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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

Comment by kavern23on Oct 06, 2023 8:46pm
167 Views
Post# 35674202

RE:RE:RE:RE:RE:RE:Blood bath

RE:RE:RE:RE:RE:RE:Blood bathIraq though still cant upset Kurds too much as Kurds have the tough soliders.
It's the Kurds that gave ISIS a licken and spanked them.
Iraq military wants no part of experienced and battle hardened soliders that kurds are,

Kurds and Iraq gov have already agreed to a deal, kurds hand over  oil and get like 12.5% of state budget.

I think holdup is more on Turkey end. Probably putin influence as Russian Urals compete with Kurds type of oil.

Turkey is probably getting the USA squeeze and pressure to open it.

It's closure has had more of an impact on oil then most realize.

That kurd oil goes to europe mainly and is good for france and germany refineries to make diesel.

Instead Europe has to buy USA light oil and produce more gasoline ratio.

Russia has alot of reasons to want that pipeline from Iraq to Turkey to remain closed.

Iraq just paid off their Kuwait war reparations no that long ago...thats why quaotas mean less to them. rebuilding more compared to rest of middle east.

Russia that needs to cut more if Turkey pipline opens.
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