CE1 0.00% 0.9¢ calima energy limited

Yes ...Q2 quarter focussed its operations on debt reduction and...

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    Yes ...

    Q2 quarter focussed its operations on debt reduction and maintaining production. Minimal capital spend was incurred
    and overall net debt was reduced to its lowest point at $6m, an overall reduction of $7.8m for the quarter. Net debt of
    $6m includes A$3.76m Pivotal term loan associated with the pipeline expansion that has provided considerable cost
    savings in a rising cost environment over the last 18 months.

    The Board is pleased to inform Shareholders a total capital return of A$5 million for the year 2023 has been approved.
    This reflects an approximate 10% yield and demonstrates our commitment to delivering strong returns to shareholders.
 
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