Ann: Tommy Lakes and Montney acreage sold for A$12 million, page-107

Oil stocks doing well currently and into the near future it seems. Calima would have been riding the wave had it not been for the dismal sale of the Montney assets, which has left a bitter taste in holder's mouths.
It takes a bit of effort to look past all that, but based on existing assets, current and expected production levels, and the real prospect of a takeover/sale I am comfortable with my decision to buy in at these prices.

I get that there are questions being thrown at the competency level of management, and that is where the risk is, but at least they are throwing there own money in..which says something...not sure what.