Last C$0.20 CAD
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As of 3:59 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

cardiff energy corp (CRS) Snapshot

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09/17/14 - C$0.29
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10/22/13 - C$0.02
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cardiff energy corp (CRS) Details

Cardiff Energy Corp. engages in the acquisition, exploration, development, and production of oil and gas reserves in the United States and Canada. The company holds interests in 15 producing oil wells, 1 producing gas well, and 3 shut-in oil wells in the Lincoln County area of central Oklahoma; and 7 producing oil and gas wells in the Garvin County area of southern Oklahoma. It also holds interest in the Buzzard Sand project located in the Osage County of the state of Oklahoma. Cardiff Energy Corp. was founded in 2010 and is headquartered in North Vancouver, Canada.

Founded in 2010

cardiff energy corp (CRS) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$42.0K
President, Chief Financial Officer and Direct...
Total Annual Compensation: C$11.8K
Compensation as of Fiscal Year 2013.

cardiff energy corp (CRS) Key Developments

Cardiff Energy Corp. Progresses Towards Completion of the Bearcat #4 Well

Cardiff Energy Corp. announced the progress of the Bearcat #4 well in Ballinger, Texas. Martin Energy, the operator of the Bearcat #4 well reports that it has successfully completed the acid frac on the Gardiner Limestone formation. Martin Energy also reports the frac consisted of 130 barrels of acid followed by 260 barrels of 2% KCL water penetrating the formation at 2,000 pounds pressure at a rate of 5 ½ barrels per minute. The 5 minute shut in pressure was 1,200 pounds, and the 15 minute shut in was 850 pounds. Frac fluid flowed back for approximately 2 hours prior to swabbing. Flow back during swabbing maintained fluid levels at about 800 feet from surface, returning approximately 80 barrels of fluid from flowing and swabbing. Strong gas kicks were encountered during swabbing and flow action was at a rate of 180 barrels per day. Martin Energy, the operator has ordered an electric meter and has made provisions to install a pump jack to recover the rest of the acid frac fluid and put the well online. There are two additional formations present in the well, the Palo Pinto Lime and the Jennings Sand. Both of these formations are prevalent and productive in the area and will be tested in the Bearcat #4 in the future. Cardiff holds a 60% working interest in the Bearcat #4.

Cardiff Energy Corp. Announces Completion of the Bearcat #4 Well

Cardiff Energy Corp. through its wholly owned subsidiary, Cardiff Energy (USA) Inc. with its Joint Venture Partner, Martin Energy LLC, announced the drilling progress of the Bearcat #4 well in Ballinger, Texas. The well reached total depth on September 16, 2014. The logs indicate hydrocarbon presence in the following formations; Palo Pinto Limestone, Jennings Sand, and Gardiner Limestone. Production testing of the Gardiner Lime, the primary zone, will be completed and results announced within the next two weeks. In addition, the Company has entered into a Letter of Intent Agreement with Martin Energy LLC to drill an additional ten wells that will test the Gardiner zone in the immediate proximity of the Bearcat #4. A three well program will be initiated as phase one of the Letter of Intent. This three well program is planned to be completed within the next 120 days.

Cardiff Energy Corp. Announces Management Changes

Cardiff Energy Corp. announced the appointment of Mr. Thomas Bugg to the Board of Directors effective September 15, 2014. Mr. Bugg has been involved in the oil and gas industry for the past 30 years through public and private companies and has significant experience drilling directional, horizontal, deep gas and heavy oil wells in both the United States and Western Canada. Bugg will join the Board of Directors of the Company as an independent director, and will assist with the identification of suitable resource project opportunities and financing for the continued growth of the company. The company also announced the resignation of Gordon Bradford as CFO and a Director and the company. Mr. Bal, the President of the Company will be assuming the position of CFO.


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