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 Bennys65on Mar 01, 2018 7:31pm

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Post# 27648081

RE:RE:RE:RE:CJ's Base Drilling Program in 2018 includes 13.5 oil wells

Just found it Dec 12 press release.CJ plans to drill six glauc wells in 2018.So the 18.5 well program and low cost must include the 10 strat wells we have already drilled and cost in the low hundreds of thousands.So well optimization on midale and 6 glaucs should keep our production flat.Not bad but will still wait to see if they have bantry sorted.Shane Peet got it wrong and is no longer with us.

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