CALIMA ENERGY - Positive Outlook, page-238

First 238 Last

Share
Profile

Follow
Quest09

833 Posts.

115

22/12/23

09:55

Post #: 71584155
Share
Originally posted by Quest09: ↑

CE1 current market cap is significantly undervalued IMO

CE1 Positive Outlook
~$100 million dollars in annual revenue (~$25 million revenue per quarter, as shown in below screenshot).
~$17.3 million dollars cash held in bank, with zero debt (pre October capital return).
~60% Gross Profit margin (from memory).
28% reduction in capital spend when compared to 2022, whilst maintaining production rates.
Potential second capital return to occur in January 2022 (just weeks away).
Recent increase in CE1 oil & gas production rates to over 4100 BOE per day as a result of recent successful drilling campaign.
Pisces12 well still yet to be brought online from recent drilling campaign. Market awaiting new and increased production rates after Pisces12 well is brought online.
Announcement confirming the completion of recent upgrades to oil & gas transport and storage infrastructure is also due (upgrades will further increase production capacity).
A new drilling campaign commencing next year (2024) to further increase production rates has been announced (market announcement of detailed drilling plan is due any moment).
Potential $80 million dollar sale of Brooks or Thorsby oil & gas assets could be announced at any moment (as indicated in below screenshot).

Announcement Showing Current and Future Quarterly Revenue

Announcement Showing Potential Sale of Brooks or Thorsby Oil & Gas Assets

Expand

Someone is looking for a bargain.

Could this could be our "takeover buyer"..?

Once the price starts moving up, i wonder if this buyer will chase the price increase, hence pushing the price even higher.
CE1 Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel