Cardinal Energy Ltd. Announces Monthly Dividend for January, Reford Reaches Nameplate Earlier than Expected

分组1 - Cardinal Energy Ltd. has declared a January dividend of $0.06 per common share, payable on February 17, 2026, to shareholders of record on January 30, 2026, designated as an "eligible dividend" for Canadian income tax purposes [1] - The company has exceeded the nameplate capacity of 6,000 bbl/d at its Reford SAGD project, forecasting production volumes of 6,500 bbl/d in Q1 2026, two months ahead of schedule [2] - In response to volatile crude oil prices, Cardinal will defer its 2026 guidance and operate on a net debt neutral basis, focusing on servicing the dividend and prioritizing drilling and maintenance activities [3] 分组2 - Cardinal anticipates that the Reford production volumes will increase total corporate production to record levels in Q1 2026, allowing for potential increased activity if oil prices strengthen above US$60/bbl WTI [3] - The company plans to provide formal guidance once there is more clarity on crude oil price trends in 2026 [4] - Cardinal Energy Ltd. is focused on low decline sustainable oil production in Western Canada, with a portfolio that includes both conventional and SAGD projects [9]