[News Release on Cardinal Letterhead]
Cardinal Energy Retains International Law Firm of Maalouf Ashford & Talbot, LLP
Nation’s Top Securities Law Firm Will Represent Cardinal in SEC Matters
DUBLIN,
OH -- (Marketwired – Jan. 1, 2014) - Cardinal Energy Group, Inc.
(OTCQB: CEGX) announces the engagement of international law firm Maalouf
Ashford & Talbot, LLP of New York to act as the Company’s
securities law counsel in addition to the Firm acting as the Company’s
Oil and Gas counsel, Corporate and Finance counsel and Regulatory
counsel.
The
Firm serves its global clientele from its offices in New York, London,
Hong Kong, Shanghai, Riyadh, Sao Paulo and Beirut. Maalouf Ashford &
Talbot has been named "Oil & Gas Law Firm of the Year" in the
United States for the past 4 years in a row. In addition,
Maalouf Ashford has been named “Law Firm of the Year” for 2013 in 6
different countries and in 25 categories including:
In the United States
International Trade & Finance Law Firm of the Year
Banking & Finance Law Firm of the Year
M&A Law Firm of the Year
Corporate Law Firm of the Year
Energy, Oil & Gas Law Firm of the Year
Private Equity Law Firm of the Year
Capital Markets Law Firm
of the Year
Shipping & Maritime Law Firm of the Year
Islamic Finance Law Firm of the Year
Tax Law Firm of the Year
Full Service Law Firm of the Year
In the Kingdom of Saudi Arabia
Overseas Oil & Gas Law Firm of the Year
Overseas M&A Law Firm of the Year
Overseas Corporate Law Firm of the Year
In China
Overseas M&A Law Firm of the Year
Overseas Banking & Finance Law Firm of the Year
Overseas Corporate Law Firm of the Year
In Lebanon
Overseas Oil & Gas Law Firm of the Year
Overseas Banking & Finance Law Firm of the Year
Overseas Corporate Law Firm of the Year
In Brazil
Overseas Oil & Gas Law Firm of the Year
Overseas M&A Law Firm of the Year
Overseas Corporate Law Firm of the Year
In the United Kingdom
Overseas International Finance Law Firm of the Year
Overseas M&A Law Firm of the Year
Timothy
Crawford, CEO of Cardinal comments, "This engagement with Maalouf
Ashford & Talbot is another key to building Cardinal into a major
independent oil and gas producer. In addition to Maalouf
Ashford & Talbot representing Cardinal in connection with our Oil
& Gas matters, Corporate & Financial transactions and Regulatory
issues, their expertise insures that Cardinal will have major legal
representation as related to our SEC law matters.
As
we continue to develop our numerous acquisition targets, it is good to
know that we can confidently hand-off all of our legal, transactional
and regulatory matters to this expert firm to expedite our acquisition
process moving forward into 2014."
John
J. Maalouf, Senior Partner of Maalouf Ashford & Talbot, LLP
comments, I’m very pleased to be working alongside such a talented group
of oil & gas professionals and look forward to representing
Cardinal as it continues to grow its oil & gas operations.
About Cardinal Energy Group, Inc.
Cardinal
Energy Group, Inc. 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. More information on Cardinal
Energy Group, Inc. is available at www.cardinalenergygroup.com.
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.
We
caution that the factors described herein could cause actual results to
differ materially from those expressed in any forward-looking
statements we make and that investors should not place undue reliance on
any such forward-looking statements. Further, any forward-looking
statement speaks only as of the date on which such statement is made,
and we undertake no obligation to update any forward-looking statement
to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of anticipated or
unanticipated events or circumstances. New factors emerge from time to
time, and it is not possible for us to predict all of such factors.
Further, we cannot assess the impact of each such factor on our results
of operations or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements. This press release is
qualified in its entirety by the cautionary statements and risk factor
disclosure contained in our Securities and Exchange Commission filings,
including our Prospectus dated August 12, 2013.
CONTACT:
Cardinal Energy Group, Inc.
Email: info@cardinalenergygroup.com
Office: 614.459.4959
Fax: 614.389.6643