Cardinal Energy Group Inc. (fka CEGX)

[Atlanta1123]

I'm a geological consultant currently contracted with a very small company out of Houston. We are currently trading on NYSE but was in about the same situation as CEGX. My company is currently bigger than CEGX of course but we only have 2 rigs and 12000 acres leased here in Oklahoma. In order to bring things current and in order not to lose our leasing we had to bring in a global investor just like Meyers. We currently have a 60 well contract in the Mississippian stack play. The first 20 wells our investor pays 90 percent of production costs for 80 percent royalties, the next 20 is a 50/50 deal, and the last 20 is a reversal of the first 20. Even though we have 12000 acres, if CEGX even just has 2500 acres leased that's a potential 100 million in their pocket not to mention a potential stack play opportunity doubling that amount. Just saying.