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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Post by Khersonon Dec 19, 2022 8:02pm
272 Views
Post# 35181091

Independent Director...

Independent Director...Lets not forget what an independent director is and how and when they are officially notified of any and all major decisions by the CEO and the CFO.
In the case with Cardinal, our friend John Brussa in his official role as an independent, represents the interests of shareholders and he is out of the inner loop, officially speaking...
As March 25, 2022, Brussa held 3.5 million shares of Cardinal, and being a lawyer, he is well versed in the finer points of law when it comes to the ASC.
Brussa is buying, therefore we are buying!
Kherson

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