‘9 news wells are drilled with 8 completed and producing’
Dublin OH, November 13, 2014 — Cardinal Energy Group, Inc. (OTCQB: CEGX) is pleased to announce that nine new wells drilled have been drilled to the Tannehill Sandstone formation on its 320 acre Bradford Prospect. Of the 9 new wells, 6 have been completed and are producing.
The newly drilled wells along with the 7 wells that were existing on the Bradford leases are producing an average of 37 BOPD combined: the newly drilled and completed wells are the Bradford A #5, A #6, A #7, the B #5, B #6 and the B #7, with the A #8, A 9# and the B #4 injector to be completed in the next couple of days.
Timothy Crawford CEO of Cardinal comments, “With the well information collected and the remapping from the delineation program of the Bradford prospect, we now feel confident that there are an additional 15 infield locations that can be drilled and waterflooded. We should commence drilling of the infield wells as soon as receive our new drilling permits.”
More information on Cardinal Energy Group, Inc. is available at www.cegx.us.
About the Tannehill: Abstract – The Tannehill Sandstone of Northwest Texas: Depositional Environments and Hydrocarbon Migration from the Basin to the Shelf – by NORMAN, GREGG A., Gunn Oil Company, Wichita Falls, Texas *
The Tannehill Sandstone was deposited by westward pro-grading fluvial, deltaic and submarine fan processes across the Eastern Shelf and into the Northeastern Midland Basin of Texas. These Middle Wolfcampian aged reservoirs comprise one of the longest oil producing trends in the region, extending over 100 miles across Northwest Texas. The majority of oil production to date has been found within fluvial and shelf delta distributary complexes. The reservoirs on the shelf are found at relatively shallow depths without any significant associated hydrocarbon source rocks. The basinal depositional systems, composed of shelf edge delta, slope and submarine fan complexes, represent low stand pro-gradation beyond the pre-existing shelf edges. These basinal facies downlap onto regionally extensive marine condensed sections and older carbonate banks that provide the hydrocarbon source for the Tannehill Sand. A very tortuous, yet continuous aquifer links basinal clastic systems to those on the shelf and has provided a conduit for long range hydrocarbon migration.