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) > Trudeau won't like this .

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Comment by Quintessential1on May 28, 2024 8:10am

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Post# 36059930

RE:RE:RE:Trudeau won't like this .

Well yeah, after the initial SAGD project is commisioned and low cost production is brought online increasing revenue. Possibly until the debt used to pay for it has been paid back down which given the ongoing SAGD development investments may mean after the second leg comes online depending on the markets view of the derisking and development of the first leg having already taken place.

GLTY and all