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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 Khersonon Dec 19, 2022 8:02pm
291 Views
Post# 35181091

Independent Director...

Independent Director...Lets not forget what an independent director is and how and when they are officially notified of any and all major decisions by the CEO and the CFO.
In the case with Cardinal, our friend John Brussa in his official role as an independent, represents the interests of shareholders and he is out of the inner loop, officially speaking...
As March 25, 2022, Brussa held 3.5 million shares of Cardinal, and being a lawyer, he is well versed in the finer points of law when it comes to the ASC.
Brussa is buying, therefore we are buying!
Kherson

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