Brief: Cardinal Energy Says Production Is Expected To Average 21,000 To 21,500 Boe/D For 2018

Cardinal Energy (Alberta)

12/12/2017 13:31

Dec 12 (Reuters) - Cardinal Energy Ltd  CJ.TO : 
    * CARDINAL ENERGY - PRODUCTION IS EXPECTED TO AVERAGE 21,000 
TO 
21,500 BOE/D FOR 2018 
    * CARDINAL ENERGY LTD - PRODUCTION GROWTH IS EXPECTED TO 
OCCUR IN 
Q4 OF 2018 
    * CARDINAL ENERGY LTD - 2018 CAPITAL BUDGET IS EXPECTED TO 
PRODUCE 
PRE-HEDGING ADJUSTED FUNDS FLOW OF $132 MILLION 
    * CARDINAL ENERGY LTD - AFTER ACCOUNTING CO'S CURRENT 
COMMODITY 
HEDGING EXPOSURE, ADJUSTED FUNDS FLOW IS EXPECTED TO BE ABOUT 
$125 MILLION IN 2018 
    * CARDINAL ENERGY - ALL ACQUISITIONS DONE IN 2018 TO BE 
FUNDED 
WITH EXCESS OPERATING ADJUSTED FUNDS FLOW, CO WILL NOT INCUR 
ADDITIONAL DEBT FOR ACQUISITIONS 
    * CARDINAL ENERGY LTD - PRODUCT MIX (87% OIL/13% NATURAL 
GAS) IS 
EXPECTED TO BE 50/50 LIGHT OIL VERSUS MEDIUM OIL AT YEAR END 
2018 
    * CARDINAL ENERGY LTD - EXPECTS TO FINALIZE ADDITIONAL 
ROYALTY AND 
FEE TITLE ASSET SALES IN Q1 2018 
    * CARDINAL ENERGY LTD - EXPECTS TO FINALIZE ADDITIONAL 
ROYALTY 
AND FEE TITLE ASSET SALES IN Q1 2018 
 
Source text for Eikon:  ID:nGNXOJWZOa  
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