CALGARY, ALBERTA–(Marketwired – March 13, 2017) – Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX:CJ) is pleased to announce its operating and financial results for the quarter and year ended December 31, 2016 as well as its 2016 year end reserves.

FINANCIAL AND OPERATING HIGHLIGHTS ($ 000’s except shares, per share and operating amounts) Three months ended December 31 Year ended December 31 2016 2015 % Change 2016 2015 % Change Financial Petroleum and natural gas revenue 58,721 43,300 36 195,942 178,100 10 Cash flow from operating activities 9,728 9,121 7 60,962 86,735 (30 ) Adjusted funds flow(1) 16,247 17,955… Continue Reading

CALGARY, ALBERTA–(Marketwired – Feb. 14, 2017) – Cardinal Energy Ltd. (“Cardinal“) (TSX:CJ) confirms that a dividend of $0.035 per common share will be paid on March 15, 2017 to shareholders of record on February 28, 2017 with an ex-dividend date of February 24, 2017. The Board of Directors of Cardinal has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes.

About Cardinal Energy Ltd.

Cardinal is a junior Canadian oil focused company built to provide investors with a stable … Continue Reading

CALGARY, ALBERTA–(Marketwired – Jan. 24, 2017) – Cardinal Energy Ltd. (“Cardinal” or the “Company”) (TSX:CJ) announced today that its Board of Directors has approved a $100 million capital expenditure budget for 2017 that focuses on balance sheet strength, maintaining a significant and sustainable dividend and development of all of our three core areas.

The 2017 capital budget is designed to achieve significant growth in funds flow per share, and maintaining the Company’s annualized dividend at $0.42/share. Capital expenditures will be funded by reinvesting cash flow and the consideration for a proposed acquisition described below.

Development capital expenditures are anticipated to … Continue Reading

CALGARY, ALBERTA–(Marketwired – Jan. 17, 2017) – Cardinal Energy Ltd. (“Cardinal“) (TSX:CJ) confirms that a dividend of $0.035 per common share will be paid on February 15, 2017 to shareholders of record on January 31, 2017 with an ex-dividend date of January, 27, 2017. The Board of Directors of Cardinal has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes.

About Cardinal Energy Ltd.

Cardinal is a junior Canadian oil focused company built to provide investors with a stable … Continue Reading