09:45 AM EST - Cardinal Energy Ltd. : Announced its operating and financial results for the three months ended June 30. Production for the second quarter increased 74% to 11,294 boe/d compared to the second quarter of 2014. Development capital expenditures totaled $11.3 million and included drilling four wells at Bantry and optimizing wells and facilities to maintain production. The new wells at Bantry had average drilling and completion costs $1.7 million, significantly lower than similar wells drilled in 2014. Cash flow from operations for the second quarter of 2015 increased 27% to $29.9 million compared to the corresponding period in 2014. Cardinal Energy Ltd.
shares T.CJ are trading up $0.18 at $11.88.
