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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > New Acquisition - (quick napkin numbers)

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Comment by meritmaton Oct 05, 2023 2:09pm

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Post# 35671540

RE:RE:RE:RE:RE:RE:RE:RE:RE:New Acquisition - (quick napkin numbers)

JayBanks wrote:

meritmat wrote:
Bit off topic.

What oil price do they need to maintain div

thank you

Sub 70 oil (I'm pretty sure we have posted the company number and guidance in the past 2 months here if you scan back as this issue comes up almost monthly), and the new acquisition helped drive it lower... @ 90 they produce around 13-16 cents/month/share FCF...

We are likely to get an updated number from the company in the next few months...