CE1 calima energy limited

Ann: Production above 4,500 boed & Q1 2022 program commenced, page-4

  1. 219 Posts.
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    increasing production is one thing, making money is something else... i want to see that they are actually making money not just spending capex to increase production for the sake of it. At ~$50 WCS they are breakeven / NPV neutral on their wells once capex and opex are both factored

    The cynic in me says they are ramping production solely to get their performnace rights - what was it again, 4300bbl/day for 30 non-consecutive days before 30 Apr 23? Sounds cute to me that they hit targets conveniently in Jan
 
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