MZ Group will assist Cardinal Energy with investor relations, shareholder communications and investor outreach. MZ 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 -- 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 (mzgroup.com), an Attitude company, is the world’s largest independent investor relations company and the leading consulting firm in financial market communications innovation. The firm has more than 15 years of operating experience and maintains offices worldwide, including New York, Chicago, San Diego, Austin, Vancouver, Taipei, Sydney and São Paulo. Its services include strategic consulting, perception and market studies, IPO preparations, coaching for executives and board members on relations with the capital market, planning and implementing global financial communications programs, identifying shareholder and debt-holder bases, investor targeting and non-deal roadshows, among others. It also maintains an innovative technological and content generating platform comprising websites, webcasts, tablet and smartphone applications, CRM and on-line general meetings, as well as the creation of content for annual corporate and sustainability reports, legal and financial translations and legal publicity. Recently, MZ Group was rated the seventh favorite IR consulting firm in the world and fourth in Asia by IR Magazine.
About Cardinal Energy Group, Inc.
Cardinal Energy Group, Inc. (cardinalenergygroup.com) is an American company that produces American oil and natural gas. 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. The prospect must offer a strong up-side for production. The upside we seek in a prospect is twofold -- it must have the potential be restarted or have its current production increased using newer technology and remediation methods; 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.