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CALIMA ENERGY - Positive Outlook, page-233

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Quest09

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21/12/23

12:48

Post #: 71568598
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Originally posted by Quest09: ↑

CE1 current market cap is significantly undervalued IMO

CE1 Positive Outlook
~$100 million dollars in annual revenue (~$25 million revenue per quarter, as shown in below screenshot).
~$17.3 million dollars cash held in bank, with zero debt (pre October capital return).
~60% Gross Profit margin (from memory).
28% reduction in capital spend when compared to 2022, whilst maintaining production rates.
Potential second capital return to occur in January 2022 (just weeks away).
Recent increase in CE1 oil & gas production rates to over 4100 BOE per day as a result of recent successful drilling campaign.
Pisces12 well still yet to be brought online from recent drilling campaign. Market awaiting new and increased production rates after Pisces12 well is brought online.
Announcement confirming the completion of recent upgrades to oil & gas transport and storage infrastructure is also due (upgrades will further increase production capacity).
A new drilling campaign commencing next year (2024) to further increase production rates has been announced (market announcement of detailed drilling plan is due any moment).
Potential $80 million dollar sale of Brooks or Thorsby oil & gas assets could be announced at any moment (as indicated in below screenshot).

Announcement Showing Current and Future Quarterly Revenue

Announcement Showing Potential Sale of Brooks or Thorsby Oil & Gas Assets

Expand

Originally posted by Quest09: ↑

USA buying up oil in huge numbers to start filling their Strategic Petroleum Reserve (SPR). 3 million barrels is a huge number, but still just a drop in the ocean compared to what is required in order to get the SPR back up to average levels.

Oil price rebound is on the cards if this type of buying continues, especially if OPEC continue to cut production to support higher oil prices.

USA SPR at 40 Year lows

Expand

Originally posted by Quest09: ↑

Oil prices on the rebound. Outlook is strong IMO.

Expand

Oil and gas NOT originating from the MENA region is a hot commodity at present.

Supply problems will increase demand.

CE1 with production out of Canada is significantly undervalued IMO.
CE1 Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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CALIMA ENERGY - Positive Outlook, page-233

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Featured News

CALIMA ENERGY - Positive Outlook, page-233

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Featured News