CE1 calima energy limited

Ann: Replacement Release Montney Successful Testing Update, page-4

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    The Announcement on the 15th said that testing would run for another 3 to 10 days after which the wells would be shut in to allow downhole pressure buildup measurements .
    We might get an Announcement by next Monday that will inform us of the final CG ratios that are so important to the economics of the project .
    The ratio for the flush production from the lower Montney were off the dial good and am hoping the final ratios will better than expected too .

    The test for the upper Montney was still flowing back a lot of frac fluid and if that proves up economical pay it will be a big boost to the value of the project .

    Reaction of the Market has been muted so far .
    I think the times are right for this project very soon and have made my already over allocated under water holding bigger .
    We may be at a turning point .
 
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