The drilling confirmed three pay zones, including the Frye, the Tannehill and the Hope zones, with amounts of oil.
The well is the first of a 14 well program, which includes Cardinal’s plan to implement waterflood project on the Bradford A and Bradford B leases, which was previously announced.
Cardinal CEO Timothy Crawford said: "We are excited about the drilling results with this first well as it has exceeded our initial expectations.
"We have discovered three pay zones during the course of drilling. We had good oil shows in the Frye, the Tannehill and the Hope sands.
"I am proud to say that although this is our first drilling program in this area, the execution on the first well was great: the well was drilled on time and on budget. We spudded the well on Monday and finished drilling and casing it on Wednesday."
