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) > Should CJ Be Interested In GXE?

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Comment by Quintessential1on Oct 02, 2023 4:56am

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Post# 35664478

RE:RE:RE:RE:Should CJ Be Interested In GXE?

I don't know Td. According to Jay CJ could get payback within 2 years and increase the div by 1 cent per month all on lands that overlap CJs and have 10 years of production.

That might be worth the 20% premium

GLTY and all

tylerreddick wrote: Doesn't matter if GXE would accpet a $1 offer, just that no one should pay more than that. Their assets simply aren't that valuable.

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