CE1 0.00% 0.9¢ calima energy limited

Ann: Montney Gas and Condensate Re-testing Program to Commence, page-13

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  1. 8,062 Posts.
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    The drilling costs blew out by $8 mill, they didn't have control of the invoices, poor management obviously. Yes winter turned up, but that's kind of predictable, running out of money was the issue. Really like Glenn but that error , along with New Calima's hedging issue last year , rightly means tread with caution. Still the guys deserve some qudos for never giving up on making this asset work, technically want to see above 15.5/16.5 to turn the trend bullish
 
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