Cardinal Energy Group Inc. (fka CEGX)

[tdbowieknife]

Cardinal Energy STILL cannot sell a drop of oil...

Lets not forget all these whoppers that Timothy Crawford failed to mention in the filings and did not 8-K.

CEGX P-5 is delinquent and with a TNR 91.114 Flag...

CEGX operator P-5 link here


All 14 of CEGX leases are Severed including the Bradford A and Bradford B which where the best producers at 3 barrels a day each... The rest are complete garbage and nothing but plugging liabilities.

Click image to enlarge:




TRRC order preventing CEGX from selling a single drop of oil...

http://www.rrc.state.tx.us/media/34729/20-0301211-cegx-of-texas-llc.pdf


Extensions for all wells denied but for 6.

Click images to enlarge:







And,

Motion for rehearing DENIED...

http://www.rrc.state.tx.us/media/35801/20-0301211-cegx-of-texas-llc.pdf


Production records for Bradford "A" and Bradford "B" leases. Nothing impressive at all considering the money they claim to have spent.

Bradford "A" lease production since Jan 2016 to severance (November)...

Average was 102 barrels a month or 3.40 BOPD. (Barrels of Oil Per Day)




Bradford "B" lease production since Jan 2016 to severance...

Average was 105 barrels a month or 3.51 BOPD.




These are soon to be plugging liabilities as well.. Production is all downhill from here after the recompletions and workovers.

Very little to no production from the other 12 leases. They are all currently plugging liability's.


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Buyer Beware

TRRC plugging liabilities up the wazzooo !!

Pump and dump scam



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