Cardinal Energy Ltd. provided capital expenditure guidance for 2017. The company announced a $100 million capital expenditure budget for 2017 that focuses on balance sheet strength, maintaining a significant and sustainable dividend and development of all of its three core areas. The 2017 capital budget is designed to achieve significant growth in funds flow per share, and maintaining the company's annualized dividend at 42 cents per share. Capital expenditures will be funded by reinvesting cash flow and the consideration for a proposed acquisition.