CARDINAL ENERGY GROUP, INC. (OTCMKTS:CEGX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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CARDINAL ENERGY GROUP, INC. (OTCMKTS:CEGX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 31, 2017, Timothy Crawford resigned as a Director and as the Chief Executive Officer of Cardinal Energy Group, Inc. (the “Company”). Mr. Crawford’s resignation was not the result of any disagreement with the Company on any matter relating to its operation, policies (including accounting or financial policies) or practices.

Effective as of August 1, 2017, the Board of Directors of the Company appointed Mr. Stanley Robert Ford as the Chief Executive Officer of the Company, and as a Director of the Company. Mr. Ford was not previously an employee or officer of the Company.

Mr. Ford, MBA, age 73, was a professional engineer registered in the Province of British Columbia for 44 years. He was granted a MBA in finance from Simon Fraser University in 1983. Mr. Ford previously received a BAp.Sc. in Civil Engineering in 1967 from the University of British Columbia.

Mr. Ford has managed professionals in oil and gas exploration and mineral exploration for a period of 18 years. In prior years, he worked on major civil and structural projects in Canada for the international consulting engineering firm of Delcan. In the early 1970’s Mr. Ford was located in London, England and carried civil and structural projects in Europe and Africa. In the late 1960’s Mr. Ford was stationed in Sydney Australia and was a senior structural design engineer in charge of a large design team.

In July of 2007 Mr. Ford was appointed director of TMM, Inc., a position in which he still serves, and where Mr. Ford he was responsible for reviving the company from bankruptcy proceeding in 1998. TTM, Inc. is a company listed on the OTC Markets, and was initially involved in fractal digital compression. He has been responsible for all Corporate filings and raising capital for the company.

Mr. Ford was appointed to the positions of president, treasurer and secretary of Otish Resources, Inc. in February 2003 and resigned on March 2006. Otish was taken over by China-Biotics, Inc. is a publicly traded company on the OTC BB.

From June 1990 to January 2004, Mr. Ford was the President and Chairman of the Board of Directors of Pallaum Minerals Ltd. (“Pallaum”). In such capacity, he has managed all aspects of a publicly traded exploration company, which was traded on the TSX Venture Exchange and was a company reporting with the Securities and Exchange Commission (the “SEC”). He was responsible for preparing business plans, hiring staff and consultants. Pallaum conducted exploration programs which included oil and gas, and other minerals.

Mr. Ford has also served as a Director of Wildcat Minerals Ltd. from September 2000 to December, 2003, as Director of International Oil and Gas from April, 2000 to March, 2001, as a Director of Olympic Stone Ltd., from November 2001 to October, 2002. He is President and Director of International Royalties Corp., a management firm, from 1984 to present. Mr. Ford was a member of the Professional Engineers and Geoscientists of British Columbia from 1972 to 2016.

Mr. Ford currently beneficially owns 1,919,000 shares of the Company’s common stock.


About CARDINAL ENERGY GROUP, INC. (OTCMKTS:CEGX)

Cardinal Energy Group, Inc. is engaged in the business of acquiring, developing and operating oil and gas leases. These operations are primarily focused on properties in which it holds a leasehold interest. The Company owns interests in oil and gas leases located in the north-central section of Texas. It holds approximately 85% working interest in the Dawson-Conway leases located in Shackelford County, Texas. The property consists of approximately 41 wells on over 618 acres. It holds approximately 100% working interest in the Powers-Sanders lease located in Shackelford County, Texas. The property consists of approximately 385 acres and over five producing oil wells. It holds approximately 100% working interest in the Stroebel-Broyles leases located in Eastland County, Texas. It holds approximately 43.75% working interest in the Fortune prospect located in Shackelford County, Texas. It holds over 100% working interest in the Bradford West lease.