Cardinal Energy Shifts Focus to Thermal Production in Saskatchewan

Cardinal Energy (TSX:CJ) is an oil and natural gas company operating in Western Canada, with a presence in Alberta, Saskatchewan, and British Columbia. The company's conventional assets are concentrated in these regions, with established properties in the North Area, Central Area, Midale, South Area, and Reford.

The Reford thermal development has become an important part of Cardinal Energy's operating profile, alongside its conventional assets. This includes the use of steam-assisted gravity drainage (SAGD) technology to produce heavy oil from the Waseca formation in Saskatchewan. The company operates a total of 11.98 CAD.

The company's asset base is primarily focused on oil production, with natural gas and natural gas liquids as secondary products. Operations include conventional drilling, waterflood, enhanced oil recovery, and SAGD methods. Cardinal Energy maintains reserves across both conventional and thermal properties, with a shift towards thermal heavy-oil development.

The company's position within the TSX Smallcap Index provides context for its smaller-capitalization energy business. Operating activity remains centered on Western Canadian production, reservoir recovery programs, and thermal development.