CE1 0.00% 0.9¢ calima energy limited

CALIMA ENERGY - Positive Outlook, page-113

  1. 44 Posts.
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    And this...

    Presentation from Dec 2022

    Q4 production of 342,916 boe (gross) of oil and natural gas, averaging 3,727 boe/d was achieved.

    Missing forecast production by 33%.

    However, I'll indulge your preference to use the Mar23 quarterly results to compare to a forecast for the "end of 2022".....

    Also this from Presentation from March 2023


    Operating Results Production – Q1 2023 quarterly production was 407,866 boe (gross) with dailyproduction averaging ~4,532 boe/d

    So average production for the quarter was still 20% less than forecast.

    Highlighting peak production/day of over 4,700boe/d hardly mitigates a wholly underwhelming performance. No matter which quarterly results you care to choose or whichever way you dice & slice the numbers, the result has forever been the same-performance has never matched any forecast.

    An unenviable achievement indeed.
 
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