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) > Now we know why, the acquisition of Venturion

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Comment by Rational43on Jun 02, 2021 1:09pm

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Post# 33311485

RE:RE:Now we know why, the acquisition of Venturion

Agree this is a great acquisition, and shows how much opportunity there is for superior management in the WCSB.

This deal is way better than Tamarack's activity. A lot of upside to acreage that Venturion didn't have the money to develop.

Gear is still cheap, but Cardinal has become my favorite name in the energy sector, and this deal re-inforces it.

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Advancing flagship Ishkõday Gold Project in Ontario