Cambridge Energy is engaged in the exploration and development of oil and gas reserves through the acquisition and development of properties primarily with proven reserves. They own oil and gas properties in Louisiana and oil properties in Indonesia. They also own a full service manufacturer and re-manufacturer of wellhead equipment and components which brings Cambridge an added benefit of vertical integration, whereby Cambridge is able to obtain wellhead products for use on its own properties from TRITON, ensuring availability and lower cost.
Cambridge's domestic assets include an estimated 50.1-60.38 BCF of natural gas and recoverable proven oil reserves of 6.6 to 7.6 million barrels.
January of 1999, Cambridge acquired an Indonesian subsidiary, Intermega Energy Pte, Ltd., which owns 3 oil fields in eastern Indonesia with proven oil reserves in excess of 10.2 million barrels.
For complete information on Cambridge, including press releases, SEC filings, latest research report and a company profile, please go to: magnumfinancial.com.
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This information is supplied by Magnum Financial Group, LLC ("Magnum"). Information or opinions are presented solely for informative purposes, and are not intended nor should be construed as investment advice. Opinions stated may be solely that of Magnum or the indicated sources, and not necessarily those of the featured company. Magnum provides investor relations services for a select number of companies. Magnum currently provides comprehensive investor relations services for Cambridge Energy and receives compensation in the form of 435,000 shares of the Company's common stock. Officers, directors, or employees of Magnum, members of their families, and financial analysts mentioned, may hold a position or may from time to time trade in the CNGG stock for their own account. |
