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Cardinal Energy Group Inc. Details 1Q 2014 Financial Results

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May 20, 2014

On May 16, Cardinal Energy Group Inc. (OTC: CEGX) detailed its financial results for first-quarter 2014. The quarter ended March 31, the company said.

Revenues from oil and gas increased during the quarter, the company said, noting the $14,794 compared with first-quarter 2013’s $1,871. The increase was due to the initial sale of crude oil from Cardinal’s Texas properties, as well as from higher prices for the natural gas produced and sold from its California properties, the company said.

Operating and general and administrative (G&A) expenses also increased, the company ...

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