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) > Kavern April CJ Production Estimate

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Post by kavern23on May 27, 2021 1:44pm

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Post# 33276545

Kavern April CJ Production Estimate

Time to update the table with April:

	Dec (Boe)	Jan (Boe)	Feb	March	April
Cardinal Alberta Well Count	1251	1265	1278	1281	1287
Top Ten Wells (Combined Prod)	1670	1536	1404	1388	1409
Average Oil Production (Boe)	12594	12526	12308	12555	12418

As always this is only Alberta oil production.
Production looks quite good. Declines still are not an issue.
6 more wells activated
April total production should be in the 18,300-18,400 BOE range.

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Rig Count Soars as Utilization Surpasses Industry Averages