/22/17 11:59:26 PM
#9521   Chart is still a Screaming BUY BUY BUY $CEGX beer$$money 03/22/17 11:45:53 PM
#9520   That means big money coming in the future jessejames001 03/22/17 11:40:42 PM
#9519   You cant deny the facts that are provided jessejames001 03/22/17 11:37:52 PM
#9518   100% agree with you Atlanta1123. Nothing better than beer$$money 03/22/17 11:36:41 PM
#9517   Thanks for pointing out how undervalued $CEGX is! beer$$money 03/22/17 11:33:43 PM
#9516   IMO, buying up this company might be cheaper jessejames001 03/22/17 11:33:23 PM
#9515   your not all in you sold and kept jessejames001 03/22/17 11:29:48 PM
#9514   With 500 mill wall street company backing, and jessejames001 03/22/17 11:28:08 PM
#9513   I sure hope you're right brothaman! I'm all Atlanta1123 03/22/17 11:27:32 PM
#9512 jessejames001 03/22/17 11:25:32 PM
#9511   ONLY 3 NEW ALERT AREAS in ALL of jessejames001 03/22/17 11:24:53 PM
#9510   SOMETHING BIG HAPPENING HERE. merging with another company jessejames001 03/22/17 11:22:30 PM
#9509   Yes. Because he is 70 and has Atlanta1123 03/22/17 11:20:33 PM
#9508   I need to see proof they have active Atlanta1123 03/22/17 11:15:02 PM
#9507   Bud we all have issue's to deal with beer$$money 03/22/17 11:12:36 PM
#9506   Was it the finance retiree? jessejames001 03/22/17 11:10:04 PM
#9505   I didn't say otherwise... someone posted an invalid La Dolce Vita 03/22/17 11:07:29 PM
#9504   Agreed but I'm looking for some input from beer$$money 03/22/17 11:06:59 PM
#9503   They're acquiring EOI Eagle Operating Inc out of Atlanta1123 03/22/17 11:06:10 PM
#9502   Thats all BS speculations, Meyers still in, but jessejames001 03/22/17 11:05:37 PM
#9501   I agree, I posted the 8-k in my La Dolce Vita 03/22/17 11:03:13 PM
#9500   No... It's listed as Active-Ext. That means tdbowieknife 03/22/17 11:03:00 PM
#9499   25 active wells. Cool! Sage7243 03/22/17 11:02:14 PM
#9498   AND THEIR WELLS ARE 15 MILES FROM A jessejames001 03/22/17 11:00:37 PM
#9497   I'm beginning to lean your way. EOI Atlanta1123 03/22/17 11:00:29 PM
#9495   Eagle is Different Company In North Dakota beer$$money 03/22/17 10:57:08 PM
#9493   Oh, please...250 million share were returned to the Sage7243 03/22/17 10:48:39 PM
#9492   You didn't see the 8-k today, and how La Dolce Vita 03/22/17 10:44:04 PM
#9491   Dude. This is a completely different company Atlanta1123 03/22/17 10:42:48 PM
#9490   Stay Tuned, Cardinal is gearing up to run. The La Dolce Vita 03/22/17 10:34:51 PM
#9489   More PR's coming as stated in prior emails jessejames001 03/22/17 10:32:01 PM
#9487   Were are the delinquent filings that have been promised??? tdbowieknife 03/22/17 10:27:34 PM
#9486   i dont think Meyers would take anything less jessejames001 03/22/17 10:25:55 PM
#9485   if true meyers kept 50 million a Investophile 03/22/17 10:24:08 PM
#9484   Agreed Jessejames we are still reading between the beer$$money 03/22/17 10:22:53 PM
#9483   not true Investophile 03/22/17 10:20:24 PM
#9480   Man , you nailed that 8K call ....You jessejames001 03/22/17 10:01:48 PM
#9476   That means they operate them. Doesn't mean CEGX tdbowieknife 03/22/17 09:48:37 PM
#9475   THINGS ARE ABOUT TO EXPLODE MY FRIEND jessejames001 03/22/17 09:43:09 PM
#9474   I agree. I can't wait for the Pierretp 03/22/17 09:12:53 PM
#9473   again...good news i think today...but market makers don't Investophile 03/22/17 08:57:10 PM
#9472   Nothing was said about Meyers being out....Thats assumptions. jessejames001 03/22/17 08:51:15 PM
#9471   Today the MM's calibrated the SP for tomorrow's La Dolce Vita 03/22/17 08:43:52 PM
#9470   I think it took people off guard about mitch1074 03/22/17 08:40:56 PM
#9469   very positive,, suprized the s/p did'nt surge today,, abrois 03/22/17 08:31:27 PM