Cardinal Energy Group Inc. (fka CEGX)

[tdbowieknife]

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. The P-5 status changed April 3rd 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.











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

Crawford FAILED to appear for this hearing April 25th.

http://www.rrc.state.tx.us/media/39436/04-25-17-mdo.pdf

So much for the doing it right bullshit.


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...


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



https://rrcsearch3.neubus.com//rrcdisplay/8634e243289359207757e779d5d29719_1491166322.pdf



Bradford "A" leases no. 30449 daily oil potential and allowable. These are the only 2 lease Crawford paid the severance fees on and got the P-4 reinstated. all the other lease are still severed, no P-4.

There are 12 wells. 2 are shut in and not allowed to produce and one is an injection well. Keep in mind that these wells need to sit and regenerate a bit, sometimes months. Wells like these don't produce this all at the same time and continue to diminish as time goes on. Many of these oil well potential test were done years ago and the wells have petered out. these wells need to sit and regenerate a bit, sometimes months.

Well 1A - 1.5 barrels oil, 2 barrels water.

Well 2A - injection

Well 3A - 2 barrels oil, 1 barrel water.

Well 4A - 0.5 barrel oil, 1 barrel water.

Well 5A - 4 barrels oil, 2 barrels water.

Well 6A - 3 Barrels oil, 3 barrels water.

Well 7A - 2 barrels oil, 1 barrel water.

Well 8A - 1.5 barrels oil, 1 barrel water.

Well 9A - 1 barrel oil, 2 barrels water.

Well 14 - 0.3 barrel oil, 1 barrel water.

Wells 10A and 12A - Shut in no allowable.



Bradford "B" Lease No. 30450 8 wells, 1 is an injection.


Well 1B - 2 barrels oil, 0 water.

Well 2B - 1 barrel oil 2 barrels water.

Well 3B - 1 barrel oil, 23 barrels water. Wow...

Well 6B - 2 barrels oil, 3 barrels water.

Well 4B - injection, no allowable.

Well 5B - 4 barrels oil, 4 barrels water.

Well 7B - 2 barrels oil, 5 barrels water.

well 10B - 1.5 barrels oil, 12 barrels water.


Here's a map of the Bradford A and B leases. The wells are the green dots and as one can see they are concentrated in the middle of the 2 leases. There is no oil outside of that area. They applied for a few permits around 2 years ago that are still valid, those wells if drilled would be the same as the others already drilled.

Click image to enlarge:


Map Legend:





EOI operating is P-5 is also active-ext.

EOI has 54 wells in their wellbore inventory and most of them are shut in...

EOI has 6 producing wells. The last production report available is for Jan. 2017. It was reported they produced 5 barrels of oil for the month.

Proof...

EOI production for Jan 2017

Click images to enlarge:



EOI produced 12 gallons of oil a day in February and CEGX operating ZERO oil...

54 wells



All these wells shut in...









Crawford has hooked up with the worst of the worst...

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

More info about Meyers and Rockwell's game. Meyers comes up near the bottom. CEGX "investors" should all read this DD posted by nodummy.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129399759



Meyers and his cronies.

http://www.mahanyertl.com/2014/meyers-associates-slammed-stockbroker-fraud-case/

http://www.stocklaw.com/Securities-Fraud-Blog/2014/April/NY-Firm-Meyers-Associates-A-Standout-Broker-Deal.aspx



The latest from FINRA...

Click image to enlarge:


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Buyer Beware

TRRC plugging liabilities up the wazzooo !!

Pump and dump scam



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