Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)

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Comment by Pand1234on Dec 25, 2018 7:09pm

76 Views

Post# 29156832

RE:RE:Operating expenses

Hi Josephheller

Wow, this's very extensive! THANK YOU for taking your valuable time to write this. I've learned a lot.

Let's say if the oil price keeps sinking (I hope not), share prices of low OpEx operators will decline less than CJ, but just temporarily, maybe by a quarter or so. Once the oil price goes back up, CJ will see a higher profit than low OpEx operators, am I right?

Thank you again

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