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) > 1st and 2nd quarter WTI prices

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Comment by Rileym7833on Apr 25, 2022 10:21pm

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Post# 34630901

RE:RE:RE:RE:RE:1st and 2nd quarter WTI prices

Thank you for finding the winter presentation because I knew I had seen it somewhere. I bet they go with $0.07/month because that's what they had said when oil was significantly cheaper last year. No reason to roll back what Page 7 says, dividend will be determined by oil price at time phase 2 is complete. I don't know why these guys keep citing Q1 oil price. If the dividend doesn't start until July or August that's fine by me, but I'm quite confident in the 7 cent payout.

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