Cardinal Energy Ltd. is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2025. 2025 Cardinal achieved record production of 23,514 boe/d in the fourth quarter due to the Reford steam-assisted gravity drainage project moving into the production phase during the quarter and our conventional base production remaining resilient. Fourth quarter 2025 production increased [...]
Cardinal Energy Ltd. confirms that our March dividend of $0.06 per common share will be paid on April 15, 2026 to shareholders of record on March 31, 2026. 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 production company with [...]
Cardinal Energy Ltd. is pleased to present the results of its independent reserve reports effective December 31, 2025. Consistent with prior years, Cardinal's year-end 2025 non-thermal reserves were evaluated by GLJ Ltd. . The thermal reserves were independently evaluated by McDaniel & Associates Consultants Ltd. . The 2025 financial information in this news release is unaudited and accordingly, such financial information [...]
Cardinal Energy Ltd. confirms that our February dividend of $0.06 per common share will be paid on March 16, 2026 to shareholders of record on February 27, 2026. 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 production company [...]
Cardinal Energy Ltd. is pleased to announce that it has completed its previously announced upsized bought deal offering of common shares with a syndicate of underwriters co-led by RBC Capital Markets and CIBC Capital Markets and including ATB Capital Markets, BMO Capital Markets, Peters & Co. Limited and Raymond James Ltd. . In connection with the Offering, Cardinal issued 12.1 million Common Shares, inclusive of 1.1 [...]
SEDAR+ CALGARY, AB , Jan. 29, 2026 /CNW/ - Cardinal Energy Ltd. is pleased to announce that, as a result of strong demand, it has agreed with the syndicate of underwriters co-led by RBC Capital Markets and CIBC Capital Markets, acting as joint-bookrunners, to increase the size of its previously announced bought deal equity financing from $86.5 million to $95.15 million . The Underwriters have agreed to purchase for resale [...]
SEDAR+ Cardinal Energy Ltd. is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by RBC Capital Markets and CIBC Capital Markets, acting as joint-bookrunners, pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis, 10,000,000 common shares in the capital of the Company at an issue price of $8.65 per Common Share for gross [...]
Cardinal Energy Ltd. wishes to provide an update on its thermal evaluation and development program and the advancement of two future steam-assisted gravity drainage oil development projects - and . These projects build on the success and technical foundation of the Company's Reford 1 SAGD development aligning with Cardinal's strategy to responsibly grow its thermal portfolio in high-quality, long-life reservoirs [...]
Cardinal Energy Ltd. is pleased to announce our 2026 budget. 2026 BUDGET HIGHLIGHTS We are forecasting average annual production of 25,000 to 25,500 boe/d for 2026, which represents 15% growth from average volumes delivered in 2025, with Reford contributing to a full year of operations; Our 2026 capital budget of $75 million will be heavily weighted towards our conventional assets with only minimal investment now required [...]
Cardinal Energy Ltd. confirms that our January dividend of $0.06 per common share will be paid on February 17, 2026 to shareholders of record on January 30, 2026. 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. The Company is also pleased to announce it has exceeded the nameplate capacity at its [...]
Cardinal Energy Ltd. confirms that our December dividend of $0.06 per common share will be paid on January 15, 2026 to shareholders of record on December 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 gas company with [...]
Cardinal Energy Ltd. confirms that our November dividend of $0.06 per common share will be paid on December 15, 2025 to shareholders of record on November 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. Production from the Reford Central Production Facility has averaged approximately 4,000 [...]