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Cardinal Energy Ltd.
25 articles mentioning Cardinal Energy Ltd. · Page 1 of 2
Cardinal Energy Ltd. First Quarter 2023 Results
Cardinal Energy Ltd. announced first quarter 2023 results. Highlights 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(1)...
Cardinal Energy First Quarter 2021 Results
Cardinal Energy Ltd. reported its Q1 2021 results. Highlights: Generated $16.1 million of adjusted funds flow, an 8% increase over the same period in 2020 and a 19% increase over the prior quarter. Excluding realized hedging...
Cardinal Energy Fourth Quarter, Full Year 2020 Results
Cardinal Energy Ltd. reported its Q4/full year 2020 results. 2020 Highlights: Fourth quarter adjusted funds flow(1) of $13.6 million funded a conservative capital program of $3.6 million and supported a $12.5 million reduction in net debt(1)...
Cardinal Energy's Credit Line Renewed at $225 Million
Cardinal Energy Ltd. has received approval from its lenders regarding its credit line. The Facilities were renewed at $225 million and extend the revolving period and maturity date to May 31, 2021 and May 31, 2022,...
Cardinal Extends Revolving Period for Credit Line; Restrictions Imposed
Cardinal Energy Ltd. has received approval to extend the revolving period under the Company’s $325 million reserves-based credit facility. Cardinal signed an extension until June 30, 2020 in order for the syndicate to have more time...
Cardinal Energy First Quarter 2020 Results
Cardinal Energy Ltd. reported its Q1 2020 results. Cardinal’s response to the current low oil pricing environment has been swift. Latest Updates: Reduced our 2020 annual capital budget by 54% to $31 million of which $22...
Cardinal Slashes Budget 54% to $31 Million; Majority Spent in Q1
Cardinal Energy Ltd. reported its plan for 2020 as well as its Q4 2019 results. 2020 Plans Cardinal has significantly decreased our capital budget from $67 million to $31 million ($22 million has already been spent,...
Cardinal Energy Talks Q3 2019 Results
Cardinal Energy Ltd. reported its Q3 2019 results. Highlights from the third quarter of 2019: Cardinal generated free cash flow of $6.4 million during the third quarter increasing our total free cash flow for the first...
Cardinal Energy Details Q2 2019 Results
Cardinal Energy Ltd. reported its Q2 2019 results. Highlights from the second quarter of 2019: Record second quarter 2019 adjusted funds flow of $35.7 million increased 21% over Cardinal's previous high of $29.6 million in first...
Cardinal Energy Reports Q1 2019 Results
Cardinal Energy Ltd. reported its Q1 2019 results. Highlights from the first quarter of 2019: Adjusted funds flow increased by 16% and adjusted funds flow per share increased 9% over the same period in 2018. As...
Cardinal Shutting in 15% of Production Amidst Oil Price Volatility, Storage Glut
Cardinal Enegy reported that it reached record production of approximately 22,000 boe/d, well ahead of our production guidance of 21,000 – 21,500 boe/d. Since then, with widening Canadian oil price differentials we began to systematically shut-in...
Cardinal's Q2 Production Ahead of Forecast for 2018 at 20.5 MBOEPD
Cardinal Energy reported its Q2 2018 results. Highlights: Second quarter results, which saw production average 20,882 boe/d for the quarter, ahead of our 20,500 boe/d budget forecast for Q2. Drilled and completed two horizontal multistage fractured...
Cardinal Gets Oilier in 2017; Touts Production of 18.7 MBOEPD
Cardinal Energy reported its year end 2017 results. Highlights: 2017 Production of 18,707 BOEPD Increased annual production by 28% and fourth quarter production by 43% which included a 39% increase in crude oil production compared to...
Cardinal Unveils 2018 Budget of $132MM; ~52.6% Allocated for Acquisitions
Cardinal Energy released its preliminary 2018 budget and drilling plans. Highlights include: 2018 Capex: $132 million North Area: 37% of capex or $48.84 million South Area: 17% of capex or $22.44 million Central Area: 9% of...
Cardinal Spends $3.9MM on 2 Wells; Increases Production 43% YoY in Q3
[Summary: Cardinal Energy reported its Q3 results. Highlights include: Reported average daily production of 21,463 boe/d, an increase of 43% from Q3 2016 when production was 14,957 boe/d Capital expenditures in Q3 2017 were $14.3 million,...
Cardinal Ups Production 17% YOY to 17.2 MBOEPD; Raises New Capital
[Cardinal Energy reported its Q2 2017 results. Highlights include: Increased production for Q2 2017 versus Q2 2016 by 17% to 17,154 boe/d Closed a strategic acquisition of light oil low decline properties at House Mountain and...
Cardinal Energy to Drill 18 Wells, Expand Production 20% in 2017
forecast average production represents an increase of 15% - 18% over 2016
Cardinal Energy's Production Up 48%
Production for the third quarter increased by 48% to 11,220 boe/d.
Cardinal Energy Lowers Bantry Well Costs
Development capital expenditures totaled $11.3 million and included drilling 4 wells at Bantry.
Cardinal Energy Staying the Course on 2015 Spending
First quarter production increased 77% to 11,023 boe/d.