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CALGARY, Alberta, May 12, 2023 (GLOBE NEWSWIRE) -- (TSX - CJ) Cardinal Energy Ltd. (" Cardinal " or the " Company ") held its annual shareholders meeting (the " Meeting ") today. A total of 52,335,561 votes representing 33.07% of the total votes entitled to vote at the Meeting, were voted in connection with the matters considered at the Meeting. Full results for all resolutions are set forth below. 1. Fixing number of Directors By ordinary resolution passed via ballot, the number of directors to...

CALGARY, Alberta, May 11, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operatin g and financial results for the first quarter ended March 31, 2023. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE FIRST QUARTER OF 2023 Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling results across our asset base; Adjusted funds flow (1) was $52.3 million which was allocated to...

CALGARY, Alberta, May 08, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our May dividend of $0.06 per common share will be paid on June 15, 2023 to shareholders of record on May 31, 2023. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its...

CALGARY, Alberta, April 06, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our April dividend of $0.06 per common share will be paid on May 15, 2023 to shareholders of record on April 28, 2023. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its...

CALGARY, Alberta, March 16, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our March dividend of $0.06 per common share will be paid on April 14, 2023 to shareholders of record on March 31, 2023. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its...

CALGARY, Alberta, March 13, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2022. HIGHLIGHTS FROM THE FOURTH QUARTER AND FULL YEAR OF 2022 Reduced net debt (1) by $115.5 million in 2022, a 65% reduction over year-end 2021 which reduces corporate risk and increases Cardinal's sustainability; Reinstated our monthly dividend in 2022 and subsequently...

CALGARY, Alberta, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) is pleased to present the results of its independent reserve report effective December 31, 2022. One hundred percent of Cardinal's year-end 2022 reserves were evaluated by independent reserves evaluator GLJ Ltd. ("GLJ") with an effective date of December 31, 2022 (the "2022 Reserve Report"). The 2022 financial information in this news release is unaudited and accordingly, such...

CALGARY, Alberta, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our February dividend of $0.06 per common share will be paid on March 15, 2023 to shareholders of record on February 28, 2023. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its...

CALGARY, Alberta, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our January dividend of $0.06 per common share will be paid on February 15, 2023 to shareholders of record on January 31, 2023. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its...

CALGARY, Alberta, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our December dividend of $0.06 per common share will be paid on January 16, 2023 to shareholders of record on December 30, 2022. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its...

CALGARY, Alberta, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our November dividend of $0.06 per common share will be paid on December 15, 2022 to shareholders of record on November 30, 2022. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve...

CALGARY, Alberta, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) is pleased to announce its operating and financial results for the third quarter ended September 30, 2022 and its 2023 budget. Selected financial and operating information is shown below and should be read in conjunction with Cardinal's unaudited condensed interim financial statements and related Management's Discussion and Analysis for the three and nine month periods ended...

CALGARY, Alberta, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ), is proud to announce that we have been included in the Toronto Stock Exchange's 2022 TSX30 TM , a flagship program recognizing the 30 top performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation. For the three years ended June 30, 2022, Cardinal's share price increased by 222%. "I am extremely proud that Cardinal has been recognized as a...

CALGARY, Alberta, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our September dividend of $0.05 per common share will be paid on October 17, 2022 to shareholders of record on September 30, 2022. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. Cardinal expects to achieve Phase Three of our debt reduction /...

CALGARY, Alberta, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our August dividend of $0.05 per common share will be paid on September 15, 2022 to shareholders of record on August 31, 2022. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its...

CALGARY, Alberta, July 28, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) announces its record operating and financial results for the second quarter ended June 30, 2022. Selected financial and operating information is shown below and should be read in conjunction with Cardinal's unaudited condensed interim financial statements and related Management's Discussion and Analysis for the three and six month periods ended June 30, 2022 which are available at...

CALGARY, Alberta, July 11, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our July dividend of $0.05 per common share will be paid on August 15, 2022 to shareholders of record on July 29, 2022. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its...

CALGARY, Alberta, June 27, 2022 (GLOBE NEWSWIRE) -- (TSX - CJ) Cardinal Energy Ltd. (" Cardinal " or the " Company ") is pleased to announce that the Toronto Stock Exchange (the " TSX ") has accepted the notice of Cardinal's intention to commence a normal course issuer bid (the " NCIB "). The NCIB allows the Company to purchase up to 12,319,686 common shares (" Common Shares ") (representing approximately 10% of its public float as of June 20, 2022) over a period of twelve months commencing on...

CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) is pleased to announce that holders of all outstanding warrants to acquire common shares of the Company (" Common Shares ) have exercised such warrants, resulting in aggregate proceeds to Cardinal of approximately $12.4 million. The proceeds were used to reduce Cardinal's outstanding debt further supporting the Company's net debt reduction strategy. There are no remaining warrants...

CALGARY, Alberta, June 10, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our dividend of $0.05 per common share will be paid on July 15, 2022 to shareholders of record on June 30, 2022. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its Environmental,...