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Lazarus

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Lazarus

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Re: Team-Brazil post# 3589

Monday, 10/14/2019 1:30:36 PM

Monday, October 14, 2019 1:30:36 PM

Post# of 3604
No mention here of THIS?

Item 7.01 Regulation FD Disclosure



On September 11, 2019, Citadel Exploration, Inc. (the "Company") announced that the Company’s lender had exercised its right under a notice of default to appoint a 3rd party receiver to manage and operate the Kern Bluff Oil Field. The Company continues, and is open to all viable options, to seek capital to satisfy its debt with the lender. At this time there is no assurance that the Company will be able to find the necessary capital to pay back debt and resume operation of the field.



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