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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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.


TSX:CJ - Post by User

Post by Konaboyon May 09, 2022 11:26am
148 Views
Post# 34667014

Q1 Revenue estimate

Q1 Revenue estimateHere's what I put together (not sure if I can get the image posted) - $165M CDN. 

  Light/NGL Med/Heavy Gas Light/NGL Med/Heavy Gas Total
Midale 3100 0 0 100%     3100
South 0 4160 6240   80% 20% 5200
Dentral 0 5472 1368   96% 4% 5700
North 4800 0 9600 75%   25% 6400
  7900 9632 17208       20400
  39% 47% 84%        
               
Pricing Light WCS Henry   USD    
Dec 102.06 66.906 4.7376 81 53.1 3.76  
Jan 117.18 82.656 5.5188 93 65.6 4.38  
Feb 128.52 99.666 5.9094 102 79.1 4.69  
Average 115.92 83.076 5.3886        
               
Revenue Light WCS Henry        
Dec  $        915,768  $          800,188  $           92,727        
               
     $      1,808,683          
    91          
     $  164,590,159          

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