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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 mickeymouseon Feb 16, 2024 2:38pm
262 Views
Post# 35884764

RE:New presentation

RE:New presentationPage 7 of that presentation shows the "low commodity price scenario" for 2024 - looking at the numbers it appears they can shave $85 million from their budget if required and maintain base production - note that there is no mention of cutting the dividend as a cost cutting measure - so maintaining the dividend seems to be a priority - also interesting comparison on page 11 comparing the conventional driling requirements to produce "6000 boed" to the thermal project at Reford producing "6000 boed" - lastly page 21 which shows the future cash flow and production as the thermal projects ramp up shows how significant the CFPS bump will be if the thermal projects work out as projected - thanks for posting that link.
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