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Cardinal Energy Ltd.

11:02 AM EST - Cardinal Energy Ltd. : Provides an update on its thermal evaluation and development program and the advancement of two future steam-assisted gravity drainage oil development projects – and "Kelfield". These projects build on the success and technical foundation of the Company's Reford 1 SAGD development aligning with Cardinal's strategy to responsibly grow its thermal portfolio in high-quality, long-life reservoirs. Cardinal Energy Ltd. shares T.CJ are trading unchanged at $90.04.