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

Comment by Cardboard1on Jan 28, 2020 7:00pm

105 Views

Post# 30611284

RE:Peak Permian Output Is Approaching Faster Than Expected

Can only hope that it will happen soon. This has lasted long enough or this stupidity of pumping at any price to make what kind of return?

13 million bls/d now how crazy is that?

If they slow down at all capex in Canada on shale plays production gets hit in less than 3 months. Something does not add up down there.

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week