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) > UnHedged, Pure and Clean

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Comment by Stavkoton Feb 04, 2022 3:30pm

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Post# 34399166

RE:UnHedged, Pure and Clean

Fully Diluted Share Outstanding 166 MM Net Debt December 31 (approx.) $177 MM Bank Debt December 31 (approx.) $164 MM Production Average 2022 20,500 BOEPD Production Decline +/- 10% Cash Flow Estimate 2022 ($80 WTI) $270 MM CAPEX 2022 $75 MM Cash Flow Sensitivity ($1 WTI) +/- $5.6 MM Tax Pools $1.4 Billion 2022 Hedging Unhedged

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