CE1 1.92% 12.8¢ calima energy limited

"The Company will also be responsible for abandonmentand...

  1. 73 Posts.
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    "The Company will also be responsible for abandonmentand restoration costs of the Facilities at the end of their working life however, to place this in context if the Facilities were used to produce 50 Mmcf/d for a period of 10 years that would constitute less than6% of the combined Contingent and Prospective Resources attributed to the Calima Lands effectiveJuly 1st 2019 (ASX announcement 8 July 2019)."

    My calculation above was a very basic estimation of resource based on the data provided and it is a much more complicated process to come up with an accurate number so I stand corrected on my estimates. I was simply trying to work out why someone would sell an $85M infrastructure for $850k. I would be happy for your feedback. As I said in my original post, I think this is positive for Calima, they need to get access to market.
 
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