Cardinal Energy (TSE:CJ) has released an update.
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Cardinal Energy Ltd. reported a year of growth with a 4% production increase in Q4, significant capital investments in drilling and acquisitions, and a strong focus on shareholder returns with over $118 million in dividends and share purchases. The company also advanced its thermal project in Saskatchewan, which is expected to yield 6,000 barrels per day upon completion in Q4 2025. Additionally, Cardinal achieved lower net operating and G&A costs, and successfully replaced its reserves, ensuring a sustainable future.
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