Cardinal Energy Ltd. Announces Monthly Dividend for October

Calgary, Alberta–(Newsfile Corp. – October 11, 2024) – Cardinal Energy Ltd.Cardinal“or the”Enterprise“) confirms that our October dividend of $0.06 per common share will be paid on November 15, 2024 to shareholders of record on October 31, 2024. Cardinal’s Board of Directors has declared the dividend payable in cash. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes.

About Cardinal Energy Ltd.

Cardinal is a Canadian oil and natural gas company with operations focused on low-decline oil in Western Canada. Cardinal differentiates itself from its peers by having the least declining conventional asset base in Western Canada. Cardinal recently announced the commencement of its first SAGD thermal petroleum development project, which will further enhance the Company’s long-term sustainability.

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