Cardinal Energy Ltd. (CJ.TO) Wednesday announced that it has completed its previously announced acquisition in the Wainwright area of Alberta.
The acquired assets are 99.4 percent operated, include a high working interest in the associated facilities and are consistent with the firm's strategy of building a solid low decline production base.
Wainwright is a new core area for Cardinal and the assets acquired immediately offset Cardinal's current producing properties in Wainwright.
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