CE1 0.00% 0.9¢ calima energy limited

Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-15

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  1. 8,062 Posts.
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    That's right Jakspara, it was always a counter cyclical play , we knew we were drilling into a soft market, but no one realised how much lower it could all go yet again. Much of the listed plays are trading at implied land values of basically zero, we are just one of them. Oil & Gas space is such a huge part of the Canadian economy, to just close it down overnight would be catastrophic, there needs to be some kind of middle ground.

    Whiddon tried to clean up the large disgruntled substantial share holders, but seems there was one he missed that went to mkt , dumping over 100 million shares at the lows. They must be finished, we should be able to recover, we are still an asset play we still own assets. Technically 0.008/0.009 is massive, above that and maybe we can get back towards the 1.8 raising level.
 
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