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) > Simple Math CJ

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Comment by Coolsonon Sep 11, 2022 5:09pm

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Post# 34955366

RE:Simple Math CJ

We earned so far 73 days x 611,111=44,611,103 fcf After div 44,611,103-24m=20,611,103 in the bank. If they allocate 50% to debt so 10.3m is going to debt and 10.3m to share buyback.

Sept 17 is the day they should announce 50m debt level.

No chance for dividend increase and no chance for 50m paydown by the end of the year...

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