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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

Post by Bennys65on Jan 10, 2018 6:57am
125 Views
Post# 27320588

fresh blood

fresh bloodI was encouraged to see a new cfo as well as the prevoius addition of Rob Wollmen.We have some very interesting assets. A new set of fresh eyes will hopefully start to show mitsue potential as well as zero in on glauc channels where new type plays are also being looked at.Look at presentation.If prices stay high we should see  a larger cap ex in 2018.There is real potential in midale but that is Tlonger term The company was happy to get the 10 % but spe which has 15% shows no interest in selling.Like everyone waiting for the RI sales
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