Feb 28 (Reuters) - Cardinal Energy Ltd CJ.TO :
* CARDINAL ENERGY LTD - 2019 BUDGET INCLUDES OPERATING COST REDUCTION INITIATIVES TARGETING AN 8% REDUCTION IN OPERATING COSTS WITHIN 2019
* CARDINAL ENERGY LTD - 2019 BUDGET FORECASTING DEBT REPAYMENT OF 10% TO 15% OF TOTAL DEBT BY YEAR-END
* CARDINAL ENERGY-LOW CORPORATE DECLINE RATE IN 2019 BUDGET ALLOWS CONSERVATIVE CAPITAL PROGRAM TO KEEP PRODUCTION LEVELS NOW CURTAILED BY ALBERTA GOVERNMENT
* CARDINAL ENERGY LTD - DIVIDEND LEVEL TO BE RE-EVALUATED IN APRIL 2019
* CARDINAL ENERGY LTD - CONFIRMS THAT IN 2019, IT HAS PURCHASED AND CANCELLED MAXIMUM ALLOWABLE OF 10% OF OUTSTANDING BALANCE OF DEBENTURES
* CARDINAL ENERGY LTD - 2019 BASE BUDGET IS EXPECTED TO PRODUCE ADJUSTED FUNDS FLOW OF APPROXIMATELY $90 TO $100 MILLION
* CARDINAL ENERGY - FORECASTING TO REDUCE OPERATING COSTS/BOE THROUGHOUT 2019 BY ABOUT 8% COMPARING Q1 TO Q4 2019 ESTIMATED OPERATING EXPENSES