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Cardinal Energy Ltd.

ISIN: CA14150G4007

WKN: A1W950

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Cardinal Energy · ISIN: CA14150G4007 · Newsfile Corp. (ID: 172980)

11 July 2023 12:00AM

Cardinal Energy Ltd. Announces Monthly Dividend for July

Calgary, Alberta--(Newsfile Corp. - July 10, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our July dividend of $0.06 per common share will be paid on August 15, 2023 to shareholders of record on July 31, 2023. The Board of Directors of Cardinal 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 works to continually improve its Environmental, Social and Governance profile and operates its assets in a responsible and environmentally sensitive manner. As part of this mandate, Cardinal injects and conserves more carbon than it directly emits making us one of the few Canadian energy companies to have a negative carbon footprint.

Cardinal is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada.

For further information:

M. Scott Ratushny, CEO or Shawn Van Spankeren, CFO or Laurence Broos, VP Finance
Email: info@cardinalenergy.ca
Phone: (403) 234-8681

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/172980

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Cardinal Energy Ltd (Alberta)

This publication was provided by our content partner Newsfile Corp.

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15 Toronto St., Suite 602, Toronto, Ontario M5C 2E3, CA

+416-806-1750

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Cardinal Energy Ltd. Announces Monthly Dividend for July

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