Brief: Cardinal Energy Reports Quarterly Loss Per Share Of $0.13

Cardinal Energy (Alberta)

17/03/2020 22:06

March 17 (Reuters) - Cardinal Energy Ltd (Alberta)  CJ.TO :
    * CARDINAL ENERGY LTD. ANNOUNCES FOURTH QUARTER 2019
YEAR-END
FINANCIAL RESULTS AND UPDATED CAPITAL BUDGET AND DIVIDEND
SUSPENSION
    * CARDINAL ENERGY LTD (ALBERTA) - PRODUCTION FOR Q4 2019
AVERAGED
20,227 BOE/D WITH CRUDE OIL PRODUCTION INCREASING BY 1% OVER Q3
2019
    * CARDINAL ENERGY LTD (ALBERTA) - REVISED 2020 CAPITAL
BUDGET IS
NOW $31 MILLION, OF WHICH $22 MILLION HAS BEEN SPENT
    * CARDINAL ENERGY LTD (ALBERTA) - ELECTED TO SUSPEND
DIVIDEND FOR
MARCH, APRIL, MAY AND JUNE
    * CARDINAL ENERGY LTD (ALBERTA) QTRLY LOSS PER SHARE $0.13
    * CARDINAL ENERGY LTD (ALBERTA) - QTRLY PETROLEUM AND
NATURAL GAS
REVENUE $93.3 MILLION VERSUS $59.1 MILLION

Source text for Eikon:  ID:nGNX3KmQBQ 
Further company coverage:  CJ.TO 

 ((Reuters.Briefs@thomsonreuters.com;))