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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 VeritasVernon Dec 14, 2023 3:26pm
270 Views
Post# 35785299

Confirmation the IEA is a political admin

Confirmation the IEA is a political admin
A section from the a news article in oilprice:

"This has not made transition advocates happy. One of the most prominent of these, the International Energy Agency's head, Fatih Birol, has called repeatedly on the industry to go all in on the transition and start making plans to wind down oil and gas. This is happening as the IEA estimates that oil demand is going to hit a record this year and continue growing over the next few years as well. It then expects a peak around 2027, but many disagree."

Full story


https://oilprice.com/Energy/Energy-General/A-Big-Oil-Reality-Check-for-the-Energy-Transition.html
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