Cardinal Energy Ltd (Alberta)

OTC Pink - Current Information:CRLFFUnited StatesView on Canadian Exchange

Nov 7, 2024

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• Cardinal Energy Ltd. Announces Third Quarter 2024 Operating and Financial Results, from 7:25PM ET on Thursday Nov 07, 2024 by Newsfile

  7:25PM ET on Thursday Nov 07, 2024 by Newsfile
  Companies Mentioned: CRLFF

  Calgary, Alberta--(Newsfile Corp. - November 7, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the third quarter ended September 30, 2024.

• Cardinal Energy Ltd. Announces Third Quarter 2024 Operating and Financial Results, from 7:25PM ET on Thursday Nov 07, 2024 by Dow Jones

  7:25PM ET on Thursday Nov 07, 2024 by Dow Jones
  Companies Mentioned: CJ
  
  Management utilizes adjusted funds flow as a key measure to assess the ability of the Company to generate the funds necessary for financing activities, operating activities, capital expenditures and shareholder returns. As shown below, adjusted funds flow is calculated as funds flow excluding decommissioning expenditures since Cardinal believes the timing of payment or incurrence of these items involves a high degree of discretion and variability. Expenditures on decommissioning obligations vary from period to period depending on the maturity of the Company's operating areas and availability of adjusted funds flow and are viewed as part of the Company's capital budgeting process.