Cardinal Energy Group, Inc. says that since drilling resumed December 1st on the Bradford Lease 4 new wells have been drilled, the B #13, B #10 and the B #8. The next locations, the B #17, B #14, and A #14 are permitted and will be drilled over the next two to three weeks to complete the drilling portion of the Bradford Drilling Program, which consists of 7 existing wells and 14 new development wells. The wells are located in Shackelford County, Texas within a couple of miles from Cardinal's Albany, Texas field operations facility.
Timothy Crawford, CEO of Cardinal remarks, "We had five wells left to drill and complete in order to finish the current Bradford Drilling Program. We are drilling our third new well, the B #8 and have finished drilling and logging the B #10. The geological report for the B #10 estimates oil reserves of 6,339 barrels in the Frye formation and 12,521 barrels in the Tannehill formation. We added an additional well to the program after we determined that the B #13 was not commercially viable to complete based on the logging report; we added the A #14 well to replace the B #10."