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BRIEF-Cardinal Energy expects 2017 average annual production increase between 15-18 pct over 2016

March 13 Cardinal Energy Ltd

* Cardinal energy ltd. Announces reserves and fourth quarter and 2016 year-end results

* Cardinal energy- set to benefit from rebound in commodity prices with increased spending for 2017

* Qtrly basic and diluted per share $0.22

* Cardinal energy- expects 2017 average annual production increase between 15% and 18% over 2016

* Qtrly petroleum and natural gas revenue $43670 versus $34130 Source text for Eikon: Further company coverage:

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