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)

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Post by Khersonon Feb 27, 2023 8:55pm

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Post# 35308539

Looking ahead...

Mamdouh SalamehonFebruary 27 2023said:

With a robust global oil demand, OPEC+’s projection of a rise of 2.3 million barrels a day (mbd) in global demand in 2023 and China’s economic rebound, Brent crude oil price could probably hit $90 a barrel in the first half of 2023 and touch $100 during the year.

Dr Mamdouh G Salameh
International Oil Economist
Global Energy Expert

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