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Ann: Montney Gas and Condensate Re-testing Program to Commence, page-20

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retorn123

1,579 Posts.

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18/01/23

13:26

Post #: 65752353
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Originally posted by rosencrantz: ↑

thanks for sharing retorn.
On 22 March 2019 our valued hot Copper poster Motors introduces some scepticism into the announcement that day of testing flows from Calima-2 well of 9 million cubic feet of gas and 143 barrels of liquids per day. The shares have traded at 5 cents= $1.00 in today's post consolidation stock. The then MD Alan Stein enthuses that with this outstanding performance from Calima-2, we
will have all the basic data needed to calculate the metrics to demonstrate that we have opened up a
new liquids-rich Montney play in British Columbia
and over coming months Calima shares commence their relentless descent to 1 cent ie 20 cents in today's stock.
Today, we are hearing similar such enthusiasm from Calima directors.
It's justified isn't it?

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i think its justified optimism...it is a resource with massive potential in ce1 that is well under-valued for that potential

but its not a sure thing...risk is impt to take responsibility for understanding

i can understand the frustration caused by optimism, then under-performance

CE1 Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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