Business
Cardinal Energy Ltd. Announces Monthly Dividend for November, Production Update at Reford
Calgary, Alberta--(Newsfile Corp. - November 10, 2025) - Cardinal Energy Ltd. (TSX: CJ) (" Cardin...
About this update from Cardinal Energy Ltd.
[{"type":"text","content":"Cardinal Energy Ltd. Announces Monthly Dividend for November, Production Update at RefordCalgary, Alberta--(Newsfile Corp. - November 10, 2025) - Cardinal Energy Ltd. (TSX: CJ) (\"Cardinal\" or the \"Company\") confirms that our November dividend of $0.06 per common share will be paid on December 15, 2025 to shareholders of record on November 28, 2025. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an \"eligible dividend\" for Canadian income tax purposes.Production from the Reford Central Production Facility has averaged approximately 4,000 bbl/d of heavy oil over the past week, which is well ahead of forecasted volumes during this initial production phase ramp-up. While we are encouraged by the strong performance at this early stage, we continue to apply disciplined reservoir management to maximize value and long-term recovery.Note Regarding Forward-Looking Statements This press release contains forward-looking statements and forward-looking information (collectively \"forward looking information\") within the meaning of applicable securities laws relating to the Company's thermal project in its Reford, Saskatchewan operating area including: forecasted production levels and plans to apply disciplined reservoir management at Reford resulting in maximized value creation and long-term recoveries. This forward-looking information is based on certain key expectations and assumptions of Cardinal concerning among other things, future well production rates and reserve volumes, the success of development activities and future operational and financial performance at Reford. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Cardinal's control. Such risks and uncertainties include, without limitation: the imprecision of reserve estimates and liabilities, and other risks and hazards inherent in oil and natural gas operations.Management has included the forward-looking information in this press release in order to provide readers with a more complete perspective on Cardinal's future operations and such information may not be appropriate for other purposes. Cardinal's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, acc...