March 13 (Reuters) - Cardinal Energy Ltd CJ.TO
* Cardinal energy ltd. Announces reserves and fourth quarter and 2016 year-end results
* Cardinal energy- set to benefit from rebound in commodity prices with increased spending for 2017
* Qtrly basic and diluted per share $0.22
* Cardinal energy- expects 2017 average annual production increase between 15% and 18% over 2016
* Qtrly petroleum and natural gas revenue $43670 versus $34130 Source text for Eikon: ID:nCCNb5fszl Further company coverage: CJ.TO