Cardinal Energy Group Inc. (fka CEGX)

[Atlanta1123]

All of CEGX's current 26 or so wells are verticals. This is outstanding in my opinion. All it would take is a simple whipstock, 1.5 days to drill the curve, 1.5 days to set intermediate casing and another 3 days to drill the lateral. Total cost of 1 million per well with a potential 6 to 1 return on investment. Not to mention being able to drill 4 horizontal wells on one single pad. Even if he has only 6 producing and current wells that's 24 horizontals with a potential 150 million dollar return. Yes this is much bigger than CEGX and it will take partnership to complete. But saying there is no potential is absolutely absurd.