Cardinal Energy Group Inc. (fka CEGX)

[tdbowieknife]

All those "wells" are pluggers and have produced practically nothing... They are nothing but PR bait to sell shares. These stock selling scams need some sort of storyline to sell stock. Why not some bullshit about pumping oil when oil is going up.

The only 2 lease even worth a look...

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.


Some interesting letters posted on the TRRC site talking about forgery and fraud.

CEGX forges signature on a P-4 for the Bradford West lease trying to get out of another plugging liability.



https://drive.google.com/file/d/0B8fPIL-cKPM-b05QajF0NFF1X0E/view


And...

Crawford telling "investors" that CEGX operating is in full compliance is another lie...

CEGX operator No. 140712 is NOT in compliance and the TRRC is still holding the bond as it is NOT listed on the P-5. And the assertion that I was lying about the status of the P-5 is a LIE. The P-5 status changed just this morning to Active-Ext. They were given a 90 extension to COMPLY with the P-5 renewal requirements. So far only 2 wells meet those requirements.

Here's the list I just took screen shots of minutes ago...










Also the only severance issues that have been resolved is the P-5, all the others are still outstanding.

And what's with the bullshit story about the forged signature from Crawford??? Why didn't he tell the TRRC that?? Lol! Because it not true...

Crawford is a lying scammer...


And then there are the Toxic lenders...


Rockwell Capital has had 3 lawsuits and settlements with CEGX... At least one has not been mentioned before in any 8-K.

More dilution sure to come.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130264766


More info...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130264766



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Buyer Beware

TRRC plugging liabilities up the wazzooo !!

Pump and dump scam



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