![]() Netback after risk management contracts (1)Ĭommodity prices continued to increase through the third quarter of 2021 providing Cardinal with significantly increased adjusted funds flow of $37.6 million, a 48% increase over the second quarter of 2021. Realized gain (loss) on commodity contracts Net debt to adjusted funds flow ratio (1) ![]() ($000’s except shares, per share and operating amounts)Ĭommon shares, net of treasury shares (000s) The following table summarizes our third quarter 2021 operating and financial highlights: Closed the corporate acquisition of Venturion adding approximately 2,400 boe/d of low decline production (83% oil).Continued with our disciplined capital program spending $17.5 million of capital expenditures which included the drilling of five (4.0 net) wells.Reduced net bank debt (1) to $187.5 million despite incurring approximately $15.3 million of additional net bank debt on the acquisition of Venturion Oil Limited (“Venturion”). ![]() CARDINAL CHAINS LEVEL 94 FREE
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