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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Comment by pmdanti2on Dec 16, 2024 6:59am
110 Views
Post# 36363647

RE:RE:RE:RE:RE:RE:RE:RE:credit line increase for the second time

RE:RE:RE:RE:RE:RE:RE:RE:credit line increase for the second timeDoes this mean you are in bear mode now?  So sincere.  Like a fella in a bar after a night of indulging.  This will all come down to whether this IEA hyped oil surplus is going to show up in the new year.  We will see soon enough.
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