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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Comment by yggdrasilllon Sep 02, 2020 8:34am
121 Views
Post# 31492769

RE:RE:RE:RE:10% Salary Reinstatement

RE:RE:RE:RE:10% Salary Reinstatement

Have they received government money already? I knew they had applied for various things, but I thought they were still waiting for it to actually come in. I thought that was what the banks were waiting for to extend the credit facility in a meaningful way.

traderlong2 wrote: Also Remember all of the wages are being covered by the goverment
in the lastest wage subsidy for canadian business
if your revenue was off 15% or greater you qualified each month since April
they also have recived money for the abandon well program
I think the boys running things are pretty smart and well invested in CJ
I have continued to add
I also expect some financing Backing or Guaranties from the BDC
Hoping we hear soon and guessing that is why the 30 day extentions
glta

 

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