Cardinal Energy Ltd. reports that the nominees listed in its Information Circular - Proxy Statement for the 2020 Annual Meeting of Shareholders were elected as directors. Detailed results of the vote for the election of directors held earlier today are set out below. Name of Nominee Votes For Percent Votes Withheld Percent M. Scott Ratushny 30,238,854 96.81 996,448 3.19 John A. Brussa 24,311,071 77.83 6,924,231 22.17 [...]
Cardinal Energy Ltd. announces that 99.54% of the holders of our 5.50% convertible debentures that voted at the extraordinary meeting of debentureholders held earlier today have voted in favour of a resolution approving certain amendments to the debentures. As a result, all debentureholders now have the right to exchange their debentures for a new series of 8.00% convertible debentures. This right must be exercised prior [...]
Cardinal Energy Ltd. has received approval to extend the revolving period under the Company's $325 million reserves-based credit facility and intends to call a meeting of the holders of its 5.50% extendible convertible unsecured subordinated debentures due December 31, 2020 to amend the Debentures with the addition of an exchange right. Credit Facility The Company's $325 million Credit Facility was available on a [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the first quarter ended March 31, 2020. Selected financial and operating information is shown below and should be read in conjunction with Cardinal's unaudited condensed interim financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2020 which are available at www.sedar.com and on our [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2019. 2019 FINANCIAL HIGHLIGHTS Production for the fourth quarter of 2019 averaged 20,227 boe/d with crude oil production increasing by 1% over the third quarter of 2019. As the Company is no longer limited by the Alberta government's curtailment program, current production in March is [...]
Cardinal Energy Ltd. is pleased to present the results of its independent reserve report effective December 31, 2019. Cardinal's year-end 2019 reserves were evaluated by independent reserves evaluator GLJ Petroleum Consultants as at December 31, 2019 . The 2019 financial and operating information in this press release is based on estimates and is unaudited and accordingly, such financial information is subject to change [...]
Cardinal Energy Ltd. confirms that our dividend of $0.015 per common share will be paid on March 16, 2020 to shareholders of record on February 28, 2020. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. One of Cardinal’s goals is to continually improve our [...]
Cardinal Energy Ltd. confirms that our dividend of $0.015 per common share will be paid on February 18, 2020 to shareholders of record on January 31, 2020. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. One of Cardinal’s goals is to continually improve our [...]
Cardinal Energy Ltd. is pleased to announce that its Board of Directors has approved an operating and capital budget for 2020 that will focus on debt reduction, a sustainable dividend, operating costs reductions and increasing production volumes. Cardinal also announces that the Toronto Stock Exchange has accepted the notice of Cardinal's intention to commence a normal course issuer bid . Highlights of 2020 Budget [...]
Cardinal Energy Ltd. confirms that our dividend of $0.015 per common share will be paid on December 16, 2019 to shareholders of record on November 29, 2019. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. One of Cardinal’s goals is to continually improve our [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the quarter ended September 30, 2019. The Company's unaudited financial statements and management's discussion and analysis for the quarter ended September 30, 2019, will be available on the System for Electronic Document Analysis and Retrieval at www.sedar.com and on Cardinal's website at www.cardinalenergy.ca. Highlights from the third [...]
Cardinal Energy Ltd. confirms that our dividend of $0.015 per common share will be paid on November 15, 2019 to shareholders of record on October 31, 2019. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. One of Cardinal’s goals is to continually improve our [...]
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