CE1 0.00% 0.9¢ calima energy limited

Ann: Rising oil prices - Hedging Update, page-54

  1. 820 Posts.
    lightbulb Created with Sketch. 113



    Given that the current drilling campaign has been so successful - 3 wells drilled under budget and early signs showing that production is "significantly above typical production curves" (as shown above in attachment 3).

    I wonder if CE1 might announce that they have decided to extend the current drilling campaign and drill additional wells in order to exceed their current production target of ~4,000 barrels per day.

    Considering the currently high oil prices, it might be worth doing so.?



 
watchlist Created with Sketch. Add CE1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.