Cardinal Energy Group, Inc. (OTCQB: CEGX) (“Company”) is pleased to announce that the Company is closing its Dublin, Ohio executive offices and moving them to Texas.
The new corporate offices will be located in The Enterprise Tower at 500 Chestnut Street, Suite 1615, Abilene, Texas (see http://wikimapia.org/5390709/The-Enterprise-Building). Abilene is located 175 miles west and south of Dallas-Fort Worth.
“The move is taking place during the course of this week,” remarks Timothy Crawford, CEO of Cardinal. “Our Albany, Texas regional field office continues to serve as the operations base for our fields in north-central Texas. We decided that since we have sold all of our California and Ohio oil and gas assets, our administration should be based in Abilene to facilitate improved communications and further buttress CEGX’s focus on oil and gas development opportunities in Texas. Abilene is an historic oil town with a well-established oil culture and mature infrastructure. Also, there is a substantial selection of seasoned oil and gas executive candidates for our workforce as we continue to grow our operations in Texas. We are considering many opportunities in Texas that are becoming available to us due to the industry downturn. It will be much simpler to take advantage of these opportunities from our new Abilene headquarters.”
More information on CEGX is available at www.cegx.us.
About Cardinal Energy Group, Inc. Cardinal Energy Group, Inc. is an environmentally responsible energy company principally engaged in the acquisition, development and production of crude oil. Cardinal’s strategy is to increase reserves and production through the exploitation of oil and natural gas properties with high emphasis on known formations with significant proven reserves remaining that can be produced economically. The company’s properties and development efforts are located primarily in the continental United States. More information on Cardinal Energy Group, Inc. is available at www.cegx.us
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 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.
Article from CNNMoney.com