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)

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Post by re1ndeer2011on May 14, 2021 9:10am

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Post# 33202310

Hedge(2021)..9,333bb, Q2 6,000....Q3....2500, and Q4....1500

Hedging 7 | Cardinal Energy Ltd. | TSX: CJ Product Q1 Q2 Q3 Q4 WTI - Volume (bbl/d) 9,333 6,000 2,500 1,500 - Avg Price (CAD$) $55.16 $56.42 $57.10 $55.83 - % of production 59% 38% 16% 10% WCS Differential - Volume (bbl/d) 2,000 2,000 - - - Avg Price (CAD$) ($16.18) ($16.18) - - - % of production 24% 24% - - Natural Gas - Volume (mcf/d) 11,000 11,000 11,000 11,000 - Avg Price (CAD$) $2.40 $2.40 $2.64 $2.64 - % of production 79% 81%.....................they will reduce significantly July 1........

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