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) > Here's a beauty

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Comment by Quintessential1on Mar 21, 2024 8:58am

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Post# 35944544

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Here's a beauty

It's interesting how TMX isn't even open yet and we are already discussing the ramifications of too much oil egress and shutting in production much like the predominately natural gas producers have faced for decades and are facing already again and our first LNG exporter isn't even exporting yet either.

The thing we should have learned over the years as a country is that all of our resources need to be managed and harvested properly. I would think the non-renewable ones even more so than the others.

GLTA

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