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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) > Mannville lloydminster
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Comment by Quintessential1on Jul 17, 2024 4:54pm
271 Views
Post# 36137361

RE:Mannville lloydminster

RE:Mannville lloydminsterPerhaps they read this:

"Recent wells have faster payback periods, which allows for fast recycling of cash. The play is very responsive in high oil price environments. The fast, low-cost wells, with quick payouts also mean the real option value of the play is very high compared to other plays which can take years for development to spool up."

https://www.gljpc.com/tapping-into-opportunity-unlocking-the-potential-of-mannville-oil-in-the-lloydminster-and-cold-lake-areas-part-1/

GLTA

Marketwhiz wrote: Interwting to note they are focussed in this area all of a sudden as per last financials and presentation
new name westgate energy is there and drilling 2 well program as well. 


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