Cardinal Energy Ltd. Announces Asset Acquisition #ASSETACQUISITION #Acquisition #CJ.CA #ENERGY #Investing #LOWDECLINE #Oil #OilAndGas #TSX

Calgary, Alberta--(Newsfile Corp. - October 3, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce it has completed an asset acquisition within its core operating areas for a purchase price of approximately $25.0 million. Based upon internal estimates effective July 1, 2023, the properties add an estimated 2.0 million barrels of proved developed producing ("PDP") reserves and are also expected to contribute approximately 900 boe/d of production beginning...


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