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0.9¢ calima energy limited

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trousergecko

4,823 Posts.

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02/05/22

14:17

Post #: 61148147
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Originally posted by invertedva: ↑

Hey Trouser,
Out of interest, how long have you held Calima?
Just asking, because we are 90% developed (at least initially) in the sense we only need ~$20 million to connect the first two wells to the pipeline, and then once it's generating strong cash flows, the rest will be much easier to develop.
My simple point is that the risks involved are far less than undrilled land and the costs much less than one might assume that developing virgin land. WE also have the ga processing plant in place.
Also, I think the company agreed with your logic, but the offers weren't 'fair value', so they decided not to hold.
We are no longer a cash-constrained penny dreadful, so no need to sell company assets at steep discounts anymore. I think everyone is keen for a divvie or a buy-back, but bringing Montney to market via FCF in the next year or two is also a very real options.
Respect your opinion, just putting the counterargument.

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So long... I have forgotten when I bought (+5 Years). Don't want too look at the date... better off not knowing

Last edited by trousergecko: 02/05/22

CE1 Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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