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0.9¢ calima energy limited

Ann: 5 Well Driling Program at Brooks Commenced, page-18

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Cunnington1

261 Posts.

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19/10/22

11:41

Post #: 64274984
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Originally posted by jophda: ↑

CE1 shareholders know how much the one vertical and two horizontal wells the company drilled cost and how the cost over run caused a lot of pain .
Is my memory right that they did not get to finish the testing of the last well before the change of seasons chased them out of there .

Very much doubt they will be doing much drilling on their own and $20 million would be not nearly enough imo to get them to first revenue from the Montney .It is an expensive place to operate although a lot of costs for roads has been paid and the large pad is there .
At least they are talking about the Montney after a period of radio silence .

There is a big incentive now to get LNG plants up and exporting so CE1 is almost sure to have its day ..., but when ?
The Market thinks its too far away still .

I wonder what happened to the leases they had there that expired ?
Has the government or will the government put them up for lease again ?

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Further Montney derisking while adding value a great step forward towards the ultimate prize “export via Canada LNG Kitimart facility”. Think shareholders need to look at the “ Montney” bigger picture and support management decision to push forward with this development and extract maximum return to shareholders. Patience will be rewarded!

CE1 Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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