Ratushny and Brussa buying at Cardinal Energy (CJ)

Ratushny and Brussa buying at Cardinal Energy (T:CJ)

M. Scott Ratushny, CEO and Director, acquired 40,100 Common Shares on an indirect ownership basis for registered holder M. Scott Ratushny RSP and 5,000 Common Shares on an indirect ownership basis for registered holder M. Scott Ratushny TFSA at prices ranging from $1.950 to $2.400 between December 13th and 19th, 2018. This represents a $102,490 investment into the company's shares and an account share holdings change of 23.7%.

In addition, John Albert Brussa, a Director, acquired 45,650 Common Shares on a direct ownership basis at prices ranging from $2.010 to $2.270 between December 14th and 18th, 2018. This represents a $92,965 investment into the company's shares and an account share holdings change of 3.8%.

Cardinal Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta. The Wainwright properties (including the Hayter asset) produce approximately 4,500 barrels of oil equivalent per day (Boe/d) of predominantly heavy crude oil and associated natural gas. Its Bantry property is located near the City of Brooks, Alberta. It produces medium crude oil, natural gas and natural gas liquids (NGLs). The Company produces approximately 4,400 boe/d at Bantry property. Its Slave Lake (Mitsue) property is located approximately 280 kilometers north of Edmonton, Alberta. The property produces approximately 3,600 boe/d (light crude oil and NGLs). Its Chauvin property is located approximately 70 kilometers east of Wainwright, Alberta.