Cardinal Energy Ltd. Announces Monthly Dividend for February
Calgary, Alberta--(Newsfile Corp. - February 10, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") 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...
2025-02-10 5:01 PM EST
Cardinal Energy Ltd. Announces the 2025 Budget
Calgary, Alberta--(Newsfile Corp. - January 15, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce the 2025 budget. 2025 BUDGET HIGHLIGHTS Generate adjusted funds flow(1) of $217 million(2) ($1.30 per diluted share) 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...
2025-01-15 8:00 AM EST
Cardinal Energy Ltd. Announces Monthly Dividend for January
Calgary, Alberta--(Newsfile Corp. - January 13, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") 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...
2025-01-13 4:30 PM EST
Cardinal Energy Ltd. Announces Closing of $60 Million Bought Deal Offering of Senior Subordinated Unsecured Debentures and Common Share Purchase Warrants
Calgary, Alberta--(Newsfile Corp. - January 3, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce that it has completed its previously announced offering (the "Offering") of units (the "Units") of Cardinal with a syndicate of underwriters (the "Underwriters") led by CIBC Capital Markets and including ATB Securities Inc., RBC Capital Markets., BMO Capital Markets, Peters & Co. Limited, Canaccord Genuity Corp., iA Private Wealth Inc., Raymond James Ltd....
2025-01-03 8:32 AM EST
Cardinal Energy Ltd. Announces Redetermination and Upsizing of Credit Facility
Calgary, Alberta--(Newsfile Corp. - December 12, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") announces it has entered into an agreement with its syndicate of lenders to redetermine and increase its credit facilities ("Facilities"). The Facilities were increased to $275 million (previously $200 million) while the revolving period and maturity date remain the same at May 31, 2025 and May 31, 2026, respectively. Cardinal has received a reserve based lending commitment...
2024-12-12 5:01 PM EST
Cardinal Energy Ltd. Announces Monthly Dividend for December
Calgary, Alberta--(Newsfile Corp. - December 9, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our December dividend of $0.06 per common share will be paid on January 15, 2025 to shareholders of record on December 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...
2024-12-09 5:01 PM EST
Cardinal Energy Ltd. Announces Monthly Dividend for November
Calgary, Alberta--(Newsfile Corp. - November 12, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our November dividend of $0.06 per common share will be paid on December 16, 2024 to shareholders of record on November 29, 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...
2024-11-12 7:30 AM EST
Cardinal Energy Ltd. Announces Third Quarter 2024 Operating and Financial Results
Calgary, Alberta--(Newsfile Corp. - November 7, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the third quarter ended September 30, 2024. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE THIRD QUARTER OF 2024 Third quarter production of 21,128 boe/d was impacted by a planned Company operated plant turnaround and an unplanned third-party facility turnaround as well as the voluntary shut-in of natural gas...
2024-11-07 7:24 PM EST
Cardinal Energy Ltd. Announces Monthly Dividend for October
Calgary, Alberta--(Newsfile Corp. - October 11, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our October dividend of $0.06 per common share will be paid on November 15, 2024 to shareholders of record on October 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...
2024-10-11 5:01 PM EDT
Cardinal Energy Ltd. Announces Monthly Dividend for September
Calgary, Alberta--(Newsfile Corp. - September 9, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our September dividend of $0.06 per common share will be paid on October 15, 2024 to shareholders of record on September 30, 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...
2024-09-09 5:01 PM EDT
Cardinal Energy Ltd. Announces Monthly Dividend for August
Calgary, Alberta--(Newsfile Corp. - August 12, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our August dividend of $0.06 per common share will be paid on September 16, 2024 to shareholders of record on August 30, 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...
2024-08-12 5:01 PM EDT
Cardinal Energy Ltd. Announces Second Quarter 2024 Operating and Financial Results
Calgary, Alberta--(Newsfile Corp. - August 1, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the second quarter ended June 30, 2024. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE SECOND QUARTER OF 2024 Average production volumes of 22,376 boe/d were 3% higher than the first quarter of 2024, despite shutting in 250 boe/d of subeconomic natural gas, as volumes from the Company's strong first quarter drilling...
2024-08-01 6:00 PM EDT
Cardinal Energy Ltd. Announces Monthly Dividend for July
Calgary, Alberta--(Newsfile Corp. - July 8, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our July dividend of $0.06 per common share will be paid on August 15, 2024 to shareholders of record on July 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...
2024-07-08 5:01 PM EDT
Cardinal Energy Ltd. Announces Monthly Dividend for June and the Release of Our 2023 ESG Report
Calgary, Alberta--(Newsfile Corp. - June 10, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our June dividend of $0.06 per common share will be paid on July 15, 2024 to shareholders of record on June 28, 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. Cardinal has released our 2023 Environmental, Social and Governance ("ESG")...
2024-06-10 5:05 PM EDT
Cardinal Energy Ltd. Announces Extension of Credit Facility
Calgary, Alberta--(Newsfile Corp. - May 27, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") announces it has entered into an agreement with its syndicate of lenders to extend and increase its credit facilities ("Facilities"). The Facilities were increased to $200 million (previously $155 million) and the revolving period and maturity date were extended to May 31, 2025 and May 31, 2026, respectively. In connection with the renewal, Cardinal has received a reserve based...
2024-05-27 2:01 AM EDT
Cardinal Energy Ltd. Announces May Dividend
Calgary, Alberta--(Newsfile Corp. - May 13, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that its May dividend of $0.06 per common share will be paid on June 14, 2024, to shareholders of record on May 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...
2024-05-13 5:00 PM EDT
Cardinal Energy Ltd. Report on Voting from the 2024 Shareholders Meeting
Calgary, Alberta--(Newsfile Corp. - May 10, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") held its annual shareholders meeting (the "Meeting") today. A total of 48,249,075 votes representing 30.224% of the total votes entitled to vote at the Meeting, were voted in connection with the matters considered at the Meeting. Full results for all resolutions are set forth below. 1. Fixing number of Directors By ordinary resolution passed via ballot, the number of directors to...
2024-05-10 5:05 PM EDT
Cardinal Energy Ltd. Announces First Quarter 2024 Operating and Financial Results and 2024 Budget Update
Calgary, Alberta--(Newsfile Corp. - May 9, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the first quarter ended March 31, 2024. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE FIRST QUARTER OF 2024 Production for the first quarter of 2024 was consistent with the first quarter of 2023 and was higher than budget for the quarter. First quarter production further evidenced the strength of Cardinal's low-decline...
2024-05-09 7:07 PM EDT
Cardinal Energy Ltd. Announces April Dividend
Calgary, Alberta--(Newsfile Corp. - April 8, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that its April dividend of $0.06 per common share will be paid on May 15, 2024, to shareholders of record on April 30, 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...
2024-04-08 5:05 PM EDT
Cardinal Energy Ltd. Announces Fourth Quarter 2023 and Year-End Financial Results
Calgary, Alberta--(Newsfile Corp. - March 14, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2023. HIGHLIGHTS FROM THE FOURTH QUARTER AND FULL YEAR OF 2023 Production for the fourth quarter and for the full year of 2023 increased by 4% and 1%, respectively, over the same periods in 2022. Adjusted funds flow(1) for the fourth quarter was $64.0 million and for...
2024-03-14 6:33 PM EDT