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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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > In case you didn't know...
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Comment by Quintessential1on Dec 14, 2023 9:25am
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Post# 35784125

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:In case you didn't know...

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:In case you didn't know...There is a difference between seeling an isolated pocket in North East Alberta and buying one that overlaps your existing operations in Southern Sask.

CJ bid / ask now both at $6.30 and rising apparently.  Going to be an interesting open.

GLTA

meritmat wrote: possibly but cve has also sold some thermal that did not fit in there core.  Bottom line they can increase there own core areas doing expansions then bother with a small junor company that comes with a bunch of bagage


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