Jan 15 (Reuters) - Cardinal Energy Ltd (Alberta) CJ.TO :
* CARDINAL ANNOUNCES ITS 2021 OPERATING AND CAPITAL BUDGET FOCUSED ON CONTINUED DEBT REDUCTION AND ASSET OPTIMIZATION
* CARDINAL ENERGY LTD - 2021 BUDGET IS EXPECTED TO PRODUCE ADJUSTED FUNDS FLOW OF APPROXIMATELY $70 TO $75 MILLION
* CARDINAL ENERGY LTD - 2021 BUDGET RESULTS IN ADJUSTED FUNDS FLOW NET OF CAPITAL EXPENDITURES AND ARO EXPENDITURES OF APPROXIMATELY $40 TO $45 MILLION
* CARDINAL ENERGY LTD - HAS ALLOCATED APPROXIMATELY $5 MILLION OF ITS 2021 BUDGET FOR ARO EXPENDITURES