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CALIMA ENERGY LIMITED - Corporate Spotlight

Calima is a free cash flow and growth focussed Canadian Oil and Gas Producer and... Calima is a free cash flow and growth focussed Canadian Oil and Gas Producer and Explorer. Calima completed a transformational merger with Blackspur Oil during 2021 and successfully transformed into a high margin oil and gas producer leveraged to WTI pricing plus exposure to rising natural gas prices via its strategic holdings in the Montney Formation.More

Corporate Spotlight

Calima is a free cash flow and growth focussed Canadian Oil and Gas Producer and Explorer. Calima completed a transformational merger with Blackspur Oil during 2021 and successfully transformed into a high margin oil and gas producer leveraged to WTI pricing.
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CE1 GEMINI #5 WELL REACHES TOTAL DEPTH

CE1 EXTENDS BROOKS DRILLING CAMPAIGN

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Calima Energy (ASX:CE1) extends Brooks drilling campaign


ASX:CE1
Calima Energy ASX CE1 - Thorsby-Alberta
Thorsby
Source: Calima Energy

  • Calima Energy (CE1) adds two more conventional horizontal wells targeting the Sunburst Formation within the Brooks area in Canada
  • The two wells, Gemini #6 and Gemini #7, have been added due to the favourable commodity prices and the short payback period
  • Both wells are classified as appraisal wells, as they will be drilled into existing Sunburst oil pools
  • These new Gemini wells are anticipated to be production tested in the first quarter of 2022

    Read the Full Article on The Market Herald here

CE1 GEMINI #5 WELL REACHES TOTAL DEPTH

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Calima Energy’s (ASX:CE1) Gemini #5 well reaches total depth


ASX:CE1
Calima Energy ASX CE1 - Thorsby-Alberta
Thorsby
Source: Calima Energy

  • Calima Energy’s (CE1) Gemini #5 sunburst well reaches total depth and the rig has been released at its Brooks project in Canada
  • The company says the purpose of this well was to prove the presence of sunburst formation and aid in the geological model of the company’s prospective acreage
  • Potential production rates from this vertical are unknown, but the company believes the well is unlikely to require fracture stimulation to produce oil
  • The company also says should a production test be successful and if sufficient oil and gas rates are realised the well will be tied into its nearby 2-29 oil processing facility

    Read the Full Article on The Market Herald here

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Calima Energy’s (ASX:CE1) Gemini #5 well reaches total depth


ABOUT US

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Calima is a free cash flow and growth focussed Canadian Oil and Gas Producer and Explorer. Calima completed a transformational merger with Blackspur Oil during 2021 and successfully transformed into a high margin oil and gas producer leveraged to WTI pricing plus exposure to rising natural gas prices via its strategic holdings in the Montney Formation. 


Calima is a returns-focused growth producer with top tier assets, positive cash flow and a strong focus on ESG. Calima’s assets in Alberta (Brooks and Thorsby) are a de-risked asset base with existing wells and booked reserves with extensive 3D seismic.

The Brooks and Thorsby assets are low-cost, cash flowing assets with long-term upside. Calima plans to continue development drilling on these assets to further increase production. Calima has planned by Year End 2022, that the Brooks and Thorsby assets will grow production to 5,500 boe/d. Calima’s strategy involves executing strategic acquisitions of adjoining tenements to further increase production.


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