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) > In case you didn't know...

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Comment by meritmaton Dec 13, 2023 11:28pm

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Post# 35783670

RE:RE:RE:RE:RE:RE:RE:RE:RE:In case you didn't know...

Don't take a major to take out a 25k boe oil company. In fact most won't bother looking at a company this size unless there sitting on a massive land base or have something they really want.

Don't think major. Think more of a mid size company or maybe a company that's private and wants to go public.

Would a company like say Whitecap be interested in something Cardinal size.

Also a lot will depend on the new SAGD project. If it turns out you just added 20 years of production.

Good times ahead

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