Cardinal Energy Group has reported updates to their Bradford A & B wells, including production, maintenance, and projections. The recent updates have been a success, and they will continue to assess further developments.

Dublin, OH -- (SBWire) -- 07/30/2015 --Cardinal Energy Group, Inc. ("Cardinal Energy" or "the Company") (OTCQB: CEGX) reports on the progress at the Bradford A & B leases as the operator for Keystone Energy.

The following is a summarized "field report" from CEGX of Texas' Albany operations office for the week ending July 18:

- B # 4 - Completed second injector well and put it on-line thereby doubling injection volumes.

- B #10 - Completed well and put into production.

- A #4 - Added perforations to well and treated the existing zone. Also perforated and treated two additional zones doubling the water volume from the well.

- A #5 – Installed new well pump.

- A #3 – Installed new well pump.

- A #1 – Installed new well pump.

- B #1 – Installed new well pump, perforated and treated additional interval of sand.

- A #14 - Drilled the well. It will be completed week of July 25th.

- BW #1 - Bradford West - Completed the initial well, perforated and treated it. Ran rods and tubing. Set pump jack. Electric and tanks are to be installed.

Timothy Crawford, CEO of Cardinal comments, "Our recent drilling, completion and re-work activities on the Bradford A & B leases have been successful. As a result of our repairs we are seeing a 30% to 50% initial increase in oil production. We have doubled our source water volume and injection capability for the water flood. We anticipate as the increased water flood takes effect over the next several months that production will continue to increase significantly.

The A #14 well needs to be perforated in the Hope Sand so we can use it as an additional water source to further increase water flood volumes." He goes on to say, "We have done general maintenance and repairs to our Bradford A & B lease, fixing the roads and meters due to recent weather damage and changing out down-hole pumps to more efficiently handle increased fluid production volumes. We also drilled our first well, the BW #1, on the Bradford West lease. We are now assessing various development options based on our findings from the new well."

Cardinal Energy Group http://www.cardinalenergygroup.com

About Cardinal Energy Group, Inc.
Cardinal Energy Group, Inc. is a U.S producer of oil and natural gas within the United States. The Company is headquartered in Abilene, Texas and has its regional operations office located in Albany, Texas. We are an environmentally responsible oil and gas Company. 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. We select prospects that offer a strong up-side for production. The upside we seek in a prospect is threefold – it must have the potential to be restarted or have its current production increased using newer technology and remediation methods and; it must also have additional lease acreage which can be further developed by completing development wells adjacent to existing producing wells, or it must be an overlooked or distressed prospect in the explosive shale formations like the Permian Basin or Eagleford shale. 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: http://www.cardinalenergygroup.com

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Cardinal Energy Group is a company comprised of specialized energy experts, with over 150 years of combined industry experience in oil and gas production.

Contact details:
John May
Executive VP
Cardinal Energy Group, Inc.
jmay@cegx.us
United States
http://www.cardinalenergygroup.com
325-762-2112