*Free cash flow (“FCF”) is calculated as adjusted funds flow less development capital expenditures (based on our Budget at $70 WTI)
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

2025 Conventional Budget and Statistics
Midale, SK
3,300
20% Natural Gas
South Area
5,400
4% Natural Gas
Central Area
5,700
25% Natural Gas
North Area
7,100
