CALGARY, ALBERTA–(Marketwired – Oct. 1, 2014) – Cardinal Energy Ltd. (“Cardinal”) (TSX:CJ) is pleased to announce that it has completed its previously announced acquisition in the Wainwright area of Alberta. The acquired assets are 99.4% operated, include a high working interest in the associated facilities and are consistent with our strategy of building a solid low decline production base. Wainwright is a new core area for Cardinal and the assets acquired immediately offset Cardinal’s current producing properties in Wainwright.
About Cardinal Energy Ltd.
Cardinal is a junior Canadian oil focused company built to provide investors with a stable platform for dividend income and growth. Cardinal’s operations are focused in all season access areas in Alberta.
This press release contains forward-looking statements and forward-looking information (collectively “forward-looking information”) within the meaning of applicable securities laws relating to Cardinal’s business strategy and other aspects of Cardinal’s anticipated future operations and results. This forward-looking information is based on certain key expectations and assumptions made by Cardinal’s management. Additional factors that could affect Cardinal’s operations or financial results are included in reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com).
These forward-looking statements are made as of the date of this press release and Cardinal disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Cardinal Energy Ltd.
M. Scott Ratushny
Chief Executive Officer and Chairman
(403) 216-2706
Cardinal Energy Ltd.
Douglas Smith
Chief Financial Officer
(403) 216-2709
Cardinal Energy Ltd.
Suite 1400, 440 – 2nd Avenue S.W.
Calgary, Alberta T2P 5E9
(403) 234-8681
(403) 234-0603 (FAX)
info@cardinalenergy.ca