Operations Overview

Cardinal is a low decline, oil focused company that produces in four core areas in Western Canada. We have a balanced portfolio, deep development drilling inventory and defined ESG focus.

Operating Areas

2020 Budget and Statistics

NOI

($155-$165MM)
25%
26%
25%
24%

Capex

($60-$65MM)
21%
19%
39%
22%

P FCF*

($40-$45MM)
28%
30%
16%
26%

Production

(20.1-21.5 mboe/d)
24%
32%
29%
16%

Drilling

(wells)
15%
10%
55%
20%

Drilling Inventory

(# potential locations)
136
87
92
200

*P FCF (Property Free Cash Flow) = Net Operating Income Less Capital Expenditures

100% Light Oil

Midale, SK

3,300

BOE Per Day
80% Medium Oil,
20% Natural Gas

South Area

6,000

BOE Per Day
96% Medium Oil,
4% Natural Gas

Central Area

4,900

BOE Per Day
75% Light Oil & NGLs,
25% Natural Gas

North Area

7,000

BOE Per Day