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)

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Comment by pppon Feb 10, 2019 10:34am

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Post# 29343547

RE:RE:how to use adjusted cashflow in excess of 15 MM dvd & ARO

Times have changed. Look at the share price, free money days are over. The growth days are over,
till we can clear our oil. 2019 will show us what this company can do. And no we are not CFO's and CEO's, but I will not stand by while the company makes decisions that effect the outcome of my investment. And increasing the DIV in April in this environment is total insanity. And I will venomously oppose it.

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