VeryBeta
$CRLFF Cardinal Energy Ltd. Proceeding with Reford 2 Expansion and Announces Monthly Dividend for September
Newsfile Corp · Sep-14-2026 5:01 PM ET
Calgary, Alberta--(Newsfile Corp. - September 14, 2026) - Cardinal Energy Ltd. (CRLFF.NaE) ("Cardinal" or the "Company") is pleased to announce that it is advancing the expansion of its Reford 2 SAGD project that will increase nameplate capacity to 6,000 bbl/d.
EXPANDING REFORD 2 SAGD PROJECT TO 6,000 BBL/D
With a favorable crude oil price environment meaningfully outpacing our 2026 budget forecast, Cardinal is excited to announce that it will be proceeding with the expansion of the Reford 2 SAGD project. The expansion will now target elevated nameplate volumes of 6,000 bbl/d, increased from the original plan of 4,250 bbl/d.