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 Quintessential1on Dec 14, 2023 8:50am

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Post# 35784026

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

I wouldn't mind a CVE takout in a 2.5 : 1 share ratio. CVE has lots of experience with SAGD.

In the meantime watch CJ POP. The bid/ask premarket are both $6.25.

GLTA

lnggasfor202324 wrote:
The thing that makes it possible for CVE or CNQ interested is their SAGD pjoct is close to CNQ and CVE SAGD project from my understannding. CJ has 3 spots where they think will produce 6000-10000 boed for 20 years. That would fit in with CVE still,

I would think. Theres even a chance of that number going up.

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