Capital City Energy Group Inc. (CETG.OB) Drills into Arkansas Soil to Generate “Promising Revenues”
Capital City Energy Group Inc. (OTCBB: CETG) is a diversified oil and natural gas company operating in three divisions. The company is taking steps to switch gears, moving from institutional direct participation energy programs toward becoming a vertically integrated oil and natural gas company focused on grass-roots drilling, operating, service companies, acquisitions and fund management. As part of this plan, the company today announced the acquisition of an interest in the prolific Fayetteville Shale in Arkansas. This acquisition allows the company to participate in the drilling of more than 30,000 acres, adding to its previous participation with 29 producing wells…