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3 | Cardinal Energy Ltd. | TSX: CJ
Net Zero: Negative Scope 1 Emissions
As at September 30, 2021
Shares Outstanding – Basic 150 MM
Shares Outstanding – Fully Diluted 166 MM
Net Debt $218 MM
Q4 2021 Forecast Production ~20,500
2022 Forecast Production 20,000 – 21,000
% Oil and NGLs (2022 Forecast) 88%
Net Bank Debt (Q3 2021) $187 MM
Credit Facility $225 MM
RLI (PDP/2P) 9.5/12 Years
Tax Pools $1.5 Billion