Dividend coming mid July in case some forgotOUTLOOK Cardinal anticipates that it will reach its First Phase debt reduction milestone of total corporate net debt being below $100 million by the end of May of 2022. As outlined to shareholders since January, the board of directors of the Company has approved a reinstatement of the Company's monthly dividend starting at $0.05 per share per month in June. The record date for the dividend will be June 30, 2022 and the dividend will be paid on or about the 15th of July, 2022. This dividend will be an "eligible dividend" for Canadian income tax purposes. When setting the initial rate for the reinstatement of the dividend, Cardinal’s Board of Directors took into account the backwardation of the one year price curve for WTI crude oil, current debt levels and the sustainability of the dividend in the case of a significant drop in oil prices. The Company's goal is to sustain this level of a monthly dividend with a long-term oil price down to US$55/bbl. At this oil price level, Cardinal expects it could fund the dividend, required ARO expenditures and a capital program maintaining its base production. As the Company continues with its debt reduction strategy and interest costs are reduced, this base oil price level to fund our outlays could also be lowered. Cardinal will continue to focus on debt reduction and, with current forecasted commodity prices, expects to reach its Phase Two debt reduction target of total corporate net debt of less than $50 million in the third quarter of 2022. At that time, we will as outlined, revisit our monthly dividend rate. The funds flow used to pay Cardinal’s dividend is from oil production that is net negative for carbon emissions. Cardinal is one of the few companies that are able to provide its shareholders with a sustainable return based on having a negative carbon footprint. We are pleased to have reached this important milestone for our company and look forward to announcing our Phase Two debt reduction target later in the year.