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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 geezer21on May 27, 2022 3:27pm
135 Views
Post# 34713135

Iran Seizes 2 Oil Tankers in Retaliation

Iran Seizes 2 Oil Tankers in Retaliationhttps://www.zerohedge.com/geopolitical/irgc-operatives-seizes-2-greek-tankers-persian-gulf-retaliation-us-taking-iranian-oil

Iran Seizes 2 Greek Tankers In Gulf As Retaliation For US Taking Oil

by Tyler Durden
Friday, May 27, 2022 - 12:36 PM

Iranian military operatives have seized two Greek oil tankers in the Persian Gulf on Friday. The Associated Press initially reported that the US Navy is "looking into" the reports. The tankers were boarded in international waters in the gulf, with the AP in follow-up saying that IRGC operatives now have control of the ships.

The IRGC has announced it is in possession of the seized vessels, with Bloomberg reporting, "The Guard's announcement comes as tensions remain high between Iran and the West over stalled negotiations regarding its rapidly advancing nuclear program." And more according to the AP:

The Guard issued a statement on its website, accusing the unnamed tankers of unspecified violations.

Greece’s Foreign Ministry said Iranian authorities “violently took over” the two ships in an “act of piracy.”

Delta Poseidon, via Lloyd's List

Industry monitor Lloyd's List maritime intelligence describes that its "sources confirmed that in two seemingly similar operations the suezmaxes Delta Poseidon (IMO: 9468671) and Prudent Warrior (IMO: 9753545), both under Greek flag, were approached by Iranian helicopters on Friday afternoon."

"They were both boarded by military personnel and later escorted by naval vessels from international traffic lanes to Iranian waters a few miles off the coast," the report continues.

Earlier in the day Tehran threated "punitive measures" after the United States seized a Russian flagged tanker transporting Iranian oil off Greece.

Iranian sources stated following the tanker seizure in the Mediterranean, "The Islamic Republic has decided to take punitive measures against Greece after it seized an Iranian tanker and let the US government confiscate its crude oil, Nour News, affiliated to Iran's Supreme National Security Council, reports."

developing...
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