Cardinal Energy Ltd. Announces Monthly Dividend for November, Production Update at Reford

Core Points - Cardinal Energy Ltd. has announced a monthly dividend of $0.06 per common share, payable on December 15, 2025, to shareholders of record on November 28, 2025 [1] - The production from the Reford Central Production Facility has averaged approximately 4,000 bbl/d of heavy oil, exceeding initial forecasts during the ramp-up phase [2] - The company emphasizes disciplined reservoir management to maximize value and long-term recovery from its thermal project in Reford, Saskatchewan [2][6] Dividend Information - The November dividend of $0.06 per common share is designated as an "eligible dividend" for Canadian income tax purposes [1] - The dividend payment reflects the company's commitment to returning value to shareholders [1] Production Update - Initial production rates from the Reford facility are encouraging, with an average of 4,000 bbl/d, indicating strong early performance [2] - The company is focused on sustainable oil production with low decline rates in Western Canada [6] Company Overview - Cardinal Energy Ltd. operates in the oil and natural gas sector, with a focus on low decline sustainable oil production [6] - The company has completed its first thermal project in Reford and has transitioned to the production phase [6]