03:42 PM EST - Cardinal Energy Ltd. : Announced a significant light oil acquisition in the Mitsue area of Alberta. The Acquisition is consistent with Cardinal's strategy of acquiring large operated low decline oil pools that are under water flood. The Acquisition is key to Cardinal's business strategy as an oil focused company built to provide investors with a stable platform for dividend income and growth. Cardinal Energy Ltd.
shares T.CJ are trading up $0.52 at $9.12.
