‘Larry Oakley’s Analysis of Cardinal Energy’s Status’
Dublin OH, October 10, 2013 — (OTCQB: CEGX) Cardinal Energy Group, Inc. announces the publishing of a report on Cardinal Energy Group, Inc. by Larry Oakley of the Wall Street Corner.com newsletter (see www.wallstreetcorner.com).
Larry Oakley is CEO and editor at WallStreetCorner.com, Inc., the publisher of the “Conservative Speculator” and its four associated editorial columns (“Stock Pick,” “Opinion,” “Comment,” and “Bold Ventures”). His loyal regular readers reside in more than 96 countries. They include top players in major international corporations and serious investors who buy for the long term as well as stock brokers, bankers, financial analysts, investment editors, & fund managers.
Timothy Crawford comments, “Larry Oakley has become known worldwide as the Elder Statesman of Emerging Growth Investment Writers. He is a conservative analyst. One of our shareholders suggested to Larry that he should look into Cardinal Energy. So he gave me a call and decided to do this research report on our company. We are pleased that a seasoned professional like Larry has interest in our company and has taken the time to report his findings on Cardinal to his worldwide investor audience”.
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 undercapitalization. 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.cardinalenergygroup.com.