Cardinal Energy Group acquires the Bradford leases (Scandinavian Oil-Gas Magazine)

Cardinal Energy Group acquires the Bradford leases

Published Jun 26, 2014

Cardinal Energy Group, Inc. has acquired the Bradford Leases in Shakelford County, Texas from Bluff Creek Petroleum, LLC.

The Company has acquired a 93.75% working interest (70.3125% net revenue interest) in 2-acre producing units surrounding each of seven existing wells located on the Bradford "A" and Bradford "B" leases.

The Company purchased these leasehold interests pursuant to the terms of Purchase & Sale and Farmout agreements for a total cash consideration of $225,000.

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