Cardinal Energy Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net income was CAD 57.24 million compared to net loss of CAD 25.96 million a year ago. Basic earnings per share from continuing operations was CAD 0.38 compared to basic loss per share from continuing operations of CAD 0.2 a year ago. Diluted earnings per share from continuing operations was CAD 0.35 compared to diluted loss per share from continuing operations of CAD 0.2 a year ago.