Cardinal Energy Group, Inc. (CEGX) Posts FY13 Financial Results with Production Data, Guidance
Cardinal Energy Group, a U.S. producer of oil and natural gas within the United States, reports its financial results for the full-year ended Dec. 31, 2013, as well as provides current production data and guidance along with an update on its existing business strategy. Lower production for full-year 2013 led to a decrease in revenues from oil and gas to $16,657 for the 12 months of 2013, compared to revenues of $21,162 for the prior year. Net loss for the year was $1.9 million, or a loss of $0.06 per share, compared to a net loss of $819,255, or $0.03…