Cardinal Energy Ltd (Alberta) T.CJ

I forgot to mention

[lnggasfor202324]

I forgot to mention Cj will generate $7.00 for every dollar wti trades over $79.00 as well as lose $7.00 for every dollar under $79.00.  There are other sencativities as well I cant recall the numbers off the top of my head such as Nat gas prices which is quiote minor to CJ,  WCS which should really help CJ once the Trans Mountain pipeline get going and also the Cdn dollar.  If oil goes up Cj should follow.  I'm hoping for a big short squeeze.

[egee]

With revenues being in excess of budget numbers it will bode well for all of us s/holders

[lnggasfor202324]

I am not anticipating that great of a 1st qtr, but too tell you the truth quite frankly if the oil prices stay in this area we should have a good second qtr.

[meritmat]

Production wise iit should be pretty good.  Only one bad cold snap in Jan and very litttle plowing and winter related expenses.    I work in the industry and only a hour and half away from a lot of CJ fields.  

[lnggasfor202324]

Thanks for sharing.  The average oil price for the qtr was probably a little under budjet, but then again markets are forward looking.  I'm quite anxious to see how the SAGD project does for us.  I'm predicting a pretty nice bump up but until then CJ'S production is kind of flatish.