Cardinal Energy Group Inc. (fka CEGX)

[OilGuy2]

Yep..you know the biz. Those are big capital raises needed. Do you know the bonus/acre cost in those areas? CEGX is going to find a lot if money.
We have 3/4 of a section with a possible Chester siltstone about 5k' depth. Our operator/Geo did a vertical nearby a few years ago that's doing 100-150 BOPD. We are waiting and thinking about doing a lateral. I think we paid about $50k for our lease....480 acres. We also have 3 Wells doing about 40-60 BOPD in the Hope lime at 1900'.