Cardinal Energy Ltd. is pleased to present the results of its independent reserve report effective December 31, 2023. One hundred percent of Cardinal's year-end 2023 reserves were evaluated by independent reserves evaluator GLJ Ltd. with an effective date of December 31, 2023 . The 2023 financial information in this news release is unaudited and accordingly, such financial information is subject to change based on the [...]
Cardinal Energy Ltd. is announcing its February 2024 dividend and providing a general operations update. Cardinal intends to provide monthly operating updates, when applicable, with its monthly dividend news release. February 2024 Dividend The Company is confirming that its February dividend of $0.06 per common share will be paid on March 15, 2024, to shareholders of record on February 29, 2024. The Board of Directors of [...]
Cardinal Energy Ltd. confirms that our January dividend of $0.06 per common share will be paid on February 15, 2024 to shareholders of record on January 31, 2024. 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. confirms that our December dividend of $0.06 per common share will be paid on January 15, 2024 to shareholders of record on December 29, 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 is a Canadian oil and natural gas company with [...]
Cardinal Energy Ltd. confirms that our November dividend of $0.06 per common share will be paid on December 15, 2023 to shareholders of record on November 30, 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 is a Canadian oil and natural gas company with [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the third quarter ended September 30, 2023, the appointment of a new director, the establishment of a thermal operating unit and our 2024 budget. 2023 Third quarter 2023 adjusted funds flow of $81.2 million was 45% higher than the prior quarter due to higher commodity prices, increased production and lower operating costs; Average [...]
Cardinal Energy Ltd. confirms that our October dividend of $0.06 per common share will be paid on November 15, 2023 to shareholders of record on October 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 is a Canadian oil and natural gas company with [...]
Cardinal Energy Ltd. is pleased to announce it has completed an asset acquisition within its core operating areas for a purchase price of approximately $25.0 million. Based upon internal estimates effective July 1, 2023, the properties add an estimated 2.0 million barrels of proved developed producing reserves and are also expected to contribute approximately 900 boe/d of production beginning in the fourth quarter of [...]
Cardinal Energy Ltd. confirms that our September dividend of $0.06 per common share will be paid on October 16, 2023 to shareholders of record on September 29, 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 [...]
Cardinal Energy Ltd. confirms that our August dividend of $0.06 per common share will be paid on September 15, 2023 to shareholders of record on August 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. is pleased to announce its operating and financial results for the second quarter ended June 30, 2023. 2023 Average production volumes of 21,047 boe/d were negatively impacted by approximately 700 boe/d due to short-term shut-in production associated with forest fires in northern Alberta in the second quarter. All shut-in volumes are now back online with current production at approximately 22,000 [...]
Cardinal Energy Ltd. confirms that our July dividend of $0.06 per common share will be paid on August 15, 2023 to shareholders of record on July 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 [...]
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