Cardinal Energy Ltd.

The Board of Directors of Cardinal Energy Ltd. is pleased to announce today the appointments of Devin Sundstrom as Vice President, North Area and Heath Williamson as Vice President, Thermal Operations. Mr. Sundstrom joined Cardinal in 2023 as Manager, North Operations. Mr. Sundstrom has over 30 years of experience in the oil and gas industry. Mr. Sundstrom's experience has included production engineering, drilling and [...]

Cardinal Energy Ltd. is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2024. 2024 Average production for the fourth quarter was 21,916 boe/d which led to annual production of 21,776 boe/d, consistent with 2023 despite capital expenditures that were 12% lower year over year; Adjusted funds flow for the fourth quarter was $65.1 million and for fiscal 2024 was [...]

Cardinal Energy Ltd. confirms that our March dividend of $0.06 per common share will be paid on April 15, 2025 to shareholders of record on March 31, 2025. 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 Canadian oil and natural gas company with operations [...]

Cardinal Energy Ltd. is pleased to announce that it has completed its previously announced offering of senior subordinated unsecured debentures with a syndicate of underwriters co-led by CIBC Capital Markets, RBC Capital Markets and ATB Capital Markets, with CIBC Capital Markets and RBC Capital Markets acting as joint-bookrunners, and including BMO Capital Markets, Peters & Co. Limited, Canaccord Genuity Corp. and Raymond [...]

SEDAR+ Alberta, Feb. 25, 2025 -- Cardinal Energy Ltd. is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by CIBC Capital Markets, RBC Capital Markets and ATB Capital Markets, with CIBC Capital Markets and RBC Capital Markets acting as joint-bookrunners, pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis, $40 million [...]

Cardinal Energy Ltd. is pleased to present the results of its independent reserve report effective December 31, 2024. Consistent with prior years, Cardinal's year-end 2024 non-thermal reserves were evaluated by GLJ Ltd. . The thermal reserves were independently evaluated by McDaniel & Associates Consultants Ltd. . The 2024 financial information in this news release is unaudited and accordingly, such financial information [...]

Cardinal Energy Ltd. confirms that our February dividend of $0.06 per common share will be paid on March 17, 2025 to shareholders of record on February 28, 2025. 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 Canadian oil and natural gas company with [...]

Cardinal Energy Ltd. is pleased to announce the 2025 budget. 2025 BUDGET HIGHLIGHTS Generate adjusted funds flow of $217 million at US$70 WTI; Average annual production of 21,300 to 21,700 boe/d for 2025 with exit 2025 production in excess of 24,500 boe/d as the Reford project begins to contribute volumes in the fourth quarter of 2025; Executing a conventional capital budget of $71 million and a thermal oil budget of $120 [...]

Cardinal Energy Ltd. confirms that our January dividend of $0.06 per common share will be paid on February 18, 2025 to shareholders of record on January 31, 2025. 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 Canadian oil and natural gas company with [...]

TORONTO, Jan. 3, 2025 /CNW/ - Trading resumes in: Company: Cardinal Energy Ltd. TSX Symbol: CJ.WT All Issues: No Resumption : 9:30 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on [...]