Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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

Cardinal Energy Ltd (Alberta)

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Comment by righand2on Jun 05, 2017 11:54pm

135 Views

Post# 26327911

RE:RE:RE:RE:RE:"The effective date of the Acquisition is January 1, 2017"

Naka2112 wrote: I don't know how you figure that's backwards.

Say the extra q1 and q2 production from the 5000 boe/d offered them $25 miilion net. That will be subtracted from the cost of buying the assets -to be adjusted during the transaction.

How is that backwards?

Ok, I see where you are coming from, but we still don't know if the Jan1st date of record is correct, so I will wait for the prospectus. By the way, these fcking CJ clowns don't even have the last news release on their stupid website. Wtf kind of company doesn't keep their website up to date?

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