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.

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Cardinal Energy Ltd (Alberta) > Cardinal Estimated Q1 Production

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Comment by kavern23on Apr 26, 2021 11:59am

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Post# 33066892

RE:RE:Cardinal Estimated Q1 Production

Hey JohnBP...
I am not sure if I understand what the question is....

This number is the estimated average per day oil production for CJ's Alberta wells which covers the majority of CJ's production...as Sask doesnt change much and NG and NGL are quite stable"

Average Oil Production (Boe)

12594

12526

12308

12555

This number is if you cumulatively add up together the top ten CJ wells on production...294 +190+etc...

Top Ten Wells (Combined Prod)

1670

1536

1404

1388

The Well Count is interesting as CJ is up to 1281 oil wells in Alberta on production up to March.
But last Feb before Covid hit..CJ had 1400 wells going. So CJ likely does have more wells to activiate going forward if oil prices are at the right level. Still 120 wells from the high.

Seeing more wells reactivated each month is a very good thing.

JohnBP1 wrote: Kavern, thanks for that data... can I assume that

Average Oil Production (Boe) 12594 12526 12308 12555

Refers to the average of the top 10 and not CJ only? thanks again....