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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 Quintessential1on Dec 16, 2023 8:30am
140 Views
Post# 35788070

RE:RE:RE:RE:RE:Confirmation the IEA is a political admin

RE:RE:RE:RE:RE:Confirmation the IEA is a political adminConservation.  Even though it comes at the end of their mandate, it was probably one of the most important criteria given that they were established during the first energy crisis when most nations, scientists and even oil producers believed that the world was running out of oil.  We in fact are,  just not as fast as preciously believed due to innovations in recovery techniques.  Fossil fuels are finite and the transistion is inevitable.  Whether the world uses RNG or nuclear or solar or wind or whatever tech comes to the forefront.  Fossil fuels, even if made clean, will run out and if made renewable, will cease to be fossil fuels, like RNG.  Any organization that was formed to advise on policy is political as was the IEA, since it was formed.  They were tasked with reducing the worlds consumption of energy.  They not only preach conservation of non-renewables but renewable energy too in order for there to be enough energy for all.  Obviously non-renewable energy is at the top of their list.

GLTA



VeritasVern wrote: Again the main difference between now and since inception is that while they have always provided collaboration on innovation, (clearly not the main go to source for that) which the O&G sector has adopted when feasible to reduce costs, gain efficiencies and increase net returns; the Agency is now politically biased, tilted towards faze out of oil. That has always been their mandate? Really?

GLTA


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