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0.00% 0.9¢ calima energy limited

...and the potential for reserves to support debt for phase 2...

  1. marxist
    721 Posts.
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    23/04/19
    19:09
    Post #: 38241706
    ...and the potential for reserves to support debt for phase 2 later this year to drill more wells, a pipeline and production of +5000boe/d early next year. Another legitimate option may be a farm-in to fund phase 2. But why buy out to get to 100% then farm down. Whatever way it goes, I anticipate management will firm up reserves and a forward plan first.
    Last edited by marxist: 23/04/19
    CE1 Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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