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BRIEF-Cardinal Energy Says Will Temporarily Reduce Monthly Dividend To $0.01/Month ($0.12/Year) Commencing With Dec 2018 Dividend Payable On January 15, 2019

Published 2018-12-06, 06:37 p/m
Updated 2018-12-06, 06:40 p/m
BRIEF-Cardinal Energy Says Will Temporarily Reduce Monthly Dividend To $0.01/Month ($0.12/Year) Commencing With Dec 2018 Dividend Payable On January 15, 2019

BRIEF-Cardinal Energy Says Will Temporarily Reduce Monthly Dividend To $0.01/Month ($0.12/Year) Commencing With Dec 2018 Dividend Payable On January 15, 2019

Dec 6 (Reuters) - Cardinal Energy Ltd CJ.TO :

* CARDINAL ENERGY- WILL TEMPORARILY REDUCE ITS MONTHLY DIVIDEND TO $0.01/MONTH ($0.12/YEAR) COMMENCING WITH DEC 2018 DIVIDEND PAYABLE ON JANUARY 15, 2019

* CARDINAL ENERGY LTD - JANUARY PRODUCTION IS CURRENTLY FORECASTED TO AVERAGE APPROXIMATELY 20,100 TO 20,400 BOE/D

* CARDINAL ENERGY LTD - EXPECT TO BRING BACK MAJORITY OF SHUT IN PRODUCTION IN JANUARY 2019

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