*Free cash flow (“FCF”) is calculated as adjusted funds flow less development capital expenditures (based on our Budget at $79 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
2024 Budget and Statistics
100% Light Oil
Midale, SK
3,250
BOE Per Day
80% Medium/Heavy Oil,
20% Natural Gas
20% Natural Gas
South Area
5,900
BOE Per Day
96% Medium/Heavy Oil,
4% Natural Gas
4% Natural Gas
Central Area
6,000
BOE Per Day
75% Light Oil & NGLs,
25% Natural Gas
25% Natural Gas
North Area
7,200
BOE Per Day
Net Daily Production
