Capital City Energy Group Inc. CETG Archives - Page 2 of 2

WednesdayAug 13, 2008 4:48 am

Capital City Energy Group, Inc.’s (CETG.OB) CEO to Give Up Salary and Bonus

In this morning’s news, Capital City Energy Group, Inc. CEO Timothy W. Crawford announced that he has foregone his salary and any stock-based compensation for this year. As a result of this action, Mr. Crawford will not receive cash or stock compensation earned during 2008. According to the company, the CEO is the largest beneficial owner of shares. Commenting on the action, Mr. Crawford stated, “Since we have become public, the Company has made substantial progress in building both the exploration, production and energy services businesses. We have also incurred additional costs as a public entity that we did not…

MondayAug 11, 2008 12:19 pm

Capital City Energy Group, Inc. (CETG.OB) is Seeking to Make Great Strides

Capital City Energy Group, Inc. (OTCBB: CETG) is a diversified oil and natural gas company that operates through three divisions to progress from a design management and sponsor of retail energy programs, to one of the few vertically integrated independent oil and natural gas companies. The company recently announced that they have applied for listing their shares of common stock on the American Stock Exchange LLC (AMEX), as well as made public that they have taken full interest in the prolific Fayetteville Shale located in Van Buren and Cleburne Counties in Arkansas. Although no assurance can be given that the…

ThursdayAug 07, 2008 1:41 pm

Capital City Energy Group Inc. (CETG.OB) Applies for Listing on the AMEX

Capital City Energy Group Incorporated announced August 6, 2008 that it has applied for listing of its shares of common stock on the American Stock Exchange LLC (AMEX). The Columbus, Ohio based company is an oil and natural gas company that has grown a reputation for being a leader amongst a very select group of vertically integrated oil and natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. Timothy W. Crawford, Chief Executive Officer of Capital City Energy, said, “The…

WednesdayJul 30, 2008 8:50 am

Capital City Energy Group Inc. (CETG.OB) Finds a Solid Balance with its Diversified Oil and Gas Holdings

As if an investor needed to be told, supply and demand generally determines price and investment. Many may dispute this particular economic theory, but as in any natural equation, balance will be found. Oil and gas pricing, demand and supply are no different. Balance will be found regardless of how companies and governments might try to manipulate the process. A company that can be flexible enough to find this balance more quickly is the company that will profit most handsomely. The only trick to the process is how to find a balance that makes the most profit. Capital City Energy…

MondayJul 28, 2008 9:46 am

Capital City Energy Group, Inc. (CETG.OB) is “One to Watch”

Capital City Energy Group is an energy company focused on becoming one of the few vertically integrated independent oil & natural gas companies. The company’s strategic business plan is to build a portfolio of core areas that present growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. By acquiring energy-related businesses that follow the direction of the company, Capital City Energy Group aggressively pursues its “Triad” business model that consists of: fund management, principal investments and strategic acquisitions. The cleverly designed Triad strategy enables the company to become more opportunistic and have greater control over its investments…

TuesdayJul 22, 2008 10:47 am

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…

ThursdayJun 05, 2008 9:55 am

Subsidiary of Capital City Energy Group (CETG.OB) Acquires Osage Wireline, Inc.

Earlier this week, it was announced that a subsidiary of Capital City Energy Group, Eastern Well Services, signed a letter of intent to acquire Osage Wireline, Inc. The cash and stock acquisition is expected to produce immediate benefits, including a postulated increase in gross revenues of around forty percent. Eastern Well Services is a fast-growing oil and gas service entity with projects in both the United States and Africa. The company provides fracturing, cementing, logging, perforating, and well testing services for oil and natural gas companies. This latest acquisition will broaden Eastern's wireline ability, which is the use of a…

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