Ann: Calima Receives Approval For Production Facility, page-7

Hey Granty,
"The Company remains well funded with a working capital position of $5.6m" says the Qtrly

"sized to accommodate up to 50 Mmcf/d and 1,500 bbls of well head condensate" says this announcement

but prior presentations stated

"Existing infrastructure 20kmto the north has capability to handle a pilot development plan of up to 50mmcf/d and 2,500bbl/d (10,000 boe/d)."

and from the Qtrly

"the Board is resolved to continue with its strategy to put in place the building blocks for a 10,000boe/d development that achieves maximum cost efficiency by making the most of existing infrastructure."
50Mmcfpd is ~ 8,333 boepd so adding 1,500 Bbls of well head condensate and we at the 10,000 boepd FDP. ( CGR ~33 Bbls/Mmcf).

Is the market basically also saying that CE1 will only have those 20,000 odd acres as the others will expire? $600/acre and ~$3M NPV10 for each Hz seems like top dollar at present??

Who would be interested indeed. Still a far cry from the reduced to C$3,000 - C$5,000 per undeveloped acre in most recent preso.