Cardinal Energy Group Inc. (fka CEGX)

[Atlanta1123]

Oh yeah, these currents wells we are working only take about 14 days to drill and can be drilled with only 2 strings and with no intermediate casing making it very cost effective. Still, to obtain a lease and the proper permits, drill the well, set production casing, frac and finalize the well and bring into production will cost roughly 3 to 4 million per well. They would seriously have to raise a lot of Capitol to drill here. With that said it's usually a 4:1 on returns. Sometimes better and sometimes worse.