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Cardinal Energy Ltd (CJ.TO)

CJ.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cardinal Energy Says Production Is Expected To Average 21,000 To 21,500 Boe/D For 2018
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Cardinal Energy Ltd ::CARDINAL ENERGY - PRODUCTION IS EXPECTED TO AVERAGE 21,000 TO 21,500 BOE/D FOR 2018.CARDINAL ENERGY LTD - PRODUCTION GROWTH IS EXPECTED TO OCCUR IN Q4 OF 2018.CARDINAL ENERGY LTD - 2018 CAPITAL BUDGET IS EXPECTED TO PRODUCE PRE-HEDGING ADJUSTED FUNDS FLOW OF $132 MILLION.CARDINAL ENERGY LTD - ‍AFTER ACCOUNTING CO'S CURRENT COMMODITY HEDGING EXPOSURE, ADJUSTED FUNDS FLOW IS EXPECTED TO BE ABOUT $125 MILLION​ IN 2018.CARDINAL ENERGY - ‍ALL ACQUISITIONS DONE IN 2018 TO BE FUNDED WITH EXCESS OPERATING ADJUSTED FUNDS FLOW, CO WILL NOT INCUR ADDITIONAL DEBT FOR ACQUISITIONS​.CARDINAL ENERGY LTD - ‍PRODUCT MIX (87% OIL/13% NATURAL GAS) IS EXPECTED TO BE 50/50 LIGHT OIL VERSUS MEDIUM OIL AT YEAR END 2018​.CARDINAL ENERGY LTD - EXPECTS TO FINALIZE ADDITIONAL ROYALTY AND FEE TITLE ASSET SALES IN Q1 2018.CARDINAL ENERGY LTD - ‍EXPECTS TO FINALIZE ADDITIONAL ROYALTY AND FEE TITLE ASSET SALES IN Q1 2018​.  Full Article

CARDINAL ENERGY ANNOUNCES DEPARTURE OF PRESIDENT SHANE PEET
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Cardinal Energy Ltd ::CARDINAL ENERGY LTD. ANNOUNCES MANAGEMENT CHANGES.CARDINAL ENERGY LTD - ‍DEPARTURE OF SHANE PEET PRESIDENT OF CARDINAL EFFECTIVE IMMEDIATELY​.CARDINAL ENERGY LTD - ‍SCOTT RATUSHNY, CARDINAL'S CEO WILL RESUME TITLE OF PRESIDENT​.  Full Article

Cardinal Energy Ltd. announces third quarter 2017 results
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Cardinal Energy Ltd :Cardinal Energy Ltd. announces third quarter 2017 results.Cardinal Energy Ltd-qtrly ‍shr $0.21​.Cardinal Energy Ltd says ‍average production of 21,463 boe/d for Q3 of 2017​.  Full Article

Cardinal Energy qtrly loss per share $0.52
Wednesday, 3 Aug 2016 

Cardinal Energy Ltd : Cardinal energy ltd. Announces second quarter results . Increased its base capital expenditure budget by $10 million for last half of 2016 . Cardinal's credit facility was renewed at $150 million and $25 million was drawn at end of q2 2016 . Cardinal energy ltd says will continue to work towards increasing liability management ratio to exceed 2.0 in 2017 . Production for q2 was 14,621 boe/d, an increase of 3% over q1 2016 and an increase of 29% over q2 2015 . Qtrly loss per share $0.52 .Revised capex expected to result in average production of 15,100 boe/d in q4, up from previous guidance of 14,600 boe/d.  Full Article

Cardinal Energy closes equity financing and renewes credit facility
Wednesday, 15 Jun 2016 

Cardinal Energy Ltd : Credit facilities available to company were unchanged at $150 million and borrowing base was amended to $250 million .Cardinal energy ltd. Announces closing of equity financing and renewal of credit facility.  Full Article

Cardinal confirms dividend of $0.035/shr to be paid on July 15
Friday, 10 Jun 2016 

Cardinal Energy Ltd :Confirms that a dividend of $0.035 per common share will be paid on July 15, 2016 to shareholders.  Full Article

Cardinal Energy increases previously announced bought deal financing to $60.8 mln
Thursday, 26 May 2016 

Cardinal Energy Ltd : Has increased size of its previously announced public offering to 6,500,000 common shares . Maximum gross proceeds that could be raised under offering is approximately $66.9 million .Cardinal Energy Ltd announces an increase to the previously announced bought deal financing to $60.8 million.  Full Article

Cardinal Energy says agreed to $50 mln bought deal financing
Thursday, 26 May 2016 

Cardinal Energy Ltd : Underwriters will have option to purchase additional 535,000 common shares issued under offering to cover over-allotments . Cardinal Energy Ltd says intends to use net proceeds of offering to initially reduce indebtedness . Underwriters agreed to purchase for resale to public, on a bought deal basis, 5.4 million shares for $9.35 per common share . Following closing of offering, Cardinal expects to increase its base capital expenditure budget and update its 2016 guidance . Net bank debt, following closing of offering, is expected to be approximately $40 million .Cardinal Energy Ltd. Announces $50 million bought deal financing.  Full Article

Cardinal Energy Ltd confirms monthly dividend for April
Friday, 8 Apr 2016 

Cardinal Energy Ltd:Confirms that a dividend of $0.035 per common share will be paid on May 16, 2016 to shareholders of record on April 29, 2016 with an ex-dividend date of April 27, 2016.  Full Article

Cardinal Energy Ltd confirms monthly dividend for February
Friday, 12 Feb 2016 

Cardinal Energy Ltd:Confirms that a dividend of $0.035 per common share will be paid on March 15 to shareholders of record on February 29.  Full Article