Cardinal Energy Group, Inc. has drilled and cased the first oil well on its Bradford leases. The drilling confirmed three pay zones with good shows of oil. They are the Frye, the Tannehill and the Hope zones. This is the first well of a 14 well program that incorporates Cardinal's plan to implement their previously announced waterflood project on the Bradford "A" and Bradford "B" leases.
Timothy Crawford, CEO of Cardinal, remarks, "We are excited about the drilling results with this first well as it has exceeded our initial expectations. We have discovered three pay zones during the course of drilling. We had good oil shows in the Frye, the Tannehill and the Hope sands. I am proud to say that although this is our first drilling program in this area, the execution on the first well was great: the well was drilled on time and on budget. We spudded the well on Monday and finished drilling and casing it on Wednesday."