*Free cash flow (“FCF”) is calculated as adjusted funds flow less development capital expenditures (based on our Budget at $80 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

2023 Budget and Statistics
Midale, SK
3,250
20% Natural Gas
South Area
6,400
4% Natural Gas
Central Area
5,750
25% Natural Gas
North Area
6,600
