On January 7, 2014, Cardinal Energy Group, Inc. announced that Dan Troendly resigned from his positions as Chief Financial Officer and member of the Board of Directors of the company. Mr. Troendly's resignation is due to recent health issues and is effective immediately. The company also announced the appointment of John R Jordan, as Chief Financial Officer, upon the effective date of Mr. Troendly's resignation.

Mr. Jordan previously served in various positions with Unocal Corporation. Mr. Jordan has over 40 years experience as an accounting and financial services professional, with an extensive background in the Oil & Gas and Geothermal energy industries both in the United States and overseas Mr. Jordan has entered into a consulting agreement with the company, with an Effective Date of January 1, 2014, to serve as “outside” Chief Financial Officer, on a non-exclusive basis. The term of the Agreement runs through January 1, 2015 and may be extended by mutual consent of both parties.