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1.0¢ calima energy limited

Ann: Rising oil prices - Hedging Update, page-75

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Quest09

798 Posts.

111

05/10/23

21:28

Post #: 70198192
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Originally posted by Quest09: ↑

CE1 looking primed for a breakout IMO.

- currently undertaking a drilling campaign for 3 new wells (Attachment 1 & 3).
- $7.5 million capital return, equalling 1.2c per share due this month (image of announcement below).
- oil prices in an uptrend and looking strong (attachment 2 & 3).
- Auctus Advisors have a price target of $0.45c (attachment 5).
- management have been recently buying on-market.
- top50 shareholders control 63.6% of CE1.
- Canadian players have presented takeover bids for CE1 in recent past, and future bids are being speculated.
- strong news flow expected in the short/medium term due to drilling campaign and due to talk of potential takeover bid.
- Annual revenue = AU~$98 million dollars.

Current market cap AU$~ $58 million

Significantly undervalued IMO

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An informative article on CE1

Calima Energy Limited’s Chairman Mr Glenn Whiddon Unveils Promising Developments in Brook’s Assets

Link to article: https://colitco.com/calima-energy-limiteds-chairman-unveils-promising-developments-in-brooks-assets/

Last edited by Quest09: 05/10/23

CE1 Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 1.0¢		Change 0.004(66.7%)		Mkt cap ! $6.334M

Open	High	Low	Value	Volume
0.7¢	1.0¢	0.7¢	$247.9K	33.21M

Buyers (Bids)

No.	Vol.	Price($)
1	555555	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	1070684	8

View Market Depth

No.	Vol.	Price($)
1	555555	0.009
6	5460265	0.008
5	7343571	0.007
9	24468617	0.006
12	15812000	0.005

Price($)	Vol.	No.
0.010	1070684	8
0.011	1427857	5
0.012	3500000	1
0.015	262857	2
0.019	8000	1

Last trade - 16.10pm 19/06/2024 (20 minute delay)

CE1 (ASX) Chart

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