CE1 calima energy limited

TSV/TMK entry point, page-5

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    Canadian Oil Driller Abruptly Shuts Down, Abandoning 4,700 Wells.
    A junior Canadian E & P company shuts down abruptly , leaving as many as 4,700 wells behind, CBC reports, quoting the Alberta Energy Regulator, which said it had sent Trident Exploration Corp an order to manage its wells, to which the company did not respond.
    Trident closed two days ago and announced it would not be returning any money to shareholders or holders of unsecured bonds, adding it had well abandonment and reclamation liabilities of US $ 244.78 million (C $ 329 million) to deal with .
    Trident does not have the funds to operate it's infrastructure or enter into creditor protection. As a result, they have decided to walk away, leaving more than 4,400 licensed sites , many of them active, without an operator. " Irina Slav Oilprice .com ".
    Another one bites the dust...
 
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