Cardinal Energy Group, Inc. Announces Election of new Officers and Directors
'Oil and gas veterans comprise new management'
DUBLIN, Ohio, Dec. 5, 2012 /PRNewswire/ -- Cardinal Energy Group announces the election of new Officers and Directors. Cardinal's newly elected Officers and Directors are seasoned oil and gas executives who have extensive public company operating experience.
Timothy W. Crawford, Cardinal's newly elected CEO and Director, remarks, "We are fortunate enough to have attracted some of the best oil & gas industry people who also have knowledge in operating public companies."
Daniel Troendly was elected as CFO and Director; a former controller of Atlas Resources, while at Atlas he oversaw an annual drilling budget of $200 million.
Rashmi Yajnik was elected President and Director. Mr. Yajnik is one of five Civil Rights Commissioners who has been appointed by three different State of Ohio Governors. He is an oil & gas industry veteran that has drilled and completed more than 200 wells throughout the Appalachian Basin. He is one of the few Independent Oil & Gas Operators that has participated in offshore drilling in the Gulf of Mexico.
ABOUT CARDINAL ENERGY GROUP, INC. (KOKX): (www.cardinalenergygroup.com) Cardinal Energy Group, Inc. is an Independent Oil and Natural Gas Producer based in Dublin, Ohio. Cardinal is focused on growth through the reworking of marginal oil & gas wells in mature fields that are marginally producing yet have significant proven reserves that can be produced economically, using new technology and production methods. Cardinal's strategy is based on exploiting these undervalued assets by acquiring these wells and then applying the Company's calculated remediation plan. Cardinal also seeks acquisition of over-leveraged companies where there is a clear upside from their purchase due to commodity price increases.
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