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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) > Kavern May CJ Production Estimate
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Comment by kavern23on Jun 22, 2021 4:46pm
170 Views
Post# 33429634

RE:Kavern May CJ Production Estimate

RE:Kavern May CJ Production EstimateDuring the hockey game tonight I will look at Ventrion Oil to see how their production is looking.
Got to stay sober so I can whiz on Excel.


kavern23 wrote: As always same assumptions apply...oil only...Alberta production only...
CJ is still holding nicely on the declines...all good for another month...5 months into 2021 and oil hasnt materially declined from Jan as per below:

  Dec (Bo) Jan (Bo) Feb March April May
Cardinal Alberta Well Count 1251 1265 1278 1281 1287 1287
Top Ten Wells (Combined Prod) 1670 1536 1404 1388 1409 1355
Average Oil Production (Bo) 12594 12526 12308 12555 12418 12350

Cheers boys!


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