Brief: Cardinal Announces Its 2021 Operating And Capital Budget Focused On Continued Debt Reduction And Asset Optimization

Cardinal Energy (Alberta)

15/01/2021 22:44

Jan 15 (Reuters) - Cardinal Energy Ltd (Alberta)  CJ.TO :
    * CARDINAL ANNOUNCES ITS 2021 OPERATING AND CAPITAL BUDGET
FOCUSED
ON CONTINUED DEBT REDUCTION AND ASSET OPTIMIZATION
    * CARDINAL ENERGY LTD - 2021 BUDGET IS EXPECTED TO PRODUCE
ADJUSTED FUNDS FLOW OF APPROXIMATELY $70 TO $75 MILLION
    * CARDINAL ENERGY LTD - 2021 BUDGET RESULTS IN ADJUSTED
FUNDS FLOW
NET OF CAPITAL EXPENDITURES AND ARO EXPENDITURES OF
APPROXIMATELY $40 TO $45 MILLION
    * CARDINAL ENERGY LTD - HAS ALLOCATED APPROXIMATELY $5
MILLION OF
ITS 2021 BUDGET FOR ARO EXPENDITURES

Source text for Eikon:  ID:nGNX4tSn0v 
Further company coverage:  CJ.TO 

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