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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 JayBankson Jul 28, 2022 8:51pm
242 Views
Post# 34858805

RE:RE:RE:7 Cents

RE:RE:RE:7 Cents

7Twiggy wrote: If that was a fail. I would like to see a win. Fantastic results and it is just going to get better,

I came to the same conclusion about debt. I think Cardinal will be out of debt well before year end. 

 

Yea I was referring to the leak of the dividend increasing was the 'fail' by the 2 posters, I asked for a source and got no response...

I'm very pleased with the results, as all are, but I'm always hunting news of my dividend increasing, how well the results look was pretty much expected for myself so that wasn't too interesting. Increasing the Capex was an interesting note, as was more use of NCIB which will please many in here... now we wait for more timbits in the call...

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