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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

Comment by VeritasVernon Mar 20, 2024 11:38am
96 Views
Post# 35942889

RE:RE:RE:RE:RE:RE:RE:RE:RE:Here's a beauty

RE:RE:RE:RE:RE:RE:RE:RE:RE:Here's a beautyRight, but the essential take away from all of this is the message to the oil industry, and the investment world is that there is way too much risk to invest in a major pipeline. Your costs are going to escalate from stoppage after stoppage and next time the Government won't be there to save the day.

Looks like delays are still happening at the 11th hr. I am sure no one is surprised

https://www.cer-rec.gc.ca/en/about/news-room/whats-new/2024/inspection-officer-var-jjd-001-2024-issued-to-trans-mountain.html?fbclid=IwAR2fmAkpFMBsdpf99TyB6fQKS0u7yOpVEzL5tSdggLSk8yB22hDALhTy0E0

Inspection Officer Order VAR-JJD-001-2024 issued to Trans Mountain

March 19, 2024

On March 12, CER Inspection Officers and TMX-IAMC Indigenous Monitors conducted an unannounced inspection on spread 6 of the Trans Mountain Expansion Pipeline near Lightning Rock (Abbotsford, BC). They observed company contractors working without authorizations and mitigation plans required to work near a known and active nesting site of a Red-tailed Hawk.

Inspection Officers have issued an Inspection Officer Order requiring the company to stop all reclamation and clean-up activities until the Inspection Officer is satisfied that the potentially hazardous or detrimental situation has been remedied.

The company must also:

  • correct and provide documented evidence of all rectified non-compliances for this section of the pipeline right of way before they can return to work
  • conduct an internal investigation to determine the root cause of this incident for CER review
  • confirming how Trans Mountain will oversee the scheduling and coordination of its contractor work crews going forward
  • Submit to the CER a commitment from the Accountable Officer that all corrective actions will be implemented as described.

We will continue to follow up with the company to ensure it complies with the Inspection Officer Order. Once the company sufficiently addresses the requirements list above, the order will be lifted.

For a complete list of non-compliances and more information, view Reports on Compliance and Enforcement.

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