Dublin OH, January 9, 2014 — Cardinal Energy Group, Inc. (OTCQB: CEGX) (“Cardinal Energy” or “the Company”), today announced that it has retained MZ Group as its investor relations adviser.
MZ Group will assist Cardinal Energy with investor relations, shareholder communications and investor outreach. MZ will will target small and microcap investors interested in the energy sector, particularly high net worth investors and family offices.
Timothy Crawford, CEO of Cardinal Energy, stated, “we have assembled a talented team capable of growing shareholder value. We are extremely excited about the potential to significantly increase production in our 41 wells located in Shackelford County Texas – a prolific basin for oil. Through reworks of these previously producing wells, we are confident in exiting the first quarter of 2014 at 400 bopd from these wells alone.”
“We are extremely impressed with Tim and his vision for the Company,” said Ted Haberfield, President of MZ Group North America. “By identifying, acquiring and completing reworks on smaller, shallow wells in highly prospective areas, Cardinal Energy provides investors with an attractive opportunity to generate significant returns in the domestic oil and gas sector while taking on relatively lower risks. We look forward to helping the Cardinal Energy team introduce their story to a broad range of investors.”
About MZ Group
MZ Group, subsidiary of @titude Global, a multinational company and the world’s largest independent global investor relations consulting firm, provides investor relations, corporate communications, market intelligence, corporate governance and technology products and services. Founded in 1999, MZ Group focuses on innovation and personalized services, supported by its exclusive “one-stop-shop” business model. With offices in São Paulo, New York, Chicago, San Diego, Vancouver, Hong Kong, Beijing, Shanghai, Taipei and Mumbai, MZ has approximately 350 professionals who serve over 580 clients in 12 countries. For more information, please visit www.mzgroup.com.
Forward Looking Statements
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Cardinal Energy Group, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to obtain financing and close on the acquisition of the oil and gas leases and property, our beliefs concerning our ability to increase the rate of oil and gas production, and the expected demand, pricing and operating results for our oil and gas operations.
About Cardinal Energy Group, Inc.
Cardinal Energy Group, Inc. is a U.S producer of oil and natural gas within the United States. The Company is based in Dublin, Ohio. Cardinal focuses on known formations that have significant proven reserves remaining that can be produced economically. Cardinal targets fields with wells that may need remediation due to neglect or under capitalization. We select prospects that offer a strong up-side for production. The upside we seek in a prospect is twofold – it must have the potential to be restarted or have its current production increased using newer technology and remediation methods and; it must also have additional lease acreage which can be further developed by completing development wells adjacent to existing producing wells. Cardinal exploits these undervalued assets by acquiring a majority working interest in the prospect and then applies the Company’s calculated development plan. Cardinal also seeks acquisitions of over-leveraged companies when there is a clear upside from their purchase based on strong commodity prices. The Company operates throughout the Continental United States. More information on Cardinal Energy Group, Inc. is available at www.cegx.us.