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.

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Cardinal Energy Ltd (Alberta)

Bullboard Posts

Post by largeinveston Dec 02, 2018 8:29pm

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Post# 29051840

Regarding operating costs and power

Latest presentations shows how power costs (and added carbon taxes from that apparently "dirty" power) make up $4-$5 a bbl in costs. He said he has a three year plan that costs between $5-$10 million a year to switch power sources and reduce costs across the board. And then of course he is also working on blending to increase our WCS price further. Cj is in a very strong position...which is now made even stronger that we are exempt from any production cuts.

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