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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Comment by Bennys65on Feb 28, 2017 7:10am
162 Views
Post# 25903454

RE:Another Bantry Spud

RE:Another Bantry SpudNice to see someone else paying attention to our drilling program.Slight correction.We started a mitsue well in 2016 .It was flow tested end on jan which makes 3 mitsue wells in total  so far.Scott said in whistler presentation that success in any one of the three play will lead to expanded drilling program and incresed inventory.Two of these play types dont require fracking,cheaper,will have sub 10 percent decline due to existing waterflood and could come in at 300 to 500 bpd scotts number.So waiting for info and damm Bat stuff for this stock to get going
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