Cardinal Energy Group, Inc. announces its Bradford drilling progress report

DUBLIN, OH–(Marketwired – September 11, 2014) – Cardinal Energy Group, Inc. (OTC QB: CEGX) is pleased to announce that the first well drilled on the Bradford lease, ‘A’#5A has been completed and has just been put on production. A stable production rate is expected over the next two weeks. The 310-acre Bradford prospect has 7 existing wells anchoring the new 14-well Cardinals drill program.

“A’#5A is the first well completed in our 14-well drilling program on the Bradford leases. I drilled and acidized the Tannehill area, ran tubing and rods into the hole, installed the pumping unit, laid the flowline, and hooked up. got the power lines up and started pumping the well,” notes Cardinal CEO Timothy Crawford, “We also drilled two new producing wells that need to be drilled and completed, ‘A’#6A and ‘B’#6B. The completion process is ongoing. To support the design flood we also used “B” #4B to be used as an injector Tannehill and Hope Sands We encountered 6 other notable geological areas while drilling this is a minor reserve which we will not be filling at this time. ” He goes on to say, “We are on schedule with our new 14-well drilling program on the Bradford A and B leases, thanks to excellent execution by our field team and our subcontractors.”

More information about Cardinal Energy Group, Inc. are available at www.cegx.us.

Regarding the previous statements
In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Cardinal Energy Group, Inc., hereby provides cautionary statements identifying important factors that could cause our actual results to differ materially from those projected. in forward-looking statements (as defined in this act). Any statements that are not historical facts that express or imply discussion of expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated by the use of words or phrases such as “will likely result” , “expects to”, “will continue”, “is anticipated”, “estimated”, “intends”, “plans”, “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our beliefs about our ability to increase our oil and gas production rate and the expected demand, prices and operating results for our oil and gas operations.

About Cardinal Energy Group, Inc.
Cardinal Energy Group, Inc. is an American oil and natural gas producer in the United States. The company is headquartered in Dublin, Ohio and has a regional operations office located in Albany, Texas. We strive to be an environmentally responsible oil and gas company. Cardinal focuses on known formations that have significant proven reserves that can be produced economically. Cardinal targets fields with wells that may need remediation due to neglect or undercapitalization. We select prospects that provide a strong manufacturing advantage. The advantage we look for in a prospect is threefold – it must have the potential to be restarted or have current production increased using newer technologies and remediation methods and; must also have additional leased acreage that can be further developed by completing development wells adjacent to existing producing wells, or must be an overlooked or distressed prospect in highly feasible formations such as the Permian Basin or Eagleford Shale. Cardinal exploits these undervalued assets by acquiring a significant working interest in the prospect and then applies the Company’s calculated development plan. Cardinal also looks for acquisitions of over-leveraged companies when there is clear upside from their acquisition based on strong commodity prices. The company operates throughout the continental United States. More information about Cardinal Energy Group, Inc. are available at www.cegx.us.