Cardinal Energy Group Inc. (fka CEGX)

[InvestorVeritas]

Bibi3081 - Please read my previous posts from the past couple weeks.

A great company???? Name one great thing about this company as it currently stands. Anything related to owning, operating or selling oil produced from oil leases they are garbage. They produce zero oil and haven't produced anything in a solid year! In communicating with Tim Crawford they "don't know" when they will start working their leases again.

A new office and new CEO for an insolvent company are irrelevant. Since Cardinal cannot sell ANY oil, they pull out of the ground oil price is completely irrelevant.

Here is your CEGX snapshot:
1. CEGX has no money. They are essentially insolvent.
2. Every CEGX lease is tied up in a lawsuit.
3. CEGX has unloaded leases into someone else name (see Texas Railroad Commission Website).
4. The landowner of the Bradford has a legal judgement that nullifies CEGX's Bradford leases. He has taken back the Bradford land due to non production of oil. See landowners judgement against CEGX posted below:
https://www.scribd.com/document/360583553/Judgement-against-CEGX
5. As it stands right now, CEGX cannot sell oil in the state of Texas. Hence the reason oil production has been reported to the Texas Railroad Commission since Oct 2016.