Cardinal Energy Ltd. is pleased to announce its operating and financial results for the first quarter ended March 31, 2023. 2023 Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling results across our asset base; Adjusted funds flow was $52.3 million which was allocated to capital expenditures of $25.3 million and dividends of $28.7 million; Cardinal's net [...]
Cardinal Energy Ltd. confirms that our May dividend of $0.06 per common share will be paid on June 15, 2023 to shareholders of record on May 31, 2023. 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 works to continually improve its Environmental, Social and [...]
Cardinal Energy Ltd. confirms that our April dividend of $0.06 per common share will be paid on May 15, 2023 to shareholders of record on April 28, 2023. 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 works to continually improve its Environmental, Social and [...]
Cardinal Energy Ltd. confirms that our March dividend of $0.06 per common share will be paid on April 14, 2023 to shareholders of record on March 31, 2023. 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 works to continually improve its Environmental, Social and [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2022. 2022 Reduced net debt by $115.5 million in 2022, a 65% reduction over year-end 2021 which reduces corporate risk and increases Cardinal's sustainability; Reinstated our monthly dividend in 2022 and subsequently increased it to $0.06 per share per month in the fourth quarter providing [...]
Cardinal Energy Ltd. is pleased to present the results of its independent reserve report effective December 31, 2022. One hundred percent of Cardinal's year-end 2022 reserves were evaluated by independent reserves evaluator GLJ Ltd. with an effective date of December 31, 2022 . The 2022 financial information in this news release is unaudited and accordingly, such financial information is subject to change based on the [...]
Cardinal Energy Ltd. confirms that our February dividend of $0.06 per common share will be paid on March 15, 2023 to shareholders of record on February 28, 2023. 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 works to continually improve its Environmental, Social [...]
Cardinal Energy Ltd. confirms that our January dividend of $0.06 per common share will be paid on February 15, 2023 to shareholders of record on January 31, 2023. 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 works to continually improve its Environmental, Social [...]
Cardinal Energy Ltd. confirms that our December dividend of $0.06 per common share will be paid on January 16, 2023 to shareholders of record on December 30, 2022. 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 works to continually improve its Environmental [...]
Cardinal Energy Ltd. confirms that our November dividend of $0.06 per common share will be paid on December 15, 2022 to shareholders of record on November 30, 2022. 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 works to continually improve its Environmental [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the third quarter ended September 30, 2022 and its 2023 budget. 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 and nine month periods ended September 30, 2022 which [...]
Cardinal Energy Ltd. confirms that our October dividend of $0.06 per common share will be paid on November 15, 2022 to shareholders of record on October 31, 2022. 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 expects to reach the final milestone of its Three Phase 2022 Debt Repayment [...]
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