COLUMBUS, Ohio, Dec. 19, 2012 /PRNewswire/ -- Cardinal Energy Group announces that its transition to an Independent Oil and Natural Gas Producer is complete. The transition due to the acquisition of Cardinal Energy Group of Columbus OH by Koko, Ltd resulted in a new stock symbol (OTCQB: CEGX), a new CUSIP, a reverse stock split of 1 for 2.5 shares and the Company's name change.
Timothy Crawford, the newly elected CEO of Cardinal Energy Group, Inc. comments, "The acquisition of Cardinal Energy Group occurred on September 30, 2012. Since then we have gone through a rigorous process of transitioning the former public company (Koko, Ltd) into an independent oil and natural gas producer. Our headquarters are now based in Dublin, a suburb of Columbus OH. We have been working with FINRA, the SEC, Empire Stock transfer, CUSIP Global Services and the Nevada Secretary of State among the various agencies to complete our reverse stock split, name change, CUSIP and stock symbol change. With these important tasks accomplished we can now focus on our business model and are positioned to have a spectacular year in 2013."
ABOUT CARDINAL ENERGY GROUP, INC. (CEGX): (www.cardinalenergygroup.com) Cardinal Energy Group, Inc. is an independent Oil and Natural Gas Producer based in Columbus, Ohio. Cardinal is focused on producing oil and natural gas from proven formations that have existing wells that need remediation due to neglect or disrepair. Cardinal utilizes modern production methods and technology to restart or increase production through reworks or new drilling within the target field. The Company operates throughout the Continental United States.
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