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) > Sagd production start date

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Comment by Quintessential1on Mar 05, 2024 5:56pm

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Post# 35916800

RE:Sagd production start date

Yes.

On page 19 of the Investor Presentation they show it starting to ramp up around August of 2025.

https://cardinalenergy.ca/wp-content/uploads/2024/02/Q1-2024-Update-FINAL.pdf

Onstream targeting is for Q1 2026

1. Reford SAGD Project • Project 1 ready; 18 months from commencement to first steam • 2024 budget includes initial capital to develop 6,000 bbl/d SAGD Project targeting onstream in the first quarter 2026

GLTY and all