CE1 0.00% 0.9¢ calima energy limited

Ann: Suspension from Official Quotation, page-20

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  1. 8,069 Posts.
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    "The company acquired the Tommy Lakes project, which includes 11 gas production wells, in February last year. The facilities lie just 20 kilometres to the north of its flagship liquids-rich landholdings.
    Tommy Lakes is of particularly strategic value to Calima as it is the closest and most cost-effective tie-in point to major processing facilities and regional pipeline networks from the Calima ground.
    Improving crude oil prices in the USA and Canada also offer some hope of a general petroleum industry upswing"

    Right, we already own these wells, so what is the major acquisition?
 
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