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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF | T.CJ.WT | T.CJ.DB

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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)
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Post by divime1on May 17, 2023 4:53pm
255 Views
Post# 35453355

Here's the

Here's the impact of the differential on Funds from Operations on Gear Energy .  For the first quarter the diff. avr 24.76 . In April it was 15.96 .  Total first quarter funds  were $13 . For April it was $ 6.9 . If it stays like this that would be $ 20.7 . Gear only produces ave 6,000 BOE a day .

Imagine what it's doing for CJ's bottom line .



https://f8d829.p3cdn1.secureserver.net/wp-content/uploads/2023/05/2023-April.pdf
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