M. Scott Ratushny, CEO and Director, acquired 40,000 Common Shares on a direct ownership basis at a price of $3.160 through an exercise of warrants on June 9th, 2022. This represents a $126,400 investment into the company's shares and an account share holdings change of 1.8%.
Cardinal Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.
Cardinal Energy Ltd. is a Canada-based oil and gas company. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include Midale, South area, Central area and North area. Its 77% operated Midale area is located near Weyburn Saskatchewan. It has over 730 million original oil in place (OOIP) and its low decline production of 3,100 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South producing area is located in southern Alberta and produces medium quality oil and includes Duchess, Alderson, Bantry, Tide Lake and Jenner properties. Central producing area is located in East Central Alberta, and includes Viking Kinsella, Killam, Forestburg, Wainwright, Chauvin and Hayter properties. Its North area includes Grande Prairie, House Mountain, Mica and Mitsue properties.
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