Cardinal Energy Ltd. confirms that our dividend of $0.015 per common share will be paid on October 15, 2019 to shareholders of record on September 30, 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. Cardinal is a junior Canadian oil focused company built to provide [...]
Cardinal Energy Ltd. confirms that our dividend of $0.015 per common share will be paid on September 16, 2019 to shareholders of record on August 30, 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. Cardinal is a junior Canadian oil focused company built to provide [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the quarter ended June 30, 2019 and that the Toronto Stock Exchange has accepted the notice of Cardinal's intention to commence a normal course issuer bid . The Company's unaudited financial statements and management's discussion and analysis for the quarter ended June 30, 2019, will be available on the System for Electronic Document [...]
Cardinal Energy Ltd. confirms that our dividend of $0.015 per common share will be paid on August 15, 2019 to shareholders of record on July 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. Cardinal would also like to confirm that although shareholders had approved the consolidation of its [...]
Cardinal Energy Ltd. confirms that a dividend of $0.01 per common share will be paid on July 15, 2019 to shareholders of record on June 28, 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. As previously announced, Cardinal will be increasing its dividend by 50% to $0.015 per month effective for [...]
Cardinal Energy Ltd. reports that the nominees listed in its Information Circular - Proxy Statement for the 2019 Annual and Special 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 27,994,650 80.86 6,625,725 19.14 John A. Brussa 27,534,129 79.53 [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the quarter ended March 31, 2019. The Company also announces that its unaudited financial statements and management's discussion and analysis for the quarter ended March 31, 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 [...]
Cardinal Energy Ltd. confirms that a dividend of $0.01 per common share will be paid on May 15, 2019 to shareholders of record on April 30, 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. Cardinal is a junior Canadian oil focused company built to provide investors [...]
Cardinal Energy Ltd. is pleased to announce that with improved commodity pricing and the security of its oil hedging position that it is increasing its 2019 budget guidance and dividend rate. Budget Update: Using an average oil price of $57.50 WTI and a WCS differential of US $15.50 for the balance of 2019 we are now forecasting an increase of approximately 20% in adjusted funds flow to $110 to $120 million for 2019 [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2018. 2018 FINANCIAL HIGHLIGHTS Production for 2018 averaged 20,858 boe/d, an 11% increase over 2017. Fourth quarter production averaged 20,365 boe/d, after the Company voluntarily curtailed sales volumes due to low pricing, which impacted production by approximately 1,100 boe/d. Despite [...]
Cardinal Energy Ltd. confirms that a dividend of $0.01 per common share will be paid on April 15, 2019 to shareholders of record on March 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. Cardinal is a junior Canadian oil focused company built to provide investors [...]
Cardinal Energy Ltd. is pleased to present its 2018 year end reserves which reinforce our successful 2018 drilling program and the low decline nature of our asset base. RESERVE HIGHLIGHTS Proved Developed Producing reserve additions of 10.7 mmboe replaced 2018 production by 1.4x, predominantly through organic growth and Total Proved plus Probable reserve additions of 12.7 mmboe replaced 2018 production 1.7x. PDP Finding [...]