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) > Tough one here

<< Previous

Bullboard Posts

Next >>

Comment by Wildfuryon Nov 16, 2023 10:58pm

515 Views

Post# 35740510

RE:Tough one here

Greetings, as per Cardinals earnings report a new board member was added that has 35 years experience and has extensive knowledge of SAGD, steam assisted gravity drainage,how it works & what's involved in building & running the operation. I believe Cardinal will follow through with the project with a careful eye on energy prices.

<< Previous

Bullboard Posts

Next >>

Investors eye Australian gold mining projects amid promising developments