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) > Quinnie

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Comment by Quintessential1on Oct 16, 2023 11:03am

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Post# 35685327

RE:RE:Quinnie

Like the last tuck in ...not only clearwater but cheap too.

Judging by the cost of the last purchase and what TOU just paid for Bonavista it seems GXE is too expensive at its current share price. It looks like GXE should continue to work the soil and pay down debt.

GLTY and all

lnggasfor202324 wrote: If Cardnal was going to invest, I would rather see them buying a bunch of Clearwater acreage unless they can buy it super cheap. Does anyone know how much abandoned wee liabilities Gear has?

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Rig Count Soars as Utilization Surpasses Industry Averages