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) > 2023 Budget - pretty simple.

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Comment by BigJakeon Nov 11, 2022 10:12am

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Post# 35091228

RE:2023 Budget - pretty simple.

JosephM1 wrote:
At 80 WTI

Adjusted free funds flow 270 million

Cap budget and ARO 120 million

Dividend at .72 per year 113 million

Excess free Funds 37 million.

Sensitivity: 1 WTI change equal 7 million free funds flow.

If 90 WTI, another 70 million in adjusted free funds.

Like management prudents on the budget.